The Iron Age 1911-01-19: Vol 87 Iss 3

tablished ” 1855 VoL. 87: No. 3 Puousaed very suuisuay oy me DAVID WILLIAMS COMPANY 14-18 Park Place, New York Entered at the New York Tost Cfice as Second Class Mail Matter. Subse Price, United States and Mexico, $5.00 per Annum; to Caraca, ee Pty to Uther Foreign Countries, $10.00 per Annum. Single Copies, 20 Cents. CHar.es T. ROOT, ° 2 - ° o PRESIDENT V. H, TAYLOR, - - - ‘TREASURER AND GENERAL MANAGER ? + ” SECRETARY Haro.o §, BUTTENHEIM, - - Geo. W. Cope, - - - - s A. |. Finovey, - - ° - “ H. R. COBLEIGH, - - - ° . } EpiTors MECHANICAL EolTorR Branch Offices Philadelphia, Real Estate Trust Building Chicago, Fisher Building burgh, Park Buildin “ee Cuan Building Cincinnati, 807 Andrews Building Milwaukee, 416 Engineering Building. CONTENTS. Editorial : PAGE. A More Hopeful Outlook......... ans be Weentascecneee ane The Steel Manufacturers and PriceS.....sseeeeseees 174 New Jersey's Governor on Corporations........+++. ecm ae The Automobile an Economic Good........-s+e6+ eeu ate The Iron Age Index.......+5.. (dos be Re Seances aeons 175 The Ferrosilicon Syndicate..........6+++++ Seb g bepoecees 176 The St. Louis Foundry Foremen’s Association............ 176 The Iron City Spring Company’s New Plant.......... one eee Hon. James T. McCleary. Portrait........ dvdadeveeeeds 177 New PublicOthod... 5c. ccc cecewtcccrvecscene (nese eeweeas 177 The Iron and Metal Market Reports........+eeeee8. 178 to 187 lron and Industrial Stocks:.........-. eedeeeeSeevens ceed 187 Notes on PriceS.......++. bk bik beeen es & Kidda a 620 ¢ ah ee The Machinery Market Reports..........+++. eevee 188 to 198 Congressman Underwood's Tariff Views..... eave téiedveus eee Obituary. PORCH OES 5. ine Ate vik e 4 0 He 0 0 swew 6s vewtna daw 199 Personal .ccsvoscsis Sb Wen scaveeeenvessos coseseeeveses 199 The Engineer as a Salesman...........-. jcdeindiveretes 200 Large Basic Open Hearth Furnaces...... revs hbesageds de 201 Isolated Plant Protective Association........+++. ge tevee 201 Canada’s Economic Upbuilding..........+++- » AA 202 The Massachusetts Institute of Technology Desires More Liberal State Ald. ....cevcccccceccccecee 6046 6eON Gwe wee New Railroad Equipment.........+eeseees ed eeeeeeicore 202 fhe New England Foundrymen’s Association..........+.- 203 Our Foreign Trade Makes a New Record.......-+++++e+5 203 Molders’ and Stove Founders’ Conference....... éeeuvese 203 Standards of Efficiency in Shop Operations..........++.. 204 the Standard Oil Company’s Tin Plate Purchase......... 206 Iron and Steel Production for Twenty-five Years. Illus.... 206 rhe Tariff Commission Convention. .......6.¥eeeees ‘cose Steel Manufacturers Confer on Trade Conditions.......... 208 rhe Dallas Coal, Iron & Steel Company......+-eseseens 211 Canadian Manufacturers Oppose Reciprocity...... pedes 211 F ictuations in Metal Prices for the Period 1898-1910 in Carloads. (With Supplement.)........... eaeasevaeccs man The Bristol Class III. Recording Thermometer. [Illus..... 213 \ccidents in Industrial Plants..........+e+- Chen ctaweesn 214 ephens-Adamson Offices...........es+eee05 a achat ayo. kat ae Machine and Boiler Shops of Improved Construction, Illus. 216 1 he Ingersoll-Rand and Cameron Pump Alliance.......... 222 ‘ihe Triple and Trinity Gaskets. Illustrated. coeee on, ae The Weaver Roller Jaw Chuck. Illustrated........... cos ae (he Merchant Marine Congress......... Seu edeaces vineae 223 ‘he Morris 20-In. Cone Head Lathe. Illustrated........ . 224 The Girod Electric Furnace...... Lc hdadded aw ands c0hbetaee rhe Stirling Packing Machine. Illustrated.........-+.+++ 225 Che Twentieth Century Steel Stock Rack. Illustrated..... 226 United States Petroleum Production im 1910...,...+--++++ 226 Dearborn Feed Water Treatment Abroad.........+.+..-+-+ 226 \n Interesting Labor Imquiry......c-cscecovdsncecseses 220 Eastern Blast Furnace Wage Reductions. ........+.++.+++ 227 Trade Publications........... Pee ea ocwts cceveutdwce eae Current Metal: Bplet@iinc cscs sce wie eveevevecsvessvedgece 300 Cleveland, American Trust Building © ak More Hopeful Cctinnk Rail Orders from Mexico and Argentina Pig Iron Sales Increase, But at the Expense of Prices The steel manufacturers met expectations at their New York conference last week in the unanimity with which they favored holding present prices. Apart from.pig iron producers, who saw no early prospect of betterment in their industry, those who attended found reason for taking a more hopeful view of the situation. This feeling has been communicated to sales organiza- tions and has been reinforced by better buying in some lines, with the result that the net balance of the week’s developments in finished lines is on the side of im- provement. The position of the steel manufacturers is that prices for their products have already been sufficiently readjusted and should not go lower except as there is a general reduction in commodities and labor. They contend further that cutting prices at this time would not increase business. At the same time there is no new evidence of absolute adhesion to a price or that the slight irregularities that have existed for weeks have disappeared. The chief item in the rail trade is.the closing of three export contracts. Argentine lines have taken 15,000 tons from the Maryland Steel Company and 5600 tons from the Steel Corporation, and the latter has closed 5000 tons for a Mexican line. New domestic rail orders are light, but there are several good inquiries. The Tennessee Company’s mill has started rolling on the Louisville & Nashville order of 30,000 tons already announced, but the’ report of 42,000 tons additional for the same line is a fiction. The Gary rail mill has also started up, while the South Chicago rail mill has closed down, Plate mills are counting on a slightly better rolling schedule as the result of recent car orders. The Penn- sylvania Lines West placed 1030 cars and the Pennsyl- vania Railroad Company bought 1000 cars for its east- ern lines. The Missouri Pacific orders were for 1000 refrigerator cars and 1000 steel hopper cars. In structural work the West has made a good show- ing, though no single contract was for more than 1000 tons. On the 6000 tons for the Bureau of Printing at Washington, a Boston firm was low bidder. The Le- high Valley is taking bids on five bridges. The reflection in the market here of strong condi- tions abroad is a factor that will bear watching. Brit- ish tin plates have advanced 6 pence a box in two weeks and the placing of further re-export business with American mills is not unlikely. Canadian inquiry for tin plate in this country is also more active. Pig iron has been bought more freely but, as has happened over and over in the past year, where the volume of sales has grown prices have shrunk, oi 174 THE IRON In eastern Pennsylvania, following recent purchases of 10,000 tons of basic at $14.25, delivered, a 5000-lot was taken by a steel company which also bought 3000 tons of Bessemer and is in the market for 3000 tons of low phosphorus iron, A St. Louis steel foundry bought 5000 tons of basic iron in Ohio and another St. Louis melter bought a smaller amount through Chicago. Pittsburgh reports considerable pig iron inquiry. A pipe foundry in western Pennsylvania is said to have bought 30,000 tons of gray forge from a nearby furnace. An Eastern pipe company took 10,000 tons, half No. 4 Southern iron, on which the price was $10, Birmingham. Buffalo furnaces have inquiries for 25,000 tons of foundry iron and have made sales of 10,000 tons, most- ly at concessions. An eastern Pennsylvania foundry has closed for 5000 tons, and good-sized lots are under negotiation by a New Jersey and a New England foundry. The city of Portland, Ore., awarded 6000 tons of water pipe to the leading cast iron pipe interest, which also took 10,000 tons at Chicago, and made total book- ings for the week of 20,000 tons. Late sales of ferromanganese have been made for delivery throughout the year at $38.50, Baltimore, the lowest price in several years for shipment so far for- ward. Copper declined steadily last week, sales being made as low as 12.37/4c. for electrolytic. Buying was suf- ficient to bring a recovery to 12.55c. Tin has gone to 41.75c. The advance in the past 12 months has been 10c., representing 25c. on a 100-lb. box of tin plates. The Steel Manufacturers and Prices In discussing recently considerations on both sides of the question of reducing or maintaining prices of st¢el products, three important differences between the conditions in the steel trade to-day and those in early 1909 were mentioned in these columns. These were, in brief: First, that the financial condition of the steel companies is now much stronger than at the opening of 1909, and hence there is not as great anxiety to get business; second, that then the country was bare of steel, after 15 months of stock consumption, and was ready, as it is not now, to stock up again in response to lowered prices; third, that the gap between selling prices of finished material and the cost of raw ma- terials and labor is less now than at the close of 1908. In the light of the spirit in which the steel manu- facturers of the country are now co-operating, as made clear by their expressions at the New York dinner of last week, a fourth important consideration should be added to those above, namely, the confidence the manu- facturers have in each other. It is unusual, to be sure, to catalogue what in one view of it is purely a senti- ment, among the economic influences affecting com- modity prices. But if the feeling of friendliness and of regard for mutual interests, to which Chairman Gary gave expression in addressing his guests, is shared by them in the same measure, it must be given a high ap- praisal in any estimate of the future of the steel trade. That such a feeling exists among the heads of the 55 companies which had part in the tribute to Chairman Gary in October, 1909, there is strong evidence. Cer- AGE January 19, 1911 tainly distinct progress ha$ been made in the past tliree years toward realizing the Gary idea that “ aciual friendship may be continuously applied to competi: business.” = e Chairman Gary’s remarks, as reported elsewhere, are of peculiar interest for the light they throw on the present situation in iron and steel. It has been com- “controlled market” for steel products. The form of control that exists, as the author of the plan describes it, is, to say the least, unique among all co-operative movements of manufacturers, That it is vastly stronger than any agreement ever entered into, reinforced by whatever penalties, scarcely need be said. That it will be a factor, and an impor- mon to say that there is a tant one, in determining the course of the steel trade in 1911 is also evident. It is easier to ask than to answer the question, how the stronger confidence the steel manufacturers have in each other will ultimately express itself. It does not mean that under no circumstances will pres- ent prices be changed, though it evidently points to a postponement, at least, beyond the time roundly indi- cated in some predictions, of any change from the pres- ent level. The manufacturers evidently have not lost sight of the possibility of a readjustment involving a general reduction of wages; but their purpose to resist to the utmost any further reduction in the price of their products, as long as the present level is maintained for raw materials and labor, cannot be mistaken. The argument that has seemed conclusive to the manufacturers is that a lowering of prices would not bring the much desired revival in demand. There is in this the implied reservation that a time may come when demand would gather force if the buyer were offered unusual inducements. Yet such a juncture, from the manufacturers’ standpoint, is a matter of the indefinite future. Meantime the hope underlying the decision to maintain conditions as they are is that at a time not far distant the turn in the tide will show itself so plainly that the whole trade will move on without the necessity of any further readjustment. New Jersey’s Governor on Corporations Governor Woodrow Wilson’s inaugural address, as was expected, scored the State of New Jersey severely for its laxity in indiscriminately issuing charters to corporations. He urges “the imperative obligation of public policy and of public honesty we are under to effect such changes in the law of the State as will henceforth effectually prevent the abuse of the privi- lege of incorporation which has in recent years brought so much discredit upon our State.”” No defense can be made to the charge here made, as for some years it appeared to be possible to secure a New Jersey char- ter for any kind of a corporation, authorizing it to engage in any function whatever. Latterly, however, the officers transacting this part of the business of the State have proceeded with much more circumspection, as other States, with similarly lax incorporation laws, have been sought out by those who were not anxious to have their projects for incorporation too closely inquired into. But while Governor Wilson proposes to make the New Jersey corporation laws more stringent so as to safeguard the public in raising the standard set for new applicants for corporate privileges. he goes further in his recommendations. He says: ry 19, 1911 h scrutiny and regulation ought not to be confined to itions seeking charters. They ought also to be extended porations already operating under the license and author- the State. For the right to undertake such regulation eptible of easy and obvious justification. A modern cor- n—that is, a modern joint stock company—is in no sense an intimate or private concern. It is not set up e risk and adventure of a few persons, the persons who ite it, manage it. carry it to failure or success. On the ary, it is set up at what may be called the common risk. a rigk and adventure in which the public are invited to and the hundreds, perhaps thousands, who subscribe to stock do in fact share in it, oftentimes without sharing in any effectual manner, in the control and development business in which their risk .is taken. Moreover, these ern enterprises, with their exchequers replenished out of smmon store of the savings of the nation, conduct business actions whose scope and influence are as wide as whole egions of the Union, often as wide as the nation itself. They sometimes the lives and fortunes of whole communities, ate prices, determine land values, make and unmake mar develop or check the growth of city and of countryside. w is at liberty to adjust the general conditions of society it is at liberty to control these great instrumentalities | nowadays, in so large part, determine the character of ty Wherever we can find what the common interest is in ct of them, we shall find a solid enough basis for law, for rm (he principle here laid down is eminently correct. must have the corporate form for the transaction modern business, in its great scope, its huge rami- ions and its large units of operation. The corpora- 1 cannot be abolished, nor can a limit be set to its ve, so far as capitalization goes. It is possible that future may see even larger corporations than any in existence, required by the still greater commer- cial and manufacturing developments of more greatly expanded trade. We have become accustomed to cor- porations, although many are now very large, and, as Governor Wilson says, they “are no longer hobgoblins which have sprung at us out of some mysterious am- bush.” But they must be so regulated and controlled that the fact will be apparent to the public or the ani- mosity now existing against corporations because of he past vicious practices of some of them may take destructive form, Not only New Jersey, but some other States need to reform their corporation laws. The Automobile an Economic Good Progress in the development and use of small in- ternal combustion engines has been remarkable in the So important have small gasoline en- gines become to the farmer that manufacturers have ircely been able to keep pace with the demand. Mo- r boats are finding a large field for commercial use. Small manufacturing plants are supplied with power In thousands past 10 years, nominal cost by gasoline engines. small mining operations, where the cost of trans- rting coal would be prohibitory, the gasoline engine ipplies cheap power. In fact, engines of this class ve become an important factor in the production of ealth. While the pleasure automobile has been generally varded as a destroyer of capital, possibly the money spent by users of pleasure cars may be merely the price he country has paid for the development of a new ney of production. The gasoline engine 10 or 15 i's ago was erratic and uncertain, and one of the great problems in the development of the automobile has been to perfect it so that its owner would not be randed far from home. The builders of gasoline en- nes for all other purposes have profited by the mil- ns expended by the automobile manufacturer. \Vhile manufacturers whose materials and products shipped in carloads are almost universally located THE IRON AGE 175 on railroad sidings, an enormous amount of traffic re- mains to be moved by teams in the cities. A recent estimate of this traffic in New York City alone places it at 54,000,000 tons annually. When a complicated machine of any kind is placed in the hands of the pub- lic, an enormous amount of capital is necessarily sunk It has been esti- mated that the development of modern harvesting ma- chines cost upward of $100,000,000 in the failures of companies that built imperfect machines. The build- ers who survived profited by the mistakes of those who failed, which seems to be necessary in the evolution of any complex machine subjected to hard usage. in failures and experimental work. A motor truck is subject to more severe strains and abuse than a harvesting machine. It requires an evo- lution in the materials used in its construction, as well as in the design of its machinery. To manufacture trucks economically requires a large investment in plant, and if the perfecting of a motor truck were car- ried on by itself, the capital invested would be exposed to an unusual hazard. The pleasure car manufactur- ers have rendered an economic service to the country _by leading the way into this unknown field of enter- prise. Their profits have been large and they have been able to carry the cost of experimental work and They have over- come at least go per cent. of the hazards that would confront an investment in the manufacture of trucks. Even the steel industry has profited by the demands made upon it by the automobile manufacturer. The severe strains developed in the frame of a car traveling losses due to imperfect construction, rapidly over rough or uneven roads called for new dis- coveries and applications of alloy steels. The machine tool manufacturer has found that these alloys are su- perior to any material used heretofore for certain parts of his machines, and their use will undoubtedly extend into many other fields. A durable motor truck could not have been built with the materials to be had 10 years ago, but the pioneer work of the manufacturer of pleasure cars has mastered practically all the difficul- ties in materials. The usefulness of the motor truck may extend far beyond the paved streets of the city. While the statis- ticians who figure the cost of moving farm products from the field to the railroad may sometimes exagger- ate, there is no doubt that farmers will invest in motor trucks when the capital and maintenance cost bring them within their reach. The cost of living has not been increased so much by the advance in wheat and common commodities as in the hundred and one little things that the modern consumer demands. Whatever saves time and cost in bringing these minor products to market and distributing them will be of enormous economic value to the people. It would seem, on the whole, that the automobile has merely distributed among a large number of people a burden of pioneer expenditure that might otherwise have been concen- trated in the form of enormous losses to manufactur- ers who ventured into this new field of mechanical development. The Iron Age Index The index to Volume 86 of The Iron Age, July 1 to December 31, 1910, has been compiled and printed and will be mailed to subscribers applying for it. A list of those who have received the index heretofore is 176 THE IRON AGE kept in this office, and to all such the latest one will be mailed without notice from them. Additional names will be put upon this list on request. ee The Ferrosilicon Syndicate Confirming the statements made in The Jron Age some weeks ago concerning an arrangement among Euro- pean makers of ferrosilicon, the January 6 issue of the Iron and Coal Trades Review, London, says: “ Following on negotiations which have been in hand for some months past the necessary steps for the formation of an inter- national syndicate of ferrosilicon producers are about io be taken at a meeting, to be held at Mannheim, Germany, during the next few days. It is stated that the syndicate will comprise all the ferrosilicon producers on the Con- tinent, and will be organized for a period of five years. It is also announced that a special contract has been ar- ranged with the Berner Kraftwerk Gesellschaft of Berne, in accordance with which this company will cease to manufacture ferrosilicon, in return for which it will re- ceive an annual indemnity from the syndicate.” ————— pom” Spang, Chalfant & Co., Inc.—The annual meeting of Spang. Chalfant & Co., Ine., operating the Etna Iron & Tule Works, Pittshurgh, Pa., was held in that city Jan- uary 1°. The following officers were re-elected: Henry Chalfant, president; D. B. McClelland, vice-president and treasurer; A. M. Belk, assistant treasurer, and W. C. Heath, secretary. The first three named, together with PD. E. Park and C. H. Spang, were re-elected directors. The company had a very prosperous year in 1910, and has plans under way for the concentration of its ma- chine shops. It will build a new machine shop and pat- tern shop. expected to be finished about March 1, for which all tools have heen purchased. Stine sebiacindiie On Monday. January 16, the Ohio Works of the Car- negie Steel Company, at Youngstown, Ohio, resumed operations in full in the open hearth and Bessemer de- partments with. four of the blast furnaces in operation and two idle. The Bessemer plant of the Republic Iron & Steel Company and nearly all the finishing mills at its Brown-Bonnell and Mahoning Valley works, also af Youngstown, started up the same day to practically full operation. The industries in the Youngstown district are working to fuller capacity this week than for some time. Edgar Allen & Co., Ltd., Imperial Steel Works, Shef- field, England, whose chief American office and ware- house is at 434 West Randolph street, Chicago, announce that agency arrangements have just been completed with the following named firms at whose warehouses large and comprehensive stocks of Allen’s high speed and carbon tool steels will be carried: Roehm & Davison, Detroit, Mich. ; J. L. Osgood, Erie County Bank Building, Buffalo, N. Y.; John J. Greer & Co., Inc., 207 West Pratt street, Baltimore, Md. Owing to increasing pressure of business and to the necessity for night work which has existed for some time at the Remington Typewriter Works, Ilion, N. Y., the works are to be given a largely increased capacity by the erection of a new administration building which, when completed, will make all of the factory floor space available for. manufacturing, and will clear the way to further additions which are being planned. The Pittsburgh Emery Wheel Company, Pittsburgh, Pa., held its annual meeting in that city January 12, at which the following officers were elected: President, Chas. G. Smith; vice-president, J. Walter Hetzel; sec- retary and-treasurer, Albért W. Smith. The officers presented a very encouraging report, business having shown a steady growth since the formation of the com- pany. & Tube Company, Youngstown, Ohio, are incorrect. January 19, (gir The St. Louis Foundry Foremen’s Association It was with pardonable pride that on the occ:sio), of the first annual meeting and banquet of the St. Jos Foundry Foremen’s Association, which took place 01) the evening of January 14, at the Missouri Athletic ( \y)), the originators and organizers, few in number as us)).\\y is the case, of the association saw over 100 members . nd guests seat themselves in the banquet hall. It wouiq doubtless better represent the aim of the associatio) t) reverse this comment, since the slogan of the body js comradeship. And this spirit is so full and so broad that the presence of interested proprietors of St. Lonis foundries is welcome not only at the festive board jy also at the regular meetings of the association. After the menu had been discussed, former president, J. P. Pero, superintendent of the Missouri Malleable Iron Company, who acted as toastmaster, introduced th newly elected president, W. E. Whitman, superintendent of the Whitman Agricultural Company, who respoided to the toast, “The St. Louis Foundry Foremen’s sso- ciation.” He was followed by Eugene W. Smith, foun- dry superintendent of the Crane Company, Chicago. \y. Smith being a past president of the Associated Foundry Foremen, he was selected to respond to the toast, “ The Associated Foundry Foremen.” In introducing Mr. Smith, Toastmaster Pero availed himself of the o))or- tunity of thanking that gentleman in behalf of the 4s»- sociation for having been instrumental in starting the St. Louis Association and for his valuable aid and cou- sel. The next speaker was Geo. F. Steedman, president of the Curtis & Co. Mfg. Company. Ferd. Messmer, pres- ident of the Ferd. Messmer Mfg. Company; Geo. Rogers, president of the Excelsior Foundry Company of Belle- ville, Ill.; Charles Barker of the S. Obermayer Company, and E. E. Squire, Jr., of E. E. Squire & Co., also made short addresses The evening wound up with a vaude- ville entertainment, a complimentary affair tendered the association by the supply men, who are eligible as hon- orary members. The association was organized April 30, 1910, and has now on its roll 61 members. Its membership is not con- fined to St. Louis, but takes in the neighboring manufac- turing districts. The officers for the ensuing year are as follows: President, W. E. Whitman; secretary, G. Roy Rook; treasurer, W. S. Gemmer. —_—_-->o> __ —- The Iron City Spring Company’s New Plant.—Tlor some years this company operated a plant at 510 Alle gheny avenue, but some time ago secured a site at 2920 Smallman street, Pittsburgh, and has completed a new steel building, 80 x 120 ft., equipped with a 60-hp. Mertes duplex gas engine, and has installed a complete line of machinery for the manufacture of wagon, truck and auto springs. Frank B. Nimick is president; W. D. Taylor, secretary and treasurer, and Mark M. Foster, general manager. The new plant was started last week. In addi- tion to the above named products the company will re pair springs. For the present it will handle all sales trom the work’s offices. — —— - ~~ e T. Coleman Ward, resident manager of Hickman, Williams & Co., Oliver Building, Pittsburgh, has bee appointed receiver of the Enterprise Foundry Comp:ly of the same city. The plant, which makes small cast- ings, will be continued in operation under the manage ment of the receiver. The Stark Rolling Mill Company, Canton, Ohio, re ports a good demand for Toncan metal sheets, orders being sufficient to keep its plant running near full © pacity. Among orders recently received by this compaly was one for 5000 tons of Toncan metal for shipment ‘0 South Africa. Reports that a six-day week plan had been put 12 operation at the blast furnaces of the Youngstown Sheet nuary 19, 1911 Hon. James T. McCleary Secretary of the American Iron and Steel Institute (At the dinner given in New York, January 11, by iirman E. H. Gary to the steel manufacturers, an- ouncement was made of the appointment of Hon. James rhompson McCleary as secretary of the American Iron nd Steel Institute. Mr. McCleary was introduced to the thering and made a brief address. His selection 4s retary of the institute is in pursuance of the policy tlined at the annual meeting in New York, May 27, 10. at which it was decided to broaden the work of . organization. In addition to the bringing out from ne to time of papers dealing with important develop- ents in iron and steel manufacture, it was planned to e the institute’s activities include the relations of JAMES THOMPSON McCLEARY. le industry in the United States to producers in other countries; the relations of employers and employees as involved in accident compensation, relief and pension systems and hours and other conditions of labor; the lection of statistical and other information; commer- inl conditions. contract obligations, &c. On Mr. Me- Cleary’s assumption of this important work some at- count of his career is appropriate. He was born and educated in Canada. Coming to the United States as a young man he taught school for several years in Wisconsin. In 1881 he resigned the <uperintendency of the Pierce County, Wis., schools to ecome professor of history and political science in the State Normal School at Mankato, Minn. After 11 years n this position he was elected to Congress in 1892, and was repeatedly re-elected, serving 14 years continuously. In March, 1907, on the completion of his service in Congress, Mr. McCleary was appointed by President Roosevelt Assistant Postmaster-General in charge of the transportation of the mails on land and sea, controlling expenditures of about $87,000,000 a year. In September, 1908, he resigned this position to accept his ninth nomi- nation for Congress. Again, as in 1906, he was defeated for election because of his uncompromising stand in favor of protection to all American industries. Mr. MecCleary’s committee service in Congress covered a wide range. Among his principal committees were those on Banking and Currency, Labor, Appropriations and Ways and Means. For eight years he was chairman a THE IRON AGE 177 of the Committee on the Library, which has jurisdiction over all bills relating to the Congressional Library, the Botanical Garden and Public Art. Among his predeces- sors in this position were John Quincy Adams and Rutherford B. Hayes. During his service in this position more was accomplished in providing national memorials in honor of historic men and events than in any similar period. Among these were memorials in Washington to Rochambeau, Pulaski, Von Steuben, Christopher Colum- bus, John Paul Jones and Commodore John Barry; me- morials at the battlefield of King’s Mountain, N. C.; Princeton, N. J., and New Orleans, La.; one in Brooklyn, N. Y., in honor of the prison martyrs, and one at Prov- incetown, Mass., to mark the first landing place of the Pilgrim Fathers. In 1905 Mr. McCleary was sent to Europe by the Ab- raham Lincoln Memorial Commission appointed by Con- gress—of which Wm. H. Taft, then Secretary of War. was Chairman—to get ideas for a national memorial. On his return he recommended as the most suitable memorial to Lincoln a magnificent highway, “the finest in the world,” from the White House, in Washington, to the battlefield of Gettysburg, Pa. A bill to carry out this idea was introduced by Senator Knox, now Secretary of State. It passed the Senate, but did not pass the House. Another bill for this purpose is now pending. On February 12, 1896, Mr. McCleary delivered in the National House of Representatives a speech against free silver, which became the leading document in the Presi- dential campaign of that year, its circulation reaching many millions. Mr. McKinley regarded this speech as the most potent factor in securing the victory for sound money. In recognition of this, he personally desired in 1897 to appoint Mr. McCleary Secretary of the Treasury. But outside pressure prevailed with him to appoint Mr. Gage. A Mr. McCleary is the father of the most noteworthy feature of the existing tariff law—the minimum and max- imum provision, which furnishes our Government what it never had before, a means of compelling other coun- tries to give us fair treatment on tariff matters—he hav- ing introduced the first bill presented to Congress for that purpose, New Publication Statistics of the American and Foreign Iron Trades. Part Il. of the Annual Statistical Report for 1909 of the American Iron and Steel Association. Pamphlet, 6 x 9 in.; pages, 24. Price, $2. Published by the American Iron and Steel Association, 261 South Fourth street, Philadelphia, Pa. Part II. of the annual report prepared by James M. Swank contains valuable information which could not be included in the report published in July, 1910. It con- tains the statistics of sheets and tin plates, production of merchant bars and all forms of rolled products of iron and steel, production of cut and wire nails, sum- mary of iron and steel statistics for 1908 and 1909, pro- duction of pig iron in the United States for 100 years, production of steel ingots and castings and finished rolled iron and steel in Canada in 1909. ee rene The committee appointed to examine the sale sheets on iron bars for November and December of the Republic iron & Steel Company and Union Rolling Mill Company found that the average price was 1.35 cents, which fixes the price of puddling for January and February on the basis of $5.87%4 per ton. The wages for sheet and tin plate mills for January and February will be on the same basis as for the two preceding months. The Garry Iron & Steel Company, Niles, Ohio, has be- gun the construction of a puddling mill in connection with its plant, to comprise six double pnddling furnaces and muck bar mill. This will enable the company to manu- facture puddled iron sheets. be Sst ie Fae ty # Es Bd aig ® ib a [ae ee oe THE IRON AGE January 19, 19:1 The Iron and Metal Markets extras as per steel bar card of September 1, 1909; de k beams and bulb angles, 1.70c. to 1.75c., net; hand rail tees, 2.50c.; checkered and corrugated plates, 2.50c., net. Plates.—Tank plates, 44 in. thick, 64 in. up to 100 wide, 1.40c. to 1.45c., base. Following are stipulations pre- scribed by manufacturers, with extras to be added to base A Comparison of Prices Advances Over the Previous Week in Heavy Declines in Italics. ; At date, one week, one month and one year previous, Jan.18, Jan.11, Dee.21, Jan.19, Type, SHEETS, NAILS AND WIRE, Per Pound: Cents. Cents. Cents. Cents. Sheets, black, No, 28. Pittsburgh 2.20 2.20 2.20 2.40 ‘Wire nails, Pittsburgh*........ 1.70 1.70 1.70 1.85 Cut nails, Pittsburgh.......... 1.60 1.60 1.60 1.85 Barb wire, galv., Pittsburgh*... 2.00 2.00 2.00 2.15 METALS, Per Pound: Cents. Cents. Cents. Cents. Lake copper, New York........ 12.75 12.75 13.00 14.00 Electrolytic copper, New York... 12.50 12.50 12.75 13.75 Spelter, New York........:...% 5.55 5.55 5.75 6.25 Botte: Bt. omits . i GE. ae 5.40 5.40 5.65 6.10 i ed. . SP ee 4.50 4.50 4.50 4.70 Re Ge INE s ks sc Saosin 06 0.0 4.35 4. 35 4.35 4.60 oe. Se Os. b inah ocean anes 41.75 40.2 87.90 32.75 Antimony, Hallett, New York... 7.8714 8.00 7.75 8.25 Tin plate, 100-lb. box, New York $3.84 $3.84 $3.84 $3.84 * These prices are for largest lots to jobbers. Prices of Finished Iron and Steel f.o.b. Pittsburgh Freight rates from Pittsburgh in carloads, per 100 Ib.: New York, 16c.; Philadelphia, 15c.; Boston, 18c.; Buffalo, lic.; Cleveland, 10c.; Cincinnati, 15c.; Indianapolis, 17c.; Chicago, 18c.; St. Paul, 32c.; St. Louis, 22%4c.; New Or- 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; 65c. on wrought boiler tubes. Structural Material.—I-beams and channels, 3 to 15 in., inclusive, 1.40c. to 1.45c., net; I-beams over 15 in., 1.50c. to 1.55c., net; H-beams over 8 in., 1.55c. to 1.60c.; angles, 8 to 6 in., inclusive, 4 in. and up, 1.40c. to 1.45c., net; angles over 6 in., 1.50c. to 1.55c., net; angles, 3 in., on one or both legs, less than 44 in. thick, 1.45c., plus full extras as per steel bar card, effective September 1, 1909; tees, 3 in. and up, 1.45c., net; zees, 3 in. and up, 1.40¢, to 1.45c., net; angles, channels and tees, under 3 in., 1.45c., base, plus full g PIG PRON, Per Gross ton: 1911. 1911. 1910. 1910. price (per pound) of plates: ; Foundry No. 2, standard, Phila- : “ ie Rectangular plates, tank steel or conforming to manufactur Gelphia ........2 5000+ eeeees $15.50 $15.50 $15.50 $19.00 ers’ standard specifications for structural steel dated February Foundry No. 2, Southern, Cincin- 6, 1903, or equivalent, 4-in. thick and over on thinnest edge, 1\)\) ) nati PEER RE Ray Ie 14.25 14.25 14.25 17.25 lg og and under, down to but not including 6 in. wide, are Foundry No. 2, local, Chicago.. 15.50 15.50 16.00 19.00 Plates up to 72 in. wide, inclusive, ordered 10.2 Ib. per square Basic, delivered, eastern Pa.... 14.25 14.75 14.75 18.75 foot are considered \4-in. plates. Plates over 72 in, wide mu: Isasic, Valley furmace.......... 3.25 3.25 138.25 17.00 be ordered 4-in, thick on edge, or not “' — aa Tb. per Seeare sseme tts 7 5.9 5.9 5.9 9.90 foot, to take base price. Plates over 72 in. wide ordered less Bessemer, Pittsburgh a aaron tee 16. ’ 16. . 16. ° a than 11 Ib. per square foot down to the weight of 3-16-in. take Gray forge, Pittsburgh......... 14.15 14.15 13.90 17.40 the price of 3-16-in. Lake Superior charcéal, Chicago 18.00 18.00 18.00 19.50 Allowable overweight, whether plates are ordered to Fiuse or weight, to be governed by the standard specifications of the A; BILLETS, &c., Per Gross Ton : sociation of American Steel Manufacturers. Bessemer billets, Pittsburgh.... 23.00 23.00 23.00 27.50 Gauges under \4-in. to and including 3-16-in, on Forging billets, Pittsburgh 2800 28.00 28.00 31.00 thinmest . cdge,.........e0eu00 ae esinesenceacs $0.10 ; . se! ; ce ts See pag ae et ae Gauges under 3-16-in. to and including No, 8..... 15 ‘Soe Open hearth billets, Philadelphia 25.40 £5.40 25.50 30.60 Gauges under No. 8 to and including No, 9....... “25 ie Wire rods, Pittsburgh......... 28.00 28.00 28.00 33.00 Gauges under No. 9 to and including No. 10...... .B0 a Gauges under No. 10 to and including No. 12..... 40 - OLD MATERIAL, Per Gross Ton: Sketches (including all straight taper plates), : ¥ eat ile as K x & ° Sd .OVSE Ws TOMB. oo cs cen bc we UE TE Ve Oe .10 Iron rails, Chicago..........-. 14.50 14.50 15.50 20.00 Complete circles, 3 ft. in diameter and over...... 20 Iron rails, Philadelphia........ 17.00 17.00 17.00 20.50 Roller Wil NE. BEBO ges kan chins Cow K Oe a 10 Car wheels, Chicago........... 13.00 13.00 13.50 18.50 “ A. B. M. A.” and ordinary firebox steel........ .20 Car wheels, Philadelphia...... 13.00 138.00 13.00 17.50 ea viper BOO. . ove Ws aC dink we ee cede ee sec’ od sip eee : = “ os 7 WE SE vnre oe aa Teeth vee as Ck RES ERO O OS 4 ee: SOR Se Puebares. ; _— _— ae : ae - Locomotive firebox stoel.s i... sé essen ov seiedi vis. 50 Heavy steel scrap, Chicago..... 11.50 11.50 12.00 16.00 Widths over 100 in, up to 110 in., inelusive...... OD Heavy steel scrap, Philadelphia 12.50 12.50 12.50 17.00 Widths over 110 in. up to 115 in., inclusive...... 10 Widths over 115 in. up to 120 in., inelusive...... 1h FINISHED IRON AND STEEL, wate over 1 a in. up to 125 in., inclusive...... ood - y $s over 125 . 30 in., 5 Ps aes ae 50 Per Pound: Cents. Cents. Cents. Cents. WiC oe ee tl alee Bessemer steel rails, heavy, at Cutting to lengths or diameters under 3 ft. to 2 RE Sab bos os siecwce oy ee bs 1.25 1.25 1.25 1.25 EE, IMCIUAIVE.. . o.06c ue cinweien ss bce ose i eens 43) Refined iron bars, Philadelphia. 1.32%4 1.82% 1.35. 1.60 Cutting to lengths or diameters under 2 ft. to 1 " ae I a Chicag. 1.30 % 1 30° 1.35 1.60 TE: BOCORRCG: Ea is Ws 0s ba ch) te exe ete eee 50 Common iron ey - LICAEO...- = _ 09 ‘0 Cutting to lengths or diameters under 1 ft....... 1.55 Common ircn bars, Pittsburgh.. 1.35 1.35 1.40 1.70 No charge for cutting rectangular plates to lengths 8 ft. ané Steel bars, tidewater, New York 1.56 1.56 1.56 1.66 over. Steel bars, Pittsburgh......... 1.40 1.40 1.40 1.50 TERMS.—Net cash 30 days. Tank plates, tidewater, NewYork 1.56 156 156 1.71 Sheets.—Makers’ prices for mill shipments on sheets in ah ‘. . o . 3 o 44 ° ° fank plates, Pittsburgh........ 4.40 1.40 1.40 1.55 carload and larger lots, on which jobbers charge the usual Beams, esemates, ree York... 156 156 1.56 1.71 discounts for small lots from store, are as follows: Blue nen oe , sae lig er ae pes ee annealed sheets, Nos. 3 to 8, U. S. standard gauge, 1.55c. ; Angies, tdewater, sew OrK... 06 v0 v6 1.71 Nos. 9 and 10, 1.65¢. : Nos. 11 and 12 1.70c. : Nos. 13 and Been, PIG OIER s «4>195:9.00 <0 1.40 1.40 1.40 1.55 14. 1.7&.: Nos - 2 = - as : or oes te pa rie S 4, 1.75¢.; Nos. 15 and 16, 1.85¢. One pass, cold rolled, Skelp, grooved steel, Pittsburgh. 1.25 1.25 1.25 1.50 box annealed sheets, Nos. 10 to 12, 1.85c.; Nos. 13 and 14 Skelp, sheared steel, Pittsburgh. 1.30 1.30 1.35 1.60 ae . ee >, Aang eee : 1.90c.; Nos. 15 and 16, 1 Se. ; Nos. 17 to 21, 2c.; Nos, 22, 23 and 24, 2.05c.; Nos. 25 and 26, 2.10c.: No. 27, 2.15c.; No. 28, 2.20c.; No. 20, 2.25c.; No. 30, 2.35¢. Three pass cold rolled sheets, box annealed, are as follows: Nos. 15 and 16, 2.05c.; Nos. 17 to 21, 2.10c.; Nos. 22 to 24, 2.15c.; Nos. 25 and 26, 2.20c.; No. 27, 2.25¢.; No. 28, 2.30c.; No. 29, 2.35¢e.; No. 30, 2.45c. Galvanized sheets, Nos. 10 and 11, black sheet gauge, 2.20c.; No. 12, 13 and 14, 2.30c.; Nos. 15, 16 and 17, 2.45c.; Nos. 18 to 22, 2.60c.; Nos. 23 and 24, 2.70c.; Nos. 25 and 26, 2.90c.; No, 27, 3.05c.; No. 28, 3.20c.; No. 29, 3.30c.; No. 30, 3.50c. Painted roofing sheets, No. 28, $1.55 per square. Galvanized sheets, No. 28, $2.75 per square for 2%4-in. corrugations. All above prices are f.o.b. Pittsburgh, terms 30 days net, or 2 per cent. cash discount 10 days from date of invoice. Wrought Pipe.—The following are the jobbers’ carload discounts on the Pittsburgh basing card on wrought pipe, in effect from October 1 Butt Weld. -——Steel.——_, -—Iron.——, 7 Black. Galy. Black. Galv. Se ME Bbc ewewatte dita a 72 58 68 54 is CN eta' sabe a5 9:4 ttt eo alncie been 75 63 71 59 i We MR sans 6a t0a0 6s daen 79 69 75 65 rrr a 80 70 76 66 Lap Weld. eit 86e ss a Wis «alee 76 66 72 62 2% MR sn a Sa 6 600 wd see 78 68 74 64 OE MW ARS. i EI 17 67 73 63 F BRR: hens od ak Pen kads Lh 75 59 71 55 Be Sa cc cs od deb bceae 51% as Butt Weld, extra strong, plain ends, card weights. , \, WRT ns <9. 0is ode ab b 05s 69 59 65 55 SNE a Sh ne nem bo rca Eda one 0% 74 68 70 64 EMR os 5453 pa eh ee 78 72 74 68 FOO, ek ce aes Saac sees 79 73 75 69 Lap Weld, extra strong, plain ends, card weight. wht ow Riess on. owe aan 75 69 71 65 2% ail eg te 77 71 73 67 eee MNS Se tes cae bode ee 76 70 72 66 BK UO, 3.06% Salis See nee 69 59 65 55 NG 5p 9 ich < och ba 64 54 60 50 Butt Weld, double extra strong, Ses ends, card weight. RG Ss > 3526 ose cs Vitis awe 58 60 54 ORM MR a 2s cod chess Oe 87 61 638 57 NS iin in ds, neo baie 69 63 65 Lap Weld, double extra strong, plain ends, card weight. BEANS eles el Ve Re 65 59 61 55 MMS uai2. sas aeeaade 67 61 63 =. 57 MINE, 3iia as hx 3c 6 pals ae 66 60 62 56 TO Ws 6 6 Wayans Sac bdwapon 59 49 55 45 uary 19, 1911 Plugged and Reamed. 1 to 1%, 2 to3 in... Butt Weld { Will be sold at two (2) points lower basing (high- 4er price) than merchant or card weight pipe, Butt 2,2% to4in....... Lap Weld | or Lap Weld as specified. The above discounts are for “ card weight,”’ subject to the sual variation of 5 per cent. Prices for !ess than carloads are iree (3) points lower basing (higher price) than the above dis- unts, Boiler Tubes.—Discounts on lap welded steel and char- i! iron boiler tubes to jobbers in carloads are as follows: Steel. Iron. 17Oe Sah Bes sd abled a> cmd» ERE OAS COs hen 49 43 1% tO 24 IM. cece eres ere srcegeciveveens 61 43 Zhe 10). oo we ac Fs. 090s ® ewipielns a:s(w 4 wees oe ee 63 48 2% i. BBO sab os b a0 a Oo © dee bee. 5 etka eal 69 55 2\% in. and smaller, over 18 ft., 10 per cent. net extra, 2% in. and larger, over 22 ft., 10 per cent. net extra. Less than carloads to destinations east of the Mississippl River will be sold at delivered discounts for carloads lowered by two points, for lengths 22 ft, and under; longer lengths, f.0o.b. Pittsburgh. Wire Rods.—Bessemer rods, $28; open hearth and chain rods, $28. Steel Rivets.—Structural rivets, % in. and larger, 1.90c., ; cone head boiler rivets, 44 in. and larger, 2c., base; 5% n. and 11-16 in. take an advance of 15c., and % in. and 9-16 in. take an advance of 50c.; in lengths shorter than 1 in. also take an advance of 50c. Terms are 30 days, net cash, f.o.b. mill. pase Pittsburgh PARK BUILDING, January 18, 1911.—(By Telegraph.) Pig Iron.—The Standard Sanitary Mfg. Company is asking prices on 6000 to 8000 tons or more of Nos. 2 and 3 foundry iron for delivery at its Louisville, New Brighton and Pittsburgh plants. As low as $13.50, Valley furnace, has been quoted on this inquiry on No, 2, while some fur- naces quote $13.75 and as high as $14. A steel casting in- terest is inquiring for 2000 to 3000 tons of basic for deliv- ery at Alliance, Ohio. While $15, Valley furnace, is still the nominal price of Bessemer, sales are reported of 3000 to 4000 tons at less than this figure. Reports of sales of 4000 tons of basic at $13.65, Valley furnace, are absolutely denied. We quote Bessemer iron nominally at $15;basic, $13.25 to $13.50; No. 2 foundry, $13.75, and gray forge, $13.25, all at Valley furnace, the freight rate to the Pittsburgh district being 90c. a ton. Steel.—We note several small sales of Bessemer and open hearth billets at the regular price of $23, base, and ulso a sale of 400 tons of open hearth sheet bars at $24. We quote Bessemer and open hearth billets, 4 x 4 in. and- up to, but not including, 10 x 10 in., at $23, base, and sheet and tin bars in 30-ft. lengths, $24, f.o.b. Pittsburgh or Youngstown, full freight to destination added. We quote 1\4-in. billets at $24 and forging billets at $28, base, usual extras for sizes and carbons, f.o.b. Pittsburgh or Youngstown districts, freight to destination added. (By Mail.) There is a decidedly better feeling this week, and the large steel interests believe that the tide has turned. One leading interest reports that its bookings show a decided increase over the same period in December, and others state that new orders show a slight increase with inquiries very much better. The feeling is strong that the bottom of the inarket has possibly been reached, and that there will be freer buying in the future. In spots prices are stronger. Some fairly large inquiries for pig iron. are out, one for 6000 to 8000 tons of foundry, another for 1000 tons of basic and several for smaller lots of Bessemer and gray forge. Specifications against contracts for billets and sheet bars are a little better, with indications of further improvement. The orders for steel cars noted in this report have given encouragement to the plate makers, who believe that the long deferred equipment in the placing of cars orders has at last started. Prices on several grades of scrap are stronger, and the feeling in coke is better. Ferromanganese.—Sales of 700 to 750 tons of foreign SO per cent. have been made for delivery over all of 1911 at $38.50, Baltimore. This is the lowest price at which ferro- manganese has sold for delivery so far ahead for several years. The price for prompt delivery is lower, 80 per cent. foreign for such shipment being quoted at $38. The freight rate for delivery in the Pittsburgh district is $1.95 a ton. Ferrosilicon.—Prices continue weak, and there is not much new inquiry. A sale of 60 tons of 50 per cent. for for- ward delivery has been made at $55, Pittsburgh. For prompt delivery the price is lower and we quote at $54. We quote 10 per cent. blast furnace silicon at $23; 11 per cent. $24, and 12 per cent. $25, f.o.b. cars, Jisco and ‘Ashland furnaces, Skelp.—The market is firmer and 1.25c. on grooved steel THE IRON AGE THE IRON AND METAL MARKETS 179 skelp is now being named only on very large contracts and for prompt specifications ; several makers will not sell below 1.30c. A local pipe mill recently placed a contract for 2000 tons of wide plates to be made up into large sized pipe for a gas line. We quote grooved steel skelp, 1.25¢. to 1.30¢.; sheared steel skelp, 1.30c. to 1.35c.; grooved iron skelp, 1.60c. to 1.65c., and sheared iron skelp, 1.70c. to 1.75c., all for delivery at consumers’ mills in the Pittsburgh district, usual terms, Muck Bar.—The A. M. Byers Company has started. up 37 of its 42 new puddling furnaces at Girard, Ohio. © It now has a total of 86 puddling furnaces there, being the largest puddling plant in the Central West. The puddling plant of the Kittanning Iron & Steel Company, at Kittan- ning, Pa., has been shut down since January 1. We quote muck bar nominally at $29, Pittsburgh, in the absence of any recent sales. Steel Rails.—The Carnegie Stee] Company has recently taken some fairly large orders for rails for export. Orders received by this company for steel ties during 1910 were considerably heavier than in 1909, with the outlook for a still larger demand this year. The coal mining concerns are placing fairly large orders for light rails, but very little business is coming from the lumber interests. Quotations on light rails are as foilows: 12-lb. rails, 1.25¢.; 16, 20 and 25 Ib., 1.21¢. to 1.25¢.; 30 and 35 Ib., 1.20c., and 40 and 45 Ib., 1.16c. The prices are f.o.b, at mill, plus freight, and a