Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1899-03-05
LOCAL LABOR NEWS.

community"
LOCAL LABOR NEWS.
On Thursday at noon Vice President
A. B. Carter, of the Beliaire Steel
Company, returned home from Chicago,
H., at which city he was engaged tor
several days transacting quite num-
Der of business matters, which brought
about the consummatiOn OF deal,
transferring the big Bellaire steel plant,
as far as quite large majority OF the
stock is concerned, into the possession
of the National s,-eel Company. The
amount of money involved In tae trans
fer of the stock was about $2,l50, QUO.
However, only about two-thlrds OF TINS
amount, which is equal to about 81, 49,
1888 1-2, is to be received In cash by
the Bellaire stockholders, owing to the
fact that about One-third OF the IN
volved amount has been taken in stock
in the National Steel Company, by the
Bellaire stockholders. A number OF
the Bellaire capitalists, the majority
of whom owned the controlling inter
ests in the works, subscribed for stock
in the National Company, and this ac-
ton on their part was IN accordance
with stipulations as set forth IN the
articles of transfer. Within "a day OF
so, the final settlement of the transfer
will be made by Mi. Carter, who, acting
in the capacity of the Bellaire Steel
Company's representative in. the Ma
tional Company will pay to lhe major
ity of the Bellaire stockholders, the
various amounts of money as derived
from the selling out of their respective
shares of the stock and also present to
other stockholders the necessary docu-
ments countenancing their respective
shares of stock, as taken in the Nation
al Company. AS is generally known,
the sale of the Bellaire steel works in
volved $750,000 worth of capital stock,
selling at $26666 2-3 per share of 500,
aside from what was given in lieu OF
earnings, which made the stock actual
ly sell for $3.50 per share.
The steel plant at the Riverside steel
and iron works at Benwood was start
ed up last Monday, after having been
idle for week past, for the purpose OF
undergoing repairs and improvements,
and is now being operated with full
force of men in all the departments.
The blooming milf department be-
came active on Monday morning and
the converting department resumed OPP
erations Monday night During the in
activity at the plant, small repairs
were made generally and a new sec
ton of steel plate was placed under the
blooming milf engine.
Last Monday night the steel plant at
the Wheeling steel and iron works at
Benwood, resumed operations In full,
after having been imperative for
about five weeks, undergoing extensive
repairs and improvements in the var
ious departments. The chief improve
ments made at the plant during the
idleness, were the placing of new
foundation and new bed plates under
the blooming milf engine and the At
ting of a new rocker in the blooming
engine.
A large force of men are now en-
gagged in the work of remodeling the
Deyarmon building at Bellaire.
A special meeting of the directors Of
the Enterprise Enameling Works at
Bellaire was held on Tuesday after
noon at the Office of the mandatory.
The resignation of James Du Bots as
secretary Of the company was accepted
with regret and U. G. Fletcher, form
erly secretary of the Novelty Stamping
Company of Bellaire, was appointed to
fill the vacant position.
The tube department at the Riverside
steel and iron works was put in oper-
alton ON double turn last Monday in
order to meet the demands of large
increase in the number OF orders put
on file The department will continue
to run in such manner for an indefn-
going repairs, and believed furnace
No was started up recently, after
having been off for a short time, under
going repairs, and bell-wald furnace
No. has been closed down, in order
that it may be made wider and fitted
with a new bench.
A new company, composed of a num-
Der of men, residing at different points
in Eastern Ohio, at the head of which
is James Wise, formerly professor at
the GAINESVILLE canning factory, has
been formed for the purpose of putting
up a large canning factory in one of the
Eastern Ohio towns. Under the direc-
ton of Mr.. Wise, there is no doubt
that the new project will be carried
through with success. The company
started out with the intention of locat-
ing at Bellaire, but later changed their
plans after having learned the prices
demanded for promising 6ites for their
h,,siness in that city. The G8mDany have
been actively engaged for some days
past in looking about for suitable To-
cation for their proposed mandatory