Mergers
Coal. Isaac Thomas Mann, president of the Pocahontas Fuel Co. and chairman of the organization committee of a giant unborn company, confirmed a report last week that the semi-bituminous smokeless coal Hercules would soon be born. The merger will include some 25 or 30 companies operating in Virginia and West Virginia, capable of producing 30,000,000 tons a year. Among the companies considering the merger are Pocahontas Fuel, New River Coal, Consolidation Coal, American Coal, Pond Creek Pocahontas, Gulf Smokeless Coal, Berwind-White Coal, General Coal, Slab Fork Coal, Crozer Pocahontas.
Oil. Arrangements...
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