Show TO ERECT EXTENSIVE NEW BLAST fURNACES AND STEEL WORKS AT HI CHICAGO CHICAGO Nov ov 20 The Tho The Tribune this his morning moraine says flays Another t great development dc in the Calumet district is if promised in the thO plans of a syndicate of or Cleveland capi capi- capi- capi understood to be ho connected with the he Colorado Fuel and andIron Iron company compan It jn involves in tho the first place tho the construction of four blast furnaces with a total lally dath capacity of about 1300 tons of finished pi pig pie iron the tho co cost t of which will trill with the cost of tho land approximate But Dut whilo while the tho company will nm for a time restrict its activities activities activities ac ac- ac- ac to tho the making and selling of this product it is understood that the construction of the furnaces will bo ho the thc first unit in the tho much more morl comprehensive sive- sive give project involving the manufacture of steel and that tho the completed plant will trill represent an investment of from 11 to The Tho Tho capital of the company will it itIs itis itis is Is said be he Those behind the tho new company are said to own extensive iron iron mining interests interests in in- tR in in the tho Mesaba ran o in northern north em ern Minnesota and are said to have several M million tons tona of iron ore oro already developed do They are aro said to have ex ox- approximately in this work Agents of the concern have o been working for several ral months to acquire the necessary ar land ns as a site sito for the tho plant and it is now stated hn have have- o options op on OO acres of land along the Calumet ri river r. r The Tho exact locality is not known although it is ia reported to tobe tobe tobo be bo south of the plant of tho Federal Furnace company compan at One Ono OneHundred Hundred am and Fifth street The Tho work of securing satisfactory tub title in some sonic instances is sai said to have havo held back ack preliminary work for some sometime sometime time nn and special difficulty difficult is t said aid to toI havo have been experienced in acquiring a afew afew afew I few pieces of improved property on ono one bein being a church |