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Show NEW PROCESS CHEAPENS COST OF IRON AND STEEL Vice-President of U. S. Steel Corporation Has Perfected Per-fected Improved Plans of Eroduction. NEW YORK, June 2. Steel and Iron ling upon the' process and has now In- men tnrougnout tne world will be Interested Inter-ested to learn, according to the Herald, that James Gayley, vice-president of the United States Steel corporation, after af-ter a long series of experiments, has practically perfected a new process for making steel, which he believes will greatly reduce the cost of manufacture. For years Mr. Qayley has been work- iormea nis mends that his experiments conducted at the Isabella furnaces In the Pittsburg district, have indicated that the new method will prove a practical prac-tical success. It s understood that they have resulted In reducing the moisture mois-ture of the air applied In the converting convert-ing of the ore to pig iron and steel. Other new features have also been Introduced. In-troduced. Briefly stated, the Gayley process Is a modification of the Bessemer process, which revolutionized the Iron and steel Industry. The process will be applied In the manufacture of pig iron as well as steel. It is understood the process will greatly cheapen the cost of production. |