Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1899-03-19

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The New York Commercial Adver-
tiser has the following concerning the
| Morgan syndicate, now negotiating for
| a large number of big manufacturing
| plants, including the Riverside. of this
city
THE acquisition of the Riverside
iron works, of Wheeling, w. Va, by the
National Tube Co., the projected
wrought iron combine, is considered
an important step in the ultimate sue
cess of the scheme.
"E. c. Converse, vice president and
general manager of the National Tube
Works Co, of McKeesport, Pa, is the
promoter of the project, and he now
possesses, it is said, options on four
teen wrought iron pipe plants. They
are, to a great extent, located in the
| iron region east of the Alleghenies. The
companies which will compose the COM
| bine will control at least 95 per cent o.
the output.
THE prospectus places the capital
! stock at $50, 000, 900, half of which will
be Z per cent cumulative preferred and
the balance common.
The constituent companies of the
proposed combine are the National
Tube Works Co., of McKeesport, Pa;
American Tube & Iron Co.. Middle
town, Pa, and Youngstown, o.: Penn
| ~sylvania Tube Works, Pittsburg, Pa:
Riverside Iron Work, Wheeling, w.
Va; Reading Iron Works, Reading,
Pa; Morris Tasker & Co, Philadelphia,
Pa; Spang, Chalfant & Co., Allegheny
City, Pa; A. NJ. Byers q Co., Pitts
burg, Pa; Ohio Tube Works Co. War
renton, O.; Syracuse Tube Works, Syr-
acuse, n. Y; Cohoes Tube Work, Co.
hoes, N. Y; Chester Pipe & Tube Co,
Thurlo, Pa; Longmead Iron Works,
Conshohocken, Pa, and the Western
Tube Works, Kewanee, Pa.
The only important concern which
has decided to remain independent of
the pool is the Tyler Tube & Iron Co.,
of Tyler, o."
Messrs. w. II. Frank, Isaac Hirsh-
berg and c. J. Beekman. of this city;
Gabriel E. Beekman. of Boston, and
NJ. NJ. Beekman, of Washington, d. c.,
have incorporated the Sanatel Tobacco
Manufacturing Company, with a cap
ital authorized to extend to five mil
lion dollars, for operations in this city.
Six thousand shares have already been
subscribed. The gentlemen have been
operating in a small way at Twelfth
and Water streets, but will, as soon as
possible, start a much enlarged plant,
which will be a welcome addition to
the industries of the city.
Several days ago the Register pub
lished a special from New York. mar
rating a rumor that the B. Il o. had
disposed Of a block of real estate in
this city for iron and steel manufactur-
ing purposes. The Register is advised
that this rumor has been confirmed,
and that the papers will probably be
signed on Monday.
Telegraphic advices received in the
| city yesterday chronicled the fact of a
further advance in steel billets, which
may now be quoted at s25 per ton.
This puts manufacturers who have low
ore contracts-and there are several
such in Wheeling-in a position to
make a very good thing out of the pres
ent bulge in prices, and mill stock will
be correspondingly good collateral.
The regular monthly meeting of the
Directors Of the Wheeling Railway
Company was held yesterday at the
Fort Henry Club, President T. H. Con-
derman presiding. II was stated last
evening that no business of especial
Importance was considered during the
session.
|
A special train OF FIVE cars carries