The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-04
Statement by Judge Gary Showing
How the Great Concern VIII In
crease It's Earning Capacity.
100000 TONS MORE OUTPUT
WHEN PROPOSED CHANGES AND AD-
OPTIONS ARE COMPLETED.
Nearly Nine Million Dollars tn BE Ex-
pended at Lorain Alone I'm Con-
strucsing New Plants.


the board of directors of the United States
Steel Corporation to-day the form OF cir
culars TO be sent to stockholders I'm connec-
ton with carrying into effect c.e bond con-
version plan, was approved They will be
sent out during this week. The plan pro-
vides for the issuance of s250oo00o0 OF per
cent bonds, 500 100000 of which are TO be ex-
changed for $2O0.00O.ooo of per cent. pre-
ferred stock. Judge Gary, chairman Of the
executive committee, gave out an official
statement to the effect that plans which
have been under consideration and prepara-
ton for over year for harmonizing. ex-
tending and rounding out the various
plants, will be pushed forward with all
possible dispatch. the presidents of the
various subsidiary companies. who have
been in session here this week. having given
their final approval to the plans, which
provides for additions and improvements
to plants to cost more than s36.0Oo.0oo. IL
is estimated that when these expenditures
are completed there will be added to the
total capacity of the various subsidiary
companies 100000 tors of all products The
estimates in detail follow:
Illinois Steel Company. at South Chicago.
DEMONSTRATION of the new open-hearth
MILL 100000: remodeling the 2-inch plate
mill train, $4,000; additional heating ca
pacity at the rail mill. s2O0,00O: improvement
of the Bessemer department, $4,000; new
blast furnace blowing engines. s475.0co; for
repairing stoves at Furnaces to e. $4,000:
addition to machine shop and foundry. $780,
Co.,
Illinois Steel Company at Joliet, Ill.-Re-
modelling furnaces Nos i and 2 $4,000
o6d To nnn mil m a
dition TO the foregoing. sundry improve
ments of lesser magnitude have been au-
thoriZed at South Chicago and Joliet, at an
estimated expenditure OF $4,000.
AT THE TUBE WORKS
National Tube Company. at Mckeesport,
Pa.-The entire rebuilding of the present
rolling mills and tube mills, together with
the addition of one new blast furnace an
additional Bessemer converter and the in
stallation OF a new water power plant all
at an estimated cost of 50. 255. ee2. This i'm
provement will increase the production at
this plant of pig iron 10000 tons per annum.
Bessemer ingots 10000 tons per annum, of
the rolling mills $4,000 tons and of the
tube and pipe mills 100000 tons. The in
creased earnings which will result from the
additional capacity it is estimated will be
81. $4,000 per annum and that a saving will
be effected in cost of production of $,so5.ooo
per annum.
At Lorain. O.-The erection OF two addi-
| tional blast furnaces with accessory works.
| additional rolling mills and new tube and
pipe mill. all at an estimated cost OF $685.
| 096. These improvements will increase the
| of rolling mills 900 tons and for the tube
| and pipe mills 10000 tons. The increase
| due to additional production, IL is estimated.
| will be 81 500 600, while the saving in cost OK
producing pipe, as compared with the pro-
| duction of an equivalent tonnage at other
! mills of the National Tube Company which
| will be displaced by this Improvement. Will
| be equal to s1.5000Oo, total gain in earn
| ings of IS, 800 900.
In addition to the foregoing appropria-
| Company for sundry improvements at its
| Pennsylvania department, at Pittsburg. and
| the Riverside department, at Wheeling. W.
| Va, aggregating 1892, 400.
American Steel and Wire Company-vari-
| Gus improvements at the NewbErg steel
works, Consolidated works. American
at Central furnace docks, in the Cleveland
district at Shoenberger works. Rankin
works, Edith furnace. Neville furnaces. I'm
Kalb Rockdale, Scott-street and Anderson
works in the Chicago district. and at Wor-
cester, Mass. works and Allentown. Pa.
works to the aggregate amount OF A,535. 600.
SHEET STEEL PLANTS.
American Sheet Steel Company-The re-
building with modern equipment and build
|
Dover, o.: an addition to the polishing de-
partment at the Wellsville plant; the inn
provement of McKeesport works. at Nc
Keesport. Pa; the erection and installation
at vandegrift works. vandegrift, Pa. OF
improved and modern operating methods.
| all of the above to cost 1885, 900.
Carnegie Steel Company. at Homestead
works. Homestead, Pa.-The erection of an
| ID inc h.
| ment OF the 32-inch mill and OF the boiler
| plant, N.135,000
At Edgar Thompson works. Braddock,
/ Pa.-Addition to steel and iron foundry and
gfnes In place OF old and obsolete types,
| $4,000
AT Duquesne works, Munhall, Pa.-sun-
dry additions and improvements 10 exist
ing plants, $4,000.
National Steel Company-Additions and
improvements TO existing plants at New
castle: Pa Beiiaire. o.. and Youngstown.
American Steel Hoop company-Additions
and improvements at Isabella furnace,
Pittsburg. Pa. and at the upper Union
mills, Youngstown. o.. $4,000.
| American Tin-plate Company-1nstalla-
ton at various Of its mills OF modern and
improved methods of operation. 100000
III. G.. Fricke Coke Company-The devel-
opment of coke and steam coal properties.
including the erection of additional ovens,
s445 600 This Improvement. ii IL estimated.
will increase the productive capacity OF
coae $4,000 tons per annum and OF steam
coal 6hoO tons per annum
Mining comprehensive erection OF
crusher plant at Escanaba, Mich. 1f5slo:
with an annual capacity for crushing 5lovv
tons OF ore: also the erection OF additional
power houses. shafts and mining plants on
the Vermiion, Gogebic and Menominee
ranges, $4,000.
Transportation properties-Duluth. Mesa
ba & Northern Railway, additional loco
motives, the extension OF ore dock at Du-
luth, and sundry improvements at shops,
$543, S61.
Duluth & Iron Range Raiiroad-Sundry
improvements TO shops. bridges and line or
road, $751;
Chicago. Lake Shore Eastern Railway
Additional steel cars. sSDWo
| Pittsburg Steamship Company-The in
| stallation of steam towing machines on
bridges and the alteration and Improvement
of fleets. $2oS.o0
The improvement on unloading machines.
$4,000.
Judge Cary's statement says il is esti-
| mated "that under normal conditions the
Increased earnings from these increased
| and Improved character viii be about
AZ 100000 year. and that here VIII be a
saving I'm manufacture OF about 100000 a
| wear or a total OF something like $4,000. 900
a year added TO the profits of the several
subsidiary companies.
Total Deaths from the Plague.
MAzATLAN. Mex, March s-The num-