The Iron Age 1911-08-31: Vol 88 Iss 9

_ THE IRON. AGE New ‘York, ee 31, 1911 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. Pri Unhed States and Masign, 92.00 vet Assam s to Canada, $7. Soo Other Foreign Annum. Unless receipt is requested, none will be sent. date on the wrapper of your paper. Credit f for cw bog Ore shown by extending the W. H. Taylor, - - President and Treasurer LA. Mekeel, - - - First Vice-President Harold S. Buttenheim, - +All Vice-President and Secretary Ein M. C. Robbins, “ Manager Charles S. Baur, - Assistant Manager Geo. W. Cope, A. L Findley, W. W. Macon, Branch Offices Philadelphia, Real Estate Trust Building Chicago, Fisher Building Pittsburgh, Park Bulding Cleveland, American Trust Building Boston, Compton Building Cincinnati, 807 Andrews Building CONTENTS. Structural Steel Leading Germany’s Industrial Policy as a Model Cotton Planters Combine to Maintain Prices............0ee06+ 446 Labor and the Efficiency System Lake Shipbuilding at Low Ebb Correspondence The Hopkins & Allen Arms Company’s New Offficers......... 448 The Steel Corporation’s Current. Business Personal American Jron and Steel Institute Directory The Iron and Metal Markets Customs New Tools and Obituary Metal Corrosion in Gaseous. Atmosphere Lake Superior Mining Institute Chrome Steel Rails in Tunnels fhe National Bridge Company of Canada Two Thomas Meter Installations Motion Pictures for Selling Machinerv Railroad Equipment’, Orders, sooo: oithic + dh onesie cs padaes co0ee 464 Fire Protection in Factories. .............+++: ni aep chk ée'e Ga 465 Open Hearth Steel Furnaces in Great Britain Employees Demand Control of Harriman Lines Shops.......... 466 The Labor Union View of Lifting Magnets Judicial Decisions of Interest to Manufacturers Handling Freight with a Gantry Crane Ingersoll Cutter Grinder The Rockford Machine Tool Company’s. New Plant The Census Bureau’s Report on Iron and Steel American and Getman Steel Displaces Welsh Workers Welding and Cutting Machine * The New Sibley MotofDriven Drills Lathe Relieving Attachment New Queen City Punch New Cleveland Four-Piston Air Drills New Gould & Eberhardt Hobbing Attachment The Production of Graphite in 1910 American Rolline Mill Compariy.s..... 00. -..eesibe dee Wiese The Rolling. of Automobile Rims , Heavy 15-Inch Engine Lathe Avery Automatic Scale The United States Motor Company's Output..%..1)-. ba Make J Brown & Sharpe Castellating Attachiment,......, «; ta asdied dn >ineptte, 49M Electrolytic Generation of Oxygen and Hydrogen, . Lake Iron Ore Property Values Keep Up. The Krupp ‘Research’ atid Chemical Laboratories.....%. soared ci Notable Tunnel Ventilatinig Plant... .... 4... + dab © cahene vine 8: The M achinery Markets : Decisions VoL. 88: 88: No. Structural Steel Leading A New Tonnage Record for 1911 —_—_ Marked Activity of Steel Corporation Mills— Further Price Cutting More emphasis has been put this week on the con- tinued operation of Steel mills at a better rate than the average of its competitors’ plants. As has been previously pointed out, this is due in large part to the excellent export trade of the Corporation, Corporation but in some lines it appears to have been increasing in recent weeks its share of the domestic business. An official statement issued on Tuesday says that the Steel Corporation has received larger specifications for prompt shipment in August than in any previous month this year and intimates that unfilled orders for the month will show a “fair increase.” Structural steel shapes are easily the most active of finished products. The mills, however, get more satisfaction from the volume of business than from the prices which underlie recent large contracts for build+ ings and bridges. ‘It is estimated that, with the main- tenance of the present rate through the year, the 1911 total will exceed that of the record year 1906 in fa- bricated steel contracts by 10 to 15 per cent. In view of their very heavy bookings, leading fabricators are now naming figures more in line with a 1.35c, basis for shapes. At. Chicago the ordinance limiting the height of buildings goes into effect this week and this has has- tened the taking out of permits on-several large pro- jects. These, together with new office buildings now under construction, represent *a total value above $18,000,000, Further evidence of the strictness with which rail- roads are limiting expenditures has appeared this week in the frog and crossing and track supply trades, where specifications, conspicuously in the case of the Eastérn lines, have been cut sharply. Three rail sales are reported by Steel Corporation mills—4500 tons to the Chesapeake & Ohio, 9450 tons 'to the Illinois Cen- tral and 5goo tons to the Texas & Pacific. The Grand Trunk is in the market for 10,000 tons of rails which may go to a séaboard mill a§ they aré warited for de- livery in New England. Reports fronf the wire trade show that Adfgust ‘has been a. month of greater activity than has been indi- cated in market reviews of the’ past few weeks. M of the selling Has been done with a quietness bearing out reports of concessions by certain producers. On wire nails a $1.65.price per keg, representing a re- duction of $1 a ton, has been announced by one seller as applying to-prompt orders, but it only met quiet cutting already in progress. The Eastern plate trade is taking a keen interest in the four vessels which are to be built for the trade between the Atlantic and Pacific coasts. The plates will amount to 30,000 tons and the shapes to to,oap of 12,000'tons! | uot ’ <— 446 The lower prices lately reported in wrought pipe and tubes appear to be largely made by jobbers. The guarantee on prices recently made by certain mills extends to October 15 and applies to business closed after August 15. The competition on steel bars has been sharper in the Chicago district, and the Pittsburgh base has been quite generally disregarded. As low as 1.33c. delivered is reported, or the equivalent of 1.15c., Pittsburgh. In general 1.20c., Pittsburgh, is the basis in Central and Western districts and a good part of the bar sales in the East has been at 1.25c., Pittsburgh. In semi-finished steel there has been no important business, but the $21 Pittsburgh basis has been shaded and mills have absorbed a $1 extra in some cases. The situation in foundry pig iron for 1912 is de- veloping slowly. More consumers are testing the market, but furnaces are not meeting their views. Some sales have been made at current prices, for the remainder of the year, with the privilege of taking some of the iron in January and February. From Buffalo sales of several thousand tons have been made to Canadian foundries, American iron being preferred even at $1.50 to $2 a ton above the delivered price of the higher phosphorus Middlesbrough, England, grades. Southern iron has made a hard pace for Northern furnaces in central territory recently and has prevented the latter from establishing advances. The old material market is weaker, particularly in the East, where steel works, with two or three months’ stocks on hand, have reduced their bids by 50 cents. In the Chicago district much more railroad material is offered than the market can absorb. > Om Germany’s Industrial Policy as a Model A well-known New York financier who returned last week from Europe referred in an interview to the in- dustrial and commercial expansion of Germany. He spoke particularly of the evident satisfaction of Ger- man labor with existing conditions and of the steady increase in the country’s wealth and added: “In Ger- many the law and government favor the plan of indus- trial combinations. Trade and commerce are encour- aged and not harassed or stifled by vexatious govern- mental methods. I believe we can learn considerable from careful study of German economic methods and particularly from the manner in which Germany deals with labor problems.” If the iron and steel tradés of Germany are an index of what is going on in other industries in that country, it will not be long until the soundness of the expansion there will cause serious questioning. The government’s toleration if not actual encouragement of the pools in the steel industry which have controlled an important part of the production for a number of years has sometimes been referred to as an example for the United States. That the methods of the Ger- man Steel Works Union have encouraged the build- ing of plant beyond the requirements of the country and a normal export trade will hardly be questioned. In the past year attention has been called repeatedly to the new capacity in blast furnaces, steel works and rolling mills which is coming forward against the expiration of the present agreement among the manu- facturers next year. Some of these additions have been spoken of as the preparation of various members of the Steel Works THE IRON AGE August 31, 1911 Union to secure larger allotments in any agreement which may be made in 1912. This can only be a sec. ondary reason for the building of so great an of new plant. Undoubtedly the large firms whic) are competing in plant extension are counting on con- tinuance of the scale of increase in the consumption of German iron and steel products which has been g marked in the past five years, as indicated by a pro- duction of 10,875,000 metric tons of pig iron in 1905 and 14,227,000 tons in Ig10, with a rate so far this year of 15,400,000 tons. Apart from the special con- ditions governing the German iron and steel trade which make it possible to control the prices of most products at home and thus to make sharply competitive prices in outer markets, the expansion of the industry in Germany has shown a parallel to that in the United States. There has been unbounded confidence ap- parently in the indefinite continuance of the rate of increase shown in the curves of the statistical charts, It seems inevitable, therefore, that the German stee] manufacturers will yet find themselves in the condi- tion now so embarrassing here, with a capacity more than one-half greater than: home consumption plus exports. Just how far the measure of control of the steel market exerted in this country in the past few years has affected the building of new capacity it would be dif- ficult to say. It is certainly early to hold up the Ger- man .policy of encouraging control of an industry by the producer as an example for imitation. The full story of syndicate operations in the steel industry there has not yet been told. From present indications, however, data will soon be available that will put a less favorable aspect on this method of expansion. The preliminary fencing for position against the re- newal of the Stahlwerks Verband agreement in 1912 may show that the industry has even now gone past the danger line. Lmount a a Cotton Planters Combine to Maintain Prices It is not surprising that cotton planters are so worried by the rapid decline in the price of their product that they are combining to check the down- ward movement. They always have a hard fight with nature in endeavoring to raise a crop and deserve to secure good returns for their labor and the hazard of their capital. The individual planter has the sympathy of his fellow countrymen in his struggle for existence, and the nation itself is benefited when planters as 4 whole are prosperous and able to supply themselves and their families with not only comforts, but luxuries. The short crops of the last two years brought very good prices, and those who were not compelled to sell their product as soon as it was marketable enjoyed the satisfaction of making a good profit. But a great change has occurred this year. An unusually large cotton crop seems to be assured and this has adversely affected the price. At this time last year the price of cotton was about 16% cents per pound for spot and 13% to 14% cents for. futures, while the past week the price was 12% to 13 cents for spot and 11% to 11% cents for futures. The decline is so heavy that the planters are dismayed. They are convinced that stocks of cotton are so small everywhere that even if the United States does produce an exception ally large crop this year it will all be needed to ptt the world’s stocks in normal shape. It is therefore ‘ ! August 31, 1911 THE IRON quite natural that they should feel like taking con- certed measures for maintaining prices until the crop distributed. e remarkable feature of this movement to hold up cotton prices, however, is that it was not started by planters in private life, but by men of official promi- who have been active in working up public n in direct opposition to such a procedure. At the recent session of Congress much concern was ma iested with regard to the disposition of manufac- turers to maintain prices, either through some kind of an understanding with one another or because a high tarifl was presumed to enable them to do so. The impression was then sought to be made upon the pub- lic that this concern grew out of the deep sympathy felt for that rather indefinite but widely-known in- the consumer. We may be mistaken, but according to our recollection the ostensible aim of those in control of Congressional activity was to se- cure lower prices for every consumer. It seems to us that the purpose of the “farmers’ free list” was to make certain articles cheaper for the farmer and planter; the object of the wool bill was to give the consumer cheaper woolen goods; the point of the cot- on bill was to secure cheaper cotton goods for the consumer, and the object of numerous investigations vas to break up combinations of capital or amicable relations among manufacturers so that the consumer might secure cheaper manufactured products generally. It would therefore be presumed that those who were prominent in this Congressional activity would frown upon any movement that would prevent a commodity of such general consumption as cotton from becoming as cheap as nature and unrestrained trade conditions might permit. But the remarkable spectacle: is pre- sented of some of these Congressmen taking the lead in the movement to hold up the price of cotton. dividual, \nnouncement is made that in Washington, D. C., \ugust 23, the very next day after the adjourn- ment of Congress, the Representatives and Senators from seven cotton-growing States held a meeting and resolved to send out circulars urging all planters to hold their cotton for 13 cents a pound, and other cir- culars to Southern banking houses requesting that every possible aid be given to the planters to enable them to maintain this policy. Although cotton brokers assert that Southern planters themselves are selling ahead through cotton exchanges as a hedge, lest when their cotton is ready for shipment the price may be lower than can now be obtained on future contracts, yet the Congressmen who participated in this conference claim an open statement that an effort is being made, principally through the instrumentality of the specu- ‘ive element of the New York Cotton Exchange, to break down the price of cotton,” and this they now k to prevent. They even go so far as to ask the resident of the Farmers’ Union and officials of other ton planters’ organizations to get their local unions | other subordinate bodies to advise the growers generally to hold their cotton for 13 cents “and to con- ‘ue to demand that price until by a convention or rcement a different way shall be suggested.” it would seem almost incredible that men who had months been engaged in a campaign to upset in- tries and break down prices would be able to effect i a speedy change in their mental attitude. Even igh their personal fortunes may be threatened by fall in cotton, it would appear that respect for AGE 447 public opinion would prevent thenr from taking the lead in urging action which, although it may not be contrary to statute, is nevertheless in defiance of the spirit of the law which they have so zealously been endeavoring to have enforced against others. It sel- dom happens that persecutors have the tables turned so quickly upon themselves. Perhaps the unpleasant position in which the cotton-growing Congressmen now find themselves may modify their views with re- gard to other business interests when they again as- semble to make laws for the nation. They will un- questionably be on the defensive if their scheme to make cotton dear should prove successful. a Om Labor and the Efficiency System Molders employed at the United States Arsenal at Watertown, Mass., have gone on strike because of the presence in the foundry of efficiency experts. In explanation of their action one of the strikers is quoted as saying: “When a skilled mechanic of years’ ex- perience in the work in hand is stood over by a man who is incapable of performing the task himself, or even of intelligently directing a workman how to perform such a task, and is told by that man that he should have accomplished the task in less than half the time taken to do it, the limit of human endurance is reached.” Such an attitude toward improved methods of pro- duction is regrettable, not only on the part of the owner, in this case the Federal Government, but on the part of the workmen themselves. An engineer rarely is able to do the work of the men whom he directs in their efforts, but he understands better than most of them methods and conditions attending pro- duction. The efficiency expert is an engineer trained along special lines, in order that he may discover and apply means of shortening the time of producing given results, and at the same time of maintaining or improv- ing the quality. The men whose labors come under his eye are benefited if they have the ability and willing- ness to meet the new conditions. The incompetent may be put aside to make place for more able mate- rial. But the survivors, who in most works consti- tute the large majority of the force, become a more valuable unit industrially, and in the long run each will receive a larger return for his labor, provided, of course, he will continue to apply the knowledge gained from his contact with the efficiency engineer. Work- men will realize this better as time goes on. The workman quoted above omitted to say, and may not have known, that a chief use of the stopwatch is to inform the operator himself of the variations in his own speed. It has been shown that a workman in one case will take two or three times as long to perform one of the series of operations entering into the finishing of a piece, as he takes to perform the same operation on the succeeding piece. The stop- watch man, by comparing the sum of the minimum components with the average time required to do a piece, is often able to show the workman that on his own record he can turn out more work by studying to bring his average time for a piece closer to the sum of his minima. There may be unreasonable time rating, and often is, and it will not do to start out with any expectation that a workman can reduce his average on a series of operations to the sum of his minima; but the history of studies with the stopwatch a Ce re en en. eas Poin cae s 7 is that many workmen have beén surprised at what they have been shown of ‘their own capacity to in- crease output and have gladly made use of the infor- mation to add materially to their earnings. The details of the cause of the Watertown strike are not available, but it may be stated as a general proposition that the owner and _ his ethicency man should handle the application of the system with a‘i possible consideration for the men. It is difficult to imagine an industrial relationship in which more tact is necessary for the avoidance of misunderstanding ard friction. Criticism should be meted out quietly and only after mature decision. The co-operation of whe workman should be sought, and his suggestions should be given their full value and the credit should be frankly given him if his ideas are adopted. These factors seem self-evident; nevertheless in some cases they: are not given due prominence. papi niellipininiiastn Lake Shipbuilding at Low Ebb The outlook for the shipyards on the Great Lakes is far from bright. An officer of the leading ship- building company has been credited with the predic- tion that in the next 12 months not a new lake carrier will be built. It is to be doubted if any such state- ment was made, for the year has not been known, since lake traffic assumed important proportions, when no addition to the fleet was made. Moreover, it is the history of lake vessel building that when the outlook is darkest and the cost of new boats the lowest, capi- tal has been attracted to invest in floating property. At the same time the conditions in the lake freight market, which were acute in 1910, have been even more unpromising this year, and it must be admitted that the prospect that 1912 will be a year giving full employment to the ore fleet is far from good. Twenty bulk freighters were launched on the lakes in 1910, with a carrying capacity of 3,900,000 tons in a season. In the nine years ending with 1910 the vessels carrying coarse freight which were added to the fleet had a capacity for carrying over 41,000,000 tons of iron ore in a season. The boats built this year have probably added 500,000 tons to this total. Here is an addition to the ore fleet in ten years capable of bringing down all the ore shipped by water in 1909 and within 1,000,000 tons of the record water ship- ments of 1910. Vessel building, like blast furnace and steel works building, has been overdone and _ there must be a period of rest for the absorption of the surplus. At the same time it is té be remembered that pessimism is nowhere deeper dyed than in the lake trade, when conditions are forbidding, and that in 1904 and in the dark years following the panic of 1893 new work was placed just at the time when prophecies gave least room for hope. Today, with so much of the ore going to consumers whose carrying capacity is considerably short of their shipments, there should continue to be additions to the fleets of the steel com- panies. And this may be expected to go on even at the expense of the merchant vessel interests, just as the steel companies have increased their blast furnace capacity with the certainty that merchant furnaces which had been selling them iron would lose their market in large part, if not altogether. a The Des Moines Bridge & Iron Company, Pittsburgh, has received a contract for the building of a 160,000-gal. hemispherical bottom steel tank on a 150-ft. steel tower at Lakeland, Ky., where the State Insane Asylum is located. 448 THE IRON AGE August 31 IQIY Correspondence Mr. Thyssen’s Remarks at the Brussels Conference To the Editor: In Vol. 88, No. 5, of your pa; ; , er you give a report of the proceedings of the Mikiference, at Brussels. As far as my personal remarks are co) erned their meaning is not given quite clearly. Consequently | have the pleasure to repeat them to you more accurately, viz. : “I ask your kind permission to address a few remarks to you just to say a few words. of excuse for the bad behavior we showed, perhaps, in the past, when our com- petition, following the ideas of Judge Gary, was perhaps too sharp. (This remark is, of course, meant somewhat ironically.) In order to make this excuse more clear to you, I should like to compare the activity of each country with a boiler. Each line of public activity is represented by a pipe line. There are countries which have big col- onies ; there are countries which have free land to develop; and other countries, again, which have no colonies and no land to develop. It is natural that in the country having large colonies the pipe line which this line of activity runs through must be very big; and other countries which have no colonies and consequently not this pipe line must have a bigger pipe line, for instance, for their industrial activity in order to have an outlet for their surplus of steam. | think your committee should try to come to an arrange- ment so that there never should be any undue pressure in any boiler representing the activity of each nation. Then you will have a perfect result.” Fritz THyYSSEN. Gewerkschaft Deutscher Kaiser, Bruckhausen-Rhein, August 18, I9Q1T. es The Hopkins & Allen Arms Company’s New Officers The Hopkins & Allen Arms. Company, Norwich, Conn., effected its reorganization with the new owners August 22. President A. H. Brewer resigned as president and direc- tor, and Gardiner Hall, John Eccles, John C. Averill, E. E. Perry and Archibald Mitchell, directors, also resigned. New directors were chosen as follows: William A. Watts, New Haven; George E. Matthies, Seymour; M. C. Mason, Rockville; George E. Avis, New Haven; Charles E. Rob- erts, New Haven; Franklin S. Jerome, Norwich. Harris Briggs and Charles B. Lee, members of the old board, were continued. The following officers were elected by the directors: William A. Watts, president; George E. Matthies, vice- president; Charles B. Lee, secretary; M. C. Mason, treas- urer; George E. Avis, general manager. Mr. Watts 1s president and treasurer of the Bronson-Townsend Com- pany, wholesale hardware, New Haven; Mr. Matthies 15 assistant treasurer of the Seymour’ Mfg. Company and secretary and treasurer of the Seymour Trust Company ; Mr. Mason was purchasing agent of the Hockanum Mills Company, Rockville; Mr. Avis was for years connected with the Winchester Company as foreman in the barrel- making department, later succeeding his father as con- tractor of this department, which is one of the most exacting and important branches of gun manufacture; Mr. Lee has for years held the position of secretary of the old company. E. E. Perry has resigned and Charles E. Rob- erts, a former salesman for the Winchester Company and latterly in like capacity for the J. Stevens Arms & Tool Company, has been appointed sales manager. Frank Jew- ett, of Hartford, stated to be one of the best gunmakers ever employed in the Winchester plant and a mechanic 0 unusual ability, has been appointed superintendent. The newly-elected ‘officers took charge of the management at once. — The Cincinnati Iron & Steel Company, Cincinnati, Ohio, is distributing a large sheet entitled “Cincinnati’s Official Package Car Guide No. 1.” This is compiled by ,the Receivers’ and Shippers’ Association of Cincinnat, and 3s the forerunner of a book to be gotten out by that associ tion for the purpose of showing the railroad lines by which delivery can be made in practically every tow - the United States of package cars. August 31, 1911 The Steel Corporation’s Current Business ing the monthly meeting of the directors of the sted states Steel Corporation August 29, President Farrell issued a statement showing operations jor the urst three. weeks -in August, which ‘is as. follows: “The unfilled orders as at August 1 showed 3,584,000 :' iusive of intercompany business of 850,000 tons), ain over June 30 Of 225,000 tons. Since August 1 new . as been freely offered, and, notwithstanding ship- ments in August have been large, the bookings up to the latest date to. which data have been compiled) fair increase. ‘The steel-producing plants of the corporation: are operating about 78 per cent. of their capacity, while a nunber of the finishing departments of the various com- anies are operating 85 per cent. « daily bookings of the corporation from January | \ugust 20 show’ an average increase of 7750 tons, as red with the same period in 1910, Specifications for prompt shipments in August are reer than for any previous month this year, and the out- ill that can be desired.” Oe < \ number of patents were granted August 8 to William Bristol, of the Bristol Company, Waterbury,: Conn. overs a speed recorder, comprehending a circular revolving chart on which a continuous speed record may obtained. Another covers a belt fastener for round and the essential feature comprises an internally readed sleeve provided with a slot intended to cut the reads on the end of the belt as it is turned into the fastener. A third covers a combined clock and shock re- rder, this similarly having a rotatable chart and a flexible brating arm with a marking point at one end of it. The fourth covers a temperature compensating device for use electrical apparatus adapted for minute currerits such electric pyrometry. A patent was also granted to Mr. tol August 15 on a pressure indicating and recording pparatus, in which pressure changes are made to cause ictuations to a contained liquid carrying a float with licating and recording devices. piped rail, which was broken into a number of was responsible for the wrecking of a fast passen- rain of the Lehigh Valley Railroad on a trestle at hester, N. Y., August 25. Thirty-seven lives were lost. railroad’s chemists have taken pieces of the broken for analysis. The New York State Railroad Commis- lso had an expert at the scene of the wreck and will ke an independent examination of a portion of the rail. Kirkwood, Ohio, five coaches of a Cincinnati, Ham- & Dayton train. were derailed on August 27. It is that the engine struck a defective rail and was from the track. cablegram of August. 27 reported a more serious f the labor troubles in the metal-working indus- { Germany. The.employers last week locked out 60 ent. of the metal workers at Dresden and at Chem- The trouble started early in. the present month when 00 metal workers at Leipzig and 9000 in the Thuringian trict were locked out because-some of the employees gone on a strike. The national organizations of vers and employees took up the matter, but failed to settlement, and the extensive lockouts at Dresden hemnitz resulted. ne Niagara furnace at North Tonawanda, N. Y., is now in blast will be blown out about September ()f the three Buffalo Union Furnace Company stacks ire now running, and both Wickwire and both Buffalo isquehanna furnaces are active. The Lackawanna Company has had three out of seven furnaces in this month. The’ New York State Steel Company e, which blew out July 2, is still idle and the steel s shut down. \ e American Railway Association report shows that umber of idle freight cars in the United States, de- | from 128,088 on August 2 to 104,170 on August 16, ‘alling off of 23,918. On August 17, 1910, the total er of. idle cars was 73,679. THE IRON AGE | 449 Personal J. B. Keiser, vice-president andgeneral manager, and H. S. Geismer, Chattanooga district manager of the Southern Iron and & Steel Company,,who have tendered their resignations, will organize Septeniber 1 the Keiser- Geismer Engineering Company with offices in Birming- ham, Ala., and Chattanooga, Tenn., for consulting work covering coal and iron mines, blast furnaces and steel plants in Alabatia, Georgia and ‘Tennesseé,’ Arthur R; Shurtied, president of the Imperial Belting Company, 166-68 West Kinzie street, Chicago, is at: present combining business with pleasure on a trip to Europe. John M. Manley, who was recently elected manager of the Cincinnati Commercial Association of Cincinnati, Ohio, has decided not to accept. this position, but will retain his present one as local secretary of the National Metal Trades Association, 2 S. Severance, who has been president and manager of the S. Severance Mfg. Company since its formation, man- ufacturing spikes and rivets at Glassport, Pa., will sever his connection with that company September 1. John Fritz, Bethlehem, Pa., whose active interest in en- gineering developments in iron and steel has long been so surprisingly sustained, entered upon his goth year August 21, J. Campbell Maben, Jr., has been elected a director of the Sloss-Sheffield Steel & Iron Company to succeed H. O. Seixas, deceased. James Campbell, St. Louis, a vice-president of the Frisco Lines, with important interests in the Laclede Gas- light Company and other enterprises, has been elected to fill a vacancy on the board of directors of the Republic Iron & Steel Company and has been made a member of its executive committee. The vacancy on the board of directors caused by the death of John W. Gates will not be filled until the annual meeting of the stockholders in October. J. H. Sheadle, of the Cleveland-Cliffs Iron Company, Cleveland, Ohio, sailed August 29 for a several weeks’ European trip. A. W. Dee has resigned his position as secretary and general manager of the National Rolling Mill Company, Mansfield, Ohio. His successor has not yet been appointed. George R. Bentley, who has been connected with the Central Iron & Steel Company, Harrisburg, Pa., for the past 12 years as general superintendent, will sever his connection with the company October 1. The Pittsburgh Testing Laboratory, Pittsburgh, Pa, announces that it appointed, on August 26, R. T. Miller acting manager of its Chicago office, 1330 Monadnock Building, succeeding James A. Lister, whose connection with the company ceased on that date. — American Iron and Steel Institute Directory The American Iron and Steel Institute has sent outa biographical directory, prepared by Hon. James T. McCleary, its secretary,-and Assistant Secretary Howard H. Cook. It contains 266 pages 4% x 7 in. and is hand- somely bound in flexible leather. Sketches with portraits are given of 243 members of the institute and there are 14 additional sketches unaccompanied by portraits. The frontispiece is a portrait of the president of the institute, Judge E. H. Gary. Only those familiar with’ the difficulty of extracting such information about themselves from busy men can appreciate the labor involved in the prepara- tion of this volume, and the compilers have done the iron and steel manufacturers of the country a service in thus acquainting them with each other. It is stated in the preface that the circulation of the directory will be limited to the members and to some of the leading iron and steel manufacturers of Europe. (oe Oe The Griscom-Spencer Company, 90 West street, New York, is now selling agent for the Bundy steam trap and other specialties manufactured. by the Nashua Machine Company, Nashua, N. H. 450 THE IRON 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. Aug. 30, Aug. 23, July 26, Aug. 31, PIG IRON, Per Gross Ton: 1911. 1911. 1911. 1910. Foundry No. 2 standard, Phila- GEER ccoccdeetantcnssenese $15.00 $15.00 $15.00 $16.00 Foundry No. 2, Valley furnace 13.50 13.50 13.50 14.00 Foundry No. 2 Southern, Cin- GOO cs ccahecasveseceecce 2000. 00.90. 13.35 1435 Foundry No. 2, Birmingham, Ala. 10.25 10.25 10.00 11.00 Foundry No. 2, at furnace, MO re ree 14.50 14.50 14.50 16.50 Basic, delivered, eastern Pa.... 14.75 14.75 14.50 15.00 Basic, Valley furmace.......... 13.00 13.00 13.00 14.00 Bessemer, NES Ue cesccce 15.90 15.90 15.90 15.90 Gray forge, Pittsburgh........ « T1390 13.90 13.90 14.15 Lake Superior charcoal, Chicago. 16.50 16.50 16.50 18,50 COKE, CONNELLSVILLE, Per Net Ton, at Oven: Furnace coke, prompt shipment. 1.50 1.50 1.50 1.60 Furnace coke, future delivery. . 1.60 1.60 1.65 1.75 Foundry coke, prompt shipment. 1.85 1.85 1.85 2.15 Foundry coke, future delivery.. 2.10 2.10 2.00 2.25 BILLETS, &c., Per Gross Ton: Bessemer billets, Pittsburgh.... 21.00 21.00 21.00 24.50 Forging billets, Pittsburgh...... 26.00 26.00 26.00 29.00 Open hearth billets, Philadelphia 23.40 23.40 23.40 27.50 Wire rods, Pittsburgh.......... 27.00 27.00 27.00 28.00 OLD MATERIAL, Per Gross Ton: Iron rails, Chicago............ 14.00 14.00 14.00 16.00 Iron rails, Philadelphia........ 17.00 17.50 17.50 18.00 Car wheels, Chicago........... 13.00 13.00 12.50 14.00 Car wheels, Philadelphia........ 13.00 13.00 13.00 13.75 Heavy steel scrap, Pittsburgh... 13.00 13.25 13.25 14.25 Heavy steel scrap, Chicago.... 11.00 11.00 10.50 12.25 Heavy steel scrap, Philadelphia 13.25 13.50 13.50 13.75 FINISHED TRON AND STEEL, Per Pound: Cents. Cents. Cents. Cents Bessemer rails, heavy, at mill.. 1.25 1.25 1.25 1.25 Refined iron bars, Philadelphia. 1.27% 1.27% 1.27% 1.40 Common iron bars, Pittsburgh. . 1.25 1.25 1.25 1.45 Common iron bars, Chicago.... 1.20 1.20 1.2 1.37% Steel bars, Pittsburgh.......... 1.20 1.20 1.20 1.40 Steel bars, tidewater, New York. 1.36 1.36 1.36 1.56 Tank plates, Pittsburgh........ 1.30 1.35 1.35 1.40 Tank plates, tidewater, New York 1.46 1.51 1.51 1.56 Beams, Pittsburgh .........:. 1.35 1.35 1.35 1.40 Beams, tidewater, New York... 1.51 1.51 1.51 1.56 Angles, Pittsburgh............. 1.35 1.35 1.35 1.40 Angles, tidewater, New York... 1.51 1.51 1.51 1.56 Skelp, grooved steel, Pittsburgh. 1.20 1.20 1.25 1.45 Skelp, sheared steel, Pittsburgh.. 1.30 1.30 1.35 1.55 SHEETS, NAILS AND WIRE, Per Pound: Cents. Cents. Cents. Cents. Sheets, black, No. 28, Pittsburgh 1.95 2.00 2.00 2.15 Wire nails, Pittsburgh]........ 1.65 1.70 1.70 1.70 Cut nails, Pittsburgh?.......... 1.60 1.60 1.60 1.65 3arb wire, galv., Pittsburgh+... 2.00 2.00 2.00 2.00 METALS, Per Pound: Cents. Cents. Cents. Cents. Lake copper, New York........ 12.75 12.75 12.75 12.87% Electrolytic copper, New York. 12.50 12.50 12.60 12.62% Seger, Bt. LMiccss oésesnes 5.90 5.95 5.60 5.20 Spelter, New York............ 6.05 6.10 5.80 5.35 ee ee RE ee ae 4.42% 4.42% 4.45 4.30 Lend, ee. WOR cnncarecsnsses 4.50 4.50 4.50 4.40 a ee 42.87% 45.00 42.00 35.70 Antimony, Hallett, New York.. 7.75 7.75 8.00 7.87% Tin plate, 100-Ib. box, New York $3.94 $3.94 $3.94 $3.84 *The average switching charge for delivery to foundries in the Chicago district is 50c. per ton. + These prices are for largest lots to jobbers. ———_—~o@ 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, 1oc.; Cincinnati, 15c.; Indian- apolis, 17¢.; Chicago, 18c.; St. Paul, 32c.;. St. Louis, 22%c.; 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. Plates.—Tank plates, % in. thick, 634 in. up to 100 in. wide, 1.30c. to 1.35¢c., 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, % in. thick 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 AGE August 31, 1911 foot, are considered %-in. plates. Plates over 72 in. wide must be ordered 4 in. thick on edge, or not less than 11 1b. per squar foot, to take base price. Plates over 72 in. wide ordered less than 14 ib er squzre foot down to the weight of 3-16-in. take the Price of 3-16-in. Allowable overweight, whether ie are ordered + weight, to be governed oe standard specifications of th, tion of American Steel Manufacturers, sauge or Associa. . ‘ " : Cents per Jb. Gauges under % in. to and including 3-16 in. on thin- F MOOR ORR, GUEER. 3 665 0404 caddatateibewadicc.. << Gauges under 3-16 in. to and including No. 8........ 15 Gauges under No. 8 to and including No. 9...... «<3 ee ‘zauges under No. 9 to and including No. 10.......... .30 Gauges under No. 10 to and including No, 12.......... 49 Sketches (including all straight taper plates) 3 ft. and over in length............ catues Complete circles, 3 ft. in diameter and over......._.. = Botler wud Gams Cena. 50.06 shade aw edtede eee ec cccs, .10 “A. B. M. A.” and ordinary firebox steel............ .20 Sti. Dedhems GOON. oss ccsvcenseseds ae .30 Marine steel Per PPP eee 40 Locomotive firebox steel............0. DeUEE Rb O sss 0c me Widths over 160 in, up to 11) in., inclusive,....... . 05 Widths over 100 in. up to 115 in., inclusive.......... . 10 Widths over 115 in. up to 120 in., inclusive.......... 15 Widths over 120 in. up to 125 in., inclusive.......... 25 Widths over 125 in. up to 130 in., inclusive.......... .50 i ee ee 8 Pee eer) eee 1:00 Cutting to lengths or diameters under 3 ft. to 2 ft., in RED 6s 6t400d dn ence had s Lae er wo sss... 25 Cutting to lengths or diameters under 2 ft. to 1 ft., in ND 5 par vgha bine op hihin'c4 06 vee ans) oe. 50 Cuttings 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 Structural Material.—I-beams and channels, 3 to 15 in., inclusive, 1.35¢. to 1.40c., net. Other shapes and sizes are quoted as follows: Cents per lb E-Deems DUO 2S) BOs sc. nsdasd os snk seadwanmenan 1.45 to 1.50 SS ee ee rr rer eee 1.50 to 1.55 Angles, 3 to 6 in., inclusive, 4% in. and up.... 1.35 to 1.40 Angles Over 6 iM. ..ccoccesicewssstccaoens buses 1.45 to 1.50 Angles, 3 in. on one or both legs, less than % in, thick, plus full extras as per steel bar cond Bent, 1, 1900.06 6iti daccnkeke. Ss skeoiee 1.40 to 1.45 ROOM, B10. BOR UD .6sisccdaees nanan kadadsies 1.40 to 1.45 pees, 3 th. OBA UD. ooo iso ib keep a deanna 1.35 to 1.40 Angles, channels and tees, under 3 in., plus full extras aS per steel bar card Sept. 1, 1909 1.40 to 1.45 Deck beams and bulb angles ...............+5 1.65 to 1.70 Pee SOR GOOD. occ, tcawdds weeds conbnaeee 2.45 Checkered and corrugated plates ............. 2.45 Sheets.— Makers’ prices for mill shipments on sheets of U. S. standard gauge, in carload and larger lots, on which jobbers charge the usual discounts for small lots from store, are as follows: Blue Annealed Sheets. Cents per Ib. Mee. 3 00.8 2.0.02 cdvcgs thesac uns sueeeeeeeee 1.35 to 1.40 Be, 9: atid 10 .. 0000606 ctewsven sv eeeesguehneus 1.45 to 1.50 DUO BE OM 1B nn dae 0000000 0000 Ren aR eA 1.50 to 1.55 EGU. Ee MO BH 65nd nav cedeccnebe waged ene 1.55 to 1.60 Bios: 13 eed Bb isos c sicccicersccvevet meee 1.65 to 1.70 One Pass, Cold Rolled, Box Annealed Sheets. Noe, B0 D6 Bh ic tee veda chav dsdiah tee 1.60 to 1.65 SOON, (AO NE BO oa cdc oa caps aeoun ia Ve 1.65 to 1.70 NOR 30- CRG 16S icvccccsssbvronus scene 1.70 to 1.75 BGe: 07 hO BD cia nic.0.00'0.0'¢ s Gees ays cee 1.75 to 1.80 Nos: 22. 33 eal De ....2ccsdccsacun thse 1.80 to 1.85 08. SS weed BS oes cc. vs cadiviesese aes 1.85 to 1.90 BIO) BE so ves escd eb 0etaev sep subaneeee 1.90 to 1.95 rrr rns a 1.95 to 2.00 Os BO ccccventétesctakgueielles¥Gienanaie 2.00 to 2.05 IO. BD. 0 ies cv ewwvvwseicecedivinds sapien 2.10 to 2.15 Three Pass, Cold Rolled, Box Annealed Sheets. Noa. 16 and 16 ois svctcdeecnsteeei see 1.80 to 1.85 Nea. 17:40 31... 6scascncseenadaduas see 1.85 to 1.90 Bon. BP 00 D4. su... ccc ce vee ceapee ene 1.90 to 1.95 BOe..25 em 26 «icccsisvnies s0¥eusceeueunenee 1.95 to 2.00 Ws es n.on suv p-0eenenns te cab yuu eee 2.00 to 2.05 BOO BO ic recccvabiaos eee duis bet eels sy pNEEe 2.05 to 2.10 INQ, 29 occ o.s:a0n'c 850 Sele ok bbe aise ee ee 2.15 PEO, SO ic css cues oeaks edu eke as soe ‘ 2.20 to 2.25 Galvanized Sheets, of Black Sheet Gauge. Nos. 10 aad 21.0.0... 00s onngs een ens oe GR 1.95 to 2.00 Noe. 12, 13 amd 14 oc ososv0600000deen ewe 2.05 to 2.10 Nos. 25, 16.000 47 .00i0+<000s0.0nessaenel 2.20 to 2.25 ioe,’ TB 80 28 so vn ss cnescueccaunns scone 2.35 to 2.40 Nos. 33. a0) 36: .o.i.0dcscusdereee ace 2.45 to 2.50 Nos. 25. 000.S6 .. ..<1xstsevnsuneas sshaeenenee 2.65 to 2.70 POG, Oy occa vinie és cae Gu aen eal <aa ake 2.80 to 2.85 DIO. BB: 6 occ w sds vcacesebdsn dee hse thie 2.95 to 3.00 MO Ee 90s seniecssayerspeokashanen vere 3.05 to 3.10 IO. OO cw visacegeueseetapendiacascte 3.25 to 3.30 All above rates are f.o.b. Pittsburgh, terms 3° days net, or 2 per cent. cash discount 1o days trom date of invoice, as also are the following base prices per square for painted and galvanized. roofing sheets, with 2™%-in. corrugations: Gauge Painted. Galvanized. | Gauge. Painted. Galvanized. Bee i thas sige $2.40 SE ars ae $2.40 ~ te $1.40 25S . 1 Seeeegaueas 2.60 3.70 BF oie cone o 1.55 2.60 FE 2.80 ‘= RT ee 1.65 265° 1 “QB weas 3.05 +30 dae 1.85 3.05 | 18..+.0e. 4.05 3 Sta reuns 2.10 3.15 BO iesveks 4.90 " August 31, 1911 Wrought Pipe—The following are the jobbers’ car- load discounts on the Pittsburgh basing card on 10ad wrought pipe, in effect from October 1, 1910: Butt Weld. m— Steel, ——Iron——_ Black. Galv. Black. Galv. 1% iM.ccccees 0n00esead. bs ée 49 43 A. . eee sobbetsia tae 63 71 59 to 1% ihideapeneenas ees oe 69 75 65 2 3 Ife vsenngeeksauenben 80 70 76 66 Lap Weld occescutouteosateans 76 66 72 62 4 iM. cocectccseoeces 78 67 74 64 4 6 iRivceesecsanetans 77 67 73 63 2 in. «cchasnaameeneese 75 59 71 55 1S in. sntaihaanbuncth ms cs ease Had Butt Weld, extra strong, plain ends, card. weight. ,, 9h Whivee'sdcew nea 69 59 65 55 occ cedee be uneeticbuee 74 68 70 64 1 fal .-o'ss 4 Una ateathas 78 72 74 68 3 im, vas outa eelee 79 73 75 69 Lap Weld, extra strong, plain ends, card weight. coer ede get see eeenanns 75 69 71 65 4 ithedesvaeds oubwusa 77 71 73 67 6 isi cd ected su ebrhee 76 70 72 66 8 ins... veavebaeehecun 69 59 65 55 12 i.'s5 edabeceeaenahew 64 54 60 50 tt Weld, double extra strong, plain ends, card weight Neos onc dns SERS 6 eo 64 58 60 54 1% Oc dectibeeute cet 67 61 63 57 3 im. cs sdawbeae bua wes ean 69 63 65 59 Weld, double extra strong, plain ends, card weight. H.. sve @Runbe sa iaeeeae 65 59 61 2% to 4 iilcusccvenes eens 67 61 63 57 { to 6 tasis s ces ene us fee 66 60 62 56 7 B int,: «2,040 45bs Gees 59 49 62 56 > Plugged and Reamed. f will » a at y A 42 3 in. B points lower basing (higher me 440 8 to Weta price) than merchants’ or ee" card weight pipe. Butt or lap weld, as specified, bove discounts are for “card weight,” subject to the usual va n of 5 per cent. Prices for less than carloads are three (3) point ver basing (higher price) than the above discounts. Boiler Tubes.—Discounts on lap welded steel boiler tubes to jobbers in carloads are as follows: Steel 1} to 296 Mis ccidcsnvecss iddvcteekes seeseweave 65 2 Ih. o occ eae Rbe bes 00500 0000 bb 6 Ube SSSR 0b CARES Ree 2% to 3% Miniins bicsdechadisvencukeenee enna: os 3 to S56 Baia 5 <6 dns bob sanne she as cee 72% Sto 6 EM csciiseccdes cbebepee es Seenens tie ee 65 7 to 18 Iisswleucuccstenptenbwahbdedes taken 62% J 88 than carloads to destination east of the Mississippi River will be sold at delivered discounts for carload lowered by two points for lengths 22 ft. and under; longer lengths f.0.b, Pittsburgh. Usual s to jobbers and boiler manufacturers. Wire Rods and Wire.—Bessemer, open hearth and chain rods, $27. Fence wire, Nos. 0 to 9 per 100 Ib., terms 60 days, or 2 per cent. discount in 10 days, car- oad lots, to jobbers, annealed, $1.50; galvanized, $1.80. atrload lots, to retailers, annealed, $1.55; galvanized, 1.85. Galvanized bar wire, to jobbers, $2; painted, 1.70. Wire nails, to jobbers, $1.70. _ The following table gives the price to retail mer- hants on wire in less than carloads, including the ex- tras on Nos, 10 to 16, which are added to the base Pp co Fence Wire, Per 100 lb. N 0 to 9 10 11 12&12% 13 14 15 16 Anneale ---$1.65 $1.70 $1.75 $1.80 $1.90 $2.00 $2.10 $2.20 alvanized ., 1.95 2.00 2.05 2.10 20 2.70 2.80 ind Stone Wire in Bundles, Discount from Standing List. t and Annealed: ind CORMEDEs.s « imcdecsesanedbewséeloesabwieah oe 0 to 18... .civnicacns 6000 ud Bebbadbaeenesneaen 80 and 10 to 2G. ccverivdetesveesewbes eacneh 80 and 10 and 2% of 10 36. we occtdenvedseecb oat ct vaecciowseseaokun 80 and 5 Galvanized: nd CURSHSSs 2.0 nkbbs eabecd bec hehe oReee 75 and 10 to 16 .cccvchvcvethenddseesesoan 6 ebenis +e 75 and 10 t0 26. c0cc+semscksbanthsebtisabataaenel 72% and 10 0 Bir crcdaesanbedendennie cient ies shed 72% ered or Liquor Finished: Nd CORPSE. o. sscs-cncegdesdd covsedane neues 75 and 10 to 26. . otis wkd tin etwas Ba Wile ds aaebbeeenabe eal 75 and 10 © 36.2.0 csenoe hn ent acewees 0a seca nee 70 and 10 and 5 to 18. ..cxidcscasedeeeneesscneeeeen 75 and 10 and 10 Pittsburgh SBURGH, Pa., August 30, 1911.—(By Telephone.) Pig Iron—The recent purchase of Northern foun- nd forge iron by the Standard Sanitary Mfg. Com- Pany tor the remainder of this year was 11,000 tons, in- ; of 7000 as stated in this report last week. The Inarket on Bessemer and basic iron is very dull, there is a fair amount of new inquiry for foundry ‘or delivery over the remainder of the year. A lo- interest representing Valley furnaces reports sales 1onth of upward of 20,000 tons of Northern foun- y ‘ron for delivery over the remainder of the year on the basis of $13.50, Valley furnace, for No. 2.. The Bes- ‘emer Pig Iron Association reports two sales of 500 THE IRON AGE 4st THE IRON AND METAL MARKETS tons each of its standard Bessemer iron for September delivery at $15, Valley furnace. We quote as ollows: Bessemer, $15; basic, $13 for early delivery and $13.25 for extended delivery; No. 2 foundry, $13.50 to $33.75; malleable, $13.25 to $13.50; gray forge, $13, all at Valley furnace, the freight rate to Pittsburgh being 9oc. : Steel.—New inquiry is dull, nearly all consumers billet and sheet and tin bar requirements being covered by sliding scale contracts. Mills report that s ecifica- tions against contracts are coming in at a fairly satis- factory rate. The billet and rail sales department of the Carnegie Steel Company reports that its actual or- ders sent through the mills for rolling this month will exceed July by about 50,000 tons, a part of this business being for export. Prices on billets and bars are re- ported firm. We note a sale of 300 tons of forging bil- lets for September shipment at $26, delivered, Pitts- burgh district. We quote Bessemer and open hearth billets, 4x 4 in. and up to but not including 10x 10 in., 21, base, and sheet and tin bars in 3o-ft. lengths, $22; 1%-in. billets, $22; forging billets, $26, base, usua