The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-02-09
OPERATORS MAAI
LcantInhsa see Ed enslI I

SAlaUAS 90 q MuVlGl VI part 1VE BLK 4
ing fund purposes at any, interest
period ut 1914. There were out.
standing OF the authorized issue !
$40, $4,000, and with the additional
$10,000,000 the bonds are first
lien on about 10000 acres Of coal /
lands. mines and equipment, sub.
ject to ABOUT SS,600.O0O underlying
securities. They are further Sc.
cured by a general mortgage on
about 10000 acres additional min
ing lands and equipment. Thei
mortgage provides for sem;.annual
sinking fund payments on a basis
Of tonnage mined, which, after the
reduction of underlying sinking
fund payments are to be used for
the redemption Of this issue.
The company's average net earn.
tngs for the past ten years have
been $6,145,O00, while average bond
interest has amounted to only ST..
$4,000. The entire funded debt,
including this last issue is $34,G7S,.
600, the interest on which amounts
to $1,T52, 900. The new issue is to
be used for the acquisition and
development Of the mining prop.
erty bought by the company In the
Pocahontas field, which includes
the holdings Of the Carter Coal
company, embracing $4,000 acres
in West Virginia; 10000 in Virginia.
and 1850 acres OF black coal lands !
in Kentucky The Carter company
produced one millions tons annual.
ly. Part of the proceeds will also
be used TO acquire the outstanding
minority stock OF the Northwest.
ern Fuel company, which the Con.
solidation Coal company has con 1
trolled for several years and which
is Its distributing agency in the
northwest and Canadian region
around the lakes.
Daily Production.
Mines Of Northern West Virginia
on Wednesday loaded 1,117 cars
of coal, which was 26 cars stronger
than Tuesdays loading. The load.
Ing by divisions was as follows:
B. G o. = Monongah, 545 cars
Charleston, n cars; Cumberland,
So cars; Connellsville, % cars;l
Western Maryland, Belington and
Weaver, &c cars; Bingamon end
Helen's Run, As cars; Morgantown
and Kingwood, Is cars; Morgan
town and Wheeling, 100 cars. i
Yesterday the ovens on the Mo-
nongah division, B. & o. loaded
eighteen cars OF coke. A
Weekly Coal Movement. i
Coal moved through the Grafton
gateway last week on the B. g. o.
aggregated 3,19S carloads. 4
! Personal Mention.
Brooks Fleming, Jr., assistant to
the president, Consolidation Coal
company, returned from New Yorh
city yesterday.
w. E. Watson, Fairnont and
Cleveland Coal company. is on a
business trip to New York city. He
is expected to return to Fairmont
on Saturday. t..
Samuel D.. Brady, president Of
the Brady Coal corporation, went
to Baltimore last night. ~ ~!
G. H. jenkins, Hutchinson Coal
company, and George S. Bracket.
secretary OF the Northern West vir.
ginia Coal Operators association.
arrived home this morning from a
business trip to Cleveland, New
York and Philadelphia.
Joseph w. Reed, director OF! the
safety department, will leave for
Kentucky during the early part Of
next week. -
Daily Shipments.
A total OF SO cars of coal were
shipped to Curtis Bay of theSMo.
nongah division, B. & o., yester.
day while the Arlington pier con.
signments were 6 cars.
There were 445 cars OF coal load
ed east and 1877 west. Fourteen
cars Of coke were loaded east and
four west.
Railroad fuel loading OF the di.
vision aggregated 1872 cars Of which
SIS cars were secured. Foreign car.
riers got 1877 cars, Tha railroad
fuel shipments OF the Charleston
division. B. & O., on WednesdayiaP.
gregated 81 cars OF which the B. &
o. received IL cars.
i Mining Conditions.
Eighty-two mines were working
in the Falrmont region today. OF
that aggregate there were 62 active
on the B. & O.; IS on the Monon.
gahela and 2 on the Western Mary.
land. On the Charleston division,
B. & O., there are twenty.elght
mines at work while on the Monon.
gahela railway in Pennsylvania
there were thirty mines at work.
Nine hundred and thirty,four
empties are ordered by the mines
along the three railroads IN the
Fairont region. On the Monongah
division, B. & o., there are 526
empties ordered: on the Western
4 maryland. IS and on the Monon.
| gahela, $50. Along the Mononga.
hela in Pennsylvania there. were
1881 empties ordered while on the
Charleston division, B. & O., there
were Sc emptles requested.
| East Of Grafton.
Twenty trains drew 666 loads OF
freight east Of Grafton on. the b. &
| o. r. R. OF that total 476 cars
were coal,
Mining School.
Fairmont mining extension school
Twill meet on Friday evening. at
1880 o'clock%at the Fairmont high
school annex. A large attendance
Is urged. The committee is en-,
deavoring to secure p. S. McCul
Tough. labor commissioner, North.
ern West Virginia Coal Operators
association to address the class,
before he leaves for Indianapolis.
Mr.. Mccullough is confined TO his
I-ar,tJ ~ aag7 Kad0Ty NTH aItakfaa ~