Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1915-11-13
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VISITING THE WAR
BRIDES
By Frederic ]. Haskin,
CONTINUED from Editorial Page.l

by-products of coal distillation for the
production of coke and from crude
petroleum.. Most interesting of all. as
indicating what big business thinks of
the possibilities of the industry. is the
report that the Carnegie Steel Com
pany has plans under way for the
building of the largest by-products
coke and chemical works in the world
near Pittsburgh. The plant is to con-
sist of about eight hundred ovens, and
with all equipment will cost about S.
600, 600.
Tariff Laws
What will happen to this new Amer
lean industry after the war, when the
demand for high explosive materials
has dropped, and the factories face
European competition in the making
of dyestuffs, is matter of much spec
ulation here. Undoubtedly, there will
be struggle. Our tariff law contains
no dumping clause-that is, no pro-
vision to prevent European manufac-
turerS from underselling on the Amer
lean market to get back their trade.
This, it is admitted, they probably will
do, if not prevented, and the new
American industry will have a hard
enough time to light the more mature
European one in any case. Under
these circumstances business is lend
ing an attentive ear to the administra-
TONS remarks about changing the
tariff laws to protect American manu-
factureIs from unfair competition af-
ter the war. II is also very much in
terested in the administrations plans
for national defense, which must nee
essarily include large supply of high
explosives.
Crucible Steel is the Pittsburgh war
bride of greatest stock market fame.
| it is all independent company of es-
pecially fine equipment, making a
high grade of steel such as is used in
watch. springs and cutlery. Owing to
the specialized nature of its product,
1t suffered more from the recent de-
preston than many of the other COM
panies. At the time the war broke
out, its common stock was quoted at
s11.25 a share and it owed heavy
back dividends on it's preferred. Not
long ago its common was selling at
S109.S5 a share.
This company is reticent about it's
affairs, making only annual reports
now. instead of quarterly reports, as
formerly. 1t is known, however, that
an immense order for rife barrels
forms the basis of its present pros
perity. The Westinghouse Company
got the order for the rifles from Rus
sia and France, and contracted with
Crucible Steel to make the barrels.
Crucible Steel has had a hard fight
in the corporation world. About 1901
it had a period of prosperity, and
built itself soft steel plant of its own.
to supply the material for it's other
mills. The United States Steel Cor
poration laid covetous eyes upon this
plant, and offered to take over Cruci-
BILE; but the smaller concern preferred
to remain independent. The steel
giant waited until hard times came.
and then it bought the soft steel plant
at about its own price. But now CRU
chile Steel has built another, under
the name of the Pittsburgh Crucible
Company, and is otherwise in highly
prosperous condition.
Westinghouse Prosper1ng
Another great Pittsburgh concern
that is riding high on the war boom
wave is the Westinghouse group of
factories. This is the concern, which