The Iron Age 1911-05-18: Vol 87 Iss 20

—_—— aod a 1855 THE IRON AGE Establishes New York, May 18, 1911 VoL. 87: No. 20 ———— — ————— = _ 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 Price, United States and Mexico, $5.00 per Annum ; to Canada, $7.50 per Annum ; a Foreign Countries, $10.00 per Annum. W. H. Taylor, - - - - - President and Treasurer Harold S. Buttenheim, - - - - Vice-President and Secretary Geo. W. Cope, . - - - A. I. Findley, - - - - Editors W. W. Macon, - - ° 2 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. me Change in Steel Ber Peabee es sin ok cos views ees duh cctevces 1179 en Sen anti Ns ons UAC ae aiivigse vice Hb 4 ond babe’ Woe 1180 The Country’s Minimum Iron Requirements................. 1181 a en AMD IONE gia yas ei cb cde wae eee nes vowdegeewe 1182 The Steel Corporation to Be Imvestigated..............se00: 1182 The Naticnal Association of Manufacturers..............0++: 1182 The Manhattan Perforated Metal Company............-+ee05 1183 meme Shay Ol a ih ck cc iwc vecateuseasevdsoas, 1183 mee Tome axed: SEGRE aia 56 oak x bis 0c a's baw e Re iwe ewes od 1184 The Steel Corporation to Be Investigated.............00000+: 1193 Se Lei oseWadeele aus > ean oka pl camienewens biceinaes 1193 Blast Furnace and Coke Oven Gases. The Results of Their, Increasing Utilization at German Iron and Steel Works.... 1194 i POLRINN e laes 1195 ans AGMAMERRM cl 5 6 os i's 0A < Fecha be Chae e cece cadases 1195 me Soines Seep Deane ee ks. isis oe iva ewe hemes ceca se 1195 The Selection of Factory Equipment..:...........eseeeeeeee 1196 American Machinery in Eurape.....:.....e.eeeeeseeeeeeees 1198 Customs Decisions. Mantel or Fireplace Castings............- 1199 Tests of Steel at Watertown. A Study of Microstructure of Emgots and ‘Melldd DweGeeehss 605 os ccs coskwetws buncosenine 1200 The Kane & Roach Radial Drill.....i....ccccecceececeeess 1203 A Buffalo Forge Fan 30 Feet Bs 0 Bs 9 hn CS RS a abe ee 1203 The Central Foundry Company Reorganized..............+- 1203 Accident Prevention in the Machine RSs cain'hs v5e'¥ és Kp eS 1204 The Dick Belt Factory at Passaic, N. ies dees Mev veuewiee ease 1207 The Production of Coal in 1910.......0.sscecceecescececeess 1207 Practical Side of Electric Spot Welding...........++ee++ee0: 1208 The New Richmond POE WR i cb vidhicdecveeccccds 1210 The Rotrex Pump. A New Rotary Type for Producing High MEUINS. oth ips wed bad 6 be bbe bbe ds kbs ER MUEUS Cle 6 1211 The Hatris Tremetmieuinn ‘Wiel: oo.0k 5500 cord aenneenes snake 1212 The Stockbridge 16-Inch Single Geared Shaper............+++ 1213 The German Foundrymen’s Association...........+++s+++s0+% 1213 The National Building Material Exhibition.............+++++ 1213 Pawling & Harnischfeger Cranes in a Material Yard.......... 1214 pesos Tariff Work of the Bureau of Manufactures......... 1214 ‘orming Special Shapes by Cold Rolling of Standard Sections. 1215 ew Publication, ::: <<: canecasaee sion cs junds ccnbanens 1215 <m Contrast in Air Compressors. .......-...20ceeeceeeeeees 1216 tard ( . Frick Coke Company’s Safety Committee........-. 1216 Th — ‘ as Plants for Bituminous Coals...........-.+++++- 1217 “a om Waters Pitas tn Ma SRS. 5 ccc sde dance cckvms 1217 Th. tere» 12-Inch Steamdriven Pipe Threader.......--+.++ 1218 The Heid utomatic Handle Sander.......+sseceserersseres 1218 oa dromatie Water Valve a cvs vmnens &dpbbeansamhee baa 1219 . a Dust Exhausting System. .......+++e++seeesere+ 1220 Lake ~ tack ee 10,800-hp. Boiler Plant.....--++++++++eeseees 1221 Notabi Teal Iron Mining Veterans......... ne eee pee ene tees 1221 The le allation of Pelton-Francis Water-Wheels. ....-++++ 1221 The ae Disk Fan....... vdcén CO KeeCE See ee ee tbes ese 1222 The \\ aa Feed Water Strainer... .inc.sscdacecesss stores 1222 The x... umery MarketS.....--+scssseeeeeessesererees 1223 to 1231 at ae Association of Stove Manufacturers. ... vreeeees 1232 The re ome Ta and Reduction Gears for a Naval Vessel 1232 Trade P a oke-Oven Gas in Open-Hearth Furnaces.....---- 1232 ublications « 1233 The New pind Gaelic 6 «vine san tnnnonnsaeese Se No Change in Steel Bar Prices Manufacturers Confer on the Situation Railroad Buying Shows Improvement—Contracts for Rails and Bridges The iron trade has at no time made more than the vaguest appraisal of its interest in the anti-trust cases and is not now trying to measure the effect of Mon- day’s decision. It is general opinion that business should move with less restraint, with one of the com- monly recognized checks upon confidence removed. However, the immediate future of the iron market is more likely to be affected by other influences. New demand having fallen much below consumption since the beginning of April, there have been signs in the past week of slightly better buying, to which the rail- roads have contributed a larger share than in some time. A flurry in the bar trade has been the leading de- velopment of the week. At a meeting of the leading manufacturers of steel bars in New York on Tuesday the situation was canvassed, but the final decision was against any change in prices though a reduction was favored by one or two interests. In the conditions affecting bars one factor is the mid-year wage ad- justment which involves the labor of some manufac- turers. A reduction in bar prices would mean a re- duction in labor in mills governed by the sliding scale. Railroad buying is represented chiefly in rails and bridge work. New car orders have fallen off, but Canadian railroads are expected to place some equip- ment in this country which their home shops cannot deliver in time for the crop movement. Track sup- plies have been more active and at Pittsburgh light rail business has been better in the past week. Of the Kansas City & Southern’s expected order for 14,000 tons, a good part will probably be rolled at Sparrows Point and delivered by water to Texas port. The Great Northern inquiry for 28,000 tons is pend- ing. An order for 8500 tons for the Kansas City, Mexico & Orient has been placed at Pittsburgh. The Entrerios Railway in Argentina has bought 5000 tons of 60-lb. rails which will be rolled by the Carnegie Steel Company. At Chicago the Pennsylvania Steel Company has sold 5000 tons of girder rails to the Chicago Railways. The largest contract for railroad bridge steel was 8200 tons for the Chicago & Northwestern, divided between the Cambria Steel Company and the Amer- ican Bridge Company. The latter company was low bidder on the Reading track elevation work at Phila- delphia—4300 tons. At Pittsburgh three pending con- tracts, those for the Hotel Oliver, the new bridge at the Point and the Pittsburgh Crucible Steel Company’s new plant at Midland will require more than 15,000 tons. Plate mills have had little encouragement in re- cent developments. For a section of the Catskill aque- duct about 3300 tons of plates and shapes are about to 1180 be awarded and bids have gone in on 4500 tons of plates for the Los Angeles aqueduct. . Markets in the lighter products are drifting along with little change. Wire manufacturers met in New York Tuesday and reaffirmed prices. Tin plate ship- ments are better than in April, while the sheet market still shows some irregularity in prices. The pig iron situation is more unpromising. Prices in some Northern markets are weaker and spot sales of Southern iron continue to be made at $10.50 and $10.75 for No. 2 foundry. Small sales of Bessemer iron are reported at less than $15 at Valley furnace, while basic iron is on a $13.25 basis. A sale of 6000 tons of basic was made at that price for third quarter delivery. A Canadian car works is in the market for 2500 tons of basic and 2500 tons of low phosphorus iron. Several more merchant furnaces have gone out of blast. The Steel Corporation has increased its opera- tions, however, one South Chicago and one Duquesne furnace having been blown in this week, making 64 per cent. of its capacity active. Some Eastern furnaces have been in the market for coke for the second half of the year. More Con- nellsville ovens are blowing out in view of the declin- ing production of pig iron. Sales of electrolytic copper have been made at 11.90c and 11.95c., and indications increase that sownd adjustment of production to consumption will only come through market prices which temporarily elimi- nate the higher cost properties. —3-e_—___ Reason in Anti-Trust Cases The business community finds encouragement in the decision of the United States Supreme Court this week in the case against the Standard Oi! Company, just as it found ground for apprehension in the unanimous decision of the same case by the United States circuit court in November, 1909. Both decisions order the dissolution of the Standard Oil Company because its existence is a violation of the Sherman anti- trust act. They diverge sharply in their interpretation of the act, and in this divergence those who have so long feared for the foundations of present-day business are taking hope. The United States circuit court had caused widespread doubt as to the legality of all the large consolidations, its decision being almost in terms that a combination between competitors is a combina- tion in restraint of trade. The country has worn out the fright immediately produced by that decision, but the ground for it will appear on quoting again one of its most significant paragraphs: If the necessary effect of a contract, combination or conspiracy is to stifle or directly and substantially to restrict free competition in commerce among the States or with foreign nations, it is a con- tract, combination or conspiracy in restraint of that trade and it violates this law. The parties to it are presumed to intend the in- evitable result of their acts, and neither their actual intent nor the reasonableness of the restraint imposed may withdraw it from the denunciation of the statute. Over against this view the Supreme Court decision, as given by Chief Justice White, lays down the “rule of reason” as the guide in deciding whether the anti- trust act has been violated. In answering the Govern- ment contention that in the Freight Association case and in that against the Joint Tariff Association, the Supreme Court has held all contracts, combinations or acts in restraint of trade to be unlawful, under a literal interpretation of the Sherman law, the Chief Justice said: THE IRON AGE Ma 18, 191 If the criterion by which it is to be determined jy 4) Ge. whether every contract, combination, etc., is a restraint of trade within the intendment of the law, is the direct or lirect effect of the acts involved, then of course the rule of reason becomes the idea, and the construction which we have given the statute instead of being refuted by the cases relied upon is by those cases hone strated to be correct. This is true, because as th. construction which we have deduced from the history of the act and the analysis of its text is simply that in every case where it is claimed that an act or acts are in violation of the statute, the rule of reason. ip the light of the principles of law and the public policy which the <a embodies, must be applied. To put even more strongly this view of the ac the Chief Justice intimated that by refusing to apply a literal construction to it the court had saved jt from condemnation as unconstitutional. It had been argued g by the Standard Oil Company attorneys that the act applied as the Government attempted to apply jt impaired rights of property and destroyed freedom of contract or trade. To this the Chief Justice makes answer: The ultimate foundation of all these arguments is the assump. tion that reason may not be resorted to in interpreting and apply. ing the statute and therefore that the statute unreasonably restricts the right to contract and unreasonably operates upon the right + acquire and hold property. As the premise is demonstrated to be unsound by the construction we have given the statute, of course the propositions which rest u~on that premise need not be further noticed, The Supreme Court has thus read into the law the distinction made in some Presidential utterances in recent years between “good trusts” and “bad trusts.” The consolidations are to be judged by their fruits. The court does not supply in terms the definition of restraint of trade which the Sherman act omitted, taking the view that it was the express design of the act not to limit unduly its application by precise defini- tion. In holding against the Standard Oil Company the court finds that its acts were “with the purpose of excluding others from the trade and thus centralizing the combination in perpetual control of the movements of petroleum and its products in the channels of inter- state commerce.” It is added that the court’s decision was reached “by weighing the modes in which the power vested in that corporation has been exerted and the results which have arisen from it.” Elsewhere it is stated that “freedom to contract is the essence of freedom from undue restraint on the right to contract,’ and in the case of the companies gathered together by the Standard Oil Company this freedom to contract did not exist. The company is thus judged by its acts and their effect upon trade. In so holding the Sw preme Court has given definite assurance to the bus'- ness world that what is done with the consolidations must be done “in the light of reason.” Great organiza- tions that have been built up without let or hindrance from the Government in the 21 years since the Sher- man anti-trust act was’ passed are not to be attacked indiscriminately at the bidding of reckless trust smash- ers. That that menace has been taken out of the situ: ation is cause for congratulation. : On the other hand, the decision gives no comiot to consolidations that have set about to defy economic laws and to use their power against the consumers ol their products. There must be no mistaking the exte™ of popular feeling on this question. The belief tha! the consolidations were responsible in large part 1‘ the high cost of living, small foundation as there w* for it, was at the bottom of the political revolution 0 last November. And under the “rule of reason” which the Supreme Court has announced there can still be many prosecutions with the same outcome as 1 - S, IQII St rd Oil case. It behooves the consolidations to the promises of public benefits which were when they were formed. If they have divided economies with the consumer; if they have not destroyed competitors or sought a monopoly; if they ive been fair to labor; if they have. given stability the market and helped to curb advances; if they really brought better conditions, from all stand- ts, than prevailed under unrestrained competition, they need not fear judicial examination “in the light ’ reason. it is to be expected that business will improve because of the decision, though the extent to which the Standard Oil case has held up enterprise has doubtless been exaggerated. Other questions having more to do with prices of commodities and labor are still unsettled. But it is something to know that the steps taken in the past 25 years in the organization of business for economical production and the elimination of some of its greatest wastes—those arising from demoralizing competition—are not to be retraced. Germany has fostered industrial combinations. Her inroads upon foreign trade, under the regime of syndicates and consolidations, have been phenomenal. It is no time for the United States, with the urgings upon our man- ufacturers to push into outer markets more imperative with every year, to say that they must discard modern trade machinery and go back to the hand tools of a quarter of a century ago. The Country’s Minimum Iron Requirements The current experience of greatly reduced orders for steel products is provoking a great deal of discus- sion as to what are the country’s minimum require- ments. Experience gives some valuable indications, while it is possible to analyze conditions in some of the more important channels of consumption and obtain in- tormation. In scrutinizing statistical records it is necessary to make allowance for the normal rate of increase, for the ups and downs in demand have not been departures irom a fixed standard, but from a steadily rising standard. However bad conditions have become, the country has always taken a larger tonnage than it would have taken a few years earlier under very good conditions. Experience has established the law of doubling in pig iron every ten years so thoroughly that this principle must be considered in all analysis. The production of steel, as commonly understood—or rather misunderstood—has followed a different rule, but the iamiliar statistics showing successive doubling in peri- ods much shorter than ten years; but the showing of the figures is due in large part to two incidents: the replacement of wrought iron by steel some years ago, and the appearance in the ingot statistics of steel which becomes serap, in the various croppings of the mills, and is remelted, to appear again in the ingot statistics. in other words, while pig iron production has doubled cry ten years and steel ingot production has doubled ‘ periods much shorter, the production of rolled iron and rolled steel taken together has increased by ap- roximately the same law as pig iron. The leanest year in the past quarter century was "94, with a production of 6,657,388 tons of pig iron. ‘IS Was 27 per cent. less than the output in 1892, two -cats earlier, and nearly 28 per cent. less than the out- \\t of 1890, four years earlier, the year 1890 and 1892 THE IRON AGE 1181 having been the two years of largest production, with 1890 slightly in the lead. The 1894 production, how- ever, was in excess of the output in any year preced- ing 188. Thus there was a recession of not more than six years. In recent years the leanest was 1908, with an output of 15,936,018 tons of pig iron, which was 38 per cent. less than in the best previous year— the year immediately preceding—but a gain over any year prior to 1902, so that fhere was a recession of no more than seven years. A computation shows that if the normal is a doubling every ten years and two years six or seven years apart show identical production, then the earlier year showed production between 20 and 25 per cent. above the normal and the later year production between 20 and 25 per cent. below the nor- mal. Taking this as the greatest possible departure from normal, if one year should be abnormally good by that margin and the next year abnormally bad by the same amount, a very large drop would be seen, but such juxtaposition has never occurred, and no drop as great as 40 per cent. has actually been experienced. In the past, calendar years have been fairly repre- sentative of conditions, for as a rule fairly unttorm conditions have prevailed over any single calendar year. In the recent past such was not the case, for 1909 had a very bad beginning and 1910 a very bad ending, the result being that the twelvemonth ended August 1 last was the period of maximum production, falling only 200,000 tons short of 30,000,000 tons of pig iron, or 2,500,000 tons in excess of either of the cal- endar years. While there was undoubtedly stocking of material at times during that twelvemonth, there is no ground for believing there were any large stocks of material on August 1 last. But taking 29,000,000 tons instead of 30,000,000 tons as the standard, a decrease of 40 per cent. would call for 17,400,000 tons. No de- crease of such percentage has ever occurred, and the country has had some time to grow since then, so that experience would indicate that the very worst slump ever experienced would not bring demand as low as 20,000,000 tons, to which should be added an allowance on account of our increased facilities for exporting material. This is really the mathematical minimum, based on a repetition of past conditions. There is, however, no ground for assuming such conditions, The years 1894 and 1908 upon which this experience is based immediately followed great panics, with financial conditions extremely unsatisfactory. Now, on the other hand, is the soundness of financial conditions which causes wonder that trade conditions are as they are. Study of individual lines of production and con- sumption indicate that there have been numerous cross currents in demand in the past few years. The dis- tribution of steel tonnage last year was quite different from that of 1906 and 1907, although the total showed but a slight increase. Rails decreased, and plates prob- ably also, while wire, sheets and tin plates showed great increases. There was a trend towards greater tonnage in the lines which are least subject to fluctua- tion, because their consumption is an everyday occur- rence and does not depend upon the undertaking of large projects. This change in the character of con- sumption tends to reduce the fluctuations in tonnage from year to year. The increases in consumption of these lines are likely to continue with considerable uni- formity through thick and thin. The absence of railroad demand is usually cited as Re as ea Mk Resor ae ad 1182 THE IRON AGE the great cause of light buying at this time. As a mat- ter of fact railroad orders for cars and locomotives in the past two or three months have been fairly nu- merous, but not spectacular as to size. On account of the steady increase in traffic and the wearing out of wooden cars, for there are hardly any wooden cars in service less than about ten years old, the railroads are coming to have normal requirements, besides their special requirements due’to expansions. The freight traffic of the country doubles on an average about once in 12 years, so that roughly speaking rails and equip- ment are being worn out four times as fast as was the case a quarter century ago, when the heaviest railroad building was in progress and when railroad require- ments were almost wholly for extensions instead of for upkeep. Thus there is ground for a firm conviction that the irreducible minimum of the country’s actual require- ments, under present financial conditions, is really quite large, and much larger than is indicated by the low rate of buying of the past few weeks. This must yield eventually, and in the not distant future, to a much larger rate, or the precedents in the whole his- tory of the iron trade will be broken. The Iron Age Directory The publishers of The Jron Age are pleased to an- nounce that The Iron Age Directery for 1911 is now in press. This will be a much more complete Directory than has ever been published by this company, as it will contain the names of all the advertisers in all four of its publications. It will contain more classifications, having been laid out on a better and a more compre- hensive plan than ever before. The cost of preparing and publishing this Directory will be necessarily increased for the reasons above given. It is our purpose to furnish it to those sub- scribers of The Iron Age who have use for it and therefore desire it. We do not wish, however; to send it to people who have no need for it, and thus have it wasted. We shall therefore require that subscribers who desire to get this Directory must ask for it in order to have it sent to them. Requests should be sent in as promptly as possible, addressed to the Directory Department of The Iron Age, 239 West 39th street, New York City. The previous editions of the Directory have been found to be of great value to railroad and other pur- chasing agents and to officials of manufacturing estab- lishments who have a large amount of buying to do, and want to know just where to find good, live indus- trial concerns who are prepared to furnish things that they are in need of. We are confident that the 1911 edition will be found still more valuable. The price of the Directory to non-subscribers will be $2 per copy. —E The Standard Scale & Supply Company, 1345-1347 Wabash avenue, Chicago, has received an order from N. M. Stark & Co., Des Moines, Iowa, for 10 Eclipse low- charging batch concrete mixers. Representatives of the buyers had spent several days at the iast Chicago Cement Show inspecting the different types of concrete mixers, and after considering the merits of all the machines de- cided in favor of the Eclipse. The points of merit es- pecially regarded were the low charging platform, the large open drum which permits the batch to be seen while mixing, the simplicity in construction, and the few work- ing parts, enabling the complete outfits to be so lightly built as to be capable of easy removal from place to place. May 18, IOI] The National Association of Manvy- facturers Sixteenth Annual Convention The sixteenth annual convention of the National As. sociation of Manufacturers, held May 15 to 17 at the Waldorf-Astoria, New York, was attended by nearly 400 members and visitors. In connection with the convention an interesting exhibit of accident prevention devices was made in a room adjoining the convention hall, where was shown the most complete collection of photographs of safety apparatus that has ever been gathered together. Interiors of plants of more than 40 members of the association were thus shown, and photographs of accident prevention apparatus in factories of all descriptions were exhibited. The meeting on Monday was enlivened shortly before the close of the session by the announcement of the decision of the United States Supreme Court in the Gompers- Mitchell contempt case, and in that connection James A, Emery, counsel for the ‘association, said: “I have not had the opportunity to read the opinion, but attorneys who heard it believe that on every substantial issue of principle the contentions raised by Mr. Gompers and his associates are vigorously condemned. Their escape from imprisonment is due to a technical error in procedure and not, as was contended by them, to a lack of power in the court to enjoin a boycott or punish parties who, being prohibited from prosecuting a boycott, used tongue or pen as a means of doing so and then pleaded the consti- tutional right to liberty of speech or of the press as a means of escaping punishment for their disobedience.” President John Kirby, Jr., presided over the delibera- tions of the association. On Monday afternoon an ad- dress was made by John Foster Carr, secretary of the National Liberal Immigration League, on the “New Im- migrant Labor—Keep Open the Gates.” Addresses were also delivered by Edmund Wetmore, ex-president of the American Bar Association, who talked on “Our Patent Laws,” and by Charles M. Jarvis, who presented observa- tions regarding the Panama Canal, based on a recent visit. Tuesday morning’s session was- largely given over to the reports of the officers and committees. In the after- noon James A. Emery spoke on “How Workmen's Com- pensation Plans Can be Effected by Taxation.” There were also addresses by M. W. Alexander, of the General Electric Company, who talked on “Accident Prevention,” and Walter Drew, counsel for the National Erectors’ Association, who discussed “Industrial Disputes.” The Presidential Address. President Kirby’s address was an able presentation of the work now being accomplished by the association. After paying a tribute to the members for the assistance and support given him during the year, he called atten- tion to the growth of the association, the past year hav- ing recorded the largest yearly increase shown in a long period. Setting forth the desirability of organization and co-operation, he strongly commended the American Anti- Boycott Association, the National Council for Industrial Defense, the National Metal Trades Association and the National Founders’ Association, stating that the time 1s at hand when all business men should no longer have to be coaxed into supporting not one only but all of them, and that the men who give freely of their time, their energies and their money in carrying on the work of such organiza- tions should not have to plead for assistance from those who are among its beneficiaries. He called attention to the work of the committee on industrial indemnity insurance and the investigation made in Europe by Mr. Schwedtman, the chairman of the com- mittee, and Mr. Emery, its general counsel, the result ot which has been published in book form, making a volume which will form an epoch in industrial literature. He dis- cussed the subject of employers’ liability, expressing the opinion that gradual and not hasty exertion should be applied to the solution of the problem. With regard to industrial education, he declared that the antagonism 0! the National Association of Manufacturers to the prin- ciple of the closed shop and the methods employed to ¢s tablish it is too strongly intrenched in the minds 01 's members ever to permit of any mixing up with the labor May 18. IQII ru its policy with respect to industrial education. Hi ngly commended what is being done in establish- ng tical and efficient manual training or trade schools, believing that the subject should be handled by an or- tion formed expressly for the purpose. He again ted a permanent tariff commission. A considerable part of his address was devoted to the condemnation of those who dynamited the building of the Times at Los \nocles, Cal., and in that connection denounced the man- ane vhich organized labor has either supported or con- deeds of violence. Resolutions Adopted t the session on Tuesday afternoon quite a number of resolutions were adopted, in each case after a full dis- cussion of their purposes. Omitting the preambles, these resolutions were as follows: THE LOS ANGELES DYNAMITERS. ed (1), That we take this occasion to reaffirm and reiterate belief in the right of workingmen to organize for the bet- f their conditions, and to seek to secure that betterment ind every means that is lawful for any organization of per- litical, religious, social or industrial to employ; That we deplore the widespread expression of class hatred e manifest attempt to prejudice the full and fair workings of s and courts as a matter of more grave than sinister impor- to our nation than the crime which has been the occasion , though the enormity of such crime is beyond words; That we refuse to believe that such expressions are at all esentative of the real thought and feeling of any considerable r of our citizens, whether within or without the ranks of labor, and we prefer rather to seek their source and is among those so-called leaders of organized labor who habitu- mploy, countenance and believe in the use of all forms of oercion and ree zea intimidation in industrial disputes, and who in the public indignation aroused by the carrying of the doc- f force to its logical and awful conclusion, in the shape of te, a serious check upon their own future activities; 4) That we express our earnest desire, in common with that of ight-thinking citizen of our country that said accused per- may have a fair, impartial, and speedy trial, free from the fluence of class feeling, and irrespective of any question save only f their guilt or innocence of the crime charged, and we assure c officers, upon whom devolves the duty of conducting said f our full faith and confidence in their purpose and ability to .ccused without fear or favor. CLASS LEGISLATION ved, That the National Association of Manufacturers does vith vehemently protest and sternly rebuke any attempt by our or State legislatures to foster, consider or enact hasty, un- ed and special legislation designed, directly or indirectly, to lass legislation, with all its attendant constitutional dangers lustrial disorders. CRIMINAL USE OF DYNAMITE, That we consider the criminal use of dynamite and xplosives as a matter of grave national concern, and the em- t of all the lawful agencies of government to check and t such use as of vital importance, and be it further ; ed (1), That we urge upon the legislatures of the various s the passage of laws regulating the sale, transfer, storage and dynamite and other high explosives, to the’énd that the t measure of safety and protection to life and property from minal use of said explosives can be secured with as little in- erence as may be with the legitimate and industrial uses of the That we believe and therefore urge that the possession of a f a time clock contrivance, or other infernal machine ac- ed by possession of dynamite or other explosive possible to off and exploded thereby, which bomb, contrivance or in- machine is manifestly not suitable to or intended for any industrial use, should be made a felony, and that, in penalty should be provided for the criminal use of dyna- ind other explosives sufficiently commensurate with the enor- f the offense to afford a decurrent effect upon said use. That we urge upon our national Congress the passage of ipon the above lines for the District of Columbia and the les, and also such laws as may be proper and expedient, gov- %, regulating, or making criminal the transportation from State of high explosives, bombs and infernal machines. That the president of this association be instructed to ap- ‘ permanent committee either on its own initiative or in con- with other organizations, to make this resolution effective s may be possible. TRIBUTE TO PRESIDENT KIRBY lved, That the delegates gathered at this convention of the 1 Association of Manufacturers rejoice to express their ap- ‘ion and admiration for the uniform dignity, skill and courtesy ‘hwich our distinguished president, John Kirby, Jr., has pre- ver its deliberations. THE IRON AGE 1183 Further Resolved, That we record the gratification for the un- tiring zeal, enthusiastic devotion and sustained loyalty with which he has so admirably administered the affairs of the association during the past year, and that we extend to him the assurances of the ob- ligation we feel for his unselfish dedication of time and labor to the principles for which the association immutably stands. The proceedings of Tuesday afternoon included ad- dresses by Gen. Harrison Gray Otis, proprietor of the Los Angeles Times, and by Walter Drew, the counsel of the National Erectors’ Association. Mr. Drew told how the members of his association, who form about 80 per cent of the structural steel builders of the country, had split with the unions five years ago and for the last three years had suffered about 80 dynamite outrages. Reports were received from the committee on legisla- tion regarding the legislative activities of the last year in the endeavor by unions to limit the power of injunc- tion, and from F. C. Schwedtman and James A. Emery, the commissioners sent to Europe by the association last year to investigate the prevention of accidents and the subject of workmen’s compensation. A number of views were shown by Mr. Schwedtman to demonstrate how the Germans safeguard their machinery. —_—_..9--- The Manhattan Perforated Metal Company.—Chris- tian Ejidt, senioremember of the Manhattan Perforated Metal Company, completed 25 years in the perforated metals line on May 17. In 1886 he began his appren- ticeship with the firm of Mundt & Creter, 88-90 Walker street, at that time the only metal perforators in New York City. When this.firm dissolved partnership Mr. Eidt cast his, lot with the. new firm of Charles Mundt & Son, at the old location, and worked his way up to shop superintendent. In 1902, with Charles Schreyer and Phillip Cretef, he established the Manhattan Perfo- rated Metal Company, locating at 237 Center street, in what is now the wholesale hardware district. Consider- ably improved machinery, built from the designs of the firm, enabled it to turn, out the best class of work very rapidly, and its business grew steadily, extending to all parts of the world. It is of interest that Mr. Eidt started with the only perforated metal establishment in New York City, and his, firm holds the same distinction at present. ee White Star Oil Filter Orders.—The Pittsburgh Gage & Supply Company, Pittsburgh, has received an order from the Berwind-White Coal Mining Company, Windber, Pa. for five White Star oil filters of the duplex type. These filters are designed for use in connection with con- tinuous oiling systems, and each has a filtering capacity of 200 gal. per day. Other contracts recently secured are as follows: Bethlehem Steel Company, South Bethle- hem, Pa., one multiplex type filter, tooo gal. per day; Republic Iron & Steel Company, Haselton, Ohio, one multiplex type filter, 500 gal. per day; Vulcan Iron Works, South Wilkes-Barre, Pa., one duplex type filter, 200 gal. per day; Minneapolis Steel & Machinery Company, Min- neapolis, Minn., one duplex type filter, 200 gal. per day. A large number of orders.for smaller units have also been received... New agencies for the sale of White Star oil filters and oiling systems have been established in Cleve- land, Ohio; Houston, Texas; Tampa, Fla; Nashville, Tenn.; Birmingham, Ala.; Dallas ,.ex., and Augusta, Ga. eH The Q. M. S. Company, Plainfield, N. J., has just issued attractive loose leaf catalogues illustrating its line of metal sawing machines, hand power traveling cranes, jib cranes, I-beam trolleys, pneumatic hoists, power hack saws, car wheel grinding machines, Stanwood car steps and pneu- matic pit jacks, ‘ The Defiance Paper Company, of which J. A. Adams is general manager, Niagara Falls, N. Y., manufacturer of wall paper, has let contracts for two additions to be made to its manufactuging plant on Second street. The new buildings are to be completed, equipped and ready for oper- ation early the coming fall. The Columbia Steel & Shafting Company, with works at Rankin and Carnegie, Pa., has removed its offices from Rankin to the Empire Building, Pittsburgh. The company manufactures cold drawn, turned and polished steel shaft- ing. i gene a tnepenenr t = aed THE IRON AGE The Iron and Metal Markets A Comparison of Prices Advances Over the Previous Week in Heavy Type, Declines in Italics. . At date, one week, one month and one year previous, May 17, May 10, Apr. 19, May 18, 1911. 191% .,1911. 1910. PIG IRON, Per Gross Ton: Foundry No. 2, standard, Phila- delphia : $15.50 $15.50 $17.00 Foundry No. 2, Valley Furnace.. ‘ 13.75 13.75 15.25 Foundry No, 2, Southern, Cin- cinnati ‘ 14.25 14.25 14.75 Foundry No, 2, Birmingham, Ala F 11.00 11.00 11.50 Foundry No. 2 local, at furnace, Chicago* 5. 15.00 15.00 17.00 Basic, delivered, eastern Pa ‘ 15.00 15.25 16.50 Basic, Valley furnace 13.50 13.75 15.00 Bessemer, Pittsburgh ‘ 15.90 E 17.40 Gray forge; Pittsburgh 14.40 id 15.90 Lake Superior charcoal, Chicago. 17.50 A 18.50 COKE, CONNELLSVILLE, Per Net Ton, at oven: Furnace coke, prompt shipment. F 1.55 Furnace coke, future delivery.. ‘ 1.75 Foundry coke, prompt shipment.. ; 1.85 Foundry coke, future delivery... 2.10 BILLETS, &c., Per Gross Ton: Bessemer billets, Pittsburgh J 23.00 Forging billets, Pittsburgh . 28.00 Open hearth billets, Philadelphia. is 25.40 Wire rods, Pittsburgh r 29.00 OLD MATERIAL, Per Gross Ton: Iron rails, Chicago 14.00 Iron rails, Philadelphia i 16.75 Car wheels, Chicago a 12.75 Car wheels, Philadelphia J 13.00 Heavy steel scrap, Pittsburgh.... , 12.50 Heavy steel scrap, Chicago 10.25 Heavy steel scrap, Philadelphia. . 13.00 FINISHED IRON AND STEEL, Per Pound: Cents. Cents. Bessemer steel] rails, heavy, at mill Refined iron bars, Philadelphia.. Common iron bars, Chicago Common iron bars, Pittsburgh... Steel bars, tidewater, New York.. Steel bars, Pittsburgh Tank plates, tidewater, New York. Tank plates, Pittsburgh Beams, tidewater, New York.... Beams, Pittsburgh Angles, tidewater, New York.... Angles, Pittsburgh Skelp, grooved steel, Pittsburgh.. Skelp, sheared steel, Pittsburgh.. SHEETS, NAILS AND WIRE, Per Pound: Cents._ Cents. Sheets, black, No. 28, Pittsburgh. ‘ 2.20 2.40 Wire nails, Pittsburght i 1.80 1.80 Cut nails, Pittsburgh t 1.70 1.80 Barb wire, galvanized, wn 2% 1. 1.50 lL Aonwsouw wv 1.61 1.45 1.66 1.50 1.66 1.50 Sorbie gerd iiv S2SanSSS5 1.50 1.50 1.60 Dt tt at tt teat fet et te ttt pet pt Pet fe ek Bet ft fee feel fet feed et eth ett SWweus.uns ub ow dow bo ASOAGSASAOAS Lo Det et et et fet pt et et oOwsaAusua.u nASooOnoncn he w oO @ 5 o wD 2.10 2.10 METALS, Per Pound: s. Cents. Cents. Cents. Lake copper, New York . 12.25 13.37% 13.00 Electrolytic copper, New York... ? 12.12% 12.12% 12.75 Spelter, New Y - 5.50 5.50 5.30 Spelter, St. Louis. : 5.25 5.30 5.15 Lead, New York . 4.40 4.45 4.35 Lead, St. Louis i 4.25 4.30 4.20 41.50 41.70 33.20 Antimony, Hallett, New York... 9.00 8.75 8.12% Tin plate, 100 Ib. box, New York. $3.94 $3.94 $3.94 $3.84 __ * The average switching charge for'delivery to! fdundries in the Chicago district is 50c. per ton. + These prices are for largest lots to jobbers, +e 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, 11c.;' Cleveland, toc.; Cincinnati, 15c.; Indian- apolis, 17¢c.; Chicago, 18c.; St. Paul, 32c.; St. Louis, 224%4c.; New Orleans, 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 1.45¢., net; I-béams over 15 in., 1.50 c. to 1.55c., net; H-beams over 8-in.; 1.55c. to 1.60c.; angles, 3 to 6 in., inclusive, % in. and up, I.40c. to 1.45c., net; angles over 6 in., 1.50c. to I.55c., net; angles, 3 in., on one or both legs, less than % in. thick, 1:45c., plus full extras as per steel bar card effective September 1, 1909; tees, 3 in. and up, I.45c., net; zees, 3 in. and up, 1.40c. to 1.45c., net; angles, channels-and tees, under 3 in., 1.45c., base, plus full extras as pet steel bar card of September 1, 1909; deck beams and bulb angles, 1.70c. to 1.75c., net; hand rail tees, 2.50c.; checkered and cor- rugated plates, 2.50c., net. Plates.—Tank plates, 4 in. thick, 6% in. up to 100 in. wide, Pgoc. to 1.45¢., base. Following are stipula- tions prescribed by manufacturers, with extras to be added to base price (per pound) of plates: Rectangular plates, tank steel or conforming to manufacturers’ standard specifications for structural steel dated February 6, 1903, or equivalent, %4-in. thhck and over on thinnest edge, 100 in. wide and under, down to but not including 6 in. wide, are base. Plates up to 72 in. wide, inclusive, ordered 10.2 Ib. per square foot are considered %-in, plates. Plates over 72 in. wide must be ordered }4-in. thick on edge, or not less than 11 Ib. per square foot, to take base price. Plates over 72 in. wide ordered less than 11 |b oF square foot down to the weight of 3-16-in, take the price of 3-16-in. Allowable overweight, whether plates are ordered to gauge or weight, to be governed by the standard specifications of the Asso ciation of American Steel Manufacturers. Gauges under %-in. to and including 3-16-in. on thin- nest edge Gauges under 3-16-in. to and including No. 8 Gauges undér No. 8 to and including No. 9 Gauges under No. 9 to and including No. 10 Gauges under No. 10 to and including No. 12 Sketches (including all straight taper plates) 3 ft. and over in length Complete circles, 3 ft. in diameter and over Boiler and flange stee: “A, B. M. A.” and ordinary firebox steel Still bottom stéel Marine steel Locomotive firebox Widths over 100 in. 110 in., inclusive Widths over 110 in. in., inclusive Widths over 115 in. in., inclusive Widths over 120 in. in., inciusive Widths over 125 in. inclusive Widths over Cutting to lengths or diameters under 3 ft. inclusive Cutting to lengths or diameters under 2 ft. inclusive 7 Cutting to lengths or diameters under 1 ft 1.55 No charge for cutting rectangular plates to lengths 3 ft. and over, Terms—Net cash 30 days. _ Sheets.—Makers’ prices for mill shipments on sheets in carload and larger lots, on which jobbers charge the usual discounts for small lots from store, are as fol- lows: Blue annealed sheets, Nos. 3 to 8, U. S. standard gauge, 1.55c.; Nos. 9 and 10, 1.65c.; Nos. 11 and 12, 1.70c.; Nos. 13 and 14, 1.75c.; Nos. 15 and 16, 1.85c. One pass, cold rolled, box annealed sheets, Nos. 10 to 12, 1.85c.; Nos. 13 and 14, 1.90c.; Nos. 15 and 16, 1.95c.; 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. 29, 2.25c.; No. 30, 2.35c. 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¢c.; No. 30, 2.45c. Galvanized sheets, Nos. 10 and 11, black sheet gauge, 2.20c.; Nos. 12, 13 and 14, 2.30c.; Nos. 15, 16 and 17, 2.45¢; 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%-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’ car- load discounts on the Pittsburgh basing card on wrought pipe, in effect from October 1: Butt Weld. -— Steel —, -— Iron —~ 71 59 75 65 66 62 2% to 4 in 64 4% to 6 in 63 7 to 12 in 7 55 13 to 15 in is “ .* Butt: Weld, extra strong, plain ends, card weight. 4%, %& in 69 59 - 6 in. 68 70 72 74 73 75 71 73 70 72 59 65 9 to 12 in 54 :. Butt Weld, double extra strong, plain ends, card weight. Y% in. 64 58 60 54 61 63 57 63 65 39 lain ends, card weight. és 59 61 55 57 63 62 56 55 45 THE IRON AGE 1185 THE IRON AND METAL MARKETS Plugged and Reamed, 2 to 3 in..Butt Weld { Will be sold at two (2) | points lower basing (high- er price) than merchant or \ card weight pipe. Butt or 4 in. ..aebe Lap Weld (lap weld, as specified. ve discounts are for “card weight,’’ subject to the usual 5 per cent. Prices for less than carloads are three (3) basing (higher price) than the above discounts. Boiler Tubes.—Discounts on lap welded steel boiler iobbers in carloads are now as follows: Steel. 6 tubes t 3 in..4s 0akeqedieaititas aaceeetaaenees 62% than carloads to destinations east of the Mississippi River i at delivered discounts for carloads lowered by two points Pittsburgh. gths 22 feet and under; longer lengths f.o.b. cual extras to jobbers and boiler manufacturers, Wire Rods and Wire.—Bessemer, open hearth and chain rods, $29. Fence wire, Nos. 0 to 9, per 100 Ib., terms 60 days, or 2 per cent. discount in 10 days, car- load lots, to jobbers, annealed $1.60, galvanized $1.90; carload lots, to retailers, annealed $1.65, galvanized $1.95. Galvanized barb wire, to jobbers, $2.10; painted, $1.80. Wire nails, to jobbers, $1.80 The following table gives the prices to retail mer- chants on wire in less than carloads, including the ex- tras on Nos. 10 to 16, which are added to the base price: Fence Wire, Per 100 Lb. Moe ..scaeswnee 0 to 9 10 11 12&12% 13 14 15 16 Annealed ...-$1.75 1.80 1.85 1.90 2.00 2.10 2.20 2.30 Galvanized ..... 2.05 2.10 2.15 2.20 2:30 2.40* 2.80 2.90 Varket and Stone Wire in Bundles, Discount from Standard List. Bright and Annealed: 9 and COAPFBEF cacccenhanecnes Fae been sheeenenel ceca 80 to 18....ccucoecw ey 0 ecg eenroe’ atk vee 80 and 10 19 to 26... sees sep e bedhead ee enee 80 and 10 and 2% 27 to 36... cect awed see eR elv Aan Cee eels ene ee 80 and 5 Galvanized: 9 and CORPSES. o 260s apt Vien ed) lee oie « skeen 75 and 10 10 to 16...0000 06a vee Geek salu e eae es nee 75 and 10 17 to 26 occdsnccdddupaseeidened teen baneeae 72% and 10 27 to Bucccccvdsoedssad sees see cued’ cee eee 72% Coppered or Liquor Finished: 9 and COQTSOE 6450 buesawss teleks VOen eee 75 and 10 10 to 26... ccotdinveceees kee bee eee ae 75 and 10 7 to 36... css catibwanee ea nanan 70 and 10 and 5 occ ones tee RR oa eee wi 75 and 10 and 10 Pittsburgh Park Buitpinc, May 17, 1911.—(By Telephone.) Pig Iron—The American Steel “Foundries has ight 6000 tons of basic iron for third quarter de- y from a Valley furnace at $13.25 at furnace. The Canadian Car & Foundry Company is inquiring for 500 tons of basic and 2500 tons of low phosphorus on, but the business will likely go to Buffalo or Cleveland furnaces, which have a lower rate of freight Montreal than the Valley furnaces. Small lots of essemer pig iron are being sold by dealers at $14.75 | $14.85 at Valley furnace. The furnaces compris- ing the Bessemer Pig Iron Association are still hold- ing Bessemer at $15, but report no sales being made. Ve note a sale of 100 tons of Bessemer at $14.75 and -00 tons at $14.85, both by dealers. We quoté’as fol- ws: Bessemer pig iron, $15 nominally; malleable essemer, $13.75; basic, $13.25; No. 2 foundry, $13.50 ‘or prompt and $13.75 for forward delivery; gray ‘orge, $13.25, all at Valley furnace, the freight rate to the Pittsburgh district being 90c. a ton. Steel—Regular prices on Bessemer and open-hearth in the Pittsburgh district are being maintained, ‘ in Cleveland and at other consuming points open- rth steel is being offered at $1 per ton less than ‘egular prices. We note a sale of 300 tons of open- carth slabs to a pipe mill, to be rolled into skelp, at ‘23, Pittsburgh. Regular prices are as follows: Besse- er and open-hearth billets, 4x4 in. and up to, but ncluding, 10x 10 in,, at $23, base, and sheet and ars in 30-ft. lengths, $24; 1%4-in. billets, $24; forg- ig billets, $28, base, usual extras for sizes and carbons . «! prices, f.0.b. Pittsburgh or Youngstown di