Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1908-04-10
INDUSTRIAL NEWS

Items That Will Interest Many of /
Our Readers.
The Harper's Ferry Stone & Lime
Co. of Millville, w. Va, has been in
corporated with capital stock of $50,-
O00
The Southern Coal Co. of Grafton,
w. Va, has been incorporated with a
capital stock of 100000.
In dispatch from Clarksburg, w. |
Va, says DR.. c. R. Peck of that city
and Melville w. Peck of Philippi, w.
Va, are reported to have purchased
for development large tract of coal
land at Tyrconnel, in Taylor county.
The Standard Portland Cement Co.
of Leeds, Ala, of which Mr.. +. II.
Lewis is superintendent, will increase
its capital stock to $200,000. The pres
ent plant has capacity of 400 barrels
daily.
The Fairmont & Warrington Elec-
trio Railway Co. will, it is reported,
resume work Immediately on
the construction of its line, which was
suspended during the winter.
The Little.K anawha Railroad, it is
reported, has decided to fulfill its plan
to build an extension from palestine to
Burnsville, w. Va, a distance of 80
miles, and also to make a connection
with the Ohio River Railroad of the
Baltimore & Ohio system for entrance
to Parkersburg.
The Cairo Il Norfolk Railway Co.,
capital $500, 600, has been Incorporated
at Mayfield, KY, to build line from
Fort Jefferson, KY, on the Mississippi
river to Bristol, Va, about 800 miles.
The Ferguson Orchard Company, in
corporated, has closed negotiations for
the purchase of the Allemong orchard
and farm, on Back Creek, Roanoke
county, at the price OF $12,OOO. rms
orchard contains 5000 appletrees, prln-
cipally of the Back Creek pippin vari-
ety. and is one of the best cared for and
most productive orchards in the coun-
ty. Its purchase gives the Ferguson
Orchard Company about 1900 apple
trees, all in one body, and makes OF it
one of the most valuable apple proper
ties in the State
A dispatch from Washington, Pa,
states that the Webster Springs Land
& Stock Co., composed of Washington
and Greensburg pa capitalists, has
purchased 4,5OO acres of coal and tim
Der land along the Elk river in West
Virginia. The property is said to con-
tain five veins of coal, having an aver
age thickness of from five to eight feet,
together with about 30,O00,000 feet OF
oak and poplar timber. 1t is under
stood that the company does not con-
template the development of the land,
but wills probably sell the coal on a
ROYALTY basis and the timber on the
stump.
The report of operations for the year
ended December 81, 1907, OF the Con-
solidation Coal Co. and its allied COM
panies, including the Fairmont Coal
Co., Somerset Coal Co., Pittsburg d
Fairmont Fuel Co., Clarksburg Fuel
Co. and the Southern Coal & Transpor-
tation Co., shows gross earnings aggre-
eating nearly $4,000, 900. FAt the an
nual meeting of the stockholders and
directors of these companies held last
week at thesmain offices of the Consoll-
dation Coal Co., Continental Trust
Building, Baltimore, Nd, President Z.
w. Watson submitted his report, show
ing the gross earningsyof the Consoll
dation Coal Co. to be S4,643,SO4, anc
net earnings from operation 81, 744,O3l
The Fairmont Coal Co. IS gross earnings
a ygregated "a, 1850, 327, and net earnings
from operation 81, 444,O2s. Gross earn
iugs of the Somerset Coal Co. aggregat
ed So, 36S, ,S65, and net earnings from op
Grafton $4OO,O7O. The total production
of the Consolidation Coal Co. amount
ed to 2,O92, ,O16 tons, decrease OF 36,S6
: tons as compared with the year 1915
while the total production of the Fair
r mout Coal Co. amounted to 4, 323, SS
tons. an increase of IS, SS3 tons as com
pared with 1906.