The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1901-04-12
CANADA'S AMBITION
TO RULE IN STEEl
Dominion People Believe Thei1
Country Will Yet Control
the Great Trade.
CAN Be MADE CHEAPER THERE
Revelations as to Cost Mt Different Places
ON the English sids of the Lino-Fear |
81 American syndicate's Control
Not So Grave a. 1t Was.

w S"U AnBAsh Sido OF the A.inc-Fear
u American syndicate's Control
Not So Grave a. 1t Was.
Ottawa Canada, March 23.-Canada's
coming supremacy In the worlds met-
ais manufactures Is taken for granted
mere. 1t Is constantly asserted in par
lament, In committees, In deputntionsl
IN hotels, and everywhere else. Mr.
Moxham's estimate of the cost OF
production at Pittsburg and at Sydney
cape Breton, started the ball rolling.
Mr. MoNham, who is the general man-
ager OF the Sydney plant OF the Do
minfon iron and steel works. gave de-
tailed figures. This statement showed
canada could export steel to Europe So
ton cheaper than the United Statesj
Later this estimate was disputed by
american experts, who, however, adj
mitted an advantage of Sydney to the
extent Of 81 a ton. =
claimed the Sault Ste. Marie, Ont.
plant could make steel to greater adj
vantage even than 1t. could be produced
az sydney, and manufacture on condi-
Hons that more than counterbalanced
the difference of freight in favor Of
Sydney Tor the English markets.
Under such circumstances II mrI
the Toronto meeting that the Morgan
syndicate had acquired co;ltrol OF the
sydney plant. although the price al,
legged to have been paid, $50, 900, 900. wa.
stasgerer. A feeling Of strong red
sentiment foated over the country at
lne reported steel deal. Figures were
published showing that II the Ameri,
can Steel company got control OF the
Canaoian concern at Sydney 1t would
be In position to throttle Canada =
!naustry. 1t was shown that the boun-
ties payable by the Canadian treasury
alone would yield a good dividend on
.ne entire patd-up capital of the Amer
,can amalgamated plants, and those
bounttes might reach the sum OF sion,
100000 in seven years. ~
one OF the effects OF antaponisn,
aroused was quickly seen In the denials
given to the reported sale Of the svd-
ney plant>to the Americans. These de-
malls were followed by the interviews
with E. H. Clergue OF the Sault ste,
Marie company. which soothed fha
public feeling 1t set forth that ..if the
american combination were to ACQUIRE
ownership of the Sydney plant and Of
the Sault Ste. Marie plant the new
owners would be sure to find they
would be bound to conduct them first
In the interests OF Canada and next
IN the interests Of Great Britain" And
the American combination can ACQUIRE
the Canadian plants will be that they
shall carry out the Canadian undertake.
Ing as now projected This .inter-
view was given out after Mr.. Clergue
had been In consultation with cabinet
ministers here.
In spite Of President Whitney's rel
peated denials Of the story that nego
tiations are on foot for the purchase al
the Dominion Iron and Steel company
by the Morgan syndicate, the story ID
generally believed. 4
According to q calculation, the Syd.
ney concern will earn IS ton boun-
ties on Its 100000 tons output in q
year--namely: 81 ton on the pig
iron made from Newfoundland ore
(Which would be IS ton IL the ore
used was Canadian) and So ton on
the crude steel. At this rate the plant
woul earn $2,500,00O on the years out-
put.
Cramps 70 start Plant.
The Cramps Of Philadelphia, Charles
D. Cramp and William M. Cramp, as
scctated themselves with F. H. Clergua
Of the Sault Ste. Marie plant to pro-
mote a steel plant for Collingwood,
one of the most convenient places in
Canada on the great lakes for assemb-
ling raw material for conversion intd
steel products and shipment OF the
manufactured article. A bonus Of $115.-
zoo and site were given by the town
The work was to begin early in the
spring.
The Lake Superior Power company,
owning the Helen mine, has offered to
supply ore for the Collingwood fur
naces. Walter Kennedy, the consult
ing engineer, said there was also pro-
posal of Pittsburg men to start wire
rod mill at Collingwood.
The Canadian Steel company consists
of proposed works to be operated at
Welland, Ont. the original promoter
being, according to a Pittsburg report,
e. M. Butz OF that city. z. A. c. Pew,
who undertook to put the affair
through. is leaving fer England, it il
stated, to close the sale Of $4,000, 600
bonds Of the. company which has al
ready been arranged for. Mr.. Pew ia
quoted as saying r. H. Clergue is back
ing the enterprise.
AT a meeting OF capitalists In London
It was positively settled that an ANAL
samatiOn of steel and other interests
should be effected. to include the Cana
dian Steel company, the Lake Superior
Power company, the American Sheet
Steel company. the Otis Steel company
and the Wellman Seaver company Of
Cleveland, o.
Shortly after the London meeting
there was a meeting of organizers Of
the Canadian Steel company in New
York. and It was given out that the
work would certainly go on and the
capital would be Sls.000.o 600.