The age-herald., 1899-05-04
THE ROLLING
 MILL TRUST Formally Incorporated in New Jersey
 Yesterday. THREE LOCAL CONCERNS IN Republic Steel and Iron Company is the Official Name.
CAPITAL STOCK IS $55, 900
Effects of Combine Already Felt Here Both Rolling Mills Closed to Take Stock = Rumor of
 Another Furnace

Age-Herald from New York last night, the Republic Steel and Iron company filed in- corporation papers in Trenton, N. J., yes terday. It's capital is s55,OOO,OoO, divided into 55000O shares of $100 each. Twenty-Five million dollars of the capital stock is pre- ferred, bearing per cent. interest and payable quarterly. The principal office is given as S3 Montgomery street, Jersey City,
 The incorporators are Thomas Mills Day, Jr, Hamilton H. Durand, Edwin c. Hotter. John J. Treacey. The addresses of all are given as "Jersey City" Each of the incor- porators owns but ten shares of stock. showing that they are merely figureheads, probably clerks in the lawyers employ.
 The company's charter will permit 1t to produce and deal in iron and steel mine ores, construct and purchase pipe lines and operate the same, so that water, gas and electricity may be utilized. Furthermore, | the company can build railroads and oper- ate canals.
 A meeting of the representatives of the constituent companies of the concern was to have been held at the office of Simp- son. Thatcher and Barnum, it's attorneys, No 10 Wall street, yesterday, but was post poned until today, when the election Of officers will take place and the plans ma- tured for final organization. The Concerns That Are In It
 The following are the industrial plants already included in the combine. There are thirty-ave of them in all The Andrew Bros, Co.,, the Brown, Bon mel Iron company; the Mahoning Valley Iron company of Youngstown, O. Cherry Valley Iron Works, Leetonia, O. Atlantic Iron and Steel company, New Castle, Pa.
 lake Erie Iron company, Union Rolling Mill, Cleveland, O. The Corns Iron and Steel Company, Mas silon, o.
 The Toledo Rolling Mill company, Toledo. Mitchell, Tranter Co.,, incorporated, Cincinnati
 The Eagle Iron and Steel company, Iron ton, o.
 The Indian Iron company, the Muncie Iron and Steel company, White River Mills, Muncie, Ind
 Union Steel company, Alexandria, Ind.
 The Marion Steel and Iron company, Westerman-Stewa Iron company. Marion,
 Wetherald Rolling Mill company, Frank ton, Ind.
 Indiana Forge and Rolling Mill company, New Albany, Ind.
 The Central Iron and Steel company, Brazil Ind.
 Wabash Iron company and Terre Haute Iron and Steel company, Terre Haute, Ind.
 Tudor Iron Works, East St. Louis, III.
 The Springfield Iron company, Spring field, III.
 Inland Iron and Forge company, Chicago
 Sylvan Steel company, Moline, III.
 Minnesota Iron and Steel company, Min reapolis.
 Birmingham Rolling Mill company, Ala hQf pA1tf Mining and Manufacturing company, Bir- mingbam, Ala.
 Cambria Mining company, of Michigan; Iillie Mining company, of Michigan.
 Franklin Iron Mining company, of Min nesota.
 Connelsville Coke company. Pittsburg. Pa, and Croton Lime company, New Cas- tie, Pa.
 It is reported that at today's meeting in New York arrangements will be made for the purchase of two or three bar steel plants which were not included when the combine was first effected An attempt will also be made to draw on the reserve pro- vided for in the financial plan for the pur- chas of several small ore mines in the Lake Superior region. Mills Close Down
 The effect of the combination has already been felt in Birmingham; in fact, it has been felt in a very practical manner ever since Monday morning. The entire plants of the Birmingham Rolling Mill company
 and the Alabama Rolling Mill company are
 closed down this morning, and will remain so for at least a week.
 Orders were issued at the Birmingham mill yesterday afternoon for all depart
 ments of the mill to cease work for such a xrin ba
 stock of the concern, preparatory to a formal transfer to the Republic Steel and Iron company. It is not known just how long it will take to complete this work, but it will probably be about ten days This mill would have closed down at the be- ginning of the week had there not been some legal formalities to be gone through
 with This property has been In the hands of a receiver for several months past, and l the mill could not be closed down without first obtaining permission of the court. | The Alabama Rolling Mill at Gate City
 has been closed down since Monday, and | the work of taking stock is now being car | ried on at that plant also. The information | is, so far as can be learned, that both of
 the rolling mills will be put in full opera l tion again just as soon as the work of talk | ing stock is completed. 1 Very little information can be obtained | in regard to the furnaces of the Pioneer l company at Thomas; that is, whether they are to be closed down temporarily or not. l Properly speaking, there is only one of the l two furnaces that will be put out of opera
 tion just now. as the other one is being | repaired. May Erect Another Furnace The rumor that the trust will erect a | third furnace at Thomas to be operated | in connection with the present furnaces of | the Pioneer company. continues to be heard