The Iron Age 1931-01-22: Vol 127 Iss 4

~ = > “ & t 7 \ : = SURPLUS LIQUIDATED JOHN VAN DEVENTER re nt } Crit [ I i te 1 t na t — 88,677,000 YDS Finished Catton Goods > 109.000 TONS 962 000 1929 PRODUCTION Perhay would have well enough alon t the rate } ist nave normati OUSI [his was due rease per annum anticipates doub lited State ha cannot exceed rinal innua yrogt e may apply tin the cess ot 1 ind information in the torr nce { 658,000 — 4 TONS Automo- biles } Qmonthe« ~LA . rican business tne 1dea that 1 n-} COMmacn Capable | sumption Q it ctart ; nsumption. Sol arted It 1) 4.) tisfv its npetite na Here are Some r lu? + rican business tried rging eriod rat ning Jad, as mpared wit t ! + iat “Ine ; e dale qauriny tf ) you read these it i nt r tne tour €al ! ite ncreas t l n aid not aver: mney - at ‘ + 1O21 \ ne? ‘ At ve t rer dy ‘ M y ry 1931 which was pre nted , 4 299 1 connection with an t y Alv ee president, Simonds Saw & Steel Mr. Simonds per cent annual normal production volume gain ‘ th being represented by th straizht dia | Excesses and deficits abov roaucth 1, 19 eY t ? 1 ft w normal du t bu ycles a shown by the inverted V's M/A Simand dint re) in volun during 1931]. culminat wf kon \ 70 5 1928 1929 1930 + 4 + 4 ye? ‘ ri? cl 4 i i \ ry? + 4 , + | ir? \ 4 re hit "x4 ‘ BILLIONS Wood Working Leather Machiner Copper ank Debits 151,950 TONS BILLIONS 35,958,000 PAIR ihe ige. lanuary 22 1931 295 900 City rr > and Budgeting Your Profit Course business course 1931? Will you trust luck ume will increase sufficiently bring profit xpen sales and other factors such way that with w-normal ume sales, you can arrive fair profit ne? harting budgeting business its entirety, developed presented with applied hypothetical case for this year are going those who plan for them | | : 14 s¢ i ( nart i a r 1 here } I How the Chart Can Be Us \ A rat | prer ? +} 4 a> this chart and the ones following pages the author illus trates his plan profit engineering this method resents graphic eted profit and loss statement and furnishes budget which automatically variable method charting business not new having been used early 1909 and explained the thors book, Production Control published has lately been mproved upon, says ind the results presented The Iron Age. January 22, that time the technic f thi f\ yy f | Cy , i > 0 A ited what stock t mol IL mucn ello “aA + re) ry inupe enclme qadeadiine ed in red DUSII el tig? t} I I WiLfTl, Is + rot all nad nelign 1 +3 } } it) +} } wi? ssential 19 = iteria i th nt f capacity inis is the point remaining te! equais per cent on the capital iny 4 +} retirn for mone\ with n pa 1 tn OUSII earl T at } ry +} n that ‘ a e tnan tnat necessary nte? t tment n ing t by ur} ry + } t} ry] \ \ | ? Sales Not Real Answer t sales D “ee ) nt he Var an | } oy ; + OF) y ] t aJt / ire ive, naars 193 rl } head nh ent been t Tron {ee Januar, IQG CHART 4 ky ’ A “A A ( | | } 42 = fing m r ame speed 1n Ialr Weatner lf ! ead n SUs rom anotner snip 1n ; } ne? } that overing tt torr How tl Plan Works Qut \ l l Ii} 1) aad ‘ i) +} | } Ce) | 4 ) \ t pe nt ft ~() TORY omparison ot Two Years 410 ‘ Let na} O} 195] | tiny rh + T4 ] ] » +] roa ar-t date how 4 each the previous tot trative and fern ined and the 7 ry , ‘ ‘ ty ? y LAY BAY 0 { ty ’ 4 V4 ’ 4 , ; ta ‘ Yearbook Railroad Intormation tainment f the desired result = or y Profits for Those Who Plar i The Iron Age. January 22 193] to] Process Reliability Steel GEORGE DORNIN y +} } t } i tandara | + i} : nt tel l ec ire take tut eng ‘ ‘ tvp al ‘ tnt intry | nave een tor the past vears and ++] ‘ } ++ + + ttl odav tnan 4 nterests t} | t; de ; e that i} i} if we? tir i} ii) " tandard I Ollidltv before reneatl ! t rimmed steel n it OX ind t} ren nder cast partly \ i i ie] 1U roduct ner cent our ste nr: } the operatol I rer TiO)? ‘ | thir Ina aina ( full Control Possible Only with Deoxidized Steel } tee Wit made annot rimml! for the Ca. mn betwee}! 0.10 and ( ana a ind adainy niv part Only Fully Deoxidized 41 11 R , » 4 +} 10 ne? 4 of ir steel made ) January 22, 1931 = Discussion Steel-Making Reliability RACING steel troubles their several sources has always been important one step, and large one, toward better quality. This paper and its discussion bring out sharp difference opinion how the best quality can obtained. clear that acceptance high cost can give it. But from the commercial consumer's standpoint there great range possibility between the highest quality product which can made—at price—and quality which will satisfactory for the pur pose for which intended, and will within commercial price limits. The author traces the need for close control over the original steel-making process, for poorly made steel can never made good subsequent treatment ting, believe that this tvpe process ! SY are } ua rit Sci} _ open-hearth, and the fact that mostly and organized make the unrella I ill proportion to tine results obtal | | Linit i States Navy Wepart think our steel-mak ny operatin ment ind chiet nspector, Gathmann and the write. the bath meta ring Co., = xidized before teeming. That the met by top than at tl Lor rit ternal t the steeal_n 4} ‘ ‘ should ) Zation ] Desirable Inc lusions May ertain Boiling 3 not allow users select the best steel, fron questionable value With iniformls clean, sound steel the labr steel products could much more for his () ya) ] \] ( ] ( rn) } ™ @¢ a +] riod contains more FeO than sat i cat if i \] () iid } edu without +) the ude “clean up” steel-MakKIny process, be lt new that existing today, will We Ke r not SOI it t date ) ore inner I I Ve + el! t t Whether to Cast Invots Poor Molten Steel May Due Surface teh | ) ) | \ ‘ 4 > The Age January 22. 1931 | HAR ANAGEMENT, the great majorit cases, must look foreman its point contact with the workin force. The this case, dull time than good. For must not only exercise influence the decision j } 1? weed ou from his 4 =~. Dd q € “ay The lron Age lanuary 22. 193] who shall work and who shall let go, but must The also maintain the moraie and efficiency the re- duced working force. the following article, the foreman’s job slack times discussed from the stand- point well from that the worker. The ize, January 9 - 1931 2 | \ . » Vey ft, thace nr ha +7] orn | have tn da i EY ry th n | ‘ ‘ 4 ry more ilf ta T + } I = , “4 , y i] / iney get into tne ERMAN school children sit chairs seamless steel tubing desks the same The frame two-story apartment building erected rlin with seamless steel tubing welded the girders supporting mem seamless steel tube scaffolding new Berlin theater. Part framework itself also heavy seamless tubing instead structural shapes 4 Pit 4 4 te 308—The Iron January 22. = ¥ § | Seamless Steel Tubes Used Structural Members Germany I 4 ’ ; NEAMLESS (vermany fe t ‘ nstructl i The Age, January 22, port tests n building ! Tee tu rs Builders are also making wide use tubing plated } SING steel its medium, Chicago building imposing monuments its irrepressible enter prise. Nowhere its recent civic improvements show better advantage than the junction famed Michigan Boulevard left) and Wacker Drive, double-decked street steel construction » ? | 310 Age. January 22. Chromium Plating Increases Life Ford’s Gages and Fixtures Chromium plating, increasing the life gages, has cut the cost inspection substantially and also reduced the total scrap and rejected parts production. tool fixtures, spindles and cold-heading dies, has increased the useful life from six times f “ + «i + rei that | Talied \ ‘ 4 t ] +} age all “Al q +} +) 1300 Interior first floor gage inspection department Rouge plant, showing some intricate machines used in checking master gages The Iron January 1931 sSavinys t nee ? ment the Ford Mot i rag ; ‘ ti 7 } ++ : | ‘ q ‘ ‘ , |} a D time neto. a ne Keeps Stock Moving from a use mechanical handling new manufacturing unit the Electric Auto-Lite Co., Toledo, Ohio. Production volumes and nature products were such make unnecessary ask the ques tion, the production sufficiently large warrant the Under these circumstances, the plant was laid out with all the handling equip ment and other labor-saving devices which were advantageous reducing costs and speeding output Stockrooms for finished parts are elimi nated, being replaced conveyors. Flex ibility secured alternation sizes containers. The plant and equipment form instructive example mechanical pro coordination nce Shipping Dock Handling Unusual Deg = d 4 rhe nvevol }) t are Kept nroont nsist ol au init tnus delay tnere, precedll machine dow?) Inventorie kept at a verv low | for each piece isted that produced the ed i { ‘ ‘ +] \T Vit { al ae $se wr which carries nvey { assembly n the partn the noc 1931—313 9” ee. January The Tron Built fit sloping site, the plant marth re re ¢ 1 ¢ pre from which they ar ted n ft 3 rod holding pout i ent the 3t Scra ses through baling first-operation machines conveyors are located pits, in. above the around procket ntrol movement wit! near the end the conve nine operator move the additional stock within conve them feed directly nese mvevors handk welding for welding the frames for starting tors and generator: frames, form, are fed into machine through per the front pieces, cut length down chute short conveyor hopper from which they are set ous gas-fired furnace. end the furnace with tong ed, formed and trimmed and the three bucket-type elevators ssed Into Cylinders and the Edges Wel pieces are cut off and and natically, being delivered from the Which takes them hopper. discharged tumbling barrel, ( imp Into a chute whicl al ‘ et elevators. 4-ft. cent one conveyor unit nvevors filled with the motor and generator frame and the enerator pol eces, there being nit ator ©) | ii TI cil dock and conveyor carrying bundled stock room first operations the conveyor hat delivers baled irs. overhead crane handles teel from the track, not shown the picture, stock piles the conveyors, which move toward reader's left + feeds v1 n tne Olnt ‘ ‘ i ‘ ‘ ] \ ran noine nging the stock from unload dock, other side wall goes from conveyor machine left, mostly ncealed the elevator. This unusually convenient thod for handling long stock hines. The picture shows one the bucket The Age, January 1931 — \ 4 +} it off and pur it enyt] 4 levator t — ‘ A At section the final assembly lin Above one the chain convey the center +h ng bench ‘ 2 und nd mot > nv ‘ Ww d Elevators tn the next Heads from rom Machine to Mach ‘ The Ire fer sar 29 193] Power Problems High-Frequency +} Expansion Existing Equipment + i\t mportant ! ; nd | ~ | | 7—Simplified diagram connections for furnaces Age. January 22. 1931 i 4 — installing high-frequency steel furnace the cost the melting unit itself minor importance, generally representing less than per cent the total outlay. The major part the first cost installation represented the power equipment, including motor-generator set supply high-frequency power, con trol panels for the motor, high-frequency generator and condenser units placed oil-filled tanks this article, the second series Dr. Northrup, the power problems high-frequency melting are discussed detail. Factors controlling melting effi ciency are listed and results obtained from specific installations superheating gray iron and making different varieties alloy steel are cited The Age, January 22, | | 4 Ww Melt x we 3 en ‘ } 4 1027 The ro +, ‘ \ A wera January 1931 t rit ‘ + 7 i ‘ i ) ‘ : ra | | +} ; > () | | 1¢ 0.57 4 Stirrin ol Me it tT Figs and ) How ‘ ri ) ft w — on rm sential electrical featur furnace installation = > > . W r at —_ + Handling Tin Plate From rdination of me DOX non nts +h employed the Heek Can C rcinnatr ¢ tr rges box +} k¢ + barge unloading tower provides vertical bundles horizontally into the loading dock Abo jing dock takes OTE the specially designed the bundled tin bundle hook operated the box car the monorail crane. This completing the posits the bundles within easy from water reach the electric lift truck vel railway right — The fron ive. January 22. 1931 t23 : 4 | 4 { } | | | € | 7 j ounter unit lowing the bottom of the levator between the of each uni + +f Machine i } d rec W ‘ ‘ } ch ecty The countir \t rrar y har The elevator, sloping disk R — Count \ | YO vw. Hopper Holt im} of Vnat \ | 7 Ae | 4 nt | « ru 4 +} . view th machine th aration » W [ t t ump fi trom jer t p fu t Other may be seen + + + > 4 ig Vs rs | The fron lanuary 22, 193] Counting and nit \ | ill a T 4 + a ( rv I ik at and ation The Iron ige. January zz 193] “a 2 for Laboratory = — | ften } 1 te? ther tl adic rie ? — =) i = j rt ‘ = 3 | q 3 Heati ( + ~~ — \ i = a 3 I 4 ( | L % A Whee 7 tion Molten t trok ler for tep bolt » th y Bu a or New Line Engine Lathes Built Five Sizes, from Inches The Lift ounds \ January iit Steel \\ +3 + + th | l ‘ Ma Je Metal Containers Press Boxes 4 - 4 7 Sale a d i2 | t,1i_& t ( perator rimm f \ = Press Weighing Tons Makes dui all Z Pipe Threading Die-Head Features Ease Operation 4 ‘ — € ba a r } a — . i NEIIMAATIC \\ +} L mad 7 & — . | o ( ~ o Bakin ~ > Ne ~ 3 + ° as > re ! ! echanisn f thi P Le foe oh i} ed to the “mor ot ft Vey nder. At +} it inte! yr eft ( | 7 t ) ired by con) Th neutra 1} i thy nad D3 ise OI tne rat ipporting the linkag nd tery eine \ | + + ( een pu \ I an Ga \ — is no +} of { is Lit hy Making Progress Slow Readjustment ~— — steel at d } line and ron must decline ‘ 4 ‘ \ 0 ] ] 93 The Age. Janu 193 —e ‘ ; Point Bank Debits Still Falling \ j ‘ mont The ige cngagement Capacity Wanted: Uncolored Facts ter) al 1 \l) }? \ 1 } t ) nt ; (1¢ (oriel i? i if t mat () + } ()) ne} ] na de rt ! +} ) t } Iron TEEL Ingot Output Has Reached Per Cent Improvement and Steel Demand Gradual Rate—Diversity Consuming Outlets Showing Betterment Most Encouraging Feature { ory } ‘ ) i l ‘ = io,U it) ] \ ry i i i i l i ] + | 4 Li ; ; ) ‘ il \ ‘ + + +} } } | Ne) ent ~ + + ire] i ve) 4 in LD) ] P mnt er rt or 4 l a i + y nave el piaced ( I y ; ] + in tha S ; + ; il ‘ RIM ARY tey et \ ] i] ne ane trade nas a lI 1 lent Irom tne diversity oi ou no ry) 1) + ++ +} + +} +} + mr? ~ + +} y r + +} + + + + + rh + tay I I O! nea 1! I I r I nan ny =, x } | pro } roaag-MakIng macniner arn lipmel wasnins ‘ ] + + ting aa + 1 . ror I i! imonsg Ul il ita ell ratl 1 Velal Gist ICs Lila > 4 | | Act + ‘ vor yr tor > Nn > amnionv rh mar + + e men are on par! time ar par ag P @1 + + 4 | a+ ‘ 4 ‘ ‘ ‘ 1 ()n ne mos earte aeve week, because oO! 1t8 aring 1 n a yA pe! The Iron Age, January 22, 1931—335 +) | no +} if} ina ina ner 2 Steel Releases Show Little Further Except Isolated Instances Steel releases past week RGH have held level pre- Pig vious week, but have made rains only in isolated cases. 7 i Tin p> late specifications n wt! aggregate releases are rat heavier, and mills rolling ippointing. any new this product are operating reported, and cur small ! eC! rhe la Co. rece! tly Automobile industry counted for ipon supply larger steel Prices are nomin orders February. hanged, and the apparent Steel ingot operations for the () e| district show Scrap market holding its own, but buying has subsided and Rails and Track ‘ f ected tft t} order Bolts, Nuts and Rivets not changed \ I Snead oreei ( T T Oo wee red early well, i Price ire A Bars, Plates and Shape ars, ates and Shapes 1 id ing relea ind railroads ars eel 336—The Iron January 22, Pig Iron, Rails, Billets, Ete. linished Steel, 7 rke 1 ) y r ) 17 n B Goods + a ] hang mir mings all (Ff n¢ ror ‘ {) il Sheets M00 ) ( ra } ne r e rather f ‘ i ma I I < re] ] P } ro os ALLY I nr Comparison Prices Market Prices Date, and One Week, One Month and One Year Previous, Advances Over Past Week Heavy Type, Declines Italics Finished Steel Wire Products The Iron ige, January } rd r ear, tne er raging rthor. ] ) irr i r i0 r f nr ed 22, 1931—337 Sout y B I I Pitt Old Material Coke, Connellsville Meta THE IRON AGE COMPOSITE PRICES Steel January 22, 1931 Iron Steel Scrap 11 ) irke and placing 34 ( i lt ra will end i! a ( i $11.33 a Gr I 14.00, ‘ in) | Coke Warehouse Strip Steel lron Age, ite tor dis- gains two points to 42 per OL cana tv. overy ot stee!l burst ae ; t mp \ eat Sheets } tepo n ) utomohbile and f ! plants taking n re steel, cteel 1 ra eguipment are enth wit! b 1 moved December Steel Business Making Slow Headway Confident Further Gains rating rt The January 22. 1931 rit | ( ls +} ‘ | n ar ‘ Nuts and Rivets ? PUSINESS | 1 > () | ric Sup ( Pig ‘ i ( | ron ) nt ( af idy ‘ | + ne i> Reintoreing Bars - e ( | ( \ } > 310 The tron {ye January 22, 1931 CLEVELAND [ron 1 > Output Strip Steel ind Shapes Bars, Plates Wire Products Warehouse Business Sheets January The Iron 4 Jar Ot nt I Lhe ] ientiyv dld newnat tt t! } rag 1) t tered. That bett tion +} + +1 + ‘ ‘ ther + y Tr l i I a na acy, Witn ail LA — = NEW Pig Iron and Steel 14 | 16 tor } ( \ Coke oars } ) ft S?.60 ) () }? ! ay CoO? \ melting has closed Ft nd hroke} - t otfer $10.50. delive Pipe ( nt, and ft f Canadiar no t W rn Penr ) \ r ( iat ( i } t SI ce 0 rice fob Now York ] NJ The fron Age. January 1931 = The January 1931 343 y J \ ) | + < T Cay Oy 4 4 ‘ i nann rey ‘ inu ] a > I I I> . iron ¢ licty Ipply n I YOY 1) Nhar *? a 1 i ‘ < \\ r BOSTON i i! hinime hii} Get es [or pipe scra I r old unchanged ncreas¢ 1Lerla nts Gain More Rail Order Jan. 12. Iron Works Co. | ) ana Capit bu Luker Steel The Ineal] eomr? erat ! ( i? in na ( (it | yt} Pipe l? RB Pe cnase 1 _— IT} plightly Moré Promisins ‘ pmen n the Pitt irg : ns al Cast lror | ine 4 | ) ( ( \ | terial 2 I 2 M ] | - A y | : ent nerea light operating + \T ‘ ) Ingal 4 il¢ na r portion of the f janu ry 19: I ‘| EO as Youngstown Operations Continue Slow Rate t] ird week In Jal lary, Galt continue Ur movement ,oung n ( y S50) 1) t l 4 { \\ () One? } . Warehouse Prices, Steel The Tron January [ron Shipments This Month Show Gain Orders rt Coke rovel nt ne tact +) < é | tot + » 4 + } ~ | > | r Ahem , ~ — . = rack Nlaterial SA ] tony ( ( nt i! { ) \] i Tan ions oft Rails } | ) { Wit 1 tne 1 & ( al ( t ( Y Nal no 1} oO? of { t iced ‘ ° | \ i J tt The fron fee. Januars ZZ 193] om it SUU tor sar Steel Structural Stec Republic Denies Reports Change Scrap Market las Stronger Tone rs [ronsides Co. Sponsors Research Battelle The Iron Age. January 22, 1931—347 | Gat no ‘ ot =} t ore ‘ ‘ + - Old y - + Pig Iron Prices S 1¢ () ny ‘ ‘ a 348 “Ke p Br IW LU mivets l > 1 DP Sma Rivets (ap and Set Screws irda > } r = Mill Prices Finished Iron and Steel Products Iron and Steel Bars Light Plates } f. ( ig Sheets Welded n { ( H ts I Ir { P A Plates Structural Tin Plate | Hot Rolled Hoops, Bands and Strips Alloy Steel Bar Roiler Tube ase ts, f.o.b. Cold-Finished hes Wire Product 4x4t x t e A ‘ + r i Rails > 4 Seamless Mechanica >. pa rger $2 or ‘ rger The Iron Age, January ] 1931 349 1.96 | at f . 4 4 ‘ eich Sens the ‘ | tin ta F cer tu fe and | q Warehouse Prices, f.o.b. San Base per Lb. Plates and struc. 3.40c. Blue sheets (No. 10)...... Galv. sheets (No. Struc. rivets, and larger..... Com. wire nails, base per keg..... 3.35 Cement nails, 100 keg..... 3.35 base, carload lots being firm. Move- ment merchant bar steel remains light. this class steel, 2.25c., general. Plates The Western Pipe Steel Co. has booked 51-in. welded steel pipe line for Los Angeles, calling for 640 tons plates. Bids are being taken 250 tons for open lighter for the Puget Sound Navy Yard. award has yet been made 1300 tons for 30-in. welded steel pipe line Chelan, Wash. Prices range from 2.05c., 2.15c., c.i.f. Shapes Among the structural shape awards were 787 tons for bridge over the Feather River Oulga, Cal., booked the Moore Dry Dock Co., 500 tons for packing plant Honolulu for Libby, McNeil Libby, awarded unnamed interest, and 365 tons for bridge over the Russian River, Jenner, Cal., placed with the Pacific Coast Engineering Co. Bids have been opened 600 tons for two bridges for the Western Pacific Co., San Francisco, 315 tons for bridge over the Puyallup River near Tacoma and 240 tons for bridge over the Southern Pacific tracks Felton, Cal. Plain material firm Cast Iron Pipe Demand for cast iron pipe has im- proved. The American Cast Iron Pipe Co. secured 700 tons for Olympia, Wash., and 100 tons and 8-in. Class 150 pipe for Sumner, Wash. The Pacific States Cast Iron Pipe Co. took 124 tons and 6-in. Class 150 pipe for Chehalis, Wash. The United States Pipe Co. was awarded 404 tons 12-in. Class pipe for Bremerton, Wash., and 1158 tons 6-in. Class 150 and and 20-in. Class pipe for the East Municipal Utility District, Oak- land. Portland placed 696 tons 24-in. Class tons 20-in. Class and 1150 tons and 30-in. Class pipe with Wood Co., the American Cast Iron Pipe Co. and the United States Pipe Foundry Co., Vancouver, C., will open bids Feb. 1398 tons and 8-in. Classes and pipe. Aberdeen, Wash., will open bids Jan. 233 tons 8-in. Class pipe. Steel Pipe The Associated Oil Co. has placed 346—The Iron Age, January 22, 1931 pipe with the Youngstown Sheet Tube Co. The Southern Fuel Co., Los Angeles, will start the construc- tion gas pipe line from Kettle- man Hills Los Angeles April. This project will require 49,000 tons 26-in. pipe. BUFFALO UFFALO, Jan. 20.—Sales pig iron this territory during the past week totaled only 2500 3000 tons. Most the business was carload lots. Furnace men not look for any considerable business the re- mainder the month. Very little Buffalo iron going the East be- cause furnaces here appear ad- hering $16 No. and No. delivered basis than that quoted Eastern furnace and Southern pro- ducers. Prices per gross ton, furnace: No. fdy., sil. 1.75 No.. fdy., sil. 2.26 18.00 No. fdy., 3.75 19.00 Malleable, sil. 2.25.......... 18.00 Lake Superior charcoal......... Finished Steel The Lackawanna plant the Beth- lehem Steel Co. now operating open-hearths, and there some likeli- hood additional operation the end the The Donner plant the Republic Steel Corpn. operat- ing two open-hearths; Wickwire- Spencer, two, and Gould Coupler, onc. The Seneca Iron Steel Co. operat- ing approximately, per cent. Several reinforcing bar jobs are being figured. The bars for the new Ridge Road viaduct Lackawanna, amount- ing 150 tons, have been awarded. Old Material There little buying scrap this territory. few sales stove plate are recorded, but little else. The largest consumer has lifted its suspension slightly and taking quota all grades. Two other consumers are taking No. heavy melting steel. The market for most grades material has softened fur- ther. There practically market for cast iron borings, and the most Niagara Falls consumer has been of- Warehouse Prices, f.o.b. Buffalo Base per Lb. Plates and struc. shapes.......... Cold-rolled strip 3 Black sheets (No. 20c. Blue sheets (No. 10)...... Com. wire nails, base per keg..... $2.60 Black wire, base per 100 3.20 Track Material The Southern Pacific Co., San has placed 56,000 tons 110-lb. rail and 7764 tons 130-lb. rails, dividing the tonnage equally among the Colorado Fuel Iron Co., the United States Steel Corpn., and the Bethlehem Steel Corpn. Further Slight Gain Operations Bethlehem Steel Co. Plant fering $7. There slight strengthening knuckles and cou- plers, coil and leaf springs and rolled steel wheels, account stronger market Pittsburgh for these mate- rials. Prices per gross ton, Buffalo con- sumers’ plants: Basic Open-Hearth Grades: heavy melting scrap. 9.00to 9.5 11.00 Hydraul. comp. sheets..... 9.00to 9.50 Hand bundled sheets...... 8.00to Drop forge flashings...... 9.00to 9.50 Hvy. steel axle turnings... 11.00 Machine shop turnings.... 5.50to 6.00 No. railroad wrought... 9.00to 9.50 Acid Open-Hearth Grades: Knuckles and couplers.... 14.00 Coil and leaf springs..... 3.50 to 14.00 Rolled steel wheels....... 13.50 to 14.00 Low phos. billet and bloom Electric Furnace Grades: Short shov. steel 9.00 Blast Furnace Grades: Short mixed borings and Cast iron borings......... 6.00to 6.50 6.00 Rolling Mill Grades: Cupola Grades: No. machinery cast..... 11.00 Locomotive grate bars.... 9.25 Steel rails, ft. and under 15.50 Cast iron carwheels...... 13.50 Malleable Grades: 12.00 Agricultural 12.00 Special Grades: Chemical borings ........ 10.00 Canada Canadian National Orders 30,000 Tons Rails ORONTO, Jan. 20.—With the plac- ing 30,000 tons 130-lb. rails with the Dominion Steel Coal Co., Sydney, S., the Canadian National has inaugurated its rail buying for 1931, information re- ceived from the Montreal offices the railroad. Instructions been passed Sydney proceed with rolling operations. The Sydney steel plant will also roll 1700 tons steel axles for cars recently placed the Canadian National with the Eastern Car Co. Trenton, Pig New business this market, while still running light, said im- 7 7 | 7 7 | proving. Forward delivery buying restricted, but there better vol- ume spot orders. Sales for the week totaled about 800 tons. sani- tary ware manufacturer issued in- quiry for 500 tons for early delivery. Only four the furnaces Can- ada are blast. Iron prices are un- changed. Prices per gross ton: Delivered Toronto No. fdy., sil. 2.25 2.75 No. fdy., sil. 1.75 2.25 Malleable Delivered Montreal No. fdy., sil. 2.25 2.75 No. fdy., sil. 1.75 2.25 Malleable Structural Steel Both current and prospective busi- ness increasing volume. While sales for the week were mostly lots under 500 tons, total orders reached satisfactory level. better demand springing for building construc- tion, but bridge work continues the chief support the market. Old Material The demand for scrap picking slowly. Sales for the week were slightly better than for several weeks past, but the improvement ‘was due almost exclusively the fact that consumers are out supplies and are ordering for immediate needs. Fu- ture buying small, but better ton- nages are involved spot sales. Prices are unchanged. Dealers’ buying prices for old material: Per Gross Ton Toronto Montreal Heavy melting steel Rails, scrap No. wrought Machine shop turnings... Boiler plate Heavy axle turnings Cast borings Steel borings Wrought pipe Steel axles Axles, wrought iron No. machinery cast.... Stove plate Standard carwheels Malleable 10.00 8.00 8.50 8.00 No. mach’ry cast Stove plate Standard carwheels Malleable scrap.. Detroit Scrap Market Has Stronger Tone DETROIT, Jan. 20.—The scrap mar- ket developed slightly stronger tone the past week, with the result that four items gained 25c. though heavy melting steel un- changed, anticipated that the first buying the part consumers likely establish prices higher level. Dealers’ buying prices per gross ton, cars, Detroit: Hvy. melting steel Borings and short turnings Long turnings No. machinery cast..... Automotive cast Hydraul. comp. Stove plate New No. busheling Old No. busheling Sheet clippings Flashings $9.50 $10.00 5.50 to 6.00 4.50 to 5.00 10.50 11.50to 12.00 9.50to 10.00 .25 8.00 3.50 to 6.25 to 7.75 CINCINNATI Jan, for pig iron this district has settled back the sluggishness that prevailed during the latter half 1930. New business the past week, totaling about 2300 tons, was placed quantities cover immediate needs melters. Inquiry, too, has slackened and, except for request for quotations 500 tons North- ern foundry iron from Ohio buyer, the trade without sizable inquiry. District foundries continue operate short time, with the melt normal. Prices per Ala. fdy., sil. 1.75 2.25. Ala. fdy., sil. 2.25 2.75.. Tenn. fdy., sil. 1.75 2.25. Ohio silvery, per gross ton, deliv’d Cincinnati: $14.19 $14.69 14.69 24.39 Freight rates, $1.89 from Ironton and Jackson, Ohio; $3.69 from Birmingham. Finished Steel Fresh sheet bookings cover virtu- ally all the consuming fields except building, where galvanized sheets are not attracting noticeable demand. Operations hover around per cent. Old Material The scrap market continues without feature. Dealers are buying conservatively. large amount the Pig Iron Prices Buffalo 1930 THE IRON AGE Jan. 1931, page 130, monthly average furnace prices for No. Buffalo pig iron for distant delivery 1930 were inad- vertently published instead average prices for local shipment. Average prices the Buffalo district 1930 were follows: No, Foundry Pig Iron Buffalo Furnace Gross Ton, 1930 Year’s average $18.29 Ironsides Co. Sponsors Research Battelle Battelle Memorial Institute, Colum- bus, Ohio, announces the establish- ment the institute research project sponsored the Ironsides Columbus, which has for yr. been engaged the manufacture spe- cial lubricants. This project will consist fun- respect metal drawing and its Mill Operations About Per —Pig Iron Demand Slow Warehouse Prices, Cincinnati Base per Plates and struc. shapes... Bars, soft steel iron New billet bars.... Rail steel bars Cold-fin. rounds and hex.. Squares Black (No. 24). Galvanized sheets (No. 24) Structural rivets Small rivets Com. wire nails, base per keg kegs more).. Cement c’t’d nails, base 100 lb. keg Chain, per 100 per cent list $3.00 Net per 100 Ft. Lap-welded steel boiler tubes, 2-in. 4-in. Seamless steel boiler 2-in.. material bought has put stock. Dealers’ buying prices per gross ton, cars, Cincinnati: Heavy melting steel rails for melting.... Loose sheet clippings Bundled sheets Cast iren borings Machine shop turnings. No. busheling No. busheling tails for rolling No. locomotive tires No. railroad wrought... Short rails Cast iron carwheels No. machinery cast No. railroad cast Burnt cast Stove plate Brake shoes Agricultural malleable proper application modern prac- tices. Dr. Robert Williams, specialist colloidal chemistry with wide ex- perience this field, joined the insti- tute staff Jan. 1931. will charge this program research work under the direction Dr. Russell, chief physicist the in- stitute. Republic Denies Reports Executive Changes changes are made the personnel the executive manage- ment the Republic Steel Corpn., ber the executive committee the company representing holder interests. The statement was denial recently published reports impending changes the com- pany’s official family. was said that action this kind has been consid- ered contemplated. Keystone Steel Wire Co., Peoria, operated December without single lost-time accident. This per- formance stands record the safety program the company. The Iron Age, January 22, 1931—347 2.95 4.00 to 4.50 x; = March ...... 18.50 ....... 18.50 Semi-Finished Steel, Raw Materials, Bolts and Rivets Mill Prices Semi-Finished Steel Billets and Blooms Per Gross Ton Rerolling, 4-in. and under 10-in., Pitts- Rerolling, 4-in. and under 10-in., Youngs- Rerolling, 4-in. and under 10-in., Cleve- Rerolling, 4-in. and under 10-in., Chicago 82.00 Forging quality, Pittsburgh.............. 36.00 Ores Lake Superior Ores, Delivered Lower Lake Ports Per Gross Ton Old range Bessemer, 61.50% iron..... Old range non-Bessemer, 51.50% iron...... 4.65 Mesabi Bessemer, 4.65 Mesabi non-Bessemer, 51.50% iron......... 4.50 High phosphorus, 51.50% iron 4.40 Foreign Ore, Baltimore Per Unit Iron ore low phos., copper free, .55 58% iron dry Spanish Algeria. .8c. 9c. Iron ore, low phos., Swedish, average 68% Iron ore, basic foundry, Swedish, aver- 9.00c. Manganese ore, washed 52% manganese, Manganese ore, African Indian, Manganese ore, Brazilian, Tungsten ore, high grade, per unit, in . 60% concentrates $12.00 $12.25 Per Gross Ton Chrome ore, 45% crude, c.i.f. Atlan- Chrome ore, 48% crude, c.i.f. Atlan- Coke Per Net Ton Connellsville Connellsville Foundry, by-products, Ch’go ovens 8.00 Foundry, by-products, New Eng- Foundry, by-product, Newark Jersey City, delivered.......... 9.00 9.40 Foundry, by-product, Phila....... 9.00 Foundry, Birmingham............. 5.00 Foundry, by-product, St. Louis Foundry by-prod., del’d St. 9.00 Coal Per Net Ton Mine run steam coal, f.o.b. Pa. Mine run coking coal, f.o.b. Pa. Gas coal, %-in., f.o.b. Pa. mines.. 1.80 Mine run gas coal, Pa. mines 1.50to 1.60 Steam slack, Pa. mines.. -65 Gas slack, Pa. mines.... 1.15 Sheet Bars (Open Hearth Bessemer) Per Gross Ton $30.00 80.00 in. in. and under in. in.) Per Gross Prices Raw Material Ferromanganese Per Gross Ton Domestic, 80%, seaboard........$80.00 $85.00 Foreign, 80%, Atlantic Gulf port, duty paid ......... 00.00 Spiegeleisen Per Gross Ton Furnace Electric Ferrosilicon Per Gross Ton Delivered Per Gross Ton Per Gross Ton Furnace Furnace Bessemer Ferrosilicon Jackson County, Ohio, Furnace Per Gross Ton Per Gross Ton Silvery Iron Jackson County, Ohio, Furnace Per Gross Ton Per Gross Ton Delivered prices Chicago are about 50c. ton below this schedule. Other Ferroalloys Ferrotungsten, per contained metal Ferrotungsten, less 1.25 Ferrochromium, carbon and up, 70% Cr., per lb. contained Cr. Ferrochromium, carbon..... 17.00c. 17.50c. Ferrochromium, carbon..... 19.00c. 20.00c. Ferrochromium, 0.10% 26.00c. Ferrovanadium, per contained vana- Ferrocarbontitanium, 18%, per net ton, f.0.b. furnace, carloads........ $160.00 Ferrophosphorus, electric blast furnace carloads, 18%, Rockdale, Tenn., base per gross $91.00 Ferrophosphorus, electric 24%, f.o.b. An- niston, Ala., per gross $122.50 Silico-manganese, gross ton, Skelp Pittsburgh Youngstown) Per Lb. Sheared ....... Wire Rods (Common soft, base) Per Gross Ton Fluxes and Refractories Fluorspar Per Net Ton Domestic, 85% and over calcium fluoride, not over silicon, gravel, f.o.b. Illinois and Kentucky No. lump, Illinois and Kentucky mines.. 20.00 Foreign, 85% calcium fluoride, not over silicon, c.if. Atlantic port, duty Domestic, No. bulk, 98% fluoride, not over 244% silicon, Illinois and Kentucky 32.50 Fire Clay Brick Per 1000 f.0.b. Works High-Heat Intermediate Duty Brick Heavy Duty Brick Pennsylvania $46.00 $35.00 $38.00 New Jersey..... 50.00 65.00 Ground fireclay, 7.00 Silica Brick Per 1000 f.0.b. Works 50.00 Silica clay, per ton..... $8.50 10.00 Magnesite Brick Per Net Ton f.o.b. Baltimore and Grain magnesite, f.o.b. Baltimore and Chrome Brick Per Net Ton Mill Prices Bolts, Nuts, Rivets and Set Screws Bolts and Nuts (F.o.b. Pittsburgh, Cleveland, Birmingham Chicago) Per Cent Off List Plow bolts, Nos. and heads........ Hot-pressed nuts, blank tapped, square....73 Hot-pressed nuts, blank tapped, C.p.c. and square hex. nuts, blank 7.00c. 6.75c. per Ib. off list Chicago, New York and Pittsburgh. +Bolts with rolled thread and including in. in. take per cent lower list prices. 348—The Iron Age, January 22, 1931 Bolts and Nuts Per Cent Off Semi-finished hexagon Semi-finished hexagon castellated nuts, S.A.E. Stove bolts packages, P’gh....80, 10, and Stove bolts packages, Chicago. .80, 10, and Stove bolts packages, Cleveland.80, 10, and Stove bolts bulk, Chicago. .80, 10, 10,5 and Stove bolts bulk, Cleveland.80, 10, and Discounts per cent off bolts and nuts apply carload business with jobbers and large consumers. Large Rivets (%-in. and larger) 100 F.o.b. Pittsburgh Cleveland.. Small Rivets and smaller) Per Cent Off Last F.o.b. Cleveland .......... Cap and Set Screws (Freight allowed but not exceeding 50c. per 100 Ib. lots 200 Ib. more) Per Cent Off List Milled cap screws......... 10, and Milled standard set screws, case hardened, and Milled headless set screws, cut and Upset head cap screws, U.S.S.S. thread, and Upset hex. cap screws, S.A.E. and Upset set screws......... 80, and Mill Prices Finished Iron and Steel Products Iron and Steel Bars Soft Steel Base per Lb. F.o.b. Cleveland ...... Billet Steel Reinforcing F.o.b. P’gh mills, 40, 50, Birmingham, mill lengths. .1. 1.80c. Rail Steel F.o.b. mills, east Chicago 1.55c. F.o.b. Chicago Heights mill........ 1.60c. Iron Common iron, f.o.b. Chicago...... 1.70c. Refined iron, f.o.b. P’gh Common iron, del’d Philadelphia......... Common iron, del’d New Tank Plates Base per Lb. Structural Shapes Base per Lb. Hot-Rolled Hoops, Bands and Strips Base per Lb. Wider than in., Cooperage stock, 2.00c. Cold-Finished Steel Base per Lb. Bars, f.o.b. Pittsburgh mill............... Shafting, ground, f.o.b. mill..... *2.45c. 3.40c. Strips, deliv’d Chicago............ Fender stock, No. gage, Pittsburgh *According size. Wire Products (Carload lots, f.o.b. Pittsburgh and Cleveland.) Merchant Trade Base per Keg Standard wire $1.90 $2.00 Cement coated nails ............. 2.00 Base per Lb. Galvanized staples 2.70c. Barbed wire, galvanized........... 2.55c. Annealed fence wire.............. 2.05c. Galvanized wire, No. 2.50c. 2.60c. Woven wire fence (per net ton re- Manufacturing Trade Bright hard wire, Nos. gage. .2.20c. (Carload lots, district mills) Annealed fence wire ........ 2.30c. Bright hard wire manufacturing Anderson, Ind., mill prices are ordinarily ton over base; Duluth, Minn., and Worcester, Mass., mill ton over Pittsburgh, and Birmingham mill ton over Pittsburgh. Light Plates Base per Lb. No. 10, blue annealed, f.o.b. No. 10, blue annealed, f.o.b. Chicago dist. .2. No. 10, blue annealed, del’d Sheets Blue Annealed Base per Lb. No. 18, del’d No. 18, blue annealed, Annealed, One Pass Cold Rolled No. 24, Pittsburgh..... No. 24, Chicago dist. No. 24, del’d Philadelphia........... No. 24, f.o.b. Birmingham............ Steel Furniture Sheets Galvanized No. 24, f.o.b. Pittsburgh........... 2.90c. No. 24, f.o.b. Chicago dist. 3.10c. No. 24, del’d Cleveland....... No. 24, del’d Philadelphia........ No. 24, f.o.b. Birmingham......... Continuous Mill Sheets Tin Mill Plate No. 28, f.o.b. Pittsburgh......... No. 28, f.o.b. Chicago dist. mill.. Automobile Body Sheets Long Ternes Vitreous Stock No. 24, f.o.b. Tin Plate Base per Standard cokes, f.o.b. P’gh district Standard cokes, f.o.b. 5.10 Terne Plate Morgantown Pittsburgh) (Per Package, in.) 8-lb. coating coating I.C.$15.20 15-lb. coating I.C. 12.90 coating I.C. 16.00 20-lb. coating 14.00 coating I.C. 17.80 Alloy Steel Bars (F.o.b. maker’s mill) Alloy Quantity Bar Base, 2.65c. per Lb. No. 20, S.A.E. Series Alloy Numbers Differential 2000 Nickel).......... $0.25 2100 2500 (5% Nickel)....... 8300 Nickel Chromium....... 3400 Nickel 3.20 4100 Chromium Molybdenum (0. 0.25 0.50 4100 Chromium Molybdenum 0.40 Molybdenum) 0.70 4600 Nickel Molybdenum (0.20 Molybdenum, 1.25 1.75 Nickel) 1.05 5100 Chromium Steel (0.60 0.90 6100 Chromium Vanadium Bar........ 1.20 6100 Chromium Vanadium Spring Steel 0.95 9250 Silicon Manganese Spring Steel Rounds and 0.50 Chromium Nickel Vanadium............ 1.50 Carbon Vanadium ....... 0.95 Above prices are hot-rolled steel bars, forging quality. The differential for cold-drawn bars %c. Ib. higher, with standard classi- fication for cold-finished alloy steel bars apply- for gross ton the net price for bars the same analysis. Billets under in. carry the steel bar base. Slabs with sectional area in. over carry the billet price. Slabs with sectional area less than in. less than in. thick, regardless sectional area, take the bar price. Rails Per Gross Standard, f.o.b. Light (from billets), $4.00 Light (from rail steel), f.o.b. $2.00 Light (from billets, f.o.b. Ch’go 36.00 Track Equipment Base per Lb. Spikes, in. and Spikes, in. and larger.......... Spikes, boat and $8.00 Track bolts, steam railroads..... $3.80 4.00 Track bolts, jobbers, all sizes, per 100 count cent off list Welded Pipe Base Discounts, f.o.b. Pittsburgh District and Lorain, Ohio, Mills Butt Weld Steel Iron Inches Black Galv. Inches Black 1 to 3 64 52% ‘1% and 2 35 18 Lap Butt Weld, extra strong, plain ends Lap weld, extra strong, plain ends ‘ carloads the above discounts steel pipe are increased black one point, with sup- plementary discount 5%, and galvanized 5%. iron pipe, both black and galvanized, above discounts are increased jobbers with supplementary discount and 2 Note.—Chicago district mills have base two points less than the above discounts. Chicago delivered base points less. Freight figured from Pittsburgh, Lorain, Ohio, and Chi- cago district mills, the billing being from the point producing the lowest price destination. Boiler Tubes Base Discounts, f.o.b. Pittsburgh Steel lots carload more, the above base discounts are subject preferential two fives steel and per cent iron tubes. Smaller quantities are subject the following modifications from the base discounts: Lap Welded Steel—Under 10,000 points under base and one five; 10,000 Ib. carload, points under base and two fives. Charcoal Iron—Under 10,000 Ib., points under base; 10,000 Ib. carload, base and one five. Standard Commercial Seamless Boiler Tubes Cold Hot Rolled Beyond the above base discount discount per cent allowed carload lots. less than carloads 10,000 base dis- counts are reduced points with per cent preferential; less than 10,000 base dis- counts are reduced points, with preferen- tial. extra for lengths and including ft. Sizes smaller than in. and lighter than standard gages take the tube list and discounts. Intermediate sizes and gages not listed take price next larger outside diameter and heavier gage. Seamless Mechanical Tubing Per Cent Off List Carbon, 0.10% 0.80% base (carloads)... Carbon, 0.30% 0.40% Plus differential for lengths over ft. and for commercial exact lengths. Warehouse dis- counts lots are less than the above. The Iron Age, January 22, 1931—349 ; ok : Reports for 1929 Issued Various Products WASHINGTON, Jan. 20.—The total value wire and wire products made 1929 for sale manufacturers the United States was $884,460,174, increase 26.8 per cent, compared with $697,684,133 reported for 1927, according the Bureau the Cen- sus. the 1929 total, $284,714,383 was contributed wire and $599,- 745,791 wire products. the 3,089,278 tons plain iron and steel wire produced last year, 1,074,076 tons, valued $78,992,297, was sold. The 1927 production was 2,865,22 tons, which 801,045 tons, valued $59,553,429, was sold. The plain steel wire output last year represented increase 7.8 per cent over 1927. The 1929 production copper wire was 1,110,180,416 brass wire, 69,- 383,040 other non-ferrous wire, 54,519,594 These amounts show in- creases 41.1, 8.5 and 31.9 per cent respectively, compared with the 1927 production 786,563,653 lb. copper wire, 63,929,247 Ib. brass wire and lb. other non-ferrous wire. Based f.o.b. factory prices, the total value pumps and pumping equipment shipped delivered 1929 321 establishments was $130,029,- 719, increase 18.4 per cent, com- pared with $109,865,819 reported 278 establishments for 1927. Ship and boat building and repair- ing done 637 private yards 1929 represented value $214,312,944, increase per cent, compared with reported 559 es- tablishments for 1927. Excluding railroad repair shops, steam and electric railroads cars the value $207,392,856 were manu- factured, rebuilt and repaired 136 establishments 1929, increase 1.1 per cent, compared with $205,144,- 809 1927. Establishments engaged primarily recovering and refining secondary metals and alloys from scrap and dross reported production 1929 non-ferrous metals and alloys the value $91,820,591, factory prices. Total sales steel springs 1929 aggregated $46,171,000. Manufactur- ers sold 65.7 per cent, $30,311,000, their products direct industrial consumers. The sales wholesalers amounted 31.2 per cent, $14,386,- 000. The sales retailers were 2.4 per cent, $1,134,000, while sales through manufacturers’ wholesale branches were only 0.7 per cent, $340,000. the total sales, only 2.6 per cent, $1,186,000, was made through manufacturers’ agents, sell- ing agents, brokers and commission houses. Shipments enameled sheet-metal ware last November were 263,365 valued $1,008,047, compared with 829,337 doz., valued October, and 305,714 doz., valued $1,257,935, November, 1929, ac- Iron Age, January 22, 1931 cording reports received the Bu- reau the Census from manufac- turers, representing approximately per cent the industry. Tantalum Carbide Available for Cutting Tools Jan. 20.—Ramet, new, hard, cutting material composed tantalum carbide combined with nick- el, now production the Fan- steel Products Co., North Chicago, Ill. Ramet mounted tool shanks copper brazing. Grinding opera- tions, tool angles, life between grinds and applications types tools are most respects similar the practices common use with tung- sten-carbide cutting tools. being successfully used over plants the full range metals usually cut. has demonstrated its ability cut per cent man- ganese steel castings and such mate- rials bakelite. cuts hardened high-speed steel when 15-deg. negative rake used. The Fansteel company does not plan set the tool business, but will make the metal Ramet, and will arrange with machine-tool man- ufacturers cooperate the produc- tion and marketing complete tools under license. However, Ramet will sold any manufac- turer who wants for his own use. Simonds Sees Boom Trade Near Future Alvan Simonds, president, Si- monds Saw Steel Co., Fitchburg, Mass., discussed the possibility forestalling future depressions before joint meeting the Society In- dustrial Engineers, Taylor Society and Associated Industries Massa- chusetts the University Club, Boston, Wednesday evening, Jan. 14. The blindness business men dur- ing periods depression was attacked Mr. Simonds, who declared fre- quently during his address that busi- ness going boom the near future. the opinion,” said, “that cyclical declines business may become simply breathing spells dur- ing which producers may catch with progress making extensions and other improvements. believe that great depressions, like those 1921 and 1930, can greatly miti- gated. “We are now able forecast many months advance each cyclical swing business, and has been found that major swings the cost credit forecast many months advance major swings business activity. sufficient publicity had been given these forecasts the latter part and early 1929 probable that the severity the present de- pression might have been greatly reduced.” Reinforcing Steel Awards Larger Volume In- quiries 3700 Tons ETTINGS reinforcing steel the past week were the largest since Nov. 20, totaling 6000 tons, which 1850 tons for subway work Brooklyn. Foundations for Riker’s Island penitentiary will take 900 tons. New inquiries will add 3700 tons the work pending and include 1670 tons for bridges. Awards follow: New Conn., 520 tons, Coast Guard station, Joseph Ryerson Son, Inc, BROOKLYN, 1400 tons, subway route 107, section awarded Marcus Contract- ing Co, Igoe Brothers. 450 tons, subway route 107, section awarded Cornell Contract- ing Co. Empire Steel Products Co. New 900 tons, foundations for Riker’s Island penitentiary, awarded Carlin Construction Co. Empire Steel Products Co. STATE NEw JERSEY, 300 tons, highway route 10, section awarded Janna- rone Construction Co. Igoe Brothers. WESTCHESTER 500 tons, sewer, awarded Montrose Construction Co. Empire Steel Products Co. LACKAWANNA, Y., 150 tons, Ridge Road viaduct, local WASHINGTON, 330 tons, Army Medical School, Walter Reed Hospital, Hud- son-Dougherty Co., Washington. WASHINGTON, 194 tons, National Shrine Immaculate Conception, Concrete Steel Co. PITTSBURGH, 140 tons, High School, Metzger, Richards Co. 250 tons, bridge for Milwau- kee Road, American System Re- inforcing. DAVENPORT, Iowa, 250 tons, theater, unnamed bidder. Los 200 tons, theater, Wilshire and Western Avenues, Badt-Falk Co. Los 200 tons, church, Sixth and Commonwealth Streets, unnamed bidder. CAL., 146 tons, State hospital, Reinforcing Bars Pending Inquiries for reinforcing steel bars include the following: LANGLEY VA., 300 tons, four bar- racks, Pa., 100 tons, service station for Philadelphia Electric Co. 600 tons, Wells School. VINCENNES, 500 tons, bridge. MICHIGAN 400 tons, bridge. CARMEL, ILL., 600 tons, bridge. Rock ISLAND, ILL., 100 tons, confectionery store. Rock 100 tons, sanitarium, 169 tons, bridge over Boise River; bids Jan. 27. BERKELEY, CAL., 152 tons, Memorial Build- ing, University California; bids be- ing taken. San 450 tons, two institute buildings for city; bids Jan. 21. San 200 tons, warehouse, San- some and Vallejo Streets; sub-bids be- ing taken. | 7 7 q 4 | 7 | | 1 r- on Copper Firm—tTin Inactive Quiet—Zine Steady Jan. 20. Copper Foreign demand the backbone the market, sales having been very heavy the past week. The total thus far this month about 26,000 tons, against 11,000 tons week ago. Part this increased demand due the placing differential prices for future delivery. Metal for delivery January and February still 10.30c., usual European ports, but for March the quotation now ton higher 10.35c., with 10.40c. asked for April. Primary producers are still out the market and custom smelters are taking most the business. encouraging feature statement that consumers are quite fully speci- fying for metal contract, which would indicate that business with fab- ricators fairly good. Statistics for December, out last week, showed large decrease total stocks refined metal. Dec. the decline was 8389 tons copper above ground, which 2657 tons was the refined condition. This the first decrease refined metal since October, 1929, with blister stocks the lowest since 1923. Tin Demand for spot Straits very light, being confined small lots nearby metal from consumers who usually buy only for Large consumers, who are well cov- ered into the future, show interest forward deliveries. Prices have been practically standstill the past week and spot Straits tin quoted today New York. Lon- don prices are but little changed from week ago, with quoted £114 17s. 6d., future stand- ard £116 5s., and spot Straits £118 17s. 6d. The Singapore price to- day was £118. Stocks British ware- houses Jan. were 23,228 tons, increase for the week 464 tons. Not much heard the program curtailment, which calls for reduc- tion output approximately per cent. Lead Prices are unchanged and firm St. Louis, 4.75c., New York. Buying, which was quite heavy week ago, has subsided and confined carload and small lots for nearby de- livery. estimated that about per cent the February require- ments has been covered. Non-Ferrous Metal Markets THE PRICES. CENTS PER POUND FOR EARLY DELIVERY Jan. Lake copper, New York....... 10.12% Electrolytic copper, 9.75 4.55 *Refinery quotation; price higher Jan.19 Jan.17 Jan.16 Jan.15 Jan.14 10.12% 10.1