The Iron Age 1911-07-06: Vol 88 Iss 1

_ THE IRON AGE _ Established 1855 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 ; to Other Foreign Countries, $10.00 per Annum. Single Copies, 20 Cents. W. H. Taylor, ws * l. A. Mekeel, - -° - Harold S. Buttenheim, - President and Treasurer - First Vice-President Second Vice-President and Secretary Geo. W. Cope, A. IL. Findley, W. W. Macon, Editors 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 Pig Iron Production Declines The Wage Railroad The Use of Scale Settlements Earnings Fairly Portland The Human Wholesale Obstacle to Indictments of Men United States Cast Iron Pipe & Foundry Company & Machine Engine Jusiness Lewis Foundry Company Contracts... .....s.se0 Kerosene The Ward Nail Cambria Wire & Nail Catalogue The American Car & Foundry Foos Economy Company Company’s Year June Pig Iron Production Obituary The Iron and Metal Markets EI Ne ce re NS i i es eel So 19 Personal The American Society for Testing Materials The Davis-Bournonville Company’s Increased Facilities Heat Treatment on Acid and Basic Open Hearth Steel of Sim- ilar Composition The Cincinnati Bickford Shops The New Iroquois Blast Furnaces............cccccccccccccs 30 Selling Arguments for Blast Tin Roofing New Bethlehem Furnace Almost Completed May Iron and Steel Exports and Imports Monthly Meeting The American Blower The Brass Company’s Manufacturers’ empuey Ona Amalesing Gesee. 05. .iicvicccctveavccesvces An Interesting Crane Installation Operation of Blast-Furnace Gas Engines................+200: Selling American Machine Tools in Europe A Book on Arc Lamp Operation The Sheet and Tin Plate Scale The New City A New Queen The Moll Steen Trap for Teitien Plants Habs s bea eee haaeeeee A Poppet Valve Engine Chicago Engineers’ Club New Quarters The Government Report on the Steel Corporation A Special Air Pump and Jet Condenser A Combination Grinding Machine Toncan Metal A Portable Pipe Machine Markets Purchases The Machinery Government New York, July, 6 1911 VOL. 88: nthe 1 Pig Iron Production Declines But Pig Iron Buyers Show More Interest Improving Outlook for Last Half of the Year Very complete reports from blast furnace operators » The Iron Age show an output in June of 1,787,566 gross tons of coke and anthracite pig iron in the United States, against 1,892,456 tons in May. The falling off but although the month was a day shorter. was 105,590 tons, The daily output in June was 59,585 tons, which is 1494 tons under the daily rate in May. This is the lowest production of any month since January, The furnaces in blast July 1 numbered 197, against 203 in blast June 1, and their estimated daily capacity was 59,979 tons, against 61,844 tons June 1. The decline in the June output was confined to the merchant furnaces. Those connected with steel plants maintained a daily rate of 42,708 tons against 42,270 tons in May. These figures sulietieitlinns the reports of an improvement in the steel trade in June, and it is expected that the July figures will s' w this tendency more strongly. The June figures added to those for previous months make an aggregate of 11,470,054 tons of coke and anthracite p1g iron pro- duced in the first half of the year. Adding an esti- mate of 160,000 tons for the charcoal pig iron made, the total for the half year is 11,630,054 tons, against 12,- 319,807 tons produced in the last half of 1910, accord- ing to the authentic statistics of the American Iron and Steel per cent. The indications for the coming half year are much more cheerful than were those of last January. While the production of pig iron has been declining, the vol- ume of business in finished products as well as in pig iron has been increasing. The United States Steel Cor- poration worked up to 73 per cent. of its total steel ingot capacity last week, which represents about what is expected to be realized after the passage of the dull- ness of the first half of July due to stoppages for re- pairs and inventories. The past week witnessed the closing of another large contract for steel bars by a Western agricultural implement manufacturer. Several smaller contracts of the same character were placed in Ohio. The steel bar market seems firmly anchored on the 1.25c. Pittsburgh basis. The closing of the New York Subway agreement with the Brooklyn Rapid Transit Company means the early placing of contracts which will eventually require over 200,000 tons of steel. While deliveries will be spread over several years, the amount required each year will be of much importance to the steel trade. The city of Detroit will open bids July f1 on 11,000 tons of cast iron pipe. The railroad consumption of iron and steel is likely to be much heavier in the coming quarter. Specifica- tions for rails are coming in more freely, while good orders are being placed for locomotives and cars, with a much more active demand indicated for the latter in the near future. All interests connected with furnish- when the daily output was 56,752 tons. Association. The decline was thus a little over 5 2 THE IRON AGE ing railroad equipment or supplies are now talking more hopefully and confidently. Reports from the various pig iron markets are be- coming much brighter. In the Chicago market melters are inquiring generally for last half delivery with the demand for malleable iron prominent. In Cincinnati inquiries for pig iron are remarkably good. Cleveland reports that the demand for pig iron there shows more life than for months, and an inquiry is out for 6000 tons of basic. Pittsburgh reports that inquiries for basic iron there total 30,000 tons, while an inquiry is also in the market for 3000 tons of Bessemer. Basic pig iron is now firmer as the stocks held by scrap dealers have been sold and those middlemen are therefore out of the market. It is now quoted at $13.25 at Valley furnace, with some makers refusing to shade $13,50. Interest among consumers is reported to be broadening at Buf- falo with a considerable increase in the number of in- quiries. The Eastern markets also show a somewhat larger demand. In connection with pig iron matters the fact must be noted that the independent blast furnaces of the Middle West increased their stocks of pig iron last month by 33,000 tons. This was due to a considerable extent to the increasing make of furnaces connected with some steel plants. The improved condition of the iron trade is making itself felt in coke, for which the demand is much more active both from blast furnaces and foundries, and prices are therefore a little firmer. Lake Superior iron ore shipments in June were 4,826,525 tons. Shipments up to July 1 were 8,810,354 tons. This is a falling off of slightly over 6,000,000 tons, as compared with the movement to July 1 last year. iqmihdititidiniteenmenes The Wage Scale Settlements Worthy of more than passing mention is the ami- cable settlement of certain mill wage scales for the twelve months beginning July 1. Sheet and tin plate scales were agreed to June 22 and the Republic bar iron scale June 28. The scales for the sheet and tin plate mills only apply to the works of such companies as recognize the Amalgamated Association, while the bar iron scale signed by the Republic Iron & Steel Company only relates to its mills working on iron. Quite a number of bar iron makers organized as the Western Bar Iron Association will be represented in conference with the Amalgamated Association at a meeting arranged for July 6, but it appears settled that those manufacturers will follow the example of the Republic Iron & Steel Company. While these wage settlements affect a very small part of the capacity of the country’s iron and steel finishing mills, they constitute that part of the trade in which wage scales are agreed upon at this time of the year. The fact that a harmonious adjustment has been reached is gratifying, as labor troubles are always un- pleasant and involve both loss and inconvenience, but the further fact that the terms agreed upon continue the rates paid for the past year is highly interesting. It had been expected that the depression in trade and the decline in prices would so warrant a demand by manufacturers for a reduction in the rate of wages for the coming year that such a claim would not only be presented, but be emphatically insisted upon. Un- questionably the reduced prices for sheets and bar iron have seriously cut into the profits of manufac- turers. In the case of tin plates prices have not been reduced, it is true, but if the depression in business should continue far into the last half of the year it July 6, 1911 might be necessary to make a cut in that branch also. The continuance of old rates of wages, however, ap- pears to represent a belief among manufacturers that the slight turn for the better which has recently been apparent presages a more favorable state of trade in the near future. Another fact stands out very clearly. Wage scales are no longer attacked when a depression in trade makes its appearance as was the case not so many years ago. In those days the pay roll was one of the first points to be considered when the necessity for retrenchment or a reduction in costs made itself felt. It might provoke difficulty and precipitate labor troubles, but chances were taken of such a result, as, if a reduction was effected, it was an easier and simpler way to cut down the cost of production than to study where economies could be secured in other direc- tions. Managers have become more enlightened, more efficient and perhaps more sympathetic than was for- merly the case, notwithstanding the impression that the corporate form of doing business leads to the elimina- tion of personality. Whatever may be the influences or consideratigns which have brought about this settlement of the wage scales for IQII-I912, the result attained must be a serious disappointment to those who have so persist- ently claimed that the liquidation imposed by the panic of 1907 must run its course until it included labor. If these wage scales had been cut down, that would have been claimed as an indication that the liquidation in labor was progressing. The movement downward, however, has evidently not acquired a sufficient impetus to carry every element of cost with it. —_—_—_9+¢——_— Railroad Earnings Fairly Good The Bureau of Railway Economics, Washington, which is maintained by the railroads and makes a monthly presentation from statistics of railroad earn- ings identical with those which the Interstate Commerce Commission summarizes somewhat more slowly, has just issued its April chart, reducing railroad earnings to a per mile basis, which, of course, is the only fair method of comparison, because railroad mileage in- creases each year. The showing for the first four months of this year is not, on the whole, unsatisfactory. It is true that revenues, after January, have been slightly lower than a year earlier, but expenses have decreased almost as much, so that the decrease in net revenue, particularly for April, is not proportionately as great 4s the decrease in gross. The bureau’s com- parison is made only with the months of the preceding year. If we go back to earlier years we shall find the comparison quite favorable, for the first four months of this year, if they do not make an altogether ‘pleasant showing with the same months of 1910, do make a dis- tinctly favorable showing as compared with either 1909 or 1908. It is not possible to go back farther than July I, 1907, when the uniform accounting system of the Interstate Commerce Commission went into effect. We find that the gross revenue per mile of line in the first four months of this year averaged well above $900 per month, with the exception of February, a short month. This, as observed, was slightly below 1910, but above 1909 and far above 1908, when the average was not much above $750. Net revenue. this year ranged from about $225 in January and February to between $275 and $300 in March and April, some- what less than in 1910, practically identical with 1909 and much above 1908, which showed about $175 in July 6, 1911 January and February and about $235 in March and April. The argument of the railroads that they must have large surplus earnings in order that extensions may be made is not being taken altogether as much to heart by the public at large as formerly. The trend in cur- rent thought is rather directly toward economizing, and there is room for questioning the ultimate advantage of finding earnings in one place to invest in another place which cannot support itself. Of course a new line cannot be expected to be made to pay from the start, but it ought to be able to become a paying prop- osition at an early date; otherwise it is not in accord- ance with present day ideas of economy to build it. Improvements upon existing lines have never been seriously in jeopardy. They are called for by increase in the traffic, and that increase in traffic is sure to produce the funds, irrespective of the curious doctrine offered last year in the advanced rate cases, that as traffic increased the cost per unit for conducting it in- creased. That the total freight traffic of the country is bound to increase apace, with few and slight back- sets, is indubitable, and it is not conceivable that this should not, year by year, place the railroads in better and better position. For handling the growing traffic, the railroads will from time to time require more cars and locomotives, and will wear out their rails faster. Those are the orders, rather than occasional large expenditures for extensions of lines, which in the long run will be most profitable to the iron and steel industry. ——~+-o—___ The Use of Portland Cement Statistics of the production of Portland cement in 1910, just made public by the United States Geological Survey, show that in two years our production has in- creased by almost 50 per cent. As cement and iron have much in common commercially, it is interesting to study the production statistics. While last year’s pro- duction was 75,699,485 barrels, it was only fifteen years ago that the output reached the dignity of seven figures. In 1880 the total made in the United States was esti- mated at 42,000 barrels, and in 1890 at 335,500 barrels, accurate returns showing the 1895 production to have been 990,324 barrels. The production since then is shown below, and we have computed the percentage of gain in each year over the preceding year in order to develop whether any uniformity in the rate of in- crease can be discerned: Pro- Annual Pro- Annual duction, increase, duction, increase, Years. barrels. percent. Years. barrels. per cent. 1896.... 1,543,023 56.0 1904... . 26,505,881 18.8 1897.... 2,677,775 73.5 1905....35,246,812 33.1 1898.... 3,692,284 37.9 1906... .46,463,424 31.6 1899.... 5,652,266 57.5 1907... .48,785,390 5.0 1900.... 8,482,020 50.2 1908....51,072,612 4.9 1901....12,711,225 50.0 1909... .64,991,431 27.1 1902....17,230,644 35.7 1910....75,699,485 16.5 1903....22,342,973 29.5 It is at once apparent that there has been a great decline in the rate of increase, comparing the early years in the table with the later years. This, however, was due to the special circumstance that Portland ce- ment did not have the field to itself in the early years. What is known as natural cement was produced in large quantities for a while, the maximum production being reached in 1899, when the output was almost 10,000,000 barrels, or considerably more than the out- put of Portland cement. In the early nineties the pro- duction of Portland cement was negligible, the produc- tion of natural cement being fairly large. From about 1895 to about 1902 Portland cement was engaged THE IRON AGE 3 largely in replacing natural cement, at the same time taking care of the increase in cement demand. The percentages from 1902 to date are therefore the only ones that need be considered, and here we see clearly a decline in the rate of increase, but even the most con- servative view of the table indicates that the rate of increase must be described as very rapid. We all re- gard the rule of increase in pig iron production, a doubling every ten years, as showing a very rapid rate, yet that rate is maintained by each year’s output being 7.2 per cent., not Io per cent., in excess of that of the previous year. An increase of 7.2 pér cent, would look small in the foregoing table, for the years 1907 and 1908 showed relatively insignificant gains, yet those gains were 5 per cent. The evidence of the table is that the rate of increase in the next few years is not likely to be less than from Io to 15 per cent. per year, which annual rates of increase are equivalent to a doubling of production in from five to seven years. A few years ago fears were entertained that the rapidly increasing use of concrete would seriously cut into the demand for steel. As for the increased use of cement having measurable effect on the steel industry as a whole, those fears were entirely unfounded. Take the year 1907, for instance. Its production of 48,- 785,390 barrels was equivalent to about 8,300,000 gross tons, which, with the most common proportions of sand and stone in structural work, would involve a total weight of concrete of perhaps 50,000,000 tons, only double the total production of pig iron in 1907, whereas it was clear that a great deal of concrete is not a remote competitor of steel. The remainder in 1907 was not an impressive tonnage proposition. Experience of late has shown that the influence of concrete is to increase rather than decrease the con- sumption of iron and steel, for the reason that the availability of concrete at low cost tends to increase industrial activity along a number of lines, whereby reinforcing bars, sheet piling and various other forms of steel are in greater demand. Even last year’s output of cement, 76,699,485 barrels, weighed only 12,800,000 gross tons, equal to the production of perhaps 75,000,-" ooo tons of concrete, while pig iron production in the year was 27,300,000 tons. The proportion of cement to pig iron bids fair to increase year by year, but the growing use of cement will increase rather than de- crease the use of iron and steel. OO The Human Obstacle to Evolution Since time was human frailty typified by selfishness has been a stone in the path of human progress. Opposition has sometimes been excusable. It was not to be expected that the gas works laborers of England could be made to foresee what the introduction of the electric light was going to do for mankind in general and even for them in particular. It was not to be ex: pected that they could imagine the tremendous growth of the artificial illuminating gas business itself. It is charitable to acknowledge that he whose immediate well-being is threatened by the introduction of labor- saving machinery has justification for a pugnacious attitude in view of his limited horizon. But when selfishness arises among those in places of large re- sponsibility and presumably in a position to apprehend large movements, palliation for their economic crime is hard to grant. This slavery to alleged fear of the other man’s advantage once he knows our secret may long be with us, but as Kipling says: “They copied all they could follow, but they couldn’t copy my mind.” This recurrence to an oft expressed theme is im- pelled by two notable presidential addresses, one by Henry Souther before the Society of Automobile En- gineers, and the other by Dr. Henry M. Howe before the American Society for Testing Materials. Mr. Souther emphasized truly that only those standards can survive which are believed in. He agrees that it is not fair and indeed is rarely necessary to ask that all trade secrets be laid bare, but that sufficient knowl- edge may be imparted to allow for intelligent procedure —that all personal feeling and trade jealousy should be laid aside for the benefit of all concerned. true Then friction. Dr. Howe delivered an address of considerable length offer- ing an outline of the nigh plane of operation which his society must follow to accomplish its own desires He of men as a class progress will proceed with less and prove of maximum usefulness to mankind. dwelt at length on the unwillingness to adopt any new thing, each feari foreseen result of the change may g that some un- work him harm. One who really believes in himself and his goods, he emphasized, should welcome standards as a measure by which their superiority may be the more readily verified. “He is not really the one to dread the letting in of light, and the education of the public.” The trend of the century, Dr. Howe adds, is away from the old piratical idea that the buyer is the seller’s reason- able prey to the new idea that he is the seller’s em- ployer, but, to get a full measure of the responsibilities and duties which the manufacturer owes to the public, one ought really get a full copy of the address, which may shortly be obtainable in printed form from the society, Prof. Edgar Marburg, University of Pennsyl- vania, secretary. This has accomplished its mission if it has excited a desire to peruse Dr. Howe’s study of the economic side of engineering progress. ——_--@—___ Wholesale Indictments of Business Men The sensation of the week was the announcement, June 29, that nine indictments had been found by a federal grand jury in New York City against officers of a large number of corporations and members of firms who are charged with participating in pools formed in June, 1908, and continued until November 1, 1909. Each pool formed the basis of an indictment, and the total number of indi- viduals named in the indictment is 83. The pools or asso- ciations against which the proceedings are directed com- prise the Horseshoe Manufacturers’ Association, Bare Copper Wire Association, Rubber Covered Wire Associa- tion, Underground Power and Cable Association, Tele- phone Cable Association, Wire Rope Manufacturers’ As- sociation, Weatherproof and Magnet Wire Association, Lead Encased Cable Association and Fine Wire Magnet Association. In addition to the officers of manufacturing companies and members of firms, the supervisor of the several pools, Edwin E. Jackson, Jr., New York City, has also been indicted. The indictments set forth various meetings of the pool members in 1908, 1909 and 1910 as overt acts in the alleged conspiracy. Among the persons indicted are officers and sales agents of the American Steel & Wire Company, subsidiary of the United States Steel Corporation and officers of other companies as follows: Old Dominion Iron & Nail Works Company, Bryden Horseshoe Company, Phcenix Horse- shoe Company, Rhode Island Perkins Horseshoe Company, American Electrical Works, Ansonia Brass & Copper Com- pany, Benedict & Burnham Mfg. Company, Coe Brass Mfg. Company, National Conduit & Cable Company, John A. Roebling’s Sons Company, Standard Underground Cable Company, Crescent Belting & Packing Company, Habir- shaw Wire Company, Hazard Mfg. Company, Phillips In- sulated Wire Company, Broderick & Bascom Rope Com- pany, A. Leschen & Sons Rope Company, Trenton Iron Company, etc. A peculiarity of the indictments is that the corporations THE IRON AGE July 6, 1911 and firms interested have not been proceeded against, but the individuals who apparently have at one time or another represented them in the various pools. These pools or asso- ciations, it is alleged, did not proceed by verbal agreements but reduced to writing the rules which should govern them. It is charged that the regulation of prices and out- put was the purpose of the several associations. An in- timation is further given through Washington news bu- reaus that the activities of the Department of Justice will not end with the evidence placed before the New York federal grand jury, but an effort will be made to ascer- tain if any officials of the United States Steel Corporation had guilty knowledge of any of the pooling agreements. It is a most serious matter that so many individuals of great prominence in manufacturing and business circles, men of unquestioned high character and personal integrity, should have their reputations blemished by indictments. It is of course a long step from an indictment to a con- viction. The Bache Review caustically characterizes these indictments as “merely a border skirmish in the contest which is being carried on against business by politics.” United States Cast Iron Pipe & Foundry Company United States Cast Iron Pipe the year ending May 31, the in- In the report of the & Foundry Company, for come account is given as follows: 1911 1910 Gross income from operations.............e.ee8. $536,711 $636,711 COE GROUND so v.cc crccdccvecsvocovessicessness> 93,798 66,580 NS Ns i'n hb CARS 2 So da etbons¥a sews an $630,509 $703,291 Samer am. ie I.) POI s «6s 01006 040 0.008500 838¢ 90,000 90,000 et” COSOINRE cs icc cuaecces #0 seeebes” 5ebsete $540,509 $613,292 Reserve for improvements.........scccesesecess 44,140 54,900 Reserve for doubtful accounts...........e--e0-. 12,000 12,000 Oe ERT ere er Te TEP PORER TCT Tie $484,369 $546,392 Amount transferred from reserve for additional _ WEE, UNONEEOL Nad sUAsebeeestmtukea ence iS <6 8 250,000 200,000 PRISE MIE sock ony cnc vc cs cane seseanvicns 35,511 164,120 OR Sg os cckencin sd oebaseeacuns sen $769,880 $910,511 PRT POAT IE 6 4 is 6 0505 sh5 canes nsesstneves 625,000 875,000 Pe PEE ccs nb ess vache rhea tees bodes $144,880 $35,511 The balance of $484,369 above given is equal to 3.38 per cent. on the $12,500,000 preferred stock as against 4.37 per cent. earned on the same stock last year. The gen- eral balance sheet, with a comparison with I910, is as follows: ASSETS. 1911 1910 Ce ae Ne oan bua copes’ < cae sawe $24,084,986 $24,106,731 Treasury stock at coSt.........sccsesseoes 347,555 347,555 Bonds, American Pipe & Foundry Company 611,913 611,543 Raw and manufactured materials.......... 2,599,992 2,730,633 Accounts and bills receivable.............. 3,020,324 3,349,557 eee kale anh ok ed wc ke hee Ra 382,790 363,109 MAL Se ceB Vives 4600 ¥ 0005 vnsiond 2aean oe $31,047,559 $31,509,128 LIABILITIES. re. “WOU: ok Sa se Nek deiss shen eude ste $12,500,000 $12,500,000 CO MMos hands ded Oe os ake beanies 12,500,000 12,500,000 Bo Ye Se eer Pee eer 1,500,000 1,500,000 nn OOO. socks ky ods o's 00be's eae ieteta:.. .athesamien Accounts and bills payable...............-. 2,469,402 2,794,257 Reserve for additional working capital..... 1,800,000 2,050,000 Reserve for insurance fund.............+..- 100,000 100,000 Reserve for doubtful accounts............ 33,276 29,360 SULPIMB oo cccccccccciecsccensevsvcccoeses 144,881 35,511 PME: sé ncy dich basses seiwiens cack sanean $31,047,559 $31,509,128 At the annual meeting of the company, Colgate Hoyt, Jr., was elected a director to succeed David Giles, de- ceased. ee Lewis Foundry & Machine Company Contracts.— The Lewis Foundry & Machine Company, Groveton, Pa., near Pittsburgh, has recently made shipments as follows: Pacific Coast Steel Company, San Francisco, Cal., one No. 2 roll lathe; Sweet Steel Company, Williamsport, Pa., one g-in. mill with five stands, one No. 1 roll lathe, one 14-in. train with seven stands of rolls and two stands of pinions, and has contracts from the same company for two mill tables and drives and three cropping shears. Among other contracts under way is one from the Whitaker-Gless- ner Company, Wheeling, W. Va., for six 24-in. cold mills and gear drive and another from the Reeves Mfg. Com- pany, Canal Dover, Ohio, for seven of finishing mills, three stands of cold mills, 56-in. squaring shear, roll lathe, 26-in. squaring shear, 48-in. steam doubler, four 36-in. doubling shears, etc. Operations in full over the next three months are insured, while the company is also figuring on consider- able other work. July 6, 1911 Foos Kerosene Engine Economy.—In an article now in preparation the Foos Gas Engine Company, Springfield, Ohio, will give data collected from actual power-plant ex- perience with its engines operating on petroleum and dis- tillates, showing remarkable reliability and economy. Com- parison is made between the Foos engine using kerosene at 5 cents a gallon and a gasoline engine using 12 cent fuel. A 10-hour day with a 25 hp. oil engine at full load shows a fuel cost of but $1.55. A gasoline engine under the most favorable conditions, it is stated, would use 31% gal. of fuel, which, at 12 cents, would cost $3.75. A total saving for 300 working days would thus give the oil engine a lead of $660 a year. As a matter of fact, the advantage in favor of the oil engine is shown to be even greater. Kerosene can be bought as low as 4 cents and in many fields oils are available at 2% cents. ee The Ward Nail Company.—It is the intention of the Ward Nail Company, which recently started its new plant at Struthers, Ohio, to limit its production for the present to large head roofing nails, and for a time its capacity will not be over 10 tons per day. The initial equipment will be five of the Ward pneumatic nail machines. In this type of machine compressed air is used for driving, and it promises to give very successful results. It is stated that all kinds of wire nails can be made on a Ward machine at a very high rate of speed, and large head nails can also be made successfully and quickly, while with the ordinary types of nail machines more or less trouble has been encountered in making large head nails. The Linde Air Products Company, Buffalo, N. Y., has shipped a complete oxy-acetylene cutting plant, arranged for six operators, to the War Department for use in con- junction with the salvage of the Maine in Havana harbor. Much of the work involved is the cutting of 9-in. armor plate, in addition to the usual structural shapes. It is inter- esting to note that similar apparatus to this was used with signal success in connection with the removal of the debris of the Quebec bridge. ee The Youngstown Vindicator, Youngstown, Ohio, pub- lishes a special issue which contains a large number of exceedingly interesting articles relating to the great im- portance of the industries of that city. It gives a list of 735 separate and distinct articles which are made there by 92 incorporated companies and individual manufacturers, of which 28 are directly concerned in the iron and steel industry. Illustrated descriptions are presented of several of the most important manufacturing plants. Among the leading articles is one on the prevention of accidents in the large mills, showing the extent to which Youngstown manu- facturers are adopting appliances for safeguarding their workmen. Additions which are now being made to the city’s manufacturing industries are described, and its con- tinued growth in manufacturing importance and popula- tion is confidently predicted. 0 Cambria Wire & Nail Catalogue—The Cambria Steel Company, Johnstown, Pa., has just issued its new I91I wire and nail catalogue. The publication is 3% x 6% in., 44 pages, with tables and illustrations covering fence wire, coil spring steel wire, Cambria barb wire, Cambria fence staples, bale ties, common nails, common and flooring brads, fin:shing and casing nails, smooth and barbed box nails, etc. A copy may be had by addressing the Wire Sales Department. The new lake freighter, the Col. J. M. Schoonmaker, the largest vessel on the lakes and said to be the largest bulk freighter in the world, was launched at the Ecorse yards of the Great Lakes Engineering Works July 1. This boat is one of two of similar size being built for the William P. Snyder interests of Pittsburgh. It is 617 ft. long, 64-ft. beam, and will have an ore-carrying capacity of 14,000 tons. The boat is named in honor of the vice-president of the Pittsburgh & Lake Erie Railroad. The Tennessee Coal, Iron & Railroad Company has placed an order with the General Electric Company for four 18-ton a.c. locomotives. These will be 220-volt, three- phase, 25-cycle locomotives, and their service will consist chiefly of switching and placing cars in and about the com- pany’s plants at Ensley and Corey, Ala. THE IRON AGE 5 The American Car & Foundry Company’s Year The annual report of the American Car & Foundry Company for the fiscal year ended April 30, shows net earnings of $6,240,324, an increase of $515,226. After al- lowing for the preferred dividend the company had a bal- ance of $2,134,780, equal to 7.01 per cent. on the $30,000,- 000 common stock, as against 6.63 per cent. earned on the same stock last year. The income account of the year, compared with 1910, is as follows: Z , 1911 1910 EOE OI sa ca deeds caccatp chevurewnce $6,240,324 $5,725,098 Renewals, replacements, repairs, etc........ 2,005,536 1,635,620 Balance available for dividends........... $4,234,789. $4,089,478 be ears rr 2,100,000 2,100,000 Eo he Ha vadin as cach anhen tanh at anieneed $2,134,789 $1,989,478 Comsat Giwsdet eau 6c cide Sai koe delevccix 600,000 600,000 SE ONTO oe Set ee Ree a $1,534,789 $1,389,478 Maintenance and improvements............. 750,000 cc cscess Ns daw ak HO Reade ala ees kode ta ae anne $784,789 $1,389,478 PUR WOTONOR. 5 kc. tcc tersicked cedisncven 23,952,556 22,563,078 Pe Oe ee CONMIIS ion 660s wad Ce ees boon cane $24,737,345 $23,952,556 The general balance sheet as of April 30, 1911, com- pares with 1910 as follows: ASSETS. 1911 1910 PEE ee ee tee ere $66,432,532 $66,182,522 Stocks, bonds other companies............ 1,098,785 701,869 MEONENS OR WOE: 6 6c iv 6.004 6d Vet ceedeads 9,103,577 18,763,233 Accounts and notes receivable............ 9,122,032 12,278,782 RN Vavka-s0t Cates See cumeweh Us ies ete Onaw s 6,485,429 2,941,561 3ank certificates on deposit.............6. 1,000,000 = ceccccee RNA 55.54. dd x aed hn + ae aree $93,242,357 $100,867,967 LIABILITIES. Pepntesd: Mae is iinekvnedacsAvaweisad $30,000,000 $30,000,000 eee ee Ee Py ree 30,000,000 30,000,000 Audited vouchers and payroll............- 3,923,611 12,050,224 Dine CRO. Soin in vatba vie hechikes 1,000,000 1,000,000 Reserve for improvements, maintenance, etc. 1,028,606 628,167 Reserve for payment Wilmington plant..... ...... 500,000 Reserve for steel car plant.........esse0- 1,277,795 1,462,021 SS SCONES, . ca ckbnnuedae cE ene veress 24,737,345 23,952,556 Dividends payable Fulyeeesiiccecccccovstoe 675,000 675,000 Meserwe Sor COMO 6 nc oi ws cists ctwawees 600,000 600,000 DOS asin ceases ceee vena taviiwoetes $93,242,357 $100,867,967 President Eaton reviewed the condition of the com- pany’s affairs, in part as follows: “Your company be- gins the fiscal year I91I-1912 with fewer cars on its books than it had at the beginning of the year 1910-1911. At the close of the fiscal year the railroads were not in the mar- ket for the purchase of new equipment in any considerable quantity. It is not to be assumed that this condition will continue without change. “During the past year an additional shop at St. Charles has been finished and our all-steel passenger car plant at St. Charles is now practically complete. For this work and for additions to our plants at Berwick, Detroit, Chi- cago and Milton there was expended of our reserve for construction of and additions to steel car plants the sum of $434,225. “During the year $500,000, representing the price agreed to be paid for the purchase of the real estate and buildings at Wilmington, has been expended for that purpose, and your company now owns that property in fee and free of all encumbrances. As an incident of this purchase your company acquired the entire outstanding capital stock of the Jackson & Sharp Company, the former owner of the Wilmington plant. “A great deal of attention has been given to the building up of the export business. Due to various causes this field is one difficult of entry, but the company has had a fair measure of success in it in the past which, with proper effort, may be continued in the future. Several contracts for passenger cars for export were eniered during the year, shipments under which have been com- menced.” —____~-»—___. The McInnes-McCleary Foundry Company, composed of Colin McInnes and J. P. McCleary, succeeds the Wells- burg Foundry & Machine Company, Wellsburg, W. Va., making a specialty of glass house furnaces, lehrs, vanadium mold castings, etc. Solomon Brothers, Knox street, North Side, Pittsburgh, dealers in iron and steel products, scrap, etc., recently pur- chased the equipment in the plants of the Crystal Glass Company, Bridgeport, Ohio, and Riverside Glass Works, Wellsburg, W. Va., and are dismantling the plants and selling the machinery. ' | | lu THE IRON AGE July 6, 1911 * ® Daily Rate of Pig Iron Production by Months—Gross Tons June Pig Iron Production Steel works. Merchant. Total. RS PI nic So ard <a ah 0 51,637 23,879 75,516 4 T D U d M O ME ct tnt axcaeatat Sieab been 47,183 22,122 69,305 I Saws cus» Gas ue Oe acer ae 46,534 21,429 67,963 Falls 149 ons a ay Under ay utput NNN aera) oe hy ahr 47,007 21,536 68,542 —_—— SD Aa og ex dle boas Zahn sk 45,794 21,726 67,520 ° ee COPE OO RE CE 41,427 22,232 63,659 The Decline Confined to Merchant Furnaces pecember 00 35,909 21440 57,349 ny, SEe ge Gibb cadsaoen 36,401 20,351 56,752 Fe age cies Cokewacawan 42,349 21,741 64,090 June, a 30-day month, shows an output of 1,787,566 ook” Pot cen tush ieee seta 48,970 21,066 70,036 . : a. : cal MT Aso evs pbacake ease 47,305 21,031 68,836 gross tons of coke and anthracite pig iron in the United ee ee 42,270 18°809 61.079 States, against 1,893,456 tons in the 31 days of May. June (2.20... lol: 42,708 16,877 59,585 The falling off was 105,890 tons, as compared with a decline in production of 171,630 tons in May. The daily output in June was 59,585 tons, which is 1494 tons under the daily rate of production in May. This is the lowest rate of any month of this year since January, when the daily output was 56,752 tons. Capacity in Blast July 1 and June 1 The following table shows the daily capacity of fur- naces in blast July 1 and June 1: oe : ; ° Coke and Anthracite Furnaces in Blast. It is interesting to note that the decline in the June 7 Total Sale 3 ar ie c f . ‘7 2 . ‘ output was confined to the merchant furnaces. The tur- Location number Number Capacity Number Capacity naces connected with steel plants maintained a daily rate oe eee of stacks. in blast. per day. in blast. per day. of production of 42,708 tons, against 42,270 tons in May. — Buffalo " aw ogetttts 17 12 4,056 12 4,049 : ; 1@. ther New ita s sso 7 3 495 1 164 These figures substantiate the reports of ordi icp ele inane 7 183 : 183 ment in the steel trade in June. The July pig iron fig- eo ee sos 2 wee B han - . ; . ~ Pennsylvania: ures will doubtless show this tendency more strongly. (Og: - + 1.976 3 2,497 The collection of the June figures enables an estimate BASF 5. dea 'o ns 3 2 145 1 75 : : : ; Schuylkill Valley .... 16 6 1,468 6 1,429 to be made of the total production of pig iron in the ar ent": S : si : ate first six months of 1911. Our figures by months show Lebanon Valley ...... 10 5 780 5 831 . Htte - ; ; Si S 5 7 an aggregate of 11,470,054 tons of coke and anthracite “ie ee...» 9 35 i 7 ie pig iron, to which an estimated production of 160,000 tons Shenango Valley .... 20 7 2,368 8 2,618 of charcoal pig iron is to be added, making a total of io Penn. ........ - 8 oa ; a 11,630,054 tons, against 12,319,807 tons produced in the Wheeling district 22:22: 14 9 3,120 10 3,547 > ic § istics f Ohio: last half of I910, according to the authentic statistics 0 cities tia a 7 6.615 15 5,685 the American Iron and Steel Association. This would Central and North.... 22 9 3,350 13 4,932 i j is ve a |i Hocking Val., Hanging make the falling off in the first half of this year a little Nock and $.W One 15 3 407 P 865 over 5 per cent., as compared with the last half of last f[linois and Indiana.... 34 22 8,735 20 7,935 year. ; Mich., Wis. and Minn.. 10 4 752 5 1,029 9s Colo., Mo. and Wash.... 7 4 1,117 4 1,102 . . The South: Daily Rate of Production VIGROER .ccsscccccsee 28 5 650 6 745 . 2 : MOMIUERY occesesceees > 2 245 1 81 The daily rate of production of coke and anthracite es sane 16 4,148 17 4,335 pig iron by months, beginning with June, 1910, is as fol- Tenn. and Georgia... 20 8 825 8 831 lows : Total......... 416 197 59,979 203 61,844 9 o zz z ez 5 1908 1909 1910 1911 i233 Sa 8 w > > OP Ze ak Z = 3 2% 8k 27 9 90 27 88 88 % 86 ss 84 “ 2% 82 +82 26 2 80 “4 7 78 24 76 76 2 74 74 23 72 72 68 68 21 66 66 21 oe 64 2 62 62 W 60 60 19 58 58 19 66 66 18. &4 4 18 52 52 17 560 50 17 48 48 6 46 4% 16 “4 44 15 42 42 15 40 40 14 88}- 88 4 6 36 18 34 84 18 82}— 82 12 30 30 12 Diagram of Daily Average Production by Months of Coke and Anthracite Pig Iron in the United States from January 1, 1907, to July ‘1, 1911; Also of Monthly Average Prices of Southern No. 2 Foundry Iron at Cincinnati and Local No. 2 Foundry Iron at Chicago District Furnace. July 6, 1911 Chart of Pig Iron Production and Prices The fluctuations in pig iron production from January, 1907, to the present time are shown in the accompanying chart. The figures represented by the heavy line are those of daily average production, by months, of coke and anth- racite iron. The two other curves on the chart represent monthly average prices of Southern No. 2 foundry pig iron at Cincinnati and of local No. 2 foundry iron at furnace at Chicago. They are based on the weekly market The two sets of figures are quotations of The Jron Age. as follows: Daily Average Production of Coke and Anthracite Pig Iron in the United States by Months Since January 1, 1907—Gross Tons. 1907. 1908. 1909. 1910. 1911. TOES sng vn neatauadeeuet 71,149 33,718 57,975 84,148 56,752 ee sc viv eahecieekeren 73,038 37,163 60,976 85,616 64,090 MERION “Sskiseescnwepereccn 71,821 39,619 59,232 84,459 70,036 73,885 38,289 57,962 82,792 68,836 74,048 37,603 60,753 77,102 61,079 74,486 36,444 64,656 75,516 59,585 July 72,463 39,267 67,793 69,805 = ..cc- NE. GhO Wise 0 ieee Sea CRS 72,594 43,851 72,546 67,963 ..... ONNNRS sa vib sc cvkesd¥aeaae 72,783 47,300 79,507 68,476 ..... CWOREE® awiveeseabasccuach ae 75,386 50,554 83,856 67,520 ..... PN 54 oi 00a os0 SeReS 60,937 52,595 84,917 63,659 ..... ORONO) vawhGcdsn end en ewan 39,815 56,558 85,022 57,349 ..2.+ Monthly Average Prices in Dollars of Southern No. 2 Foundry Iron at Cincinnati and Local No. 2 Foundry at Chicago Dis- trict Furnace Since January, 1907. 1907. 1908. 1909. 1910. 1911. Sou. Loc. Sou. Loc. Sou. Loc. Sou. Loc. Sou. Loc. No, 2, No. 2, No. 2, No.2, No.2, No.2, No.2, No.2, No. 2, No. 2, Cin, Gh. Cin. Ohi. Coe. Ge Cin, Ct. Cie Coe Jan. 26.00 25.50 16.15 18.10 16.26 17.00 17.25 18.50 14.25 15.00 Feb. 26.00 25.59 15.75 17.81 16.13 16.40 17.06 18.50 14.25 15.00 Mar. 26.00 25.75 15.50 17.50 15.05 16.15 16.30 17.80 14.25 15.00 Apr. 25.06 26.00 15.20 17.38 14.25 16.15 15.37 17.00 14.25 15.00 in 24.25 26.50 14.75 17.28 14.50 16.15 15.00 16.56 14.00 15.00 June 24.10 26.25 15.25 17.38 14.70 16.15 14.85 16.25 13.50 15.00 July 23.85 25.26 15.00 17.20 15.75 16.65 14.75 16.06 ..... «+... Aug. 23.00 24.50 15.25 17.00 16.38 16.78 14.31 16.00 Sept. 21.59 23.75 15.65 16.70 17.35 18.35 14.25 Oct. 20.95 22.10 15.75 16.50 17.88 18.50 14.25 Now. 19.50 20.31 16.00 16.75 17.75 18.50 14.25 Dec 17.00 18.55 16.25 17.00 17.45 18.50 14.25 The Record of Production Production of Coke and Anthracite Pig Iron in the United States by Month Since January 1, 1907. Gross Tons. 1907 1908 1909 1910 1911 Tan. .......-..-2,205,607 1,045,250 1,797,560 2,608,605. 1,759,326 Feb. ..........2,045,068 -1,077,740 1,707,340 2,397,254 1,794,509 Mar. .........2,226,457 1,228,204 1,832,194 2,617,949 2,171,111 ee 2,216,558 1,149,602 1,738,877 2,483,763 2,064,086 May eevee 2,295,505 1,165,688 1,883,330 2,390,180 1,893,456 June .........2,234,575 1,092,131 1,930,866 2,265,478 1,787,566 Faly 6c ccsas 0Bs055000. 1,218,198 2,103,481 2166448 ..ccccse Aug 2,250,410 1,359,831 2,248,930 2,106,847 ........ Sept. .........2,183,487 1,418,998 2,385,206 2,056,275 ........ Oct. .cccccceecdy386,972 1,567,198 2,599,541 2,095,121 cece. NOR ‘stawush ne’ 1,828,125 1,577,854 2,547,508 1,909,780 ........ POG, cue geanee 1,234,279 1,740,912 2,635,680 1,777,817 ........ June Output by Districts The table below gives the production of all coke and anthracite furnaces in June and the four months pre- ceding: Monthly Pig Iron Production—Gross Tons February. March. days May. June. (28 days) (31 days) a ys) (31 days) (30 days) OW TON kissecas 131,238 157,624 674 130,927 130,395 New Jersey ....... 6,006 5,869 atte 9°788 3,600 Lehigh Valley . 56,367 69,263 78,182 79,731 72,787 Schuylkill Valley 57,321 67,634 55,305 46,827 44,039 Lower Susquehanna and Lebanon Val.. 42,729 46,980 44,537 44,179 41,754 Pittsburgh district... 424,517 531,521 488,447 422,000 415,519 Shenango Valley ... 86,908 109,799 109,239 88,170 78,196 West, Peis .sccecs 96,616 120,464 100,593 61,892 55,047 Maryland, Virginia and Kentucky.... 57,759 61,628 60,978 53,271 48,969 Wheeling district... 95,571 135,775 119,489 115,213 93,617 Mahoning Valley... 201,624 203,006 189,822 187,748 190,187 Central und North. CHUM acccedesuncs 144,806 170,914 161,742 152,909 141,973 Hocking Valley, Hanging Rock and mW, GIO doa eme 32,396 35,173 27,084 27,185 20,245 Mich., Minn., Mo., Wis., Col., ’Wash. 61,406 69,741 76,379 71,938 54,391 Chicago district . 155,498 213,638 236,550 238,424 249,666 AI as ck aa 118.594 143,751 149,737. 134,386 122,015 Tenn:, Georgia and TOM ccas c-t05a. Goenee 28,331 22,178 28,868 27,169 1, 794,509 2,171,111 2,065,086 1,893,456 1,787,566 The furnaces blown out in June or on July 1 included Carbon and one Bethlehem in the Lehigh Valley; one Steelton in the Lower Susquehanna district; Clinton and one Monongahela in the Pittsburgh district; one She- nango in the Shenango Valley; Rebecca and Perry in western Pennsylvania; Mattie in the Mahoning Valley; Emma, Upson and one Lorain in northern Ohio; one La Belle in the Wheeling district; Globe, Milton and the second Columbus in central Ohio; Belfont and Marting (banked) in southern Ohio; Citico in Tennessee; one Sloss’ in Alabama; and one Zug Island at Detroit, Mich. Among the furnaces blown in in June were Standish THE IRON AGE 7 and Genesee in New York; one Palmerton (spiegel) the Lehigh Valley; one Steelton in the Lower Susque- hanna district; one Cambria in western Pennsylvania; one Lucy (spiegel) at Pittsburgh; West End in Virginia; one Republic, one Ohio and one Youngstown in the Ma- honing Valley; Norton in Kentucky, and two Illinois at South Chicago. Production of Steel Companies Returns from all plants of the United States Steel Corporation and the various independent steel companies show the following totals of product month by month. Only steel making iron is included in these’ figures, to- gether with ferromanganese, spiegeleisen and ferrosilicon. These last, while stated separately, are also included in the columns of “total production” Production of Steel Companies—Gross Tons. Spiegeleisen and -——Pig.—Total production.— , ferromanganese. 1909. 1910. 1911, 1910. 1911. 8 ocacees 1,117,823 1,773,201 1,128,448 19,538 8,360 POMS” is occacuces 1,073,363 1,620,539 1,185,782 21,396 12,821 MRE. ccd ba ven-o eee 1,140,553 1,739,212 1,518,063 25,591 11,784 DOT ake euaeomabee 1,093,092 1,669,898 1,434,142 22,304 10,657 NT a0 Seared ances 1,256,448 1,619,283 1,310,378 26,529 13,641 ecard kee tae eae 1,365,527 1,549,112 1,281,241 27,680 22; 611 July sete eee eve eens 1,508,762 1,462,689 ....ecee 2,984 cecce August ...ceeceeees 1,591,991* 1442572 cw ccccves BeteO stvee ae 1, OGO,BSS, 2,49GeEE ccccecra ee | ea 1,769,094 1,419,624 ........ eee eves November ......... LOSo eee Reet | to vecece a -.259 a ee reer eee re LJOR see shRISITTSE .cccccce RRaee seven Obituary Howarp Woop, president of the Alan Wood Iron & Steel Company, Philadelphia, Pa., died in the Bryn Mawr Hospital July 1, aged 66 years, following an operation. He had been in poor health for several months. He was connected with the company, which was founded by Alan Wood, Sr., from his boyhood. For a number of years he was manager of the Conshohocken Mills, and in 1886, when the company was incorporated, he was: made its president. He was also interested in financial and other commercial concerns. He graduated from the University of Pennsylvania in 1864, and was a member of the Union League, Art and University clubs. He leaves three daughters and four sons. Aucustus Wricut Morr, second vice-president of the J. L. Mott Iron Works, New York, died July 2, aged 50 years. He was the son of Jordan Lawrence Mott, president of the company which bears his name. The deceased was president of the Mott Haven Company, and was a member of the New York Athletic Club and the Larchmont Yacht Club Henry Puivip Fietp, former secretary and treasurer of the Celfor Tool Company, Chicago, died June 25 at the house of his son, William A. Field, general superintendent of the South Works, Illinois Steel Company. 2 The Standard Steel Company, Bedford, Offio, has in- creased its capitalization from $40,000 to $100,000 to pro- vide funds to increase its equipment and to increase its output of blue and polished sheets. Effective July 1, the new flat rate on coke from the Up- per and Lower Connellsville regions and from West Vir- ginia to Chicago will be $2.50 per ton instead of $2.35 per ton for furnace coke and $2.65 per ton on foundry coke. The flat rate to Toledo will be $1.95 per ton, instead of $1.85 per ton on furnace coke and $2.25 per ton on com- mercial coke. The flat rate to Detroit will be $2.10 per ton, instead of $2 per