New-York tribune., 1900-07-01

with a continuous, unobstructed deep water
passage from point to the other, the run
ming into the steamers hold from the pier at
Wabana and being hoisted out at the pier at
Sydney. only a few yards from the ruddy
mouths of the blast furnaces into which it is to
be fed. No other similar industry in any part of
the world show such a combination of
favorable conditions for the actual production of
the commodity. in addition to which there is the
equally important fact that Sydney is a deep
water port thereby obviatng railway transport
and that it is only 2,1OO miles from England
whereas New York is 300. By comparison with
the American smelters in Pennsylvania and
further west, and taking into account the rail
road freights to the American seaboard, well
as the increased cost of ocean transfer, it is
pointed out that the product of the Sydney
smelter will be able to undersel that of any
American competitor in the iron centres of
Europe.
The Wabana mine is not the only deposit OF
its kind in Newfoundland, and at several
other points in Conception Bay, where Belle
Isle is, discoveries of the mineral have been
made and the properties prospected by the Whit
ney people and others Interested The result
has been to prove that the region is very largely
mineralized, and that many workable veins OF
hematite exist, the development of which will be
undertaken by large English concerns within a
year or two The Spanish ores now much
used in England beginning to fail, and the
securing of others within reasonable distance of
the manufacturing centres has become a neces-
sity. Cur hematite region should MI the bill,
as it is only l. 80 miles from the English coast
A DUPLICATE PLANT TO BE ERECTED
But while these projects are more or less EN-
bryotic. that at Sydney is an actuality-so much
so, indeed. that duplicate plant is to be erected
at North sydney a sister town. The first is now
almost ready for the never ceaSing furnace fires
to be lighted. The plant will be the most com
Ilete Of it's kind in the world for the promoters
Will have the experience of two continents tc
profit by. 1t viii perform every process in th=
allied arts Of iron and steel making, the uiti-
mate forms of the latter-steel rails. structura
pieces and ship plates-beng produced. The by
products Of the coke will also be saved and con
ve1ted into marketable commodities. -Four bias
. furnaces. each with capacity Of four hundred
tens daily. are installed. as well as five hundred
overs for the manufacture of coke. Steel mill
blooming outfit, rolling mill-everything essen
taI TO the supply of the perfected products il
this Iine-WiII be installed, and the entire plan
will cost 81 900 600. The company is capitalized
at $4,000 600, provision being made for enlarg
ing the plant if required, and also for the add
ton Of a complete shipbuilding plant if it /.
found desira bic when the smelling enterprise il
in full working order, to undertake the construc
ton Of iron and steel ocean ships in proximity
to the smelters. The situation is admirable fol
this purpose, and indeed. formed one of the
, reasons why Sydney selected as the home
@! the enterprise. The harbor is large, deep, ca
pacious and easily accessible, and, as it is at th
entrance TO the Gulf of St. Lawrence and is
coaling port for ocean shipping passing in anC
out it's advantages are many and of a character
TO impress investors strongly.
The launching of such enterprise as this
in an entirely new centre and with such AZ
array Of favorable circumstances in t1 behalf
cannot fail to be the occasion Of much serious
thought by those concerned in similar indus
tries in the United States That the Sydney
/ Project has come to stay is certain; the name o
Henry NJ Whitney as its president is the bes
! proof of that and it is equally assured that i
viii be a formidable competitor for existing
I nanufactCTies It's output-ahout six hundred
| thousand tons Of pig iron and probably three
hundred thousand tons of steel a year-will b.
! sufficiently large to affect the markets and in
1uence the prices for standard qualities. ant