The Iron Age 1911-04-27: Vol 87 Iss 17

HE IRON AGE ——ooOoOooooon—eEeEeeee———e—ee——————— Becavi!shed New York, April 27, 1911 Vou. 87: No. 17 Published Every Thursday by the DAVID WILLIAMS COMPANY 239 West 39th Street, New York Entered at the New York Post Office as Second Class Mail Matter. Subscription Piles United Sates og Maina, $5.00 re aaa to Canada 3 t ntries, . Annum, $7.50 per Annum; to Other aie ¢ ' per Cuarn.es T. Root, . = ® * * PRESIDENT W. H. TAYLOR, - - ~ ‘TREASURER AND GENERAL MANAGER Haron S. BUTTENHEIM, - > e - SECRETARY Geo. W. Cope, - - - - - } Epirors A. |. Finouey, - - - - - H. R. COBLEIGH, = : - - - MECHANICAL _EorTror Branch Offices Philadelphia, Real Estate Trust Building Chicago, Fisher Building Pittsburgh, Park Building Cleveland, American Trust Building Boston, Compton Building Cincinnati. 807 Andrews Building CONTENTS. Editorial : PAGE. Ore Buying by Steel Companies..................-; 1003 Tariff Hystetics and Im@astep.. 6.05. eS es cedeceecces 1004 The Reduction in Lake Iron Ore..........eeesseee% 1004 The Nawy Q@& TGuSeriel WeOOl. oc cen ccc ccc cccece 1004 English and American Labor Conditions............ 1005 The Alleged Structural Steel Dynamiters............ 1005 The Industrial Education Bvangelist............... 1005 United States Steel Corporation’s Farnings............. 1006 The General Electric Company’s Annual Report......... 1006 The Question of Extras in the Bastern Jobbing Trade.... 1007 Pacific Coast Metal Trades Convention................. 1007 mee. Donnelig-seeaele: DOR a 65s sd «Pb ea dae <clntcadavew 1007 The Itabira Iron Mines in Brasil. .........00c.ccctecsece 1007 The Iron and Metal Market Reports............+.+ 1008 to 1016 Bren On TiGaREP ERT “a ods a0 ied 0.0% Rae daeewae 1017 POS OR Po CiF irs. co RR ee Pee oe Geka coake st 1017 Tropenas Converter with Double Door Bottom........... 1018 La Belle Improvements Deferred..........0s.ee0seee05 1018 American Iron and Steel Institute...............2-.e0% 1018 Some Unsolved Problems in Blectroplating.............. 1019 BMwONal |. oss Ue wins bau £0 oer seks ete TRG 1020 MMRURIY 0s aaa Sh ahaCcls BOE eee ee LRA EO 1020 SMerican RNxport MMO eek boicck ad Badd Ses i 1021 Erie Canal Terminals on Lake Erie................0005 1021 Mechanical Handling of Materials...................-- 1022 German Iron Ore Production in 1910................5- 1023 A Roll-Over Core Machine. Illustrated................. 1024 Specifications for Cold Drawn Weldless Steel Tubes...... 1024 The New Dreses Vertical Boring Machine. Illustrated.... 1025 Federal Regulation of Corporations NG ois cwitin emo «8 1025 Die-Casting Machines. Illustrated................00005 1026 A Special Bridge for Ladle Cars. Illustrated............ 1031 The Sure Center Finder. Ulustrated.................-: 1031 Transmission Rope Splicing. Illustrated................ 1032 The Mechanical Engineers’ Pittsburgh Meeting.......... 1033 A New Baird Ball Burnishing Barrel, Illustrated....... 1033 The Libby 18-In, Turret Lathe. Ilustrated............. 1034 A Suggestive Antiaceidént Epigram. Ilustrated......... 1035 American Society for Testing Materials........:....... 1035 The Waterbury Cam Pillar Press. Illustrated........... 1036 The Murehey Motor Driven Pipe Threader. Illustrated.. 1036 The New Westinghouse Interpole Direct Current Gen- _ Cratore, TIERS oid oa sh ho ace webbeneeSpaws neves 1037 The Allner-Boswell Radius Planer Attachment. Illustrated 1038 the Firth-Stirling Steel Company’s New Hand-Book..... 1038 An Exceptionally Small Toledo Electric Welding Machine. . Mustrated: ,s+4.c allie wys s cikus teh er menn cen dnd 1038 "he No. 5 Cincinnati Gear Cutter, Tlustrated........... 1039 urbines in the New York Post-Office. Illustrated... 1040 “a \merican Association of Commerce and Trade, Berlin 1040 ve Cincinnati Heavy Duty Pulley Lathe. Illustrated... 1041 The Allen-Bradley Company’s Blectrical Products......... 1041 “ ® Arcade Rotary Sand Sifter. Illustrated............. 1042 a Prentice Ball Bearing Drill. Mlustrated.......... - 1042 The Machinery Market Reports.....i........+.+. 1043 to 1081 Current Meta SMM. < cso co ak 08 cevbeecseutvecded . 1052 Ore Buying by Steel Companies Less Business in Finished Lines—Large Sales of Copper at New Low Prices The knot has been cut in the lake ore trade, releas- ing it from a position that was little short of paralysis. A Pittsburgh ore company has sold from its Mesaba mines 200,000 tons of Bessemer and 550,000 tons of non-Bessemer ores on a $4.25 and $3.50 basis respec- tively, or a reduction of 50 cents a ton from last year’s prices. Cleveland firms have sold several blocks of ore at the same reduction, and with the price thus fixed various reservations made in the past few months become contracts. Naturally the merchant furnaces will be slow to buy. Some of them have ore enough to carry them into the fall. Purchases thus far have been chiefly for steel companies and for furnaces affiliated with ore interests, In the East considerable sales of Lake Champlain ores have already been made at 25 to 35 cents less than in 1910, but these ores, like those imported from Newfoundland and Europe, can still be delivered at eastern Pennsylvania furnaces at 1 to 2 cents a unit below the delivered price of lake ores. The effect of the lower ore level is widely dis- cussed. Pig iron, on any paper reckoning of costs, has been sold ex-ore reduction for some months. What re- mains to be seen is what sacrifice financial reasons may lead individual producers to make, if the iron market drags on with no new impetus. ‘Temporarily pig iron buying, which has been growing less, may be put off to let the situation develop. Two merchant furnaces in the Mahoning Valley have blown in, but several merchant furnaces in other districts are going out. The Carnegie Steel Company has put out four of its furnaces in the week, and the Steel Corporation’s percentage of active furnaces has declined from 70 to 67. There is continued weakness in open hearth billets in the Central West. While $23, Pittsburgh, is the nominal basis, $23, Cleveland, has been quoted. Finishing mills in most lines are operating on re- duced schedules, the output of the past week being the smallest in two months. With the falling off of new business, reports of irregularity in prices are more fre- quent, but these affect only a small proportion of the total business. In the main, co-operation continues, and the present scale of orders puts it under no great strain. In steel bars, while the 1.40-cent basis is maintained, makers of hard steel bars have been more active, and as low as 1.27% cents, Pittsburgh, has been quoted, while in Western markets bars rolled from bloom crop ends have been sold at concessions. Export trade is quieter. The Steel Corporation’s statement of earnings shows that an important per- centage of its business in the first quarter was based on export prices. Rail orders include 5000 tons for the B. & O., 5000 hs re M ES i ow 4 e- 2 oe hace 4 : RU? ene o> Rayne a, A hae $ * t a 2 4 ren hele 20h hi ellison aieiaitirmele : a Rt EE Ra ABS 25 a RRS ER SIs re as wm ae OE RE eR onl. cosa as autteneraien tons for the Reading, and 3000 tons for the Chicago, St. Paul, Minneapolis & Omaha. It is understood that the recent New Zealand business, 10,500 tons of 70- pound rails, came to this country. The tonnage of new structural steel work has fallen off somewhat, and the smaller fabricators are getting less and less, prices having reached a prohibitive level for most of them. The Henry Corn building at Fifth avenue and Twelfth street, New York, 4000 tons, has been awarded, and at Philadelphia the Philadelphia & Western Electric Railroad has bought 2500 tons. For the elevated railroad extensions in New York, bids have gone in on 78,500 tons, of which 40,000 tons may not be let at present. The week has made a record for the year in copper sales. The total has been estimated above 75,000,000 lb. It is known that several blocks of electrolytic sold at 11%c., but the bulk of the business was done at I2c. and the market has now stiffened at 12%c., New York. Tariff Hysterics and Industry A certain amount of hysteria may be counted upon as an accompaniment of Congressional proceedings for some time to come. Those to whom the dramatic ap- peals were no doubt much impressed in the closing of the debate on Canadian reciprocity last week by the performance of a member representing a Southern iron and steel district. Waving a telegram aloft, he an- nounced that he had just received word from his con- stituents that construction work on a new wire plant in his district had been stopped and several hundred men had been thrown out of work because he favored the proposal to put a wire product on the free list. The member’s declamatory defiance of such intimida- tion was rewarded with ample applause. It seemed not to occur to any one joining in the demonstration that when construction work on 2 new plant is finished, the services of the men engaged as builders are not re- quired. It was more in line with the spirit of animosity which is being fanned in all public discussions of the tariff, to charge manufacturers with a menacing at- titude. There is also under way in the same Congressional district an important piece of engineering work which will provide an adequate water supply for a large steel plant. When the reservoir is completed, which the Tennessee Company has been building in accordance with plans widely published, there will be other hun- dreds of workmen whose services will be dispensed with. It may be also that a stretch of railroad track will be completed this spring in one of the Western States, and that several hundred track layers will there- upon be paid off. If the special session of Congress is prolonged until that time, we may look for another scene, with more spectacular declamation on the machinations of capital. The performance of last Friday is notification that every slightest move in the business world in the next few months will be wrested into significance as a tariff factor. If business falls off, we shall be told that manu- facturers are giving an advance object lesson in the fruits of tariff revision. And what might be called every day credulity under other conditions will be ap- pealed to in perfect confidence by political leaders, for, with a Presidential election drawing on, politics must be allowed to do its perfect work, whatever becomes of sanity or business. 1004 THE IRON AGE April a7 IOI] The Reduction in Lake Iron Ore That a basis has been at last established of Lake Superior ores in 1911 is almost as signi fact as that a reduction of 50 cents a ton has be: from the prices of I910. The season of navigat opening with ore producers apparently as far decision as when the season of I910 closed \ stocks on dock and in blast furnace yards greater tha had ever been known. Opposing views of the proper policy to be followed were urged so strongly that the ore trade seemed powerless to make a move. -Consuyp- ers had been asking for weeks that the question be de- cided, arguing that continued uncertainty was hurtiyl, At the same time certain sellers favored delay, even on the eve of the sales made last week. Their hope was that time would bring some development pointing the way out of their dilemma. The buying movement in finished steel, that lasted for two months fro: middle of January, gave some support to those who favored the old basis, but it diminished as April ad vanced. Leading steel interests, with no ore to sell, but with a natural desire to safeguard the finished steel market against further decline, exerted their influenc in favor of the old schedule. They had done the same in 1908, when pig iron had dropped well below t! level which was held to justify for 1907 the highes: ore price since 1900. But the 1908 ore market broke under its own weight in June. Pig iron furnished the gauge then as now, in spite of a controlled market in finished material. Merchant furnacemen, who buy all their ore in the market, have been divided in opinion. Some, who still have large piles of ore, have favored holding the old price. Others have been as insistent that new ore should sell at prices more in line with those for pig iron, as in the old days when the control of ore was less concentrated. Now that the 50-cent reduction has actually been made, it must be said that the new price really registers in a formal way what the pig iron mar- ket had already practically settled. Figuring coke at $1.60, at oven, labor per ton of iron at $1.25 and lime- stone per ton of iron at 60 cents, the cost of basic iron at Mahoning or Shenango Valley furnace comes out close to $13.50 even on the new ore level, a showing that goes far toward answering the question whether the ore reduction means a further decline in pig iron. While the furnace company mining its own ore still has a margin on the dual operation, the experience of the past 12 months has left little relish for a continued telescoping of profits. So much ore and pig iron are ahead ‘of the blast furnacemen of the Central West that their ore buying this year will be on a very moderate scale. The iron mining companies, with reduced outputs ‘and with wages on the high level of last year, while fixed charges per ton of ore will naturally increase, will find 1911 the least satisfactory year in a decade, barring only 1904 and 1905. The Navy an Industrial School The four experts in scientific management, Fred- erick W. Taylor, Henry L. Gantt, Charles P. Day ané Harrington Emerson, who are s*dying the methods of the navy yards for the Federai Government, wert present during the recent battle practice of the Atlantc battleship fleet, and expressed their opinion of the ge? April 27, 1911 iency throughout the various departments of els in the statement that they had not seen ere in the world, either in an industrial plant ther operation, anything that begins to equal Thousands of young men are receiving ning under these conditions. A large propor- them have been given a preliminary education nment training schools, where the mechanical cupy an important place. The great majority ys are going out into the world to seek em- t in industry. The leaven of a training in an ient of practically perfect efficiency, coupled the discipline of naval life, should have an in- y influence in industrial work everywhere. In words, the navy has become a great industrial |, the ultimate commercial results of which should taken into account in considering the cost of the stablishment. Some keen American observers een useful results of the military training of the in youth in their after life in the manufacturing of that country. If such is the case, the con- should be even more pronounced with the grad- f the American navy. English and American Labor Conditions \ notable contribution to current economic literature s the report of the British Board of Trade, which has een investigating labor conditions in the United States ior the purpose of making a comparison with those ex- isting in England. The investigation appears to have been quite thorough and intelligent. It was confined to that section of the United States lying east of the Mis- . sissippi River and was conducted in 28 representative ndustrial towns and cities. The most important feature | the report is the comparison made as to wages, cost ' living and margin of income above ordinary cost of subsistence, To ascertain the level of wages, three generally stributed employments were selected, comprising the gineering, building and printing trades. The occupa- ns selected in the engineering trades were those of turners, smiths, patternmakers and _ laborers. occupations covered in the building trades were those of brick layers, stone inasons, carpenters, plaster- ts, plumbers, painters and laborers. In the printing le the wages of hand compositors on job work were en as the basis. It was found that the hours of r in most trades, with the exception of engineering, shorter than in the United Kingdom, while the ney earnings of the American workman are nearly and one-third times as great as in England. The parison of retail prices of food showed a consider- 'y higher rate in the United States than in England. ut in concrete form, a British housewife could have chased in February, 1909, for $3.27, articles which uld have cost an American housewife $4.69, so that ‘ weekly expense may be considered as less by $1.42 ‘r week than if she lived in the United States. he conclusion derived from the figures secured is ‘ while rent and food in America are dearer than in ngland, the higher rate of wages more than compen- for the difference. The margin’ of income in \mnerica is so large, when rent and’ food have been “lowed for, that for those who desire to do so, and noose to exereise the necessary strength and will and ‘resight, saving és’ easier *for’the American than ‘for +>) THE IRON AGE 1005 the British workman, because of the larger income at his disposal. No proof was offered that employment is more intermittent here than it is in Great Britain, and the result is seen in the higher standard of material comfort maintained by the American workman. The investigation thus made is of vastly greater im- portance than those which have so frequently been con- ducted by American commissions of various kinds. [t may be assumed that it was directed on thoroughly im- partial lines, with no disposition whatever to lean toward the side of the American workman, as the Brit- ish Board of Trade is a department of the government. It rather effectually disposes of the time-honored as- sertion that the cost of living is so much higher in the United States than abroad as to more than offset the higher rate of wages prevailing here. The Alleged Structural Steel Dynamiters Although the officers of the American Federation of Labor are quick to spring to the defense of the members of the International Association of Bridge and Structural Iron Workers who have been arrested on the charge of having caused the explosion in the Times Building in Los Angeles, October 1, 1910, the feeling of satisfaction is general that at last sufficient evidence has been secured to point definitely to some- body as guilty of that awful crime. The dynamiting of the Times Building was only one of a series of dyna- mite outrages that have occurred all over the United States. These outrages have usually been perpetrated in connection with structural steel work that had been erected by nonunion workmen. The inference was strong that this dastardly work was being conducted in a systematic manner by those who had special reasons for discouraging the employment of nonunion structural steel workers. The mere arrest of the parties men- tioned in the daily newspapers is, of course, not proof that they are guilty of the crimes charged. Sufficient information has been given to the public, however, to make the presumption strong that the excellent de- tective work which has led to these arrests includes very damaging evidence of the guilt of the persons now in custody. The Industrial Education Evangelist The action of the National Metal Trades Associa- tion at its recent convention, in appropriating $5000 toward the employment of an “evangelist,” who will conduct a propaganda for the improvement and spread of industrial education, marks an important step in the progress of a great movement. While an excellent beginning has been made in the United States in estab- lishing industrial schools, the surface has hardly been scratched, taking the country as a whole. This was demonstrated in the results of the investigation con- ducted by the Committee on Industrial Education of the association, as stated by its chairman, Fred A. Geier. From questions framed to find the. existing status, only 136 out of 402 individual firms composing the membership made reply, and it was evident from the answers received that “the majority of the firms had not given the questions proper consideration, nor made any investigation of the conditions of industrial education in their respective communities.” The -re-. plies further indicated that “ there was apathy in those wba Ss FP All iy 1006 THE IRON AGE communities where industrial education had not been advocated and introduced. In contrast to this, replies from such communities where industrial education had been studied and inaugurated showed the keenest in- terest in this subject and the greatest desire to see further development.” This whole matter is one of the uttermost impor- tance in American industry. A dwindling apprentice system, taking the aggregate, coupled with a tre- mendously increased demand for skilled workmen, has made it imperative that the effort toward the training of boys in industrial schools be as universal as industry itself. The very small communities cannot support such schools, but the industries existing in these centers can establish courses of their own. The “ evangelist,” who will have to be a man of sagacity and trained abil- ity, should do a great deal toward this general end. ——--o——_—_—_ United States Steel Corporation’s Earnings The statement of the United States Steel Corpora- tion’s earnings for the quarter ended March 31, 1911, makes the following showing, as compared with the cor- responding period of 1910: 1911. 1910. MIE? Vg cro cece Ce A eee oe ai $5,869,416 $11,316,014 ME SC CASA he Chas wes oa oe Weblo e 6 7,180,928 11,616,861 ee: Fo. ua OBIS ah ce th oid en 10,468,859 14,684,001 Total after deducting ail expenses in cident to operations, including those for ord‘nary repairs and maintenance of plants, and inter est on bonds and fixed charges of the subsidiary companies......... $23,519.203 $3 Less charges and appropriations for the following purposes : Sinking funds on bonds of subsidiary companies and depreciation and repiscument funds: . sto 616.8 3,517,386 6,113,682 Net earnings...................$20,001,817 $31,603,194 Deduct interest for the quarter on U. S. Steel Corporation bonds outstanding $5,810,794 Sinking funds for the quarter on U. 8. Steel Corporation bonds: Installments bei i Interest on bonds in sinking funds $5,876,612 1,012,500 488.668 1,012,500 422,851 $7,311,962 $7,311,963 peieiadiie yes oS Sore sz: $12,689,855 $24,191,231 Dividends for the quarter: Preferred, 1% per cent. $6,304,919 Common, 1% per cent..... pau 6,353,781 $6,304,919 6.353.781 $12,658,700 $11,532,531 Surplus for the quarter Appropriated for new plants, construc Te eee rs ee et eee ee a ee 5,000,000 Balance of surplus for the quarter $31,155 $6,532,531 Tons. Tons. Unfilled orders on hand. March 31... 53,447,301 5,402,514 The net earnings for the quarter ended December 31, 1910, were $25,990,978, and the surplus carried over for the quarter was $408,032. a The American Gréndal Kjellin Company, 45 Wall street, New York, has changed its name to the Ameri- ean Gréndal Company. Announcement is made that the company has added to its engineering force men who have made a special study of various methods of treat- ing iron ores. It has a testing plant in which it makes commercial tests on ores submitted and determines the proper method of treating the ore, whether by concen- tration and briquetting or otherwise. Frank Millner, Inc., iron and steel scrap merchant, Trenton, N. J., has materially increased its facilities at its yard at Florence, N. J., which now covers from four to five acres. Additional railroad trackage has been laid and the capacity of the yard trebled. * > a The General Electric Company’s Annual Report The General Electric Company’s report for t\)o year ending December 31, 1910, gives the following ncome account, as compared with the previous year: 1910. 109, TUR < DGD ‘see 0:0 5 0 0.4.90 %'s one hie $74,707,689 $54,102,051 Manufacturing costs, interest, de- preciation, &C........cscccceses 63,841,996 47,608,389 CRs wear atcciee $10,855,692 $6,493,670 I. Ga oe-bs 55 3a es So eKehee 5,214,368 5,214,352 IEG: 55 6 Sh.5'<ipco'n eos be $5,641,324 $1,279,319 PS CNMI oo so as vide cn cela 17,381,381 16,102,062 Total . sneplus, ... . o- s050s neces $23,022,706 $17,381,381 The balance sheet as of December 31 compares as follows: issets 1910. 1909, Pitta Oe i sl ican ss SS $1 $1 POORER PONG i 55 ois W560 Lesic ass 15,516,314 14,330,958 i I ie 66 054.4 wide Keetapee ion 245,719 118,063 i i CO. 4 ss ay anise ada ee 23,666,883 22,329,663 Accounts and notes receivable...... 19,047,459 19,377,972 RERUNS) CEs orn VY De dN eSBs 27,796,276 25,150,085 WVOUR den ROR POOS 25:2 0 0 0.609054 cee 589,788 462,22; I ences Becinialls g Pihas 1s ahd ata aie hg eo 14,912,400 17,623,466 Copper mining investment......... 2,805,077 3,408,604 Due from allied companies......... 2,923,483 ite es NE =o 95 in Gra arash Win A esd Eni $107,767,017 $102,440,988 Liabilities. WR i cs cad cb ae hee eee oe ra $65,179,600 $65,179,600 RUE. 25 s'est cvine ds 0b Makan 14,962,000 14,962,000 Acergea interest... .<66 ss. sf seve 83,664 83,664 ge! re 2,796,230 2,753,617 Uneollected dividends..............% 1,308,592 1,303,592 Profit and loss surplus............ 23,022,706 17,381,381 Advance payments................ 245,819 777,133 De ie ui ciated pat a Seu a a Wotele: tussseur «acl < oe aa $107,767,017 $102,440,988 Vice-President J. R. Lovejoy remarks in -part as fol- lows: “Sales billed and orders received during the past year were the largest for any year since the organiza- tion of the company. The orders exceeded those received in the year ended January 31, 1907, the largest previous year, by 17.7 per cent., and were 105 per cent. greater than for the year ending January 31, 1905. The yearly rate of orders was substantially uniform for each quar- terly period, increasing slightly during the last quarter. The total number of orders and contracts received dur- ing the year was 338,272—-exceeding all previous records. The increased business this year came largely from our many thousand established customers in sma!l contracts and current orders, rather than from new enterprises requiring large amounts of electrical apparatus. Unfilled orders as of December 31, 1910, amounted to $15,500,000. The business of our foreign department was larger than for any previous year. We are constantly establishing new relations and seeking new outlets for our product.” Vice-President Rice says in part: “ Expenditures for building and extension and other additional equipment during 1910 amounted to $5,846,531. About one-third of these expenditures were applied to enlargement of pro- ductive capacity. On December 31 the company had 8,530,000 sq. ft. of floor space and 32,000 employees. The total land area of the works is 608 acres. In 1907 we purchased a large tract of land in Erie, Pa., and during the past year considerable grading work has been done preparing the site for manufacturing. A large iron fouD- dry, pattern shop and machine shop are now under co0- struction.” The company has $2,805,076 invested in copper min- ing, of which $1,129,961 represents capital stock and $1,675,115 advances, largely to the Bully Hill Copper Min- ing Company. ——__—___~»--@___---— The V & O Press Company, Glendale, Long Island. N. Y., announces the establishment of a new Chicas? agency. Hereafter the company will be exclusively re? resented in Chicago territory by Hill, Clarke & Co., who carry a full line of presses in stock, and in addition have a fully equipped demonstration shop where V & O presses, as well as other machinery, may be seen in operation. 7, 1911 The Question of Extras in the Eastern Jobbing Trade e conferences have been held recently between iron oe] jobbers in Eastern territory and the manufac- f bars and other products, such as have been sold e Waverly, N. J., warehouse of the Carnegie Steel y in the past two or three years. One of the s involved has been the maintenance of full ex- sizes of bars carrying extras, in sales made to the rdinarily supplied by jobbers. One steel com- ells on a eard, the printed extras of which are half -tras of the card on which the jobbers sell. Other icturers have used the same card as the jobbers, x full extras. In the New York district particu- the jobbing trade has found it difficult to secure these full extras, which it is contended a jobber must to get a living profit on bar business. A com- se proposal has been discussed providing that ware- se sales be made on a net card on which the extras should be three-fourths of the full extras, This has met with some favor among jobbers in the New York district, s not so regarded by the jobbing trade in Philadel- and Boston. The chief objection is that there would added confusion, since the compromise card would not ead to the elimination of either the half-extra or the fyull-extra cards. There has been no adjustment as yet of the questions involved, but a sentiment has developed in favor of a more satisfactory footing for the jobbing rade. a oe Pacific Coast Metal Trades Convention rhe fifth annual convention of the United Metal Trades Association of the Pacific Coast, held in Tacoma, Wash., April 14 and 15, was highly successful. Repre- sentatives were present from Los Angeles, San Francisco, Portland, Spokane, Tacoma, Seattle, Everett, Bellingham d Vancouver to the number of about 100. The reports if the retiring officers showed that the past year was the ost prosperous the association has known. Three new districts were created: the Inland Empire district, the British Columbia district and the district in California. rhe following officers were elected for the coming year: President, H. T. Clarke, Portland Iron Works, Portland, Ore.; first vice-president, John Hartman, Atlas Foundry & Machine Company, Tacoma, Wash.; second vice-presi- Ff. G. Frink, Washington Iron Works, Seattle, Wash. ; third vice-president, J. M. Fitzpatrick, Union Jron Works, Spokane, Wash. ; treasurer, A. M. Clark, Columbia Company, Portland, Ore. Saturday afternoon, ough the courtesy of the Tacoma members, the dele- gites were taken over the city and to the Country Club d the smelter. Saturday evening a banquet was held, ttended by 88 persons. Stee] ——-_-_a--o___—_——_- lhe Universal Vanadium Company has been formed le purpose of acting as selling agent throughout the vorld for ferrovanadium manufactured by the American Vanadium Company, Pittsburgh, Pa., and will act in con- junction with the Vanadium Sales Company of America. ias been incorporated under the laws of Delaware. directors and officers are as follows: Edward M. Mc- iin, president, 30 Church street, New York; Col. Mil- | Hunsiker, vice-president, 28 Rue De La Paix, Paris, nce; James ©. Gray, secretary and treasurer, Frick ding, Pittsburgh, Pa.; Joseph W. De Wyckoff, Euro- representative, 64 Victoria street, Westminster, Lon- Fngland; E, Marshall Fox, Wetley Rocks, Stafford- «. England; Sylvester D. Townsend, Jr.,. Wilmington, : William MeTlvain, Reading, Pa. ‘he Singer Mfg. Company, says the Wall Street Jour- ontrols approximately 80 per cent. of the world’s ut of sewing machines. Over 2,000,000 machines of ‘000 different types per annum are now being turned out the company’s nine factories, which employ 28,000 atives. Two of these factories are in the United ‘''es, at Elizabethport, N. J., and Bridgeport, Conn. In THE IRON AGE 1007 Canada a large plant has recently been comp!eted at St. John. The largest sewing machine factory in the world is operated near Glasgow, Scotland, while other plants are situated at Wittenberg, Saxony; Berlin, Prussia, and Podolsk, Russia. ————@—-e—___—_ The Donnelly-McArdle Case Another stage has been reached in the now famous 20- year lawsuit, in which Michael Donnelly, 247 West Fit- teenth street, New York, and Patrick J. McArdle, Alb- bany, N. Y., brothers-in-law, are the contestants. In the SO’s, when Donnelly was engaged in the scrap iron busi- ness in New York and McArdle in Albany, they became partners. In 1889, to tide over financial troubles of the firm, Donnelly transferred his interest in the business to McArdle for a consideration of $1, to protect the latter in case the firm was found to be insolvent. According to Donnelly, the bill of sale was to be void and half the net proceeds of the firm’s assets, the total being about $158,- 000, was to be paid over to him if investigation proved the firm to be solvent. McArdle, however, contended that the document was an absolute bill of sale, and that Don- nelly had no further interest in the business or its assets. Donnelly was thus forced to begin action to recover the interest in the firm’s business claimed by him. The liti- gation has been almost a continuous proceeding since then. The last decision in the case was rendered last week by a referee, to whom had at length been given the duty of fixing Donnelly’s equity in the partnership. The ref- eree’s report gives Donnelly’s share at $41,006, which, with costs and extra allowances, makes his total about $60,000. This is not satisfactory to Donnelly, who claims that the referee disallowed improperly items totaling $567,131. Up to this time there have been seven trials in this case, taking 97 trial days, employing ‘93 lawyers, in- volving 40 judges and 249 witnesses, costing Donnelly $163,500 in counsel fees and McArdle about $200,000. ——_»9--e—_——___——. The Itabira Iron Mines in Brazil In the published details concerning the tron ore de- posits of Conceicao Sant Anna and Caué, near the town of Itabira in the Province of Minas Geraes, Brazil, it has been stated that these properties were in the hands of the B. H. Syndicate, Ltd. The London Jron and Coal Trades Review says that “the Itabira Iron Ore Com- pany, Ltd., has just been registered to adopt an agree- ment with the B. H. Syndicate, Ltd., as well as the agree- ments by that syndicate with the Companhia do Porto da Victoria, and the Companhia EB. F. Victoria a Minas.” The capital of the company is given at £2,000,000 sterling, in £1,500,000 ordinary and £500,000 preference shares of £1 each. No public issue has been made. The board em- braces J. W. Beaumont Pease, Newcastle-on-Tyne; Col. J. R. Wright, Swansea; Walter McLaren, M.P.; F. Samuel- son, Middlesbrough ; I. Hamilton Benn, M.P., and Austin Harris and T. H. C. Levick of Harris & Dixon, Ltd. Through its directors and shareholders the company is associated with a strong group of iron and steel masters, as well as having considerable financial backing. A num- ber of iron ore properties in Brazil are at present on the market, and the success of the Itabira Iron Ore Com- pany may bring on a boom in Brazilian iron ore lands, though it is predicted that it will be some years before the deposits in the western part of the State of ...nas can be exploited. The Itabira Company will build its own railroad to Port Victoria, where a docx 850 ft. long will be built, according to a recent Brazilian decree. There will be 28 ft. of water alongside dock. +e The Philadelphia & Western Railway Company, Phila- delphia, Pa., has awarded a contract to the Keystone State Construction Company, of that city, for the con- struction of a two-track line between Villanova and Bridgeport. The same company has awarded a contract for highway and railroad bridges, including one over the Schuylkill River, to the Pennsylvania Steel Company, requiring about 3000 tons of material. THE IRON AGE April 27. 91; The Iron and Metal Markets ariso : and up, 1.45c., net; zees, 3 in. and up, 1.40¢. to 1.45¢., net A Comp n of Prices angles, channels and tees, under 3 in., 1.45c., base, plus fy) Advances Over the Previous Week in Heavy Type, extras as per steél bar card of September 1, 1909: goo, Declines in Italics. beams and bulb angles, 1.70c. to 1.75c., net ; hand r At date, one week, one month and one year previous, 2.50c.; checkered and corrugated plates, 2.50c., net. ‘ : , y Apr.26, Apr.19, Mar.22, Apr.27, Plates.—Tank plates, 4 in. thick, 64% in. up to 100 jp PIG IRON, wer Grune fon - 1911. 1911. 1911, 1910. wide, 1.40c. to 1.45c., base. Following are stipulations pre- Foundry No. 2, standard, Phila; Bs scribed by manufacturers, with extras to be added to base ON, oi cs wars cee pes se © $15.50 $15.50 $15.50 $17.50 rice ( am pound) of plates: Foundry No. 2, Valley furnace... 13.75 3.75 13.75 15.50 I I I 4 ee Foundry No. 2, Southern, Cincin- Rectangular plates, tank steel or conforming to manufactur sati 14.25 14.25 14.25 15.25 ers’ standard specifications for structural steel dated February 6, See ) Stacie * Kemtainaeist + «i*\ a aaa ve a8 1903, or equivalent, 4-in. thick and over on thinnest edge, i006 in Foundry No, 2, Birmingham, Ala. 11.00 11.00 11.00 12.00 wide and under, down to but not including 6 in. wide, are basi Foundry No. 2, local, Chicago*. 15.00 15.00 15.50 17.25 Plates up to 72 in. hg Mon gag ordered 10.2 lb. per si juare sasic livered, easter . eee 15. 15.25 15.25 17.50 foot are considered 14-in. plates *lates over 72 in, wide must Seat + ie o r . ia os ae . a 13 te 15 7% be ordered 4-in. thick en edge, or not less than 11 Ib. per square ene eee See 28 84 29.6 ibe ARs seh te wap foot, to take base price. Plates over 72 im. wide ordered. less Bessemer, Pittsburgh.......... 15.90 15.90 15.90 17.90 than 11 Ib. per square foot down to the weight of 3-16-in. tak Gray forge, Pittsburgh......... 14.40 14.40 14.40 15.90 the price of 3-16-in. Lake Superior charcoal, Chicago 17.50 17.50 17.50 19.00 Allowable overweight, whether plates are ordered to gauge or oar ae . ; f ; weight, to be governed by the standard specifications of the As COKE, CONNELLSVILLE, sociation of American Steel Manufacturers. Per Net Ton, at oven: Gauges under 4-in. to and including 3-16-in. on_ Wesstekan hing hi ; 1.55 1.60 1.55 1.70 thinnest QO, 54.5. 0:0 60h) 0 210u 010 Sheba. 4 ¥ 4.00) $0.10 urnace coke, prompt shipment. 00 . v0 ° Gauges under 3-16-in. to and including No. 8..... 15 Furnace coke, future delivery. . 1.75 1.75 1.75 1.90 Gauges under No, 8 to and including No. 9....... 25 : Foundry coke, prompt shipment. 2.00 2.00 2.00 2.25 Gauges under No, 9 to and including No. 10...... .30 * Foundry coke, future delivery... 220 225 2.295 2.40 Gauges under No. 10 to and including No, 12..... 40 i tyr Sketches (including all straight taper plates), 3 ft. BILLETS, &c., Per Gross Ton: " and over in length ‘ey Or Pree se Oe me ee 10 ge. Bessemer billets, Pittsburgh.... 23.00 23.00 23.00 20.50 Complete circles, 3 ft. in diameter and over...... 20 Py ate ive Sino a ok eis mn Boiler and flange OIE ion n ts 50 etd >.4:0 GME TE ks hewie 10 j Forging billets, Pittsburgh..... 28.00 28.00 28,00 32.00 A. B. M. A.” and ordinary firebox eet 20 1 ‘ Open hearth billets, Philadelphia 25.40 25.40 25.40 30.00 Sd Re WURRT 8 ek ae ne a ay eee eh ‘30 Pe | Wire rods, Pittsburgh.......... 29.00 29.00 29.00 32.00 Marine essay errr. shane nets ee sannates 40 is cnet es oa . LOCOMIPUATS TIPCDOR WHORE. 6's 6 0.82 0 0 002 005 09s a008 50 ra OLD MATERIAL, Per Gross Ton : Widths over 100 in. up to 110 in., inclusive...... 05 Se, Iron. ratle, Chicage:.. .<..s.«0s.. 14.25 14.50 14.50 18.50 Widths over 110 in. up to 115 in., eee Seek 4 10 as : atin Winds ie ~ 7 2 205 Widths over 115 in. up to 120 in., inclusive...... 15 ails ade Raniah. 7.00 50 18.50 20.50 , : y ree P - a : ms -" Ay ri : . a aes Widths over 120 in. up to 125 in., inclusive...... .25 Car wheels, Chicago........... 13.25 13.25 13.25 16.00 Widths over 125 in, up to 130 in., inclusive...... 50 Car wheels, Philadelphia....... 13.00 13.25 14.00 15.50 DA ee BE OR Rae errr kere 1.00 i» Heavy steel scrap, Pittsburgh.. 12.50 12.75 14.00 15.75 ne ~ lengths or diameters under 3 ft. to 2 : re . ‘hi - - 9 on ee ARRAS Pere eee re 25 ‘ ] sere “gO 5 ) 2 : < a ing Maayy stat orrem, Cotengs cat ab are see aed re ee Cutting to lengths or diameters under 2 ft. to 1 pail, Heavy steel scrap, Philadelphia. 13.00 13.25 14.00 15.75 $a SOMBIE. «6 5 0 o.ns 5 eek ateds <x eaadaieeel 50 ea FINISHED IRON AND STEEL, Cutting to lengths or diameters under 1 ft. 1.55 } Der Pena : Cents: Cents. Centa Gants. mn’ charge for cutting rectangular plates to lengths 3 ft. and ; Bessemer rails, heavy, at mill... 1.25 125 1.25 1.25 TreRMs.—Net cash 80 days. ar:4 tefined iron bars, Philadelphia... 182% 1.35 1.87% 1.50 MeN aes : . a Common iron bars, Chicago.... 1.25 1.25 1.27% 1.60 Sheets.—Makers’ prices for mill shipments on sheets in 1 vi: Common iron bars, Pittsburgh.. 1.85 1.35 1.35 1.61 carload and larger lots, on which jobbers charge the usual a Steel bars, tidewater, New York 1.56 1.56 1.56 1.45 discounts for small lots from store, are as follows: Blue eh Steel bars, Pittsburgh......... 1.40 140 1.40 1.71 annealed sheets, Nos. 3 to 8, U. S. standard gauge, 1.55c.; | Tank plates, tidewater, New York 1.56 1.56 1.56 1.55 Nos: 9 and 10, 1.65c.; Nos. 11 and 12, 1.70c.; Nos. 13 and at Tank plates, Pittsburgh........ 140 140 1.40 1.66 14, 1.75c.; Nos, 15 and 16, 1.85¢. One pass, cold rolled, Bla Beams, tidewater, New York.... 1.56 1.56 1.56 1.50 box annealed sheets, Nos. 10 to 12, 1.85¢c.; Nos. 13 and 14, q Beams, Pittsburgh............. 1.40 1.40 1.40 1.66 1.90c.; Nos. 15 and 16, 1.95c.; Nos. 17 to 21, 2c.; Nos. 2 | Angles, tidewater, New York... 1.56 156 1.56 1.50 22, 23 and 24, 2.05c.: Nos, 25 and 26, 2.10c.; No. 27, 2.15c.; b Gel” Angles, Pittsburgh ............ 1.40 1.40 140 1.50 No. 28, 2.20c.; No. 29, 2.25c.; No. 30, 2.85c. Three pass, : v4 Skelp, grooved steel, Pittsburgh. 1.30 1.30 130 = 1.60 cold rolled sheets, box annealed, are as follows: Nos. 15 and ¢ es Skelp, sheared steel, Pittsburgh. 1.35 1.35 1.35 oes 16, 2.05c.: Nos. 17 to 21, 2.10c.: Nos. 22 to 24, 2.15c.; aac) SHEETS, NAILS AND WIRE, Nos. 25 and 26, 2.20c.; No. 27, 2.25c.; No. 28, 2.30c.; No. 4 Per Pound: Cents. Cents. Cents. Cents. 29, 2.35¢c.; No. 30, 2.45c. Galvanized sheets, Nos. 10 and aa. Sheets, black, No. 28, Pittsburgh 2.20 2.20 2.20 2.40 11, black sheet gauge, 2.20c.; Nos. 12, 13 and 14, 2.30c.; ei Wire nails, Pittsburgh?........ 1.80 1.80 1.80 1.85 Nos. 15, 16 and 17, 2.45¢c.: Nos. 18 to 22, 2.60c.; Nos. 23 . . Cut nails, l’ittsburgh.......... tee’ (250° 12 2a and 24, 2.70c.; Nos. 25 and 26, 2.90c.: No. 27, 3.05c.; No. = af “— , 8 ° + 9 ‘ ° 4m ait <a aF 9% + » 3 Barb wire, galv., Pittsburgh}... 2.10 210 210 215 98 3.90¢.; No. 29, 3.30c.; No. 30, 3.50c. Painted roofing P METALS, Per Pound : en Cents. Cents. Cents. sheets, No 28, $1.55 per square. Galvanized sheets, No. Lake copper, New York........ - rots dope an ae eee 28, $2.75 per square for 2%4-in. corrugations. All above oe ~~ ae New York.. 12 — 12.12 . [- 1ST prices are f.o.b. Pittsburgh, terms 30 days net, or 2 per cent. c pelter, New York..........-. 5.5 S.A 5.65 5.60 cash discount 10 days from date of invoice. i Spelter, St. Louis............. 5.30 5.30 5.50 5.45 Tt h bbe siead Bs Lead, New York.............. 442% 445 440 4.40 Wrought Pipe.—The following are the jobbers’ ca * Lead, St. Louis............... 427% 430 4.25 4.25 discounts on the Pittsburgh basing card on wrought pipe, in i ie a. Ar ae 42.50 41.70 40.50 32.90 effect from October 1: ae Antimony, Hallett, New York... 9.00 8.75 9.12% 8.25 Butt Weld. Tin plate, 100-Ib. box, New York $3.94 $3.94 $3.94 $3.84 ——Stee.—,. -——Iron.—~ ee Black. Galv. Black. Galv. j * This price is at furnace and not delivered in Chicago. TE ie be | ee ae ett tease eeeee 49 43 ’ + These prices are for largest lots to jobbers. MG AMicnc 6.0.0 Sisson pbs es 3 6idieat v5 63 71 59 % to 1} Sa ee 79 69 75 65 . FE CS Cis Cpe twanbacicae 80 70 76 66 : * alll Lap Weld. . Prices of Finished Iron and Steel f.o.b. B tens cieisttdal id's cide ote P16 66 72 6 Gig : OE 6616 Bis. < nemo sdodieone 78 «668 74 «6 Yi Pittsburgh 00 WOW, +. oxoy > seconde 7, a 7363 RY i | a eg ee 75 59 71 55 : : : 1S, tO DB Ati). oi bin b's wo aisiaies 51% . oA Freight rates from Pittsburgh in carloads, per 100 Ib.: _ Butt Weld, extra strong, plain ends, card weight. E + New York, 16c.; Philadelphia, 15c.; Boston, 18c.; Buffalo, FBS BEF #2 + + 3+ Sa ener yas s. @ = 6S s 3 1le.; Clev eland, | te Cincinnati, 15c.; Indianapolis, 17c. , ib Se es toe hee 72 74 68 : Chicago, 18c.; St. Paul, 32c.; St. Louis, 22%4c.; New Or- TO ois sks nw eek en 79 73 75 69 © x2 leans, 30c. ; Sacatanilin Ala., 45c. Rates to the Pacific > ;,, ap Weld, extra strong, pigie ents, cant “ot es Oia 3 Coast are 80c. on plates, structural shapes and sheets, No. 2% to 4 in. "WEL. . clasabeemats ‘7 71 73 67 4S 11 and heavier; 85c. on sheets, Nos. 12 to 16; 95c. on ri a eS ee ee 76 70 72 66 ett steets, Na. 16 and lighter; 65c. on wrought boiler tubes. Z fo ion settee eee eeeeeees ba er ss 4 5 Structural Material.—I-beams and channels, 3 to 15 Butt Weld, double extra strong, plain ends, card weight. ‘ in., inclusive, 1.40c. to 1.45c., net; I-beams over 15 in., 1.50c. Me IM... 0s nn s aeiewiceeccemened 64 58 60 a ¢ = to 1.55c., net; H-beams over 8 in., 1.55c. to 1.60c.; angles, 9 “ie io 2 * 85S TINA aeE 9 ae oo ét 59 ; 3 to 6 in., inclusive, % in. and up, 1.40c. to 1.45c., net; 9 lap Weld, double extra strong, plain ends, card weight. 23 angles over 6 in., 1.50c. to 1.55c., net; angles, 3 in., on one 2 . was aac bistide acans Rete Hh s ” e = : : 0 Mh son 0, ven bie he 7 i or both legs, less than % in. thick, 1.45c., plus full extras 4 Se eee OOS Lyset es oa 68 $B as per steel bar card effective September 1, 1909; tees, 3 in. © ke OMe. 656 09650. VOR ake 59 42s 49 ss COU THE IRON AGE 1009 THE IRON AND METAL MARKETS Plugged and Reamed. to3in...Butt Weld { Will be sold at two (2) " points lower basing ( high- er price) than merchant or card weight pipe, Butt 4 i. 4.00: biett Lap Weld (or Lap Weld as specified. discounts are for “card weight,’ subject to the n of 5 per cent. Prices for less than carloads are ints lower basing (higher price) than the above dis Boiler Tubes.—Discounts on lap welded steel boiler bbers in carloads are now as follows: Steel be we Vad Bes 65 Neco eseasestsive seers ssesti severe ssear o% , oc db o Wa ete b 6 ea elereds «iste ek Held BOGE CE 67% A UM. eee ewe cee eee news ase eereeerees iy wey oe ee i pe AUR. a ob in See bee og WikbheeIse owe Tiss dlee 6 old 65 Anh sc cc wo ls lele Se OEMS 0c BN Wale abs pe dale de G2 ‘arloads to destinations east of the Mississippi © sold at delivered discounts for carloads lowered by for lengths 22 ft. and under; longer lengths, f.o.b. Usual extras to jobbers and boiler manufacturers, Rods and Wire.—Bessemer, open hearth and $29. Fence wire, Nos. 0 to 9, per 100 Ib., i) days, or 2 per eent. discount in 10 days, carload bbers, annealed $1.60, galvanized $1.90; carload otailers, annealed $1.65, galvanized $1.95. Gal- barb wire, to jobbers, $2.10; painted, $1.80. Wire obbers, $1.80. llowing table gives the prices to retail merchants in less than earloads, including the extras on Nos. 6, which are added to the base price: Fence Wire, Per 100 Lb. Wire Otod 10 11 1241244138 14 15 16 .$1.75 1.80 1.85 1.90 2.00 2.10 2.20. 2.30 2.05 2.10 2.15 2.20 2.30 2.40 2.80 2.90 iv t und Stone Wirein Bundles, Discount from Standard List. Bright and Annealed : ) and COBFHOE. 6c cctc ccc esy test atecse cerns 80 ) tO 18.6. ee pes cewek. haut ena: taene tae 80 and 10 » £0 BG. son le wiciece ancy: aah a 0 ce i to ' ee ye ee en ee ee 80 and 5 nized: ) and COOreOheis 2sdaxd (habe eeu 75 and 10 10 to 16,.<.000.08 ade ake nwiwe weirs eieee 75 and 10 17 tO 2B. vcvdens ee awe sks 6 ohne s eee 72% and 10 27 to BB. crecadecesewsd cee HO hin Oo beeeay sees 72% Coppered or Liquor Finished : ) and GOOrNOB x ninhs < lew 6% Seka <s GLUS 75 and 10 10 (0 26. + «0/0 swathed «ie bel-orceds © ae 75 and 10 27 » ROE Sis Cam ee ekaes «yen 70 and 10 and 5 nanedé 3 to 3Raw. (ated iee sak ceeds 75 and 10 and 10 Pittsburgh Park Bur~pine, April 26, 1911.—(By Telegraph.) Pig Iron.—The only inquiry of note in the market is r 900 tons of straight No. 2 foundry iron from a radiator rest at Johnstown, Pa. The iron will likely be bought 1 nearby furnace, which has a lower freight rate than Valley furnaces. Consumers of Bessemer and basic. not badly in need of iron, are nevertheless holding off the effect of the reduction of 50c. a ton in the price ' Lake ore. Considerable doubt is expressed as to whether irices on pig iron can be maintained, in the face lack of demand and the heavy production, It is there- e believed that the market is likely to remain quiet for e tine. Prices, which are regarded as nominal, are as ollows sessemer pig iron, $15; malleable Bessemer, ‘13.75; basie, $13.75 to $14; No. 2 foundry, $13.75 to $14, nd gray forge, $18.50, all at Valley furnace, the freight 'o the Pittsburgh district being 90c. a ton. Steel.—There is decided weakness in the steel market, on open hearth billets, which have been offered ->, delivered in Cleveland. Prices on Bessemer steel! fairly strong, but specifications from consumers of ind sheet and tin bars have fallen off very ma- especially on billets. The larger steel mills are stil! regular prices, which they claim they are holding is follows: Bessemer and open hearth billets, 4 x 4 ip to, but not including, 10 x 10 in., at $23, base, t and tin bars in 30-ft. lengths, $24; 1%-in. billets, <4 rging billets, $28, base, usual extras for sizes and all prices f.o.b. Pittsburgh or Youngstown dis- ight to destination: added. (By Mail.) reduction in ore prices for 1911 delivery is the c in the iron trade at present. The break came seek when W. P. Snyder & Co. sold 750,000 tons of ix interests, all steel companies but one. Of this ~00,000 tons was Mesaba Bessemer, at $4.25 for containing 55 per cent. iron (natural state), and ainder was non-Bessemer Mesaba at $3.50 for the °, Containing 51.50 per cent. iron (natural state). ices are 50 cents per ton less than 1910 prices, and ‘ame as were in force in 1908 and 1909. Opinions * to the effect the reduction will have on prices of S pig iron. Furnacemen claim that lower ore prices have been discounted in the low prices that have been ruling for pig iron for