Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-10-31
POINTERS FOR THE BOARD
OF TRADE
A FEW 7

a vi Sdilt tuiS JCnif p'N 'HN
Are still full and the fall season of
4 1901 is remarkable for the great num-
Der of new industries that are being
built and projected throughout the
country.
OF these Wheeling wants its share
and should easily get them, for no 9TH
er locality is so we'll situated from
every point of view for manufacturing
establishments of almost every char
acler-especially iron and steel.
The present great boom throughout
the country has so increased the de-
mand for iron and steel products of
all kinds that the capacity of the mills.
both in the trust and out of it, have
been entirely unable TO supply it, with
the result that prices have been sent
skyward and additional mills in every
line of the trade have been projected.
Wheeling wants her share of these
new mills and now is the time to go
after them.
The Pittsburg correspondent of the
New York Journal of Commerce says:
In the steel industry there never was
time when it was hard to get billets as
it is now. The writer of this article has
personal knowledge of many finishing
mills that for weeks have been running
al a disadvantage. owing to short supply
of steel and in some cases mills have
been compelled to close for two or three
days at a time until enough steel had ac-
is no dou5t, whatever. but that serious
in steel melting capacity exists
can only be overcome by the
ing of two or three large steel
ats.
The same correspondent points out
HAT there is an enormous building
movement all over the country, and the
outlook is that more structural mills
Will have to be built to keep pace with
the demand II has been the policy of
the beam pool to keep prices as low as
possible, and by doing this TO encour-
age the use of steel in buildings, no
matter of how modest dimensions. The
tonnage in beams and channels and
other shapes this year will aggregate
possibly 100000 tons, which is fully
800 000 tons in excess of any previous
year.
The demand for bar iron is three
months ahead of the supply and prices
have been advanced enormously with
the result that two new mills have been
built by the Carnegie Company at
with n Of SOO 10
1000 tons a day.
The American Sheet Steel Company
is three months behind on its orders
and tonnage for sheets is pouring in TO
such an extent that it Will be six
months or more before the mills have
caught up on orders. Some of the in
dependent sheet mills have sold up
their entire output for the first six
months of next year and at prices that
will allow from SIS to $40 ton profit
Enormous sums of money have been
made this year by the Independent
sheet mills by reason of the high
prices of sheets. while the American
Sheet Steel Company is said to be earn
ing as much money as any of the con-
stituent interests of the United States
Steel Corporation. aside from the Car
negie and Federal Steel companies
Here is an inviting field for capital
and no section of the country presents
better advantages from every view
point than Wheeling as a site for such
manufactures-everything is here.
cheap sites, the very best of shipping
facilities in all directions ~ rail and
water and the closest proximity to the
raw materials. At the present time no
less than twelve to fifteen new sheet
mills are under construction. Four or
FIVE large sheet mills have been finish
ed, among these being Youngstown
Iron & Steel Roofing Company. at
Youngstown; Niles Iron & Steel Gem
pany, Niles; 'arkersburg Iron & Steel
Company, Parkersburg, and Allegheny
Steel Iron Company. at Natrona. Pa.
These four concerns will turn out about
400 tons of sheets day. and will be inn
portant factors in the market.
wheeling might nave secured some
of these mills had the advantages of
this district been early presented and
the matter pushed. Still there are 9TH
ers on the carpet which may be secured
by due hustling. There is not branch
of the iron and steel business except
possibly the making Of plates-that is
not pushed far beyond its capacity To
manufacture and new plants are imper-
alive. The present condition of tie
trade is most prosperous, and from
present Indications will continue %