New-York tribune., 1903-03-04
TO SPEND s36,OOO,OO.
o. S. STEEL OUTLAY:
Vdst Improvements Schcmed-BOnd
Conversion Plan ApproUed.

board Of directors Of the United States Steel
Corporation. ex-Judge Gary, chairman OF the
executive committee, gave out & statement an
nouncing that the bond conversion plan, the
last obstacle TO the carrying out OF which was
removed with the unanimous decision of the
Court Of Errors and Appeals OF New-Jersey on
February 5, IN the Hodge, -Curtiss- Smith case,
would now be put into execution. and that
form OF circular to be sent to stockholders. re-
lating to- the plan had been approved by the
hoard. Continuing the statement outlined in
detail plans FOR vast betterments among the
corporations plants, the aggregate cost OF these
improvements being estimated at more than
S36000000. comparing with previously pub
lished official estimates Of about $25OOOOOo
ADDITIONS AND IMPROVEMENTS.
Ex-Judge Gary says:
and %hG nxf Re for oTr year for
harmonizing. extending and rounding out the
.arOgs PIsns isnSfc M no" Oe p0SeO WIFI
The presidents Of the various Su6sidisTy @ con CON
have given their final approval TO these plans'
ILLINOIS STEEL COMPANY, AT SOUTH CHI
CAGO. I'LL. $5,O70,OO0.
The construction of the new open hearth furnace
Plant boSmne @ nd @ Plshng bs pia69 i E m
ne c,,,nTf abo1T 400 900 tons Of structural steel,
bets and plates per year Remodeing the 1S2-inch
This This Improvement imp Will increase the, tOnnsgs Of
plates about 7a.000 tons per year Addi1onel neat
IF s soaoS rhs improvement cs viii result in
nsnt s e t5s eitlsssa ,a62sssa
the product about 1000 tons per month; New
blast furnace blowing engines at an estimated
order increase the capacity and this o vii. & be
accomplished to the extent OF a9Gns a No ot to
at ESSF n etf@ated cost Of $4,000
machine shop and foundry: at an estimated cost
ny of he eyT0v of
ILLINOIS STEEL COMPANY. AT JOLIET. ILL.
s.47oOoo.
Remodelling blast furnaces Nos. and 2 at an
estimated cost Of 100000. The improvement con
e1e9 saving Ree IN % cost Of snufacture Of iron
co SonTeTts vert ss 10 mil ess at an 's esRste cost $4,000
This m tss Il sstS Is fbo9ssnd toms
and. in addition, will effect saving In cost OF
PoTemens Of lesser magnitude have been author
ized al South Chicago and Joliet, at an estimated
expenditure Of $42o,ooG
NATIONAL, TUBE COMPANY, AT M'KEESPoRT.
PENN. s,cS5.662.
The entire rebuilding of the present rolling mills
and tube and pipe mills. together with the addition
q one blast furnace an additional BessemeT aI
power plant; all at an estimated cost OF
this plant of pig iron 10000 tons per annum BeSse-
mT ngos 1eO tons per I snnI nun d OF the na rG1ns s
100 f0o tons The increased earnings which will re-
III o5s :o gs SFSaso st sE
snHun.
AT LoRAIN. OHIO $la7S.CS6
The erection Of two additional blast furnaces
with accessory works. additional rolling mills and
e nsS % sSss 1rR ese sepf mroveents l s T " viii ncTs
iSa ii1 cS tons and Of the tube pipe mills
son tons f Is f E fRe be %hie
saving in cost Of producing pipe as conpdaeu br T1t
mI NH Of ihe NaonaI TUBE Company. which TiI
BE b m aSDaGed 3 tsI ~ tRas Fsn i eaTng Of In
addition the FOREGOING apProPriations were YER an-
dry Improvements at its Pennsylvania department:
itisbuTg and the RysTside5 SD degsrsRt m TRt n at
creased Capacity which viii result from these inn
the amount of and s51 the oo: saving Fs6tsi RY
gain in earnings of $4,000 per annum.
AMERICAN STEEL AND WIRE COMPANY.
Various improvements at NewbuTg Steel Works
Consolidated Works American Works works E14nase T9naIa1
Docks, in the Cleveland district; at shoenberger
Furnaces. in the Pttsburg district at Waukegan;
"hsl0i in T6e Shtcago district and at Worcester.
Mass works and Ailentown Penn: MoPKSs 10 I
authorized as above cover additions and improve. e.
nenls TO existing @ IaEes & sne eaTn 6V Of
ating OF s-2S6OOO per annum,
AMERICAN SHEET STEEL COMPANY. $3.50
The rebuilding. with modern equipment and build
imgs of the Canal Dover plant: at Canal Dover
ohio addition to the polishing departImeRt p at
f'"T1 work. at McKeesport Penn: the erection and
Tenn Of improved and modern operating methods:
an of the above at an estimated cost Of $500
These improvements, It is estimated VIII increase
thc capacity about 1900 tons per annum'
CARNEGIE STEEL COMPANY. AT HOMESTEAD
WORKS. HOMESTEAD, PENN. a.1s5.ooO
Tho erection of an additional 14O-inch plate mill
I.oiler plant: all at estimated cost OF $llS50W
These improvements. 1t is estimated, will increase
crease the earnings about $4,000 per annum.
At EDGAR THOMPSON WORKS, BRADDoCK,
PENN, $Z75.OOO.
Addition TO steel and iron foundry and installation
cr TcR and modern blowing engines, IN place OF
:37sooa Ths Improvement, Il Is estimated will tII in,
the capacity about l6o9 e,Soo JoHS per = aInu
AT DUoUEsNE WORKS. MUNHALL. PENN.
$SeOOO.
sundry additions and improvements to existing
plants at an estimated cost of $SSorOoG
NATfoNAI. STEEL COMPANY. H.5S2.oOo.
Additions and improvements to existing plants al
ohio al at estimated cost of $15S2ooo These
inpTov will fncre3se the earnings IL Is esu-
mated to fEe amount OF $Sl5'VOO per annum'
AMERICAN STEEL HOOP COMPANY. sSS5!Ooo.
ddiijops and improvements at Isabella Furnace,
IlIIseuTg a ,,i dnc III IN AZ an testimated cost Of
SssJ 00. Those improvements VIII increase the ca
pscity aboIt 200 ions per month
AMERICAN TEMPLATE COMPANY. $l.0OooCo.
The installation at various of its mills OF modern
and improved Fnetnoos M & oi rt fmnrcvement con-
templates the instaI IIatIon of recently neVeIopeu
methods Of manufacture OF tinpiatc-
II. C. FRICK COKE Co. sH5!cO.
The Development coke and steam coal pr2s Pr9g-
eTtieE including the erectidn ed aduGi1i1 G iDrove