The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-03-29
ANNUAL MEETING
OF THE SLOSS co.

Continued from First Page.)
of which is owned by your company, was
not In blast during the year, as the North
Alabama Furnace company owned no raw
material and the price of iron did not
justify the purchase of them.
Coal Mines.
The production of coal for the year
shows a decrease as compared with that
OF 1908 of about 100000 tons, yet still a
considerable increase over any years pre-
vious to that The decrease last year
was due entirely to the strike of the
miners. While the tonnage decreased. the
cost also was materially reduced.
During the year we began the opening
of what Is known as ID" mines at Coal
burg. This work is now completed and
the mine will soon be producing coal,
which should increase our output by
about 500 tens a day
Minor improvements have been made at
several of your coal mines, the expendi-
lures for which were authorized by your
board.
The condition of your coke ovens has
been maintained, but no additional ovens
were built during the year.
While the production of coke shows a
slight falling off as compared with the
largest previous years yield, the cost
OF producing it was considerably reduced
and the quality in some respects i'm
proved.
Sloss Ore Mines.
The amount 1t was necessary to expend
at these mines during the past year in
order to maintain the output and keep
the cost down was very small.
The mines have been very efficiently op-
Grated, and the ore produced shows an
increase of 1884 tons as compared with
1908, which year showed the largest pre-
yious production. by nearly 100000 tons,
and the cost shows reduction
Russellviilc Ore Mines.
During the year we built two large ore
washers to replace two small ones which
were dismantled, and a considerable sum
was expended in putting the steam SHOW
els, dinky engines and other machinery In
good repair and number of additional
three-ton side dump tram cars were ad.
ded to the equipment.
Being brown ore mines where 1t is all
open out mining the product In serious
ly affected by the weather, and during
the last year an unusual number of trou-
bles and vexations were experienced.
There was no rain fall for ninety days in
the fall, and the water courses went dry.
so that one time only one of our four
washers could be operated. This was fol-
4 W
known In this region with the thermom-
eter at times down to zero, and alternate
freezing and thawipg, rendering II most
difficult to operate the plants. 236,29O tons
of ore were shipped during the year.
falling off of "a, 800 tons from the previous
year.
With reasonable weather these mines
should produce more ore than ever be-
fore.
Comparison of Outputs.
AS has been the custom heretofore, a
comparative statement of the products of
the company for several years is given
below in order that the stockholders
may see whether not the company is
maintaining its position as a producer:
1904 1903 1902 1901
Pig IRON. 2.267 81 .Oss 2S7.6S5 21s,S 57
Coal -. j, 4Oo.e69 1901 1856 1,2S7s26 1,o42.2ss
Coke 49, 544.767 549201 4o3.054 3S9. 1873
Red ore. 50O,274 0S0 2S4,4S2 221,7s9
B'wn ore 2se.2sO 2soos9 2aS,70O 2si,66l
Dolomite. $685. 1853 101069 101,349
The above figures of pig iron embrace
only the product of six furnaces owned
entirely by the company.
The decrease in the output OF dolomite
was due entirely to the lessened require
quirements of the furnaces. since larger
proportion of hard ore which carries Its
own fiux was used. There was surplus
of dolomite at all times.
| Herewith are presented statements
| showing resources and liabilities, earnings
| for the year and of working capital IN
our business, from which can be ascer-
tanned the financial condition of the COM
pany.
To the officers of the company and It's
employees, who have beer at all tunes
faithful and untiring in the discharge OF
their duties, especially during the trying
period of the strike, our thanks are due.
All of which is respectfully submitted.
by order of the board.
]. C. MABEN, President
Birmingham, Ala, March. lsJo.
Statement.
Sloss-sheffield Steel and Iron company,
fiscal year ending November 80 1904:
RESOURCES.
Property account 49,. 49,. s1s,s75, sO6 81
~, easurev securities :. ... 259.700. 90
Stocks and bonds of other
companies ...........s sii'5'f'o'
Cash, bills and Accounts Re-
ceivable .--.-..-.-.- Loss loo 90
Supplies, raw and finished ma
terial at cost ..-.......... 4ba'ssi.u
Stocks in company's stores
and warehouses lb4SSS.S 81
n newal fund. ......... 147.ss7 AS
nired ........... 12o67 .s5
s21, OSo.451 81
LIABILITIES.
Capital stock pre-
ferred :. ........-.$6,f00ou
Capital stock, COM
mon ...-...... 1,5ooUoo
$4,000 ooo.s
cte-s Iro, and Steel