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Show jj i li i ' 1 ' 1 J STEEL TR .1IVAL, Western Concern . tua PropertiM EitendlngrtW Mtlos. The billion dola-g't-vUSel trust has a lusty rival in thr rado Fuel and Iron company, t eatest industry west of the Missii,'. This company now owns and co, ,s nearly 400,000 acres of coal lancS 5,000 acres of iron ore. With itt'reat sceel works at Pueblo, Col., it is making a second Pittsburg of that city. It employs 15,-000 15,-000 men, representing, with their families, fami-lies, one-tenth of the population of Colorado. The income of this company com-pany last year was $13,000,000 and Its expenditures a trifle over $10,000,000. It takes over $500,000 every month to satisfy the demands of the payroll. Commencing at Sunrise, Wyo., Its properties form a chain 1,200 miles long to Fierro, N. M. The links of this chain are 28 coal mines, nine coking plants with 2,500 ovens, and at Pueblo, Pueb-lo, Col., and Laramie, Wyo., the only steel plants between the Mississippi river and the Pacific coast. In addition addi-tion to these industrial concerns the company owns 80,000 acres of grazing land and about 2,000 of the town lots In the city of Pueblo. In addition to furnishing fur-nishing a vast tonnage for several transcontinental railroads the company com-pany operates 100 miles of railroad of its own. From its coal mines the C. F. & I. marketed last year over 4,000, 000 tons of coal, or 70 per cent of the entire production In Colorado. Last year it produced 50,000 bushels of coke, or 95 per cent of the product of the , state, and hundreds of new coke ovens are now in process of construction. From its steel mills 728,000 tons were marketed, and orders were refused for over 250,000 tons more. The C. F. & I. company has grown to what it is with a capital of $25,000,000. It has recently increased this capitalization to $40.- f 000,000 by the issue of $15,000,000 of 5 1 per cent bonds, with a like issue of common stock to redeem them on de-r de-r mand. The $15,000,000 is to be spent at Pueblo enlarging the steel plant to a capacity of 1,500,000 tons of finished product each year. The new manufactures manufac-tures are to be tinplate sheets, wire nails and other profitable products of like character. These new mills will, it Is estimated, increase the value of the output of the company by 200 Der cent. |