Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-10
A GIGANTIC COMBINE.
A Syndicate to Control All the Mills
in the Mahoning Valley.
CARNEGIE MAY BE IN THE DEAL
A successful Test Of New Fuel for Glass
House Furnaces.
PETROLEUM DIsPLACEs NATURAL GAS

A Y oungstown special says: A syndicate
of capitalists in New York are pushing
deal to purchase all the rolling mills and
blast furnace properties in this part OF
Ohio, and unite them in gigantic combln-
alton under one management. The deal IS
being manipulated by John A. Logan
Campbell, a leading attorney here, who
has the matter in charge. The
big properties proposed to be secured
are the mills and furnaces of the Brown
Bonnell Iron Company, the Andrews Iron
Company, the Briar Hill Iron and Coal
Company, the Mahoning Valley Iron Com
pany, the Ohio Iron and Steel Company,
the Andrews and Hitchcock Company, and
the mills of the Youngstown Iron and Steel
Company located here and in Girard and
Warren, Ohio. The total amount to be
paid for these plants is $7,00O,0OO. A
portion of those interested have already
agreed tr accept the terms offered, while
others object to paying the commission in
volved, believing that it should be paid by
the purchasers If the deal goes through,
which is considered probable, the transfers
will be made Immediately after January !.
Carnegie Against the World.
The reported prospective return Of
Andrew Carnegie from Europe may or may
not have a direct connection with this mat
ter. 1t is said that Mr.. Carnegie's people
have had some intimation of the contem-
plated combine, and as the tendency of the
arrangement would be TO interfere with
what is understood to be the purpose of the
Carnegie Company to control this business
of Capitalization in iron and steel trade in
Eal
| Carnegie is coming to help consider the
matter. Steel men generally, here as we'll
as in Pennsylvania, recognize the fact that
the Carnegie Company has got things In such
shape that it can dominate the trade
| situation as against It's smaller and
divided competitors. They admit that
the Carnegie Company is perfectly well
equipped to play the autonrat of the steel
business, at least in this country, and that
| it has nothing to fear from the competition
of the world. On the other hand, there are
whispers that this great combination may be
made in the interest of the giant corpora
tion itself
New Fuel Found.
A special from Steubenville says: The
| danger that the Acme Glass Works were to
be removed to another location seems to be
passed, although the practical failure of the
fuel gas supply is causing no little en-
barrassment in the manufacturing interests
here and elsewhere in the Ohio Valley.
| The Hall Steel Pump Company, of Pitts
burg, has put the pumps, engines and fit
tings for burning petroleum into the Acme
| plant, and the test of some new apparatus
| for oil burning in glass works has been
| awaited with widespread interest among
manufacturers, to whom the fuel problem
| is becoming troublesome. Sixty shops and
six glory holes are now being run with oil
| in the Acme works, and the test is regarded
as conclusive.
| The oil used is crude from the Mcdonald
| field. The burners used In the fu mace are
built on what is known as the aerated fuel
system, where air highly compressed is
mixed with the oil as it comes to the bnrn-
ers. In the trials thus lar made tre'
mendous heat has been obtained, amply
great for all glass making purposes.
o Coal, Gas and Oil Compared.
| At this plant the oil is stored in 600-
barrel tank, and it is fed into the furnace
and glory-holes by two duplex pumps,
which are worked by compressed air, in
stead of by steam. The oil comes into the
glory-holes in an exceedingly fine spray,
being diffused by peculiar atomizer, and
the combustion is pronounced thorough and
| complete AS the oil has not been as
accurately gauged as desired, it is
as yet impossible to tell exactly
what the consumption has been, and
therefore the precise cost, actual and rela.
tive, of the new process for firing the works
cannot be determined. In this plant the
three kinds of fuel, coal, gas and oil, are
now in use, only about half of the equip
ment being operated by the new scheme Of
oil burning. The machinery adapted to the
new conditions is exceedingly intricate, and
many of the old timers who have beer
interested in the arrangement are doubtful
of its economical efficiency on this score
But the actual working of the outfit, thus
far does not justify the fears of the con
| servatives.