Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-06-24

ton show that there need be no anxiety
about the ability of the corporation to
nhance the Gary project With an actual
capital stock OF SS6S $50, TO at the end of the
Pop uiafly as the billion dollar corpora
tloh. The gross earnings in 1905 were
fooO'Sol''51 the manufa curing and operat-
ing expenses $40 432 and the net earn
hss slZOV 'SiS After all the charges and
VIC uiNldendS on preferred stock had been
accounted for the surplus earnings aggre,
kateu the grand total OF SAG, 365, SIS. Ths
property account amounts 10 $l,3SO,O3l,OS2.
AS indicating the expanding use Of stee
anu IRON and the necessity for an add
uohal plant TO meet the demand, It may
pe said mat the untitled orders on the
DOCKS at the close OF last year ran up 10
heH'USG tons as compared win $500
tons the year before. In 1905 l2,25o en-
plOyes OF the corporation took advantage
Of the opportunity offered TO them and
subscribed for 23.9S9 shares OF preferred
stock. Thus more and more are the inter
ests OF employer and employe becoming
bound up together.
Lhe net earn nBs for the quarter eholns
March 81 OF this year were t3B554'DV, those
for March itself being IN excess OF those
OF any previous single month In the his
tory OF the corporation. Earnings are go
ing back into the property IN way that
Affords another proof or the neeh OF larger
manufacturing capacity.
For the Chicago district a contract has
been made with a coal company whose
properties are In Indiana and Illinois for
iAfty years supply OF fuel and gas coal A
similar contract ~ held with an Eastern
coal company for a supply for twenty
Ave years for the Pittsburg and valley
districts and for the mining and trans
pc rtation interests In the Lake Superior
region BY these arrangements coal Is pro-
cured on very favorable terms. Purchases
OF coal from the Eastern company alone
avsreg ate 4,OO0 900 tons annually.
One OF the most Interesting commercial
phenomena OF the day 10 the expanding
uses OF steel. W. r. Corey, president OF
the Steel Corporation, recently ca led the
the country 70 the practicability OF the
substitution Of steel for wooden ties IN
roadbeds and urged extensive experiment
with them. He cited several roads
" hich are using steel ties with good ie-
suits 1t has been held by railroad men
that steel is not as good as wood because
II IL too rigid and unyielding, but, accord
Ing 10 Mr.. Corey, this theory is dis
proved by actual experiments. The grow
ing scarcity OF timber suitable for ties Is
beginning TO emphasize fOrcibly the need
OF a substitute and careful observers
predict that steel will come into general
use before many years
That the wooden framed car Is TO be
superseded by cars OF steel structure 10
II Il reported that the Pennsylvania road
has given orders for 10000 steel cars. TO cost
approximately ~. 10000 and to be deiy.
cred IA 1871 The total orders for steel
cars in 1906 is said to have been 800 The
number will be much Increased this year
The undoubted trend " toward the use Of
steel for passenger cars as well as freight
cara because In the long run they are
more economical and safer than cars with
wooden frames.
The santa Re, the Erie and other roads
already have adopted steel cars FOR the
mail service and the Santa re Is having
buIlt fifty steel smoking cars. Most OF the
fatalities in train wrecks occur In smoking
cars and II 10 found that the loss OF hu'
man life Is much smaller where steel cars
are used
II is a matter Of common knowledge that
there Is an enlaTgtng use OF structural
steel In the erection OF city buildings all
ever the country. Even the smaller cities
nave taken up the Idea and are making
practical use OF u. In the populous centres
there IS no longer any thought OF erecting
buildings Of any height except with steel
frameS