The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1890-01-02
A BIG IRON PLANT.
$4,000, 900 To BE Invested in Mammoth
Plant at Cleveland.

Plant at Cleveland.
4 new iron works is To be started mp in
Cleveland with q capital stock of - 900 600
-Si.OpD,OOO of which has already been sub
scrhcl-and an application for q charter
has been made that will be- issued this week
The man at the head OF the company is H..
Backus, who, until recently, was with the
IL. T. Nail Company, of Cleveland The
Cleveland Rolling Mill Company has been
furnishing the II. T.. Nail Company with
stock such rs wire rods for manufacturing
wire nails. Backus was the General Mana
ger Of the H. T.. Nail Company, and
dispute arising between him and
the other officers he resigned and
now seeks to get even with the
II. +, Nail Company by erecting mill to
compete The Cleveland Rolling mill which
furnished the wire rods to the II. T. Nail
Company Tor manufacturing wire nails, get
their ore from Michigan via the lakes. but
their works are some distance from the lake
and large expense is incurred in hauling
the ore to their works, costing about $40
per ton for hauling.
The new firm, which will probably be call
ell the Cleveland Wire Nail Company and
will manufacture billc,ts, merchant steel,
wire rods, wire nails and plain and possibly
barbed wire, will have their works located
on the lake shore and of course can save this
expense.
The company has rs members some of the
wcalthiest capitalists in Cleveland Mr.
George A. Laughlin, of the Cleveland Axle
Manufacturing Company is one, and, il
is reported Thomas l.. Johnson the rail way
man, is another. Mr.. liaclius is also very
wealthy.
1t is expected there will be a big fight be-
tween the Cleveland Rolling Mill Company
and the new concern.
The 800 men employed in the shops of the
Philadelphia aud Reading Railroad COM
pany, in Reading, have been put on three.
quarter time.
The 400 employees of the Llckawanna
Iron and Coal Company have been informed
that there will be an increase of wages on
and after January |. The amount of the in.
crease is not stated but it is presumed that
the 10 per cent reduction which went into
effect year ago will be res orcd
There appears to ea general awakening
throughout the two Nirginias to the value of
the different mineral deposits found in their
mountains. In Old Virginia capitalists are
prospecting, large real estate transfers have
recently been made, furnace companies or
ganizcl aud new industrial plants located at
different points. All the older furnaces, in.
Guiding some ont of blast for several years
arcin full operation again.
The American Bridge Co, Of Roanoke
Va, has recently been awarded large CON
tract for work on the Noth Carolina cxtcn-
sion of the Norfolk a. Western. Several
other large orders have been received, which
vii! keep the company busy for some time.
a new foundry dONlOO feet is being built,
and work is soon to be commenced on n
smith and hammer shop 75NlOO feet. An
addition will also be made 10 the main
building.
The Bucyrus, O., Foundry and Manu-.
featuring Company, have Just taken a con.
tract to build five large steam shoyels for the
Northern Pacific Railroad Company. This
is believed 10 be the largest order for steam
shovels ever placed by any railroad in this
country at one time, and makes II steam
shovels sold by the Bucyrus Works TO the
Northern Pacific road. Besides the fores
going the company has orders for l3 steam
shoyels for spring delivery.