Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-22
ASTOUNDING FIGURES
Which Go to Make Up the Recent In
dustrial Combines.
A TOTAL OF OVER ELEVEN HUN
DEED MILLION DOLLARS IN
VOLVED UP TO DATE-SOME
DETAILS OF THE TIN PLATE
AND STEEL COMBINES.

The New York Sun of last Sunday
contained an article of over page in
size. devoted to a comprehensive re-
view of the recent industrial combin-
ations which is of considerable local
interest.
In it's Introductory remarks the Sun
says:
1.-THE Financial Chronicle has COM
riled a list of all classes of Industrial
combinations formed during the last
year and the first two months OF TINS
year, which shows total authorized
capital for those of last year Of $685.
176. and for the forty-three formed
in January and February OF this year
the astounding total of $1,106, 300, 600, a
sum greater than the total appropria-
tons of the last Congress, exclusive of
the war budget, or a rate for the year,
II kept up, of an amount almost equal
to three times the national debt OF
twenty years ago, $6,5O0.000. In
this compilation no account is taken OF
some increases Of capital, and several
combinations which promise to be ac-
romplished within a short time are not
Included
After dwelling upon the Wall street
aspect of the combinations, the wire
trust, the Federal Steel Company, with
Its capital of O0,OO0,O00, and others
IRE exhaustively considered, and then
the article proceeds:
ANOTHER NEWCOMER.
Another large steel corporation jusl
in the field the National Steel Com
pany, was incorporated in New Jersey
On Feb. s. with a capital Of only $780,
coo, but perfected it's organization on
Feb. q in Chicago, and has increased
It's capital to s590000 600, of which ST.
100000 is per cent. cumulative pre-
ferved stock. The company was form
ed to cut into execution plan formul-
ated by w. H. Moore, Of Chicago, and
others looking to the consolidation of a
number of plants in the interest, as is
understood, of the American Tin plate
Company. The plants acquired con-
troll the tin plate bar and supply and
include those of the Ohio Steel Com
pany of Youngstown, King, Gilbert q
Warner of Columbus, the Aetna Stand
ard Iron and Steel Company of Mingo
Junction, Ohio; Shenango Valley Steel
Company Of Sharon, Pa; Wheeling
Steel and Iron Company Of Wheeling,
and the Bellaire Steel Company Of
Bellaire, O. 1t has been reported that
negotiations were pending for the con-
troll of the Oliver Iron Mining Company
and the Rosen furnace in the coke re-
gions.
"The capacity of the plants owned by
the National Steel Company is 100000
tons of tin plate bars, sheet bars and
steel billets annually and the capacity
of it's blast furnaces 100000 tons an
nually. The Financial Chronicle said
in speaking of the company: The
Carnegie Steel Company, the Federal
Steel Company and the National Steel
Company control a preponderating
share of the steel billet output and
most other lines in the steel trade"
Following are the officers and direct
ors of the National Company: Presid-
ent, w. E. Reiss; Vice-Presidents,
Henry Wick and R. M. Gilbert; Secre-
tary. William S. Baldwin; Treasurer,
F. S. Wheeler; Directors-W. E. Reiss,
New Castle, Pa; Henry Wick and My
ron Wick, Youngstown, O.; R. NJ. Gill
bert, Columbus, O.; A. NJ. Garter, Bel
laire, O.; James McLain and James D.
Hill, New York; D. G. Reid, Warner
Arms, w. B. Leeds, W. T. Graham, W.
H. Moore, J. H. Moore and +. 5.
Wheeler, Chicago, and John Topping,
Wheeling"
The Pressed Steel Car Company is
then reviewed, followed by the Amer
lean Car & Foundry Company, and then