Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-06-23

UAtAQM 4Lf0u3n0ut tne S
An Interestinw Review ~ the
steel and Iron Observation-Disclosures
Notes Relative to Labor Matters
In This Portion Of the Country.
There Is little to note in the way Of
detail in local labor and industrial mat
tiers. Everybody appears 10 be busy, and
the indications are that this state Of at
fairs will continue indefinitely. All the
plants. big and little, are working full.
and many OF them continue to report
that they are behind with orders. AS a
result, the summer stops may be some
! what curtailed.
Below will be found an interesting
resume of new developments in the iron
and steel industry. taken from the spe-
cial Pittsburg correspondence of the
New York Journal of Commerce:
Ut is reported from a very reliable
source that a concern will be launched
in this city within a rev days with a
capital stock OF about 81, 100000, n
will be known as the American Roll &
Machinery Company. This concern
proposes to absorb the business OF
Lloyd Booth & Company at Young
town, O., Frank Knee.and Machinery
Company and Lincoln Foundry Com
pany at Pitt5burg. These concerns
make rolls of all kinds and also rolling
mill machinery, and each concern has a
very large works. The demand for roll
ing mill machinery of all kinds and tin
plate and sheet mills for the past two
or three years has epeen enormously
heavy, and the three concerns mention
ed above all have made a great deal Of
money. Isaac NJ. Frank, of the Frank
Kneeland Company, is very active in
promoting this new enterprise, and SO
Is Cts Childs, who is president of the
Lincoln Foundry Company. There are
in the Pittsburg district a number OF
| other concerns making rolls and build
ing rolling mill machinery that nay
possibly be included in this consolida-
tion some time In the future, but for the
present they will remain Independent.
Among these are the Mesta Machinery
& Foundry Company, A. Garrison &
Co., Seaman, Sleeth & Co.. Lewis Foun-
dry & Machine Co., and the Duquesne
Foundry & Machine Co.
1t has been told before in these col
umns Of the deal made with the above
concerns by the American Tin Plate
Company and the American Sheet Steel
Company, by which they agree not to
build any tin plate or sheet mills for
outside parties. Every one of the above
concerns receives a stated sum annually
from the tin plate and sheet combines
in consideration of their not building
new mills for outside pal Ties that would
result in competition for the Tin Plate
n Sheet Company. However, the eff
forts Of the tin plate and sheet GEM
bines to shut out competition have not
been successful. The wheeling Mould
& Foundry Co., at Wheeling, w. Va, is
getting ready to go into the business Of
making rolls and rolling mill machin-
cry, while the Braddock Foundry & Ma
chine Co., at B%raddock, have been in
the business several months. This latter
concern took the contract and built all
the rolls and four sheet mills for the
Youngstown Steel Roofing Company at
Youngstown, O. The same concern re-
Gently took an order for the building
Of ten tin plate mills to be built by an
independent concern in the Chicago dis
trict.
There promises to be very warm COM
petition in the sheet and tin plate bus
mess within the next year or two. No
less than a dozen sheet concerns are
now putting up new mills, and several
OF these will be ready to start before
long. Probably the largest sheet mill
enterprise under way is the Youngstown
Iron, Sheet & Tube Company at Youngs-
town, o. This concern started out with
a capital stock of 81, 900, 900, and with
the intention of putting UP six sheet
mills and also a plant for making tu-
bular goods from iron. However, the di-
rectors OF the concern, among whom are
J. A. Campbell and Col. George d. Wick,
two of the best known men in the iron
business, have held a meeting in the last
few days and increased the capital stock
from $ 1000, 900 to $4,000, 600. This extra
million dollars will be used by the con-
Germ in the building Of a large blast fur
mace at Youngstown, and it is also prob
able that they will build ten or twelve
! sheet mills, instead of six. 1t is also
likely that the concern will put in a
steel plant, as it is the intention to make
themselves wholly independent of the
outside market for raw materials.
There Is to be a further increase in
the number of blast furnaces in the
Pittsburg district. The Union Steel
Company, who will soon have their rod
and wire mills ready for operation, will
at once commence to build a large blast
furnace capable of turning out at least
five hundred tons of iron per day. This
iron will all be used in a steel works
which the firm will build at Donora to
provide steel for their rod and wire
mills. At the present time there are no
less than seven blast furnaces being
built in the Pittsburg district. Two CT
these are being erected by the Carnegie
Steel Company at Rankin. and will be
known as Carries Nos. 3 and 4. The st.
Clair Furnace Company are building
three furnaces at Clarion, and Jones
& Laughlin are building a fourth Eliza
stack and the Union Steel Company one
stack. Those four furnaces will make
about 1000 tons of iron a day. increas-
ing the output in the Pittsburg district
about 1,o00.00 tons a year.