The Iron Age 1910-10-06: Vol 86 Iss 14

So So aera a nn reene —— oF et " New. York, “October 6, 1910 Vou. 86: No. is > | a Deane aetaap aed ere naan - i Published Every Thursday by the DAVID WILLIAMS COMPANY 14-16 Park Place, New York Entered at the New York Post Office as Second Class Mail Matter. Subseny ’ Pr " U ited and Mexico, 5.00 A 73 Canada, o ¥ su Ama “ er Foreign Cte 510.00 per hamid { Single Copies, 20 Cents. Guanes T. ROOT, * r - = = PRESIDENT W. H. 7 - - - TREASURER AND GENERAL MANAGER HaroLo S$ CENHEIM, - - ° ° - SECRETARY W. COPE, - - Eorrors FINDLEY, - - . - - COBLEIGH, - - - . MECHANICAL EDITOR Branch Offices Philadelphia, Real Estate Trust Building Chicago, Fisher Building Pittsburgh, Park Building Cleveland, American Trust Building Boston, Compton Building Cincinnati, Second N’t'l Bank Bldg. Milwaukee, 1417 Majestic Building. CONTENTS, Editoria PaGE. Pig n Output BROMUS |e siuind tetaiiis 6 CRMs naite cle 743 Control Of, Res od ho as ws 0 FN. CNRS 744 Vitality of the Wire. Industry... .......cssise.. 744 rhe Coming Machine Tool Builders’. Convention....... 745 lo | tigate the Patemt LAWS... .....cc eer cceeccee 746 Correspondence ..... saga wea eeebe abuts eee heh Os 00 sabes 746 Damascus Steel Works Improvements.............0+eee08 747 Pig.Iron Production, Tliustrated..........eeeeeesvererns 748 ihe Iron and Metal Market Reports..............«.. 750 to 759 The Machinery Market Reports... ....0.e%0.se000- «760 to TT2 The Tilir Stee] Company's New Joliet Power Plant... .. 772 ‘| iD ms of Interest to Manufacturers........... 773 The | Iron BERTBGEs 6. + ccd Mace Rees bbe eR eae ean 774 lroPFand | istrial BtOcks. .3.seSrc sees se ibe nbis oun’ 774 Personal ... oo Keo be ew eee ee win eee ees ae 775 MOIUGRTY ... oe kw eae ee i a ee ee ak ke a ee rhe | g of lron-QreRe te Rls eR Ras the Lake Superior Corpo@MRiees .eébics ss acavea chesekee yew “ee ewe eeeeeenunnrneerereerereeewn een eee eee 1 New Ore Un loading Mecorass . Hk has giecee Meenas The A Iron and Steel Institute’s New York Ne { gie Pnblicatiqw@cgs i vo cde h os bc asked e hone eee ' Rivet & Machine Company Changes,...........<+% s ‘ms and Management. Cas ba Ue AO the Cae es Melting PROGR 6 <5. 659M... 0seckactrcts seam vie Late Charles T, -Porter’s Advanced Tdeas,. .i.¢%9s al Autom Manufacturers on Their Industry........ paird Oy Back Press Attachments. Illustrated... .. mer Platinum ABMOe. 7 35 Poot Sahn shea Meee eee « Rotag: House Service Pump. Illustrated..........7 os GasEngines for Government Work. .....s...+-+.+-s oe nnat) Universal Grinder. Tilustrated......... oe La lle Single Action Open Back Press. Illustrated. . oe I Straightener and Cutter. Tilustrated....... 7 The a ro Metal Stampings, Illustrated.........+.++ | Fase s Corliss Engine. Illustrated.............-. ath ce cel and Sheet Plants Inspected.........+++:-: . Smeltirg and Refining in Buropée...........+.-.. 2 n Motor-Driven Barring Device. “Illustrated... tee \utomatic Gear Tooth Chamferer, Illus. ... a Universal Saw Table. _ Mustrated.,........ ™ 1....\'ven 10-In, Seneca Falls Lathe. Illustrated.... 7% Me p.. Enterprise Multiple Strainers. Tilustrated.... 794 et Double Acting Piston Pump: Illustrated.... 794 The Ma vider & Goosmann Planer, Illustrated........ 79% The Tn. Four-Slide Wire Forming Machine. Tilus.... 796 The ‘itg. Company's Beginming..............+00+: 797 “a ‘oof Construction, Tihustrated............24. 798 ie Knight Drilling and Milling Machine, Illus.. 799 The p ding Tradég: Trem e.g o. <ciessinns «+ eae oe 799 Suggest 1 Foundrymen’s Association, .............4. 799 An In-n,..° Users_of. Mathine Temes 0.) 748). <50 « odes» 800 AXNow a: ion of Defects in Casteigemy. ...eur....0... 800 The wi. td Double Crank Press. Illustrated....,... 801 im ate Rotary Slitting Shear. Tilustrated...... aR | The Hin. elt Exhibit at Brnssets IMustrated....... 802 TheTian,... ost [ven Pipe & Foundry Company........«. 802 iets tall Rearing Pillow Block. Tilustrated ey 6 aia « 803 he Store vention, American Foundrymen’s Association 803 The Von. L000 Jig for Shapers, Ulustrated........... 803 lucidat ofile Truing Device Illustrated... ..... 9:0 Pioting js) 6 otking Drawings, Tilustrated............. 805 nada Dlowholes. i Steel InGMe ices can cs don be cnen aes s 805 eRe: he Piel Batic eis pics. eck re coransa 805 de Pa. a Mine in Quebec........ bxwiegiees ab ees 806 LOND VCs Sees sce snes bb tg eo 6 eee Mrent \ ) PRIOOB cka Guinn ban bee esews evens ees : 808 Pig ties Output Holds ie: A Reduction in Wrought Pipe Good Activity in Wire Products and Sheets— Consumption Generally Unchanged Pig iron production in September amounted to 2,054,275 tons, or 68,476 tons a day, an increase of about 500 tons a day over the August rate. With 238 furnaces in blast October 1, the average daily rate of production was 67,312 tons, against 66,768 tons a day for 244 furnaces September 1. The increase in output per furnace iri September is explained by irregular working in August. The figures show that in spite of a weakening market and the heavy accumulations of stocks there has been no curtailment of output worth mentioning since the drop from 75,500 tons a day in June to 69,300 tons a day in July. Production of all kinds of pig iron is now at the rate of about 24,900,000 tons a year. The United States Steel Corporation has 45 blast furnaces idle, and its capacity active is 67.82 per cent., there being practically no change in three weeks. Generally the feeling in the iron and steel trades has been better in the past week, but without any defi- nite change in the amount or character of the buying. The way in which sentiment responds to small events is illustrated in the ado made over an order for 15,000 rearrangement of basing complicate] to amount of the ey in butt weld D weld merchant ning to the pipe mills iron pipe manufactur+ ‘changes in their card... Line pipe orders are still the feature, 38 miles of such pipe having been placed in the past week, including 25 miles of 6-in. and 8-in. pipe for the Philadelphia Company. Some gas and oil projects requiring large amounts of pipe are shaping up and a very heavy demand is ex- pected for next year. The September bookings in wire products were greater than for any previous September save one, Specifications and new contracts exceeded those for August. The leading wire interest is now operating 8o per cent. of its capacity. Wire rods are firmer at $28.50, Pittsburgh. Structural steel shows some betterment. Details of the Quebec bridge bids will not be known for some time, but a bid in which a combination of Amapicas and Canadian interests is: represented \f 83,000 tons of steel to this country. For # eenm He Ae ho tad on 532 Whe 744 THE IRON AGE York subways, on which the bids go in this month, about 150,000 tons of steel will be required for the por- tions to be built at once, while later contracts areslike- ly to bring the total up to 302,000 tons, including 35,000 tons of reinforcing bars. The contract for the Long Island Railroad bridges, 6000 to 12,000 tons, will go to the Fort Pitt Bridge Works. Plate mills are expecting a considerable tonnage from the battleship to be built at a Government yard and from the two colliers that will soon be let. At Philadelphia there is figuring on 10,000 tons of plates against a foreign battleship inquiry. The foundry iron market is uninteresting. The largest buying reported is of 5000 tons of Northern and Southern iron for a Western stove foundry, October to March delivery, the Southern iron being on an $11.25 basis for No. 2, and the Northern iron at $14, at Val- ley furnace. Large buying for 1911 is still deferred, and the shadow of lower prices for ore in Ig1I has now been thrown across the situation. A Central Ohio inquiry has come up for 8000 tons of basic iron. The large inquiry for basic for 1911 from a southern Olio steel works has been withdrawn for the present. A Chicago district steel company has bougiit 10,000 tons of basic iron in northern Ohio at a low price made possible by water shipment and by un- loading directly on the buyer’s dock. Lake Superior ore shipments during September were 6,273,834 gross tons, a falling off of nearly 700,- 000 tons as compared with August. The total ship- ments to October 1 are 35,100,864 tons, which is an increase of 5,461,331 tons over the eorresponding pe- riod of last vear. The pig tin market has been somewhat excited this week, and New York spot sales have amounted to 1000 tons. Spot tin has sold at 36.50 cents. ——__2.<-————_—_—_— Federal Control of Business Considerable signifi made by President Taft, 11% York City on the evening of the National The address, al erance, was ma keeping with the the speaker. On tracted wide attention to the Standard Oil and Amé ing in the Supreme Court, the d almost universally regarded as likely to be of momen- tous consequence. With regard to these matters, he said: It has been thought that those decisions, if adverse to the corporations, would greatly disturb financial centers, would halt general business and would bring on financial disaster. I do not share these fears, I have proposed to Congress in this connection a Federal incorporation act which might be taken advantage of by the largest corporations. It would give and it ought to give no immunity from the antitrust law. But it would have this advantage—it would give the Government the benefit of direct supervision of these powerful corporations and it would afford to these corporations ample opportunity to do a legitimate business within the State borders. The President's announcement that he does not share the fears that decisions adverse to these corpo- rations would bring on financial disaster, while not wholly reassuring, is certainly much more agreeable than if he had, for instance, made the assertion that October 6, 1910 he would follow the course thus apparently laid down by the Supreme Court and direct the Department of Justice to proceed against any other corporatic:; in , possibly similar position, regardless of the conse. quences. We had for some years been accustoied to deliverances of this latter character from the [xecy- tive, and the change should be received with thankful. ‘ness by the business community. The President's long training as a lawyer and his experience as a judge un- doubtedly qualify him to give an opinion on these mat- ters entitled to far higher respect than if he were a layman. Of course he does not anticipate what the de- cision of the Supreme Court may be, but it is certainly noteworthy that he expresses himself in this reassuring manner. In this connection it is also worthy of nah that a circumstance has just transpired, which may indicate a new method of procedure in the handling by the. Federal authorities of infractions of the antitrust law, Government agents have for some time been inyesti- gating the plan of purchasing materials through a sin- gle agency by a considerable number of large manu- facturers. Complaint was made to the Government that this action by the associated companies was a re- straint of trade. It is understood that the investigation thus made convinced the Federal authorities that such combined purchasing was a violation of the antitrust law. The ordinary course of procedure, under these circumstances, would have been a prosecution through the courts of the several companies thus associated. This would have branded the officers of the companies as guilty of a criminal action, and while the charge may not have held, they would nevertheless have been subjected to obloquy and a stigma would have been placed upon them. A different course was pursued. The various parties involved in this combined buy.ng movement were quietly advised that such operat‘ns were not regarded with favor and that the arrange- ment should be discontinued. As far as can be ascer- ained, no threat was made, but the notification accom- ed the purpose intended, and hereafter such pur- s will be made by each company operating inde- ntly. The new departure in the methods of the ment of Justice commends itself to business in- If it is to be taken as indicating further pro- n apparent violations of the antitrust act it be a most salutary change from the old recourse to drastic enforcement of the law. The Vitality of the Wire Industry The wire rod statistics for Ig09 are remarkable, since they show almost a trebling of the output of wite products in the United States in 10 years, something not paralleled in any other finished steel line apart from structural shapes. The latter, under the stimulus of the low prices for steel, as well as for fabricating, which prevailed all last year, made a new record, more than doubling the output of 1908. We have been a& customed to speak of the doubling of pig iron produc- tion in the United States every 10 years, while ope hearth steel production has more commonly doubled . six or seven years; but the use of structural steel and of wire products has grown in a really spectacll™” way. This becomes particularly marked when come parison is made with rails, which, though net n0W © Octobe r 1910 s were taken for so many years as a gauge of the | industry. We have set down below the ie of these three classes of products for the nrod pi considet nast 10 rs: past p f Rails, Structural Shapes and Wire Rods, 1900 to 1909.—Gress Tons. Rail Structural shapes. Wire rods. ai)........0 0 2 385,082 815,161 846,291 ae 2,874,639 1,013,150 1,365,934 on 2,947,933 1,300,326 1,574,298 new Ca 2,992,477 1,095,813 1,503,455 ~~. 2,284,711 949,146 1,699,028 SAK: ...... cco 3,375,929 1,660,519 1,808,688 1906 _ eece 9,977,887 2,118,772 1,871,614 se07......--20nea 3,633,654 , 1,940,352 2,017,583 on ds... 1,921,015 1,083,181 1,816,949 Ce 3,023,845 2,275,562 2,335,685 Several striking features of this table might be com- It might be pointed out that so recently igo a year of high pressure production in every uarter of the steel industry, structural shapes and wire ther barely exceeded the production of steel rails, wile together they were more than 50 per cent. the rail output of 19e9. Reference might be le .. to the fact that structural shapes, which in lar mind represent so large a proportion of the steel consumption in recent years, have never exceeded wire rods except in 1906. We might moreover, on the great fluctuations in steel rail consumption, as shown in 1901 and 1902, in 1904 d igos, and again in 1908. But the outstanding fea- ture of the table is the consistent and almost uninter- upted growth of the wire industry and its compara- It is larly noteworthy that in 1904 when pig iron pro- fell off nearly 10 per cent., steel ingots 5 per 23 per cent. from the respective wire products made an increase of 23 per cent. It is remarkable, moreover, 08 wire products fell off only about Io per i907, while rails and structural shapes were ment mn. = tive immunity from the effects of depressions. steel rails tals tor 1903, ess n 45 per cent. e aggregate of small needs of millions o people that constitutes the strength of the wire j I good and bad. Undoubtedly growth in the use of wire mesh reinforcement ane increase of other new uses have been factors im, nderful vitality of the wire industry, counterd tects of depression. When it is co product of some departments of the im \Vorcester works of the American Steel times can be appreciated that an almost infinite ner of outlets must be found if tonnage is to be -cale comparable with the structural industry usands and often tens of thousands of tons tering into a single contract. cunt of new competition coming forward in \lustry has been commented on; but there tendency to overestimate its contribution ntry’s total. The two steel companies that 2 wire to their line of products will probably ‘¢ more than six or seven per cent. of the the next two years. If the well maintained “mage t wire products in 1908 attracted some of this ~"ipetition, the great increase in 1909 will no doubt ‘ther incentive. It is interesting to note the ee of the wire production of the country con- "3 the United States Steel Corporation. The | “cs of the corporation give in gross tons the yr prove percent THE IRON - AGE mpany, means the drawing of wire to hairlike - 745 preducticn of wire rods marketed as such and in net tons the production of wire products. If we regard the figures for the latter as about equal to the number of gross tons of wire rods required for the products in question (reckoning 10 to 12 per cent. waste) we may make a comparison between the wire rod output of the Steel Corporation and that of the country. In the past eight years they were as follows: Wire Rod Production of the United States Steel Corporation and of the United States.—Gross Tons. Per cent. Total fer Steel Steel Cor- United States. Corporation. poration. SG 6 vba ies wade ees 1,574,293 1,232,139 7s EEO cca sab Dime < wiele we 1,508,455 1,228,304 82 SR Cea ashe 4 oes 1,699,028 1,311,544 77 RINE. Fd 0.3 id's dle ud Stee be we 1,808,688 1,367,992 76 RIES 4 Gos cele 5 Ses 8 1,871,614 1,511,205 80 RG ss id Kin tients 88 SRA 2,017,583 1,607,321 79 BOC ia as ia eos CORR eR 1,816,949 1,879,191 76 SO. ass Coes 3 54 2,335,685 1,746,838 7 While there has been a falling off in the Steel Cor- poration’s percentage of the total wire rod production in recent years, its extent is less than might have~ been inferred from the wide advertisement given to the new competition. Wire is still the product in which the Steel Corporation's control of capacity is greater than in any other. The Coming Machine Tool Builders’ Convention The annual meeting of the National Machine Tool Builders’ Association, to be held at the Hotel Astor, New York, October 25 and 26, is expected to be an occasion of exceptional value to the trade. In the first a place, the membership will represent a wery much greater proportion of the industry than it did a year ago. Recent applications, coupled with the great in- flux of new members at the June meeting, will have brought the total to a point which means an increase in association influence, such as comes only with a entation closely approaching the unanimous. be. featured for consideration tally interesting, notable ancellation clause in ma- ons to dealers and the pro- eal,” and other mat- with the in- general business ‘Should result in an uture, not only of the fealer as well. fe matter ys seriblishing a standard practice in machinery contracts, under which users will not be permitted to cancel orders without the free consent of the manufacturer or dealer, has been given careful study during the months that have elapsed since the Rochester convention. While some difference of opin- ion prevails in the two branches of the trade as to the manner of carrying the reform into effect, none would fail to welcome a change that would place the business in its logical position as to contracts of sale. While the meeting may take no definite action, finally estab- lishing the ‘tiew practice, the movement will be given 2 oil eee et ee ee operation on the part of the members. ‘his campa is receiving the hearty assistance o: ranks. Pane er tee re 746 THE IRON AGE No action will be taken in respect to the petition of the dealers, pendinggfor several years, establishing a higher and’ universal ‘iscownt; whith’ in ‘indst ‘éases would increase commissions. The machine tool build- ers have threshed out this question, in the sessions of the, organization, and of its various sections, and pri- vately, and cannot reach the conclusion that association action is desirable. No standard discount could be created equitably, it is argued. To do so is even less feasible than formerly, because the sales methods of members have departed in various ways from the older customs. The ratio of their share of the cost of mar- keting the goods to that of the dealer has changed in a large way and with increasing lack of uniformity. While no definite statement is possible, of course, it may be taken for granted that the movement will be further discouraged at the meeting. The opinion has accumulated that the matter of commission is one for individual arrangement between the manufacturer and his dealers. The committee appointed to take up the question of a patent court of appeals and other matters per- taining to the patent laws has the assurance of Mem- bers of Congress that bills creating the new tribunal and making other desirable changes in the patent laws, and creating a commission to investigate the whole patent system, will be made laws at the next session, a fact that has simplified the committee's efforts. So great an impression was made at the last meet- ine by a paper read by the works mafiager of one of the great automobile establishments on “ Machine Tools from the Users’ Point of View,” that the subject will be given greater prominence at New York. The dis- cussion following the paper was necessarily curtailed for lack of time. The address aroused an interest spontaneous and general, and the subject has since been ways. Strong emphasis co-operation on the part @ manufacturer to understan those dependent upomshim for eC lating to the indugf on machine desi eral subject of patents on inventions is included in legislation which is promised by the next Congress. The existing system may have been a good one orig- inally, but it does not meet modern requirements, and great dissatisfaction has steadily accumulated, result- ing in a demand for a thorough overhauling. The United States patent’ has lost much of its value as a property right. It is distrusted until it has been proved by litigation. Infringements are more common than would be the case if the Government’s protection of an invention should carry with it a greater degree of guarantee. Other countries have developed better methods, and much good material is available to a com- mission as the basis of new laws which would be adapted to conditions here. An American patent is too easily obtainable. The claim is sometimes heard that the Patent Office has October f 1919 been developed into a moneymaker for the ( overp. ment. Examinations of claims are not c: mplete enough. The examiners are paid insufficient!) The office is in a large sense a training school for patent solicitors, and changes in personnel are too frequent for the good of the service. A United States patent possesses little or nothing of.a guarantee. The time has not arrived when the Government can revister 4 patent, assuming financial responsibility for its valid- ity, in the manner in which title to real estate is guar. anteed by some State governments under the Torrens system, but a first step in that direction may be made following the German practice. In that country a pat- entee, finding what he believes to be an infringement, may petition the authorities for a certificate in which the Government, if convinced by official investigation, asserts its belief in the validity of the patent. It is not a guarantee.in a full sense, but it is a factor which restrains infringers against making a contest, and, therefore, does away with much costly litigation. Ex- aminations of alleged inventions should be most thor- ough, and the laws should be amended, if necessary, to secure that end. If the cost be more the inventor class may consider itself entitled to the outlay, for the Patent Office is continuously in possession of a surplus cf rev- enue above its expenses received in the form of fees. The matter of compulsory working of paterits needs threshing out. Some difference of opinion exists, but the best judgment, considering the subject from the standpoint of the public as well as that of the inventor and of the purchaser of patents, is that the system should he embodied in some form in our patent laws. It is necessary as a basis of favorable treaty with other ccuntr es, practically all of which are employing it. It would rid the country of a multitude of unworked in- ,entions. some of them very important to industries. Manufacturers can assist greatly in the proposed *in- vestigation, a beginning being the urging of the pas- sage of the proposed act. The bills already before Con- ress provide for radical improvements, including a ent court of appea!s. Possibly these proposed laws in themselves relieve to some extent existing con- ons, by inspiring the overthrow of office precedents igh have accumulated through succeeding adminis- is. If, however, the commission is created, and Ms work well, the act for its establishment will be ’ most important of all recent legislation relating to patents. oomaspenanipiailapsiiiid Correspondence The Introduction of the Bessemer Process in America To the Editor: Permit me to correct a statement made October 1 by our American Ambassador to Eng: land, at the opening of the library building at Luton, given by Andrew Carnegie, as follows: “He [Mr. Carnegie] then had the farseeing ‘SF gacity, courage and untiring persistence to introdu-e the Bessemer steel making process in America. The facts are as follows, taken from the history of the introduction of the Bessemer process in the ae States as given in James M. Swank’s “ History % the Manufacture of Iron in All Ages”: The control ‘n this country of Mr. Bessemer's pate was obtained in 1864 by John F. Winslow, John A. Griswol and A'exander L, Holley, all of Troy, N. ¥., Mr. Octobe 1910 ing Eng 2d in 1863 im the interest of himself and asso- ciates February, 1865, Mr. Holley was successful at Troy oducing Bessemer steel at experimental works which id constructed at that place for his company in 184 ie ites of the adoption of the Bessemer process and the names of the works, also taken from Mr. k's book, are as follows: 1A ony & Rensselaer“Iron & Steel Company, Troy, N. Y.. \\.nslow, Griswold & Holley. First. blow February 15 1 sylvania Steel Works, Steelton, Pa. First blow | liom Iron & Steel Works, Lewistown, Pa. First May, 1S68. Cleveland Rolling Mill Company, Cleveland, Ohio. First October 15, 1868. 5. Cambria Lron & Steel Works, Johnstown, Pa. ow J 10, 1871. §. Uavion Steel Company, Chicago. First First blow July 26, : North Chicago Rolling Mill Company, Chicago. First \ 10, 1872. S Joliet Steel Works, Joliet, Il. First blow January 9, | lehem Iron Company, Bethlehem, Pa. First vO er 4, 18738. ear Thomson Steel Works, Carnegie Brothers & Co.. Bessemer Station, Pa. First blow August 25, IST steel rail September 1, 1875. refore, appears that Mr. Carnegie did not Bessemer process until after it had been in e other works for a period of 11 years and 8 ()i course, Mr. Reid is in no sense responsi- statement he made, for he only repeated id been told. Gro. W. MAYNARD. New Yorx, October 2, 1910, Automobile Investments and Their Economic Aspect Editor: The following is submitted as a con- to the current discussion on the economic he automobile: - suppose that 100,000 American families, by some measure of self-denial, have each ac- ‘1000, making an aggregate sum of $100,- XAMPLE I, EXAMPLE II. 1. Fach of these familié deposits its $1000 in bank, which in turn in “the money in bonds of a road which is opening new country. 2. The railroad dist the $100,000,000 ami ers of real estate an facturers of locom cars, track equipment, é who in turn distribute among their employees, agents and others, retaining certain amounts as profits. Fiwe Years Later. 8. One hundred thousand same, the satis- families have as their net hich is necessary assets : piness, (a) The serenity of mind ntimate knowl- which comes from the knowl- difference be- edge that one is living with- st and the same in his income. hance and de- (b) A strengthened habit of thrift. indred thousand (c) The satisfaction of nk, having an interest in the wealth producing industries of the country.. This is the best antidote to socialism and the blatant demagogism now so much in evidence. (d) Bank accounts which at 4 per cent. interest, com- pounded semiannually, amount to $1218.98 each. ich for the individual investors. “The effect ‘intry at large may be illustrated as follows: these families s 81000 to purchase an 2.17 ianufacturers of distribute the among _ their gents and others, * tain amounts as S100.000 000 Years Later. 0 undred thousand es e as their net e lot of pleasant f good times en- juired taste for THE IRON AGE Evample I. In the last analysis this formi«:.of - investment ‘has proxyed to be @ consumer, in- stead of a producer of wealth, and has thus by the inevitable working of the law of supply and demand tended to increase the cost of living. In ‘addition, a large propor- tion of the individuals con- cerned are driven by stern necessity to adopt a more simple style of. living, and are eager to blame everybody but themselves for this con- dition. They are ready to listen to the radical out- pourings of the demagogue Example IT. “aR: uncultivated lands have been taken up by farmers; mines and quarries have been opened and lumber mills erected, and all these indus- tries have been ‘brought within reach of consuming markets. The railroad has earned maintenance and de- preciation charges; has paid interest on bonds; has actu- ally added to the common- wealth a vast amount of the necessaries of life, and has thus tended to reduce the cost of living. and thus become a real men- ace to stable government. a New York, September 30, 1910. a Damascus Steel Works Improvements.—The Da- mascus Crucible Steel Company, New Brighton, Pa., is building three new structures of steel and brick. One building will be 48 x 160 ft., and will contain steam hammers and heating and annealing furnaces used for the manufacture of Capper’s high-speed tool steel. Another building, 45 x 205 ft., will contain melting furnaces and gas producers and will be used for the steel casting department, and will also contain necessary machinery for getting the castings ready for shipment. The third new building, 20 x 40 ft., will be used for a power house and machine shop, and will con- tain two engines and a dynamo, which will furnish light and power for the entire plant, together with lathes, planers, shapers and drill presses. On one building will be added a leanto running parallel with the railroad, to be used for storage bins for coal, mold- ing sand, crucibles and scrap. These improvements will increase the capacity of the plant. Charles Capper is president and general manager, and C. H. Capper is secretary and treasurer. cee OO te . Gilbreth, contractor, New York, will pre- Bifects on Building Materials F on the evening of October 2¢@HORMoUs annual fire loss lestructive fire on foutlines the methods of fires may be B. Parsons, con- show by means of fires on a number of office HM also be discussed by others hases of fireproofing building subjee ed with various p construction. As a result of the settlement of the boiling scale with the Sons of Vulcan, the puddling plant of the A. M. Byers Company, at Girard, Ohio, having 42 pud- dling furnaces, resumed operations last week. This concern is building an addition to its puddling depart- ment to contain 48 puddling furnaces, which will give it the distinction of having the largest puddling plant in the country. 5 The Oneida Steel Pulley Company, Oneida, N. Y., has purchased the business of the Pennsylvania Steel Pulley Company, Pittsburgh, Pa., and has taken pos- session of the plant. The principal output is electric- ally welded pulleys, and the manufacture of these will be continued. The new owner also intends to manu- facture steel pulleys igs s i der to : the a IRON Pig Iron Production A_ Slightly" Increased _ Rate. Active Capacity October 1 Was 550 Tons a Day More Than on September 1 The blast furnace statistics for September show that the total production of coke and anthracite iron was 2,054,275 gross tons in 30 days, or at a daily rate of 68,476 tons. This compares with 67,963 tons a day in August and 69,305 tons in July. Thus there has been no significant change in the rate of production since the drop from 75,516 tons a day in June to 69,305 tons in July. The number of furnaces in blast October I was 238, a net decrease of six from September I. Slower working in August caused a smaller average output per furnace than in September, so that the ca- pacity of the 238 furnaces active at the beginning of this month, 67,312 tons, was about 550 tons a day more than that of the 244 furnaces in blast September 1. Production is now at the rate of 24,900,000 tons a year for all kinds of iron, Daily Rate of Production The daily rate of production of coke and anthracite pig iron by months, beginning with September, 1909, is as follows: Daily Rate of Pig iron Production by Months.—Gross Tons. Steel works. Total. | RE ae ee 79,507 57,067 83,856 56,333 84,917 57,058 27,964 85,022 57,200 26,948 84,148 57,876 27,740 85,616 56.113 28,346 84,459 55,662 27,129 82,792 24,867 77,102 23.879 75,516 22,122 69,305 21,429 67,963 47,007 21,469 68,476 September Output by Districts Merchant. 24,146 26,789 28,584 September, October November December January, August September The table below gives the production of all coke and anthracite furnaces in September and the four months preceding: Monthly Pig Iron Production May. June : (31 days) (30 ya (314 171,461 163,! 22,973 70,344 New York.... New Jersey... Lehigh Valley. Schuylkill Val. Lower Susque- hanna and Lebanon Val. Pittsburgh dis. Shenango Val. West. Penn... Md., Va. and Kentucky ... Wheeling dis. Mahoning Val. Central and North. Ohio. 144,344 Hocking Valley, Hanging Rock and 8. W.Ohio. Mich., Minn.,Mo., Wis.,Col.,Wash. 71,588 Chieago dis... 358,509 Alabama . 165,937 Tenn., Georgia 40,418 43,290 30,163 27,657 63,935 259,672 149,805 25,213 Totals. ..2,390,180 2,265,478 2,148,442 2,106,847 2,054,275 68,051 328,953 160,970 37,086 65,863 264,136 143,313 31,806 66,096 258,145 140,015 29,690 and Texas.. The list of active furnaces shows a net loss of six in the month. Among furnaces blown out in Septem- ber or on October 1 were two Lackawanna at Buffalo, one Edgar Thonison and one Lucy in the Pittsburgh district, one South Sharon in the Shenango Valley, one Dunbar in western Pennsylvania, Buena Vista and Covington in Virginia, one Maryland Steel at Sparrows Point, Upson in northern Ohio, Union in the Hanging Rock district, Hamilton in southwest Ohio, one South Chicago (old) in Illinois, one Mayville in Wisconsin, Williamson in Alabama and Citico in Tennessee. The list of furnaces blown in includes one Buffalo Unior at Buffalo, Soho in the Pittsburgh district, Alle- ghany in Virginia, one La Belle in the Wheeling dis- AGE October ©, 191 trict, one Lorain in northern Ohio, Lawrenc. in the Hanging Rock district, one Sloss and Wood~ock jn Alabama and Rome (changing from charcoal : coke) in Georgia. Capacity in Blast October 1 and September | The following table shows the daily capacit, of fur. naces in blast October 1 and September 1. 1)}):se fig- ures are based largely on the performance of the fur. naces in September and August: Coke and Anthracite Furnaces in Blast and Capacii Tons. Total -—October 1.— 7—-September L— number Number Capacity Number Capacity of stacks. in blast. perday. in blast. per day, New York: Buffalo 3,985 14 4545 Other New York... 582 3 582 New Jersey 8 625 3 620 Spiegel oma ch cca Pennsylvania : Lehigh -Valley.....2: Spiegel ........+ 3 Schuylkill Valley.. .16 Low, Susquehanna. Lebanon Valley.... Pittsburgh dist... .5 Spiegel oo Shenango Valley... Wet. FeNa.5. 6 bcm Maryland Wheeling dist........ Ohio : Mahoning Valley. . .2° Central and North. 2: Hocking Val., Hang- ing Rock and 8. WT; Sa ak in cea 15 758 945 Illinois and Indiana. .31 8,410 8,230 Spiegel 3 155 240 Mich., Wis. and Minn.10 E 905 ; 1,010 Colo., Mo. and Wash. 7 1,096 1,080 The South: i re ree 1,150 1,290 Kentucky ........- : 209 195 Alabama : 5,175 2% 4,885 910 O47 67.312 244 66,768 /. —CFroag Location of furnaces. — — DHA mS SSIS oo 1,910 151 1,934 928 S28 5.524 366 3,560 3,840 965 2,510 j 2,205 6,633 6,483 3,715 3,505 — — we OIA 653 cob we 415 Production of Steel Companies Returns from all plants of the United States Steel Corporation and the various independent steel com- panies show the following totals of product month by month. Only steel-making iron is included in these figures, together with ferromanganese, spiegeleisen and ferrosilicon. These last are stated separately, but are included in the columns of “total production.” Production of Steel Companies.—Gross Tons. Spiegeleisen and ——Pig.—Total production.— ferromanganese. 1908. =: 1909. 1910, 1909. 1910. 664,415 1,117,823 1,773,201 12,325 19,538 745,802 1,073,363 1,620,539 10,046 21,39 841,502 1,140,553 23,743 25,501 725,548 1,093,092 22,478 759,674 1,256,448 20,834 717,689 1,365,527 16,516 798,639 1,508,762 17,61 2 897,052 22,313 933,514 996,481 Pw ce. eee ...-1,090,339 Pig Iron Production and Prices Plotted The fluctuations in pig iron production from Jant- ary, 1907, to the present time are shown graphically in the accompanying chart. The figures plotted are those of daily average production, by months, of coke and anthracite iron. The two other curves on the chart represent monthly average prices of Southertt No. 2 foundry pig iron at Cincinnati and of local No. 2 foundry iron delivered at Chicago. They are based on the weekly market quotations of The [ron Agé The two sets of figures are as follows: 1,442,572 1,410,221 Daily Average Production of Coke and Anthracite Pig ne 3 the United States by Months Since January 1, 190'.— Tone. 1909. 1910, 7,975 Sil 60,976 #5. 1907 _:\, 2. 25 2 vw > . ar: i Eb eSbebdadiiat (| 1m ER EEE EET q “| 4 REL AREER EPS ew “ | PER DIEM PIG IRON PROUCTION * ’ i 84 : x= ‘ | r | ie ad YN tor td PET TR NT BH bP kas N PPP eS Pee i PEE + + + denen 4. | ntily Average Production by Months of Coke and Anthracite Pig Iron in the United States from Jestenty 1, 1907, ictober 1, 1910; Also of Monthly Average Prices of Southern No. 2 Foundry Iron at Cincinnati and Local No. 2 Foundry. Iron Delivered at Chicago. « Prices in Dollars of Southern No. 2 Foundry innati and Local No. 2 Foundry at Chicago iry, 1907. L907, 1908. 1909. 1. Loe. Sou. Loc. Sou. Loe. 2 No.2 No, 2 No.2 No.2 No. 2 Chi. Cin. Chi Cin. Chi. 25.85 16.15 18.45 16.25 17.35 25.85 15.75 18.16 16.13 16.75 26.10 15.50 17.85 15.05 16.50 . 26.35 15.20 17.73 14.25 16.50 ; 26.85 14.75 17.68 14.50 16.50 26.60 15.25 17.73 14.70 16.50 25.55 15.00 17.55 15.75 17.00 24.85 15.25 17.385 16.388 17.13 ' 24.10 15.65 17.05 17.35 18.70 22.45 aa ca 16.85° 17.88 19.00 ' 20.66 16.00 17.10 17.75 19.00 0 18.80 16.25 17.35 17.45 19.00 The Record of Production c and Anthracite Pig Iron in the United States Since January 1, 1907.—Gross Tons. » > 1907, 108) 1909. 1910. 2,205,607 1,045,250 1,797,560 2,608, 2,045,068 1,077,740 1,707,840 2,397,254 2,226,457 1,228,204 - 1,832,194 2,617,949 2,216,558 1,149,602 1,738,877 _ 2,483,763 -.295,505 1,165,688 © 1,883,330 2,390,180 234,575 1,092,131 1,930,866 2,265,478 2,255,660 1,218,129 2,103,431 2,148,442 : ~.250,410 1,259,831 2,248,930 2,106,847 . 2,183,487 1,418,998 2,385,206 2,054,275 : -.336,972 1,567,198 2,500,549" 2.2.5... . 1,828,125 1,577,854 Bere LsOD ole welee eds 1,234,279 1,740,912 2/685,680 = 2.2.2. -_————_- ~~» | ‘ders entered by the Bessemer Gas Engine hn rove City, Pa., are as follows: Charles C. ’ ont, W. Va., a 30-hp. engine to drive re- ‘nachinery ; Charles J. Corbin & Sons, Fair- ” “hp engine to furnish electric light and oy F Vogelspohl Company, plumber, Cincin- p. engine; Foy Paint & Glass Company, \75-hp. engine; United Natural Gas Com- a., a 20-hp. engine, to be used for electric ederal Engineering Company, Pittsburgh, cngines; Melrose Mining Company, Car- > Es fo S'S - =e October ©, 1910 THE IRON AGE 749 22hsigis ge ee ba et td a : oo STSTERSE Soe et 1 wy HY AV. PRICE SOUTHERN NO.2 FDY., OINCINNAT! ———m am AV. PRICE LOCAL NO,2 FDY.,CHICAGO ene nme PE Debt baad PALME TT rt bab bd bee aD dtd bab tg | ft f 4 ‘ . ate ae fo et Ee be ed i a. 7 Fa REECE 4 COCO EEE eee ee ere i ; E eS wil 4 Re bh ACCC PEARCE . Pp ee PA fA ee Te me: pe AW PUL Le cia BEMEP sob 2ak ee anu coo EEE eee FL Ah el LIMA pa FECES Pri | V PEEEEEDMAEEEEECE EET eh ie MEE CECE Cy ta 1909 1910 GEx238h Es ae ane, June ~ ia kd eed 283 Pt ia SVRSASKeeE GARE Sey me arr. * 8 8 & SAAR s Poe ere ‘ ra tet a bE G aa +t Se kd id ss 7 _— « et cs “| aT tersville, Mo., a 110-hp. engine, and J. W. Pond & Co., Wichita Falls,. Texas, a 35-hp. engine. seviight & Cornice Company is being a., and application has been ter, with a capital stock of manufacture sky- ators are Charles M. eveland and F. J. athe building of the ferable machinery ets will be required. ic & Mfg. Company, Pitts- Wa: ed a contract by the Parkers- burg ill Gonpachi Aa W. Va., for the com- plete electrification of its lumber and saw mills, which will require about 45 motors, ranging in capacity from I to 50 hp. each. The Michigan Supreme Court has decided that the contention that the International Harvester Company is a trust doing business in Michigan in violation of the State antitrust law in no way affects the right of the corporation to collect on its contracts in that State. The plant of the Kittanning Iron & Steel Company, Kittanning; Pa., containing 35 puddling furnaces, re- sumed operations last week, after being shut down since July 1. The company’s Rebecca Furnace is ae run- ning. Ella Furnace of Pickands, Mather & Co. se sai Pa., is out of blast for relining. The contract for this was awarded to William ‘Sons, Sharon, Pa. The stack is expected to be idle THE IRON The Iron and A Comparison of Prices Advances Over the Previous Month in Heavy Type, Declines in Italics. At date, one week, one month and one year previous. Oct. 5, Sept. 28, Sept. 7, Oct. 6, PIG IRON,, Per Gross Ton: 1910. 1910. 1910. 1909. Foundry No. 2, standard, Phila- delphia Foundry No. 2, Southern, Cincin- nati 14.25 14.25 Foundry No. 2, local, Chicago. . 16.25 16.25 16.50 Basic, delivered, eastern Pa.... 15.00 15.00 15.00 Rasic, Valley furnace 13.50 13.50 13.75 Bessemer, Pittsburgh 15.90 15.90 15.90 Gray forge, Pittsburgh 14.15 14.15 14.15 Lake Superior charcoal, Chicago. 18.25 18.25 18.50 BILLETS, &e., Per Gross Ton : Bessemer bijlets, Pittsburgh.... Forging billets, Pittsburgh Open hearth billets, Philadelphia Wire rods, Pittsburgh Steel rails, heavy, at mill OLD MATERIAL, Per Gross Ton: Steel rails, meiting, Chicago... 13.50 Steel rails, melting, Philadelphia 14.00 Iron rails, Chicago............ 16.00 Iron rails, Philadelphia 18.00 Car wheels, Chicago 14.00 Car wheels, Philadelphia 13.75 13.75 Heavy steel scrap, Pittsburgh... 14.25 14.25 Heavy steel scrap, Chicago.... 12.25 12.25 Heavy steel scrap, Philadelphia. 14.00 14.00 FINISHED IRON AND STEEL, Per Pound: Cents. Refined iron bars, Philadelphia. 1.40 Common iron bars, Chicago.... 1.35 Common iron bars, Pittsburgh. . 1.45 Steel bars, tidewater, New York 1.56 Steel bars, Pittsburgh......... 40 Tank plates, tidewater, New Yor 56 Tank plates, Pittsburgh 40 Beams, tidewater, New York... 56 Beams, Pittsburgh .40 Angles, tidewater, New York... Angles, Pittsburgh Skelp, grooved steel, Pittsburgh. Skelp, sheared steel, Pittsburgh. SHEETS, NAILS AND WIRE, Per Pound : Cents. Cents. Cents. Sheets, black, No, 28, Pittsburgh 2.20 2.15 2.15 Wire nails, Pittsburgh* 190 “4.70 @.70 Cut nails, Pittsburgh 5 1.65 Barb wire, galv., Pittsburgh*.. . vv METALS, Per Pound: Lake copper, New York Electrolytic copper, NeW Spelter, New York... Spelter, St. Louis... 19 Lead, New York Lead, St. Louis....4 Tin, New York : Antimony, Hallett, New Nickel, New York Tin plate, 100 Ib., New York.. $16.00 $16.00 $18.50 17.75 19.00 18,00 16.75 18.90 16.90 19.50 24.00 29.00 26.00 28.50 24.00 29.00 26.00 28.00 28.00 24.50 29.00 27.00 28.00 28.00 25.00 29.00 27.60 31.50 28.00 17.75 18.00 20.50 21.00 14.00 18.50 13.75 17.50 14.25 17.75 12.25 16.75 13.75 18.00 13.50 14.00 16.00 18.00 14.00 13.50 13.75 16.00 18.00 Cents. . 1.40 37% 45 56 40 .56 .40 56 -40 56 .40 .40 50 = 1o-a Sam oro or = ne — fe ak ek fel fk ek th C oe fe et * These prices are for largest lots to jobbers. a , Prices of Finished Iron and Steel f.o.b. Pittsburgh Freight rates from Pittsburgh in carloads, per 100 jb.: New York, 16c.; Philadelphia, 15c.; Boston, 18¢.; Buffalo, lic.; Cleveland, 10c.; Cincinnati, 15c.; Indianapolis, 17c. ; Chicago, 18c.; St. Paul, 32¢.; St. Louis, 224%c.: New 0Or- leans, 30c.; Birmingham, Ala., 45c. Rates to the Pacific Coast are 80c. on plates, structural shapes and sheets, No. 11 and heavier; 85c. on sheets, Nos. 12 to 16; 95c. on sheets, No. 16 and lighter; 65¢..0n wrought pipe and boiler tubes. Structural Material.—I-beams and channels, 8 to 15 in., inclusive, 1.40c. to 1.45c. net; I-beams over 15 in., 1.50c. to 1.55¢. net; H-beams over 8 in., 1.55c. to 1.60¢.; angles, 3 to 6 jin. inelusive, 4% in. and up, 1.40c. to 1.45¢. net: angles over 6 in., 1.50c. to 1.55c. net; angles, 3 in..on one or both legs, less than % in. thick, 1.45e., plus full extras as per steel bar card, effective September 1, 1909; tees, 3 in. and up, 1.40c. to 1.45c. net; zees, 3 in. and up, 1.40c. to 1,45¢. net; angles, channels and tees, under 3 in., 1.45c., base, plus full extras.as per steel bar card of September i 1909.; deck beams and, bulb angles, 1.70c...to 1.75c. net; AGE October 6. 1919 Metal Markets hand rail 2.50c. ; 2.50c. net. Plates.—Tank plates, % in. thick, 6% in. up \ 10) jp, wide, 1.40c. to 1.45c., base. Following are stipulat sis pre scribed by manufacturers, with extras to be adde: price (per pound) of plates: tees, checkered and corrugat: i ites, ) base Rectangular plates, tank steel or conforming to manufactur. ers’ standard specifications for structural steel dated }ebruary 6, 1903, or equivalent, 4-in. thick and over on thinnest edge, 19) in. wide and under, down to but not including 6 in. wide, are base. Plates up to 72 in. wide, inclusive, ordered 10.2 Ib. per square foot are considered %4-in. plates. Plates over 72 in. wide must be ordered \-in. thick on edge, or not less than 11 Ib. per square foot, to take base price. Plates over 72 in. wide ordered less than 11 1b. per square foot down to the weight of 3-1(-in. take the price of 3-16-in. Allowable overweight, whether plates are ordered to gauge or weight, to be governed by the standard specification, of the Association of American Steel Manufacturers. Gauges under %4-in. to and including 3-16-in. on thinnest edge a. sepieeleae sce» $0.10 Gauges under 3-16-in. to and including No. 8..... 15 Gauges under No § to and including No, 9 25 Gauges under No. 9 to and including No. 10.... 30 Gauges under No. 10 to and including No. 12.... 40 Sketches (including all straight taper plates), 3 f and over in length 10 Complete circles, 3 ft. diameter and over 20 Boller: an@ Ganwe: steel. ois cis o Wace s Vee eieh ss... 10 * A. B. M. A.” and ordinary firebox steel 20 Still bottom stcel 30 Marine steel 40 Locomotive firebox steel 50 Widths over 100 in. up to 110 in., inclusive 05 Widths over 110 in, up to 115 in., inclusive Widths over 115 in. up to 120 in., inclusive Widths over 120 in. up to 125 in., inclusive Widths over 125 in. up to 130 in., inclusive Widths over 130 in Cutting to iengths or diameters under 3 ft. to 2 ft.. inclusive Cutting to lengths or diameters under 2 ft. to 1 ft.. inclusive : 5 Cutting to lengths or diameters under 1 ft 1.55 No charge for cutting rectangular plates to lengths 3 ft. and over. TERMS.—Net cash 30 days. Sheets.—Makers’ prices for mill shipments on sheets in carload and larger lots, on which jobbers charge the usual discounts for small lots from store, are as follows: Blue an- nealed sheets, Nos. 3 to 8, 1.60c.: Nos. 9 and 10, 1.656.; Nos. 11 and 12, 1.70c.; Nos. 18 and 14, 1.75c.: Nos. 15 and 16, 1.85c. One pass, cold rolled, box annealed sheets: Nos. 15 and 16, 1.95c.; Nos. 17 and 21, 2c.; Nos. 22 and 24, 2.05c.; Nos. 25 and 26, 2.10c.; No. 27, 2.15c.; No. 28, 2.20c.; No. 29, 2.25¢.; No. 30, 2.35c. Three pass, coid rolled sheets, box annealed, are as follows: Nos. 15 and 16, 2.05¢.; Nos. 17 to 21, 2.10c.; Nos. 22 to 24, 2.15c.; Nos. 25 and 26, 2.20c.; No. 27, 2.25c.; No. 28, 2.30c. Galva- nized sheets, Nos. 13 and 14, 2.45c.; Nos. 15 and 16, 2.500e. ‘os. 17 to 21, 2.65c.; Nos. 22 to 24, 2.85c.; Nos. 25 and » 2.95¢. to 3c.; No. 27, 3.05c. to 3.10c.; No. 28, 3.200. to 5e.; No. 29, 3.40c. to 3.45c.: No. 30, 3.60c. to 3.65¢. ted roofing sheets, No. 28, $1.55 to $1.60 per square. anized sheets, No: 28, $2.80 to $2.85 per square, for Fin. corrugations. All above prices are f.o.b. Pittsburgh, ns 30 days net, or 2 per cent. cash discount 10 days ate of invoice. ght Pipe.—The following are the jobbers’ car- “discounts on the Pittsburgh basing card on wrought Pipe, in effect from October 1: -—Butt.——, —Lap.—, ——Lap.— aly. Black. Galv. Black. Galv. ‘ 58 “we soe oe . % j : 83 % to 1% in { 9 2 4 S me : i 76 78 77 points lower basing (high- Butt Weld f Will be sold at two (2) er price) than merchant or card weight pipe, _ Lap Weld lor Lap Weld as specified. ends, Butt Butt Lap Lap 69 59 a ioe 68 %2 73 2, 2% to 4 in Extra strong, plain card weights. 9 to 12 in ve éSé Double extra strong, plain ends, card weight. ins... > 8 58. 61 63: | “So Octobe! 1910 steel pipe discounts are for “ card weight,” subject variation of 5 per cent. \ ne rd on wrought iron pipe has been adopted to _— with the new ecard on steel pipe. Prices have <i | in the same manner as on steel pipe, running four points under the steel pipe discounts above Tubes.—Discounts on lap welded steel and char- ‘iler tubes to jobbers in carloads are as follows: Steel. Iron. im. ob 0a eh ea ee ae cig eine oh we 49 43 in coe eer ee eee eer eer se eerseeseeeseeeeeee 61 3 00 eee eg OKO RE OTe Rte peewee ad 63 48 iN. . osc awihd oe pele saw et a ae 69 55 iD. secets sea yb tae Re ee hae ee 61 43 ) id smaller, over 18 ft., 10 per cent. net extra, and larger, over 22 ft., 10 per cent. net extra. Less n carloads to destinations east of the Mississippi River ul Le s