Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-28

flushed 10000 tons of different grades OF
light and heavy fine steel, of which the
most is not surpassed by very many in this
country. Their profit was S400, 900. Shoen-
berger & Co. turned out13, 600 tons OF muck
bar and finished 50, 900 tons of iron and
steel, on which their profit was $3.50, 900.
Singer, Nimick & Co. made 5000 tons OF
dephosphorized muck iron and finished %,
600 tons Of fiLe steel, on which they had a
| profit OF $780, 900.
The next is a statement of two wrought
iron pipe firms who make about two-thiris
of their own skelp iron. There is no branch
in any part of the iron business in which
there is a greater profit than in iron pipe.
| Spang, Chalfant & Co. made 13. 700 tons OF
muck bar and turned out 10000 tons OF iron
and steel pipe. on which their profit was
$500, 200. This does not include the CON-
panv store, in which the annual sales
amount to S175,0oO.
Profits Turned i'm by Side Issues.
Then comes A. NJ. Byers s; Co. They
turned out 15, 600 tons of muck bar anu be-
sides bought muck and skelp iron, and
turned out % 600 tons of pipe. which ranges
from one-eighth of an inch to six inches in
diameter. In connection with the pipe
mill is also galvanizing department. The
profit to this firm was 100000. A very
important feature in connection herewith is
that in the last eight years there has been
very little difference in the amount turned
| out in this mill. 1t is known as the most
active In the city. and yet the firm is in the
market ali the time buying muck bar and
| pipe iron.
Now comes four OF Pittsburg's largest
firms, which are not equalled in the United
States, and of which one is now not sur
passed in the known world. The first OF
these is Park Brothers s. Co., of the Black
Diamond Steel Works. They made IL, 500
tons OF r,uck bar and finished 20, 600 tons of
steel of all kinds, on which their prof. was
| s., 600, 900. The second of these is the Oliver
Iron and Steel Company. This firm, in its
| three rolling mills, turned out 81 900 tons OF
muck iron. But that is not all. 1t leased
the Eagle Iron Works, which turned out
6, 400 tons in this year. but only 4,200 tons
since this firm had possession OF it, aud the
| finished output reached 100, 900 tons of iron
| and steel. About IT, 600 tons of old nails
were reworked, and raw steel was made in
the firms Clapp-Grifith converter The
| firm also bought a great deal of muck iron.
Its profit, which is rather low, is 81 500, 900.
One of the Signs of Prosperity.
The great success of this firm in paving
its large Indebtedness during a most critical
period of tie iron and steel business shows
plainly what profit there is, or was, in the
iron and steel trade. In the years
that the firm cleared and paid over a
million and half with interest,
it made $4,000 tons; in the year 1887
itreached 900 tons; in 1888 10000 tons
were finished, making i'll all 90, 900 tons
from which the debts were paid. The
amount finished last year is about the same
as in this. Jones u Laughlins, of the
American Iron Works, come next Fifty
| thousand tons of muck bar were turned out
| here, and the amount OF iron and steel
| finished reached 10000 tons. The profit
was s., 400, 900. But this does not include
the gain in the firms mammoth store, in
which the sales annually amount to
iully $500, 900. The fourth concern, which
now leads the world; is that of Carnegie
Brothers and Carnegie, Phipps & Co. In
their two Pittsburg mills. where there are
81 pudding furnaces, the output of muck
iron was Al, 600 tons, which was probably
abont ], 900 tons less than last year. But
the finished output this year was greater
than ever. 1t reached $50, tons, which
is more than one-third of the entire amount
made In Allegheny county, exclusive of
CHARTERS and McKeesport. Their profit
was fully Is, ,000. 900. --.
One Mill Where Things Are Different
This firm has almost no profit in its mill
at Twenty-ninth street. With the improve
ments that were made In the last four years
and or which some are now in progress, the
plant is worth at least s., 000, 900, the lawful
interest on which would be S6O, 900 a wear,
The finished output for this year will only
go little over 10000 tons, on which the
profit of nearly one-half such as railway car
supplies cannot be placed above 50 a ton.
The cost to make ton is not less than $40,
m AZ
metal at SIG so, and the selling price of the
various finished grades is ottener below than
above cents pound.
These firms all make puddled iron, ex-
cepting those in the two places stated above.
The total therein shows 800, 100 tons of muck
iron. Last year this amount reached 472. 800
tons, difference of 27.300 more tons tor this
year, in which these firms finished ], 263. 900
tons o. iron and steel. -,
Big Manufacturers of Steel Only.
The last statement is the amount made bv
firm who make no puddied iron, and all ex-
cepting one manufacture steel only. The
Linden Steel Works turned out 20, 600 tons,
on which the profit was S400, 900. The Cres.
cent Steel Works of Miller, Metcaif, Par
kin & Co., which has always been known TO
turn out the best and finest steel In the
world, finished 5000 tons, on which the
profit was $500, 900. The amount finished
in La Belle Steel Mill was $500 tons, on
which there was profit of $3.50, ,OOO The
Spang Steel and Iron Works never sur
passed its record of this year. The output
was 10000 tons, on which there was profit
of $780, 900, The Glendon Spike Works of
Dilworth, Porter & Co., turned out %. 600
tons of railroad spikes, with a profit of
SI25,OO
Now comes statement of two pipe mills,
for which every ton of pipe irpn has to be
bought. The Pittsburg Tube Works turned
out $4,000 tons. on which there was profit
OF S450,O00 The Pennsylvania Tube Works
made 10000 tons, and its profit was very
near $4,000, 900; making grand totai of
1,43S, 500 tons.