Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-04-27
FOR A LARGE STEEL PLANT
Negotiations Pending in Which
the Diamond State Iron Co.
is said to be Interested.
ORE MAY Be BROUGHT FROM CUBA
Some Significant Information
Obtained on Mon day.
Capitalists From Other
Cities Said to be
Interested.

Negotiations arc pending which will
probably result in one of the most
important steel manufacturing con-
Germs in the country locating in this
city. As matter of fact, it may in
clude the Diamond State Iron Co.
Tn to the present time nothing deli
nito has been learned, but enough is
known to warrant this statement.
Howard 4. Wallace, general manager
OF the Diamond State Co. s plant.
when spoken to about the matter on
Monday, made significant admission,
but gave no facts,
When asked whether there was any
truth in the report that the Diamond
State Iron Co. was going into the
venture, he said: "Well, something is
pending which may be Of great interest
to the people of Wilmington in q few
days, but Just at present it is not in
such shape that anything can be said. "
For some time it has been reported
that tho Diamond State Iron Co. con-
teinplated going into the business of
manufacturing steel on large scale,
but nothing could be learned that
would positively confirm tho reports. 1t
| is also known thai capitalists in other
cities have been hero during the past
few weeks investigating Wilmington s
river front and making inquiry con-
corning the prices of land thereon and
| tins morning ii was rumored that
negotiations for the purchase of tract
were pending, and that the deal was
about closed. The tract is said to be
along the Christiana River between lis
mouth and the r., w. Il 3. railroad
bridge.
Some Of tho people who were hore
recently inquring about land arc said
to be interested in Cuban ore, which
is said to be superior TO most of the
ore obtained in tho United states, and
at the time they wero here it was be
lieved that they proposed 10 have the
raw material shipped from Cuba tc
this city. Recently the same people
were inquiring about the depth of thu
channel in the Christiana River, one
asking the question whether boat draw
ing q feet of water could be gotter
into the mouth of tho Christiana River
1t was pretty generally felt amooni
people who wore seen Mt the time tina
the plant would locate here and larg'
: industry with millions of dollars OIL
} capital would be tho result.
; As % matter of fact, the dredging o
INC OHrl5tlalla nus IruBIeonou ~ o"bio
, factorily that it will be- possible, il
: about two weeks for ships drawing 2
] feet to entor and proceed some distanc
up the stream, as far, in fact, US tn
> projectors would be likoly to locat
+ their plant. This gives riso TO tn
. belief that the matter is beginning t
$ assume shape.
, Cuban ore, it is said, can be brough
! to this city as oheaply as Lake Su
l perior ore can be taken to Pittsbure
t Pa. In fact, practical man said o
o Monday that six tons of Cuban ore ca
o be brought to Wilmington at the san
rate that five tons of the Superior OIL
!, can be hauled to Pittsburg. Th
= would give Wilmington the advantae
!. of having the finished material on ii
o water front and ready for shipment
Il any point on tho Atlantic Ocean.