The indicator., 1904-08-06
|StockhoIders in c. F. & !. 70. Coming to an
Understanding Regarding the Future
Policy of the Steel Works.
PURCHASE OF WYOMING IRON MINES
something About the Operation of the
Rolling Mills and a Peep into the
Future.
DECIDED ON DEFINITE PLAN

Several have tsnspred that
Co. has decided definite of action
Ey will be Of progression
being by stockholders the
indication management
expecting opposition expansion
matters understood and that requires only meeting of the
krhOlders to ratfy oil the proceedings
PURCHA Sc OF WYOMING
purchase Wyoming aR-
10000 and of $5OOOO the best proofs
mutual has been arrived proceed the
Ting the steel works.
Heretofore the Sunrise Hae worked
the Co. becomes the and that the mines
developed and greater amount of shipped the plant
The also developing its Utah iron mines and making
rey for railroad leading to the
LOOKING AFTER OTHER PROPERTIES
The D. R. G. railroad surveying line country
h Contact mountain where lie rich deposits The D. G. is
ADJUNCT to the Co., and they working together in this
% The steel works the and the railroad people want
and 30 1t t" their mutual interest that they
10 deposits
The using from three states viz Colorado
and New Mexico from Utah will day added the
These well mixed before going into the blast furnaces the
that demonstrates the best results thus be obtained
INCREASE IRON
With increased increased blast furnace
y greater production pig will be had and
% that will eventually come in and add to the volume Of smoke
TURNS ATTENTION TO WATER SUPPLY
The hs again turned it's attention to the increase in the
supply and it unlikely that next fall will active excavation
ont forty miles up the Arkansas river.
All these intended long the direction OF
the steel works preparing for the future outlined by those in
control Of the and whose plan hoped all the stock
ade will acquiesce.
WHAT THESE THINGS INDICATE
All these things point that the officials and board Of direct
Of the F. regard settled that the outstanding
bonds called that the matter Of enng and
anding the steel works will be unanimously sgreed upon
The financial rehabilitation being carefully by the re-
committee figures supplied by the steel works
a have good convincing the stockholders still out
at the plant Is good dividend payer
President that with the completion Of the improve
under way easily the earnings up from
year. the best evidence that he
fn do So
going to be large steel and the 1906
to capture much greater share Of the business that sn
sn desirous Of pushing everything to finish
PROGRESS BEING MADE IN REORGANIZATION
known that much progress made Of late the matter OF
debentue line and that they will approve tne
the old whereby understood that there should
ncss IN the bonded indebtedness Of tho company from
er extensions mutual understanding oil the
that further eight to ten million dola Will Do Dor
foSed and spent the steel works.
The temporarily shut down and the rail mill running
from ops, hearth 4nch bloom mill has been idle Tor
tu days
Blast commission again and along with furnace snes
pg up lot pg enough to keep the
constantly Furnace which blown ont recently ooohn2
Preparatory to bsae repaired the lining badly burned IN pos sn0
oe the shrnkags Of the bricks the intense heat
Other dspassn normal condition But NOS ne present
Po much - tAs fsturs that b being considered