Arizona republican., 1901-11-29
NEW STEEL COMBINE
Mir. Tricks Relation to Ii
 Conjecture
The Outcome is Uncertain-The Officials of the Larger Companies and the Merger Plan.

New York, Nov. 2s.-It was intimated today that H. c. Prick. at one time a business associate of Andrew Carnegie, is interested in the mysterious steel combine, with which the law firm Of Blymyer, Hobbs & Stover has been prominently mentioned. MT. Prick is interested in a number of iron and steel concerns.
 It is said that the Republic Iron and Steel company as well as the Sloss- Sheffield Iron and Steel company. Youngstown Sheet and Tube company. Susquehanna Iron and Steel company, and a number of blast furnaces in the Mahonins and Shenango valleys, have all been represented at the conferences at the Waldorf Astoria.
 The outcome of the meetings is un- certain, as negotiations have not de- veloped anything definite in connection with the merger. The Colorado Fuel and Iron company. Tennessee Coal and iron company, Sharon Steel company and Jones & Laughlins. Ltd, of Pitts burg. have been mentioned in connec- ton with the proposed consolidation but it is not likely that any of them will number among the constituent plants of the combine. The Colorado Fuel and Iron company was at one time regarded as a possible subsidiary company of the consolidation. but ne- gotictons were severed a short time ago.
 Officials of the Sharon Steel company and Jones & Laughlins. Ltd, deny that they intend to join hands with any other concerns with the object of a consolidation in view.
 The sharon Steel company is one of the most important concerns of its kind in the United States, and is regarded as the most formidable rival of the United States Steel corporation in cer- tain grades of finished products. Be- fore July 1 of next year 1t will have in it's employment not less than 5000 skilled men. The Jones & Laughlins Ltd, is capitalized at SEQ. .OOO. .00O and is looked upon in iron and steel circles as one of the foremost steel concerns in the United States. The names of the blast furnaces and companies that are considering the question of selling out to the new steel combine could not be learned today.
 The merchant furnaces of the Ma honing and Shenango valleys have an output of something like 5.o00 coo tons year, and a large percentage of the iron produced is purchased by the United States Steel corporation Tn fact 1t is the largest customer of the Mahoning and Shenango valley fur naces, and these sales are used as a basis for regulating the Bessemer pig iron market of western Pennsylvania
 The Youngstown Sheet and Tube company is new enterprise controlled by the Wicks of Youngstown Ohio, and certain ex-officials of the United States Steel corporation. The Sloss- Sheffield Steel and Iron company is capitalized at $14.2000 GOO. of which SC, FOG, 900 is pre- ferred and s7.5OO. GOO common. stock. Its funded debt aggregat tes s3. 1855, 900.
 The Republic Iron and Steel company has an authorized capitalization of S25.O0O.O00 common and s30, 900 900 pre- ferred- Of that amount o.s52. 900 pre- ferred and $27, 1852. 900 common, or a total of S4S.204 OOc shares. are outstand- ing, Its plants are located in Ala bama. Ohio Indiana, Illinois Ken lucky, Minnesota. Iowa. Michigan and Pennsylvania. Among the New York directors are August Belmont, Grant E. Schley and George R. Sheldon.