Exhibit 99.2

OGLEBAY NORTON COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(In thousands, except share amounts)

ASSETS

	September 30 2004			December 31 2003
	(UNAUDITED)
CURRENT ASSETS
Cash and cash equivalents	$	9,327		$	—
Accounts receivable, net of reserve for doubtful accounts (2004 - $5,229; 2003 - $5,842)		69,493			50,422
Inventories
Raw materials and finished products		34,341			35,236
Operating supplies		12,819			12,795
		47,160			48,031
Deferred income taxes		3,901			3,901
Prepaid expenses and other current assets		27,463			10,915
TOTAL CURRENT ASSETS		157,344			113,269
PROPERTY AND EQUIPMENT		752,098			746,640
Less allowances for depreciation, depletion and amortization		355,519			332,447
		396,579			414,193
GOODWILL, net of accumulated amortization of $11,093		73,877			73,877
PREPAID PENSION COSTS		33,592			35,319
OTHER ASSETS		12,900			12,036
TOTAL ASSETS	$	674,292		$	648,694
LIABILITIES AND STOCKHOLDERS' EQUITY
	September 30 2004			December 31 2003
	(UNAUDITED)
LIABILITIES NOT SUBJECT TO COMPROMISE
CURRENT LIABILITIES
Current portion of long-term debt	$	250,201		$	420,350
Accounts payable		17,837			26,070
Payrolls and other accrued compensation		6,663			4,857
Accrued expenses		11,288			14,906
Accrued interest expense		11,072			8,392
Income taxes payable		—			480
TOTAL CURRENT LIABILITIES		297,061			475,055
LONG-TERM DEBT, less current portion		—			1,490
POSTRETIREMENT BENEFITS OBLIGATIONS		1,942			50,049
OTHER LONG-TERM LIABILITIES		2,721			29,500
DEFERRED INCOME TAXES		3,901			4,596
LIABILITIES SUBJECT TO COMPROMISE		311,960			—
STOCKHOLDERS' EQUITY
Preferred stock, authorized 5,000 shares		—			—
Common stock, par value $1 per share, authorized 30,000 shares; issued 7,253 shares		7,253			7,253
Additional capital		6,895			9,312
Retained earnings		73,969			106,075
Accumulated other comprehensive loss		(3,773	)		(4,542	)
		84,344			118,098
Treasury stock, at cost - 2,015 and 2,194 shares at respective dates		(27,637	)		(30,094	)
TOTAL STOCKHOLDERS' EQUITY		56,707			88,004
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	674,292		$	648,694