The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-03-13
BOARD APPROVES
REPORT ON SLOSS
Continued from First PAGE,

Continued from First Paee)
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cient labor The estimated cost of this
Improvement when completed, is about
$4,000
improvements have been made at other
of your coal mines, such as installing
a new and much heavier hosting en-
CINE and an air compressor, with adj
ditional boilers and pump at Flat Top
with smaller expenditures al other Mines
Many miners have left the state during
the last eighteen months, owing to the
strike, and there has been a scarcity of
miners in the district, which, with the in
ability of the railroads to furnish cars,
has eurtaied the production of coal
Iron Ore Mines.
Seven new boilers have been installed
during the past year at the Sloss mines,
additional houses for your employees have
been built and others enlarged a new coal
bin has been erected with the necessary
grading and trestling leading to it, (Which
is owned by this company, and a new
and large reservoir, insuring an abundant
supply of water has been built, so that
the plant is greatly improved. 1t is be-
lieved that the saving in coal resulting
from the erection of the new boilers will,
within comparatively short time, pay
the cost of the boilers. The product of
this mine for the year was within 12,00O
tons of the previous year, which was by
far the largest in any year since the mine
was first opened some twenty years ago,
and greatly exceeded that of any other
previous year, and the cost was rea
sonable.
Your ore mines near lrondale were clos
ed down some years ago as the soft ore
til.
and the Sloss mine was able to supply all
the hard ore required for your furnaces
at that time. but with the large increase
in the production of iron, 10 per cent in
about four years, more ore was, of COURSE
required. 1t was decided, therefore, a few
,months ago to again open up these mines
This has been done at a very moderate
cost and the output of ore is now about
400 tons a day. and will be- largely in
creased within a short time. An output of
1900 tons a day can be easily obtained,
If desired. The cost of this ore is very
lew A most careful and conservative
estimate of the amount of ore in this tract
of land gives 34S00, 600 tons of good ore
such as is now being used by the fur
naees of this district, and $4,000 tons in
another seam, which, while lower in me-
talllc iron than the other seams, has
been from time to time used in the fur
naces here.
The output of your brown ore mines at
Russellville shows small increase over
that of the previous year, but did not
equal that of the years 1902 and 1903. As
the work at these mines is entirely above
ground, weather conditions control to a
great extent the amount of ore produced.
Three additional dlnkey engines, one adj
ditional steam shovel and twelve large
tram cars have recently been added %
the equipment and plans have been per-
fected for improving the plant of the cen
trail pumping station, and for keeping the
washers more fully supplied with ma
terial.
There were 5ii 1854 tons of coke produced
in your ovens during the year This shows
a falling off of some $4,000 tons as com.
pared with 1904, but, considering the con-
dition of labor and transportation which
existed during the year, this is not sur
prising Frequently sufficient labor could
not be had to draw the ovens, and when
they were drawn, no cars could be had
90 move the coke, so that the ovens had
TO be allowed to stand after the coke was
ready to be drawn, and at other times.
the slack coal was not placed in time at
the washers or bins. to keep the ovens
regularly charged. resulting in the ovens
hecaming cool The railroads were so
crowded with business that such things
as this could not be helped, although the
railroad officials did all in their power
TO relieve the situation. The efficiency
OF your ovens has been maintained. and
they are in good condition.
Statements OF resources and liabilities,
of earnings and the details of working
capital are presented herewith, to which
Your attention is asked.
All of which is respectfully submitted,
by order of the board.
j. c. MABEN. President
birmingham, Ala. March, 1906
Statement Sl6ss Sheffield Steel and Iron
company fiscal year ending November 80
1906:
Resources.
Property account ............... so 932 .92
Treasury securities ....,..-...... s15, sSS5l
stocks and bonds OF other com