The age-herald., 1901-11-25
Republic Iron and Steel Con- pany is Said to be h.
 tereSted
OFFICIALS HERE DENY 1T
Also Intimated That Sloss Sheffield Iron and Steel Company VIII
 or Has Been Taken

1editlulS COHll1lbC lO llOdl dDOuL InlS QlS- trict and in the offices of Wall street brokers regarding the new steel combine which it was announced would be formed in New York. Local companies deny any connection with the purported trust Notwithstanding this fact, however. statements are being made in New York that companies owning property here are interested in the movement but gives some possible information relative to the part to be played by Alabama companies
 Tt was intimated 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 Blymer, Hobbs & Stover has been prominently mentioned. MT. Prick has been in the city some time. He is inter- ested In number of iron and steel con cerns.
 Tt Is said that the Republic Iron and Steel Company, as we'll as the Sloss-S field Iron and Steel Company. Youngs- town Sheet and Tube Company, Susque- hanna Iron and Steel Company and a number of blast furnaces in the Mahoning and Shenango valleys. have all been represented at the conferences at the Waldorf-Astoria. s~
 The outcome of the meetings is uncer- tain, as negotiations have not developed anything definite in connection with the merger. The Colorado Fuel and Iron Company. Tennessee Coal. Iron and Rail- road Company sharon Steel Company and Jones & Laughlins, Ltd, of Pitts burg, have been mentioned in connec- tion with the proposed consolidation. but 1t 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 possible subsidiary company at the consolidation, but negotiations were sev- cred short time ago.
 officials of the ShaI on Steel Company and Jones & Laughlins. Ltd, deny that they intend to join hands with any other concerns with the object of consolida- tion 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 certain grades of finished products. Before July 1 of next year 1t will have In It's employment not less than 5000 skilled men. The Jones 6 McLaugfilins, Ltd, is capitalized at $2O.- 100000, 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 Mahon- ing and Shenango valleys have an output of large percentage of the iron pro- duced Is purchased by the United States Steel Corporation. In fact, it is the larg- est customer of the Mahoning and Shen- ango valley furnaces, and these sales are used as a basis for regulating the Bessemer pig iron market of western Pennsylvania.
 "The oYungstown Sheet and Tube Com pany Is a 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 $14,2o .000 of which s6, 100000 is preferred and $7.50O,- 900 common stock. Its funded debt aggre- gates s. 1s5,0000.
 '"rhe Republic Iron and Steel Company has an authorized capit alization of $25.- 00O 900 common and $30000,000 preferred. Of that amount s2o.s52, ,OOOo is preferred and s27,s5S,oOO common, or total of s4s, 2O4. 900 shares. are outstanding Its plants are To- cated in Alabama, Ohio, Indiana, Illinois. Kentucky, Minnesota, Iowa. Michigan and Pennsylvania. Among the New York directors are August Belmont. Grant B. Schley and George R. Sheldon.