dividends on common and preferred stocks of Philadelphia 
Company, to December 31, 1922, aggregated $66,233,761. 
The Philadelphia Company controls the following gas 
companies: Equitable Gas Company; Monongahela Natural 
Gas Company; Pittsburgh and West Virginia Gas Company. 
These companies own or control 1749 natural gas wells, with 
3788 miles of pipe lines. In the year 1892 they sold in the 
Pittsburgh district, 32 billion cubic feet of gas, to 156,000 
domestic customers and over 165 industrial companies. 
Through owned and controlled lines they supply the major 
part of the fuel gas consumed in the City of Pittsburgh and 
manufacturing towns along the Monongahela and Allegheny 
rivers. The company and its subsidiaries control by lease 
more than 342,000 acres of gas and oil lands in West Virginia, 
Ohio and Western Pennsylvania. Operations at present are 
being conducted on 160,432 acres of these lands, the remainder 
Heing reserved acreage. 
In the transportation of gas from the fields of southwestern 
Pennsylvania and northwestern West Virginia, 17 pumping 
stations are operated, having an aggregate of 36,250 horse- 
power. In addition to its natural gas production, the com- 
pany owns a manufacturing gas plant, with a capacity of 
24,000,000 cubic feet per day. 
The entire capital stock of the Philadelphia Oil Company, 
amounting to $2,001,000, is owned by the Philadelphia 
Company. It was organized for the purpose of acquiring, 
carrying and disposing of oil and gas leases; for the purpose 
of mining, boring and digging for, or otherwise obtaining 
from the earth, petroleum, rock or carbon oils, and natural 
gas; and manufacturing, refining, buying, selling and trans- 
porting the same, in the crude and in the refined states, and 
generally for the purpose of carrying on such business as 
pertains thereto. All of the oil produced is Pennsylvania 
grade, which commands the highest market price. Its opera- 
tions are in the states of Pennsylvania, West Virginia, Ohio 
and Kentucky. During the year 1922 it produced 162,193 
barrels of oil from 171 wells, and its gross earnings amounted 
to $912,391. 
The annual report of the Philadelphia Company for the 
year 1922 said: “During the year more than 1500 new patrons