Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1916-02-24
NEWS OF STEELTON
TO MOVE PA. STEEL
HEADS TO BETHLEHEM =?
[Continued From First Page.l

LOOhtihuGu fIFST IH2c.
at 5.3O last evening. President Grace
Is quoted as declaring that this pro-
posed enlargement of the blast fur
mace department will include the erec-
ton of five new furnaces. Each of
these units" he is quoted, will cost
from $1,000,0OO to $1,000. goo"
The plant is well situated" Presi-
dent Grace continued in his later state
ment. 1T will place us in a position
TO go after all the steel business east
OIL the Alleghenies," and he smilingly
AIDED that what the Bethlehem Steel
company goes after it usually gets.
Some persons seem to have the
idea that the Steelton mills might be
moved away. That is not possible.
me plant is greater than most people
believe. 1t is as large as our Bethle-
hem mills were only several years ago
before we made Improvements.
New machinery is to be installed
and there will be new mechanical
labor-saving devices to increase the
output. There is no reason why the
payroll will not be increased" he con-
cluded.
Visit Sparrows Point
Arriving at Sparrows Point last
evening at $50 o'clock in Mr.. Schwab's
car Twilight" President Grace and
his party called upon officers of the
plant, and asked to be taken through
the rail mill. This was done and the
party then returned to their car where
they spent the night.
Practically the entire time to-day
was spent in the plant The blast
furnaces, coke ovens. open hearth,
rail mill. ship yard and mechanical de-
partments were carefully gone over. A
tour was also made through the town
to ascertain the condition of the homes
of the workers.
The arrival of President Grace's
party last evening caused quite bit
of excitement in Sparrows Point be-
cause it. was not expected until this
morning.
The visit of the party to Spar
rows Point bears out the reports that
have been current in the financial
district since negotiations for the
purchase of the Pennsylvania Steel
holdings from the Pennsylv, lia and
the Reading railroads by Mr.. Schwab
began: Talk was heard on every hand
that the local plant would be improved
and made the largest on the seaboard,
being that it is the only one that Mr..
Schwab has that is on the. water. All
of his other interests are inland
The Maryland Steel Company is
busy at present filing contracts, par
ticularly for steamships. In fact, the
contracts that are now on hand will
keep the plant going at full capacity
for the next two years.
To Build Submarines
Much talk has also been going the
rounds of the financial district to the
effect that Mr.. Schwab would begin
the building of submarines at the
Sparrows Point plant. So far this has
not been confirmed, but those who are
supposed to be in a position to know
what is going on i'm the steel indus
try declare that there is much foun-
dation for the reports. Mr.. Grace,
upon completing his inspection, will
report to Mr.. Schwab who, within the
next two weeks. will visit Baltimore
and make personal inspection of the
property.
simultaneously with the inspection
trip of Bethlehem officials to the prop
critics of the Pennsylvania Steel Com
pany and fifteen subsidiaries, comes
the news from Philadelphia of meet
ing of the directors of Cambria Steel,
control of which was recently pur-
chased from w. II. Donner, the Penn
sylvania and the Reading railroad by
the Midvale Steel Company.
Donner Resigns
President Bonner resigned at this
meeting and his place was taken by
A. G. Dinkey, who is also president of
Midvale.
OF the old directors, Messrs. Stack
house, Slick and Black were retained,
but those who resigned We're AleXan-
der p. Robinson, Arthur T.. Newbold,
j. Leonard Replogle, w. II. Donner,
Il. V. Babcock and X. Francis Wood.
They were replaced by w. p. Barba,
John c. Neale, S. NJ. Vauclain, A. c.
Dinkey, William ID. Dickson and w. T..
Corey.
The Midvale Company announced
that it had taken over and paid for
a majority OF the stock of the Cam
bria Company. The time limit has eX-
pired in which the Midvale people
agreed to pay any owners of Cambria
stock SS1 a share for all stock pre-
sented to DreXel & Company, but yes
terday it was agreed to extend this
time for brief period to permit fur
ther purchase of stock.