BOND CIRCULARS 391 



TIMBER. 



White Oak 126.725,000 feet 



Red Oak 34.750,000 feet 



Poplar 45,550,000 feet 



Chestnut 41,700,000 feet 



Yellow Pine 21,800.000 feet 



White Pine 56.225,000 feet 



Hemlock 42,225,000 feet 



Hickory 6.610.000 feet 



Beech 15,795.000 feet 



Ash 925,000 feet 



Railroad Ties 277,625 



Telegraph Poles 80,380 



Hemlock Bark 19,790 cords 



Oak Bark 18,600 cords 



Other Forest Products 276,010 cords 



The timber is of excellent quality, is easily available to 

 the Company's mills, is practically immune from fire risk 

 and will show a marked increase in value during the next 

 ten years. 



COAL. 



This entire tract of land is underlaid with some 300.- 

 000.000 tons of steam coal of an excellent quality. The 

 main vein averages from 48 to 50 inches in thickness, is 

 remarkably regular in formation, with sandstone roof and 

 floor and ideal working conditions. 



A careful analysis made from samples taken from six 

 different locations on the Company's property, shows the 

 following average anlysis: 



Commercial Analysis Dry Analysis. 



Moisture 1.616 None 



Ash 9.893 10.050 



Volatile Combustible Matter. 39.538 40.186 



Fixed Carbon 48.953 49.764 



Heat Units 13171.6 13389.5 



Sulphur 3.248 3.298 



Phosphorus None None 



The commercial value of this coal for domestic and 

 steam purposes is clearly shown by the number of heat 

 units, which is unusually high. 



