The Story of Bethlehem Steel
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Meantime Bethlehem Steel was going more and more heavily into debt to erect new plants.
In November it issued $7,500,000 of 6% gold notes, part of which was put out for the purpose of redeeming the older issue of $2,500,000, while the remainder was to be used for new construc- tion. This brought the total funded debt of Bethlehem up to $28,070,267 on Dec. 31, 1909.
One of the new improvements, or additions, planned was the construction of Bessemer con- verter to be used in conjunction with the ...open- hearth furnaces in producing steel by the so-called duplexing process. Additional open-hearth capac- ity was also decided on and the work of building the furnaces started during the year. Nor, while attention was centered upon the steel plant, were the other subsidiaries entirely forgotten. The car plant of the Harlan & Rollings worth com- pany was extended materially.
Early in 1910 Bethlehem Steel made an impor- tant contract with the Didier-March Co., a Ber- lin concern, for a supply of coke for twenty years, the steel company having the option of purchas- ing the coke plant at the expiration of the con- tract time.
What to read after The Story of Bethlehem Steel?
You can find similar books in the "Read Also" column, or choose other free books by Cotter, Arundel, 1883- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Meantime Bethlehem Steel was going more and more heavily into debt to erect new plants.
In November it issued $7,500,000 of 6% gold notes, part of which was put out for the purpose of redeeming the older issue of $2,500,000, while the remainder was to be used for new construc- tion. This brought the total funded debt of Bethlehem up to $28,070,267 on Dec. 31, 1909.
One of the new improvements, or additions, planned was the construction of Bessemer con- verter to be used in conjunction with the ...open- hearth furnaces in producing steel by the so-called duplexing process. Additional open-hearth capac- ity was also decided on and the work of building the furnaces started during the year. Nor, while attention was centered upon the steel plant, were the other subsidiaries entirely forgotten. The car plant of the Harlan & Rollings worth com- pany was extended materially.
Early in 1910 Bethlehem Steel made an impor- tant contract with the Didier-March Co., a Ber- lin concern, for a supply of coke for twenty years, the steel company having the option of purchas- ing the coke plant at the expiration of the con- tract time.
What to read after The Story of Bethlehem Steel?
You can find similar books in the "Read Also" column, or choose other free books by Cotter, Arundel, 1883- to read onlineMoreLess
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