The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-09
TIDEWATER MILL NEED
SEEN IN STEEL MERGER
Schwab Believed To Want
Plant for Use in EXpcdit-
ing Exports.

pany desire 10 ODtd1n control OF tie
Pennsylvania and Maryland compInies.
which to some extent are operating on
the same lines? In reply it Is pointed
out that the proposed merger woul, So
cure to the bethlehem or Schwab into.
ests a large chromc nickel ore supply Va
cuba valuable in making arinor platci,
which property adjoins the one land al
ready owned by the Bethlehem Stco,
Company. Another poin; is that /. has
been the desire of Mr.. Schwab for some
time to be In possession OF a tidoNa'c.
mill, which would facilitate the cNput.
business. now so large "A factor In tie
Bethlehem business. The Maryland Steel
Company is a subsidiary of the ~l'cnusyi.
wanna and its acuuiremen: would put
another valuable siipbuilding propc,,y
into the hands of Mr.. SCnwab.
For years of course the sutpuulldnc
Industry has been AT u Discount. hl.
with the changed attitude of the Ndm..-
istration aud the strong public scut.mcr;
In favor Of "A merchant. marine the og'-
look IL very encouraging fog the shy.
building Industry fer years 10 como. \.
already pointed out the marine ways ul
the Atlantic coast have their cut'e
capacity sold for eighteen months To
two years and there * cnougli husinos
in sight of "a profitable nature 10 on.
courage the requirement OF s~hipbuildirg
properties.
Another reason assigned is that WITH
capacity sold for many months the BETH
lehem, like other steel companies. Is 100
need OF crude steel, which would cnth.
it TO take on additional profitable VA
business for delivery in 1915. Tho Penn
sylvania steel Company has its capacity
Sold for the current year AMI has 4
moderate tonnage sold for 1916. The out
,At, ~ .. L.. .,r t.rpprtfl.. az 10. ,..
hearth furnace and EesSeiner converter.
however. would ic available next year
for Bethlehem's use.
The Schwab interests now own tie
Harlan d I~lollingsworth Corporation. the
Fore River Shipbuilding Company and
the Moore Eros. Yards at Elizabeth. y
j.. on the Atlantic coast. aud tn" Mon
Iron WORKS. on the Pacific ,oi.t n,
is also said tina; the New York Ship
building Company's policy is more or lo-e
controlled by the same Interests. and
there are rumOrs that even the New.
port News S%hipbuilding and Dry lIocN
Company Is Identified moro or l,s.
closely with the Scliwab Interests. ton
scpucntly the requirement OF th" Mary
land Steel Company would seem =" tr-
dictate "A future shipbuilding combine p,..
According to latest adyic"s. Low,vc'.
there l. small probability that The Mary-
lam or the Pennsylvania steel cont
panics will be absorbed by Bethlehem
interests. Yesterday an informant do
the steel trade. thoroughly ronv, rsa,'
with current events, declared tntt pror
To the much talked of meeting in N,N
York n few days ago. The directors Z
tn" Bethlehem compan had voted rl-
,ersoly concerning the acuu.rcm,hi 90,
the Pennsylvania Stcl toIuluuy aau .-
allied properties. Mr.. bonnet. WHO ,.fU-
the option OF tn" Pennsylvania S'..l
Company stock. was ia Ihjlu!clput
tn" time of the social. Il mrrgrr n.,'
ing at the Bethlehem -" iot..,A.
office. consequently! = rs now icl,,,l
that only the Cambria aud T. uus,l,,. t
companies Will he merged. steps t"U..ri
this latter combination. = - 10, s. ..
will take place some time IT. NoV,ut,.
Tho inquiry Yesterday Tor ~. o"o 20
10000 tons OF round s,-"l bar cm ..
manufacture uf high eNplu~iN. sl,l'. .,r
delivery over the Who'll of 1916 at .l, ..r.
Of about 5000 tons q month ,,",,lura...
ft't that a large contract 10y inl., .uu
siN inch shells, To- he mad, 60, l'r,u..
specifications. had lr.u placed lat, "a
Thursday. The understandings ''at
th"S" shells weit placed through .'.n.-
dian interests. who put ouj inuU.l., -..-
cral weeks ago \. T.. Mo.gau y OFF,.
asked for bids 10y letter N,~tyIdt. "a.
l5",o00 siN inch shells. The s,,4rny,-
tons calls for l55 m.ll:metcfs that
the shells are for cNpor; To France. t.
life of the contract * to be thr G 10 *
months.
Tn" Charleston southern Railroad.
which * an cN 'eusion Of the Scubuard
Air Line from charleston, :. e. 80
savannah. Ga, has placed q contract
for Loo tons Of standard section r. ls
with tn" Pennsylvania Steel COMPANY,
\ Western railroad is reported To- ldvs
placed a contract for l5.0Oo tons Of rail-.
for early 1916 shipment with the CHI
cage mills.
According To Ti:tsburG reports. -
Youngstown Sheet and Tube COMPANY
has booked contracts for steel product.
for export amounting To loo. O0u tons IN
the last sixty days. This company also,
as previously reported, has taken q ,ur-
tract for tlfty-two miles of Ii inch IT,.
pipe for the Eastern ohio Gas Company.
which Will be laid between Canton sul
Youngstown. ohio. The MARX Manu-
Featuring Company OF Chicago has tah"u
a contract for twenty miles ~ 1u b
PIPE for shipment - Wichita, kau
car builders are in tn" mari" -
ldTG' 'plllldRtS OF steer 10 h' lS''l ..
manufacture of ears. and also for D., urtI'
crate ronnag" of pig iron, IN" N".''
can car and Foundry Company
contracted for 2.5"n tons uf strolg '.H
dry iron IN the 'hicag" TERRITORY. sd
the Mount Vernon car 'omItuN g. 1.'
negotiating for 3.Juo tons.
Several additional contracts 1nr
riCat"d structural steel haV" been M \
In IN" central West. iu,luuIu-
tons for IN" chicago street NI.,Y.' .t
Buffalo, which was awarded e." i, -
bel Construction Company sac .t
am addition 10 the Hotel - tll,r ..
troit, which went "a a., N.r
Br!lg" company. ami $50 t"Hr
other building 1T lIuch"strr t"t .''
man kulak Company. n I. .t FIJI y
,ha' the American RrIdE' 'wuI..
furnish 800" tons for tho uu,
plant Of Ia" Youngstown ,-r'
ruhc Company. The Sew A'
trdl railroad recently ,l'la',u
for @oo tons of hrlhg vplt
Fort FIT Bridge Company
THE COPPER MARKET