Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1909-10-01

50 per cent. of capacity. This is the
largest capacity active in several years
1t is understood today that the Stand
ard Steel Car company of Pittsburg is
negotiating with the creditors commit
tee Of the South Baltimore Steel Car
and Foundry company for the purchase
or the big car building plant on Curtis
bay. The South Baltimore Steel Car
and Foundry company is one of Balti-
more's most important industries Re
Gently the plant and other assets of the
company were sold at foreclosure 10 sat
lsfy claims of creditors aggregating ST.,
100000.
The Iron Trade Review notes the fact
that the mills are steadily failing fur
ther behind in their deliveries. and that
in the making of contracts buyers are
more anxious than sellers.
Steel rail purchases have been the
leading feature of the markets during
the past week, says the Iron Age, the
total figuring up close to 100000 tons
The same publication remarks that
shortage in steel billets is developing.
d. NJ. Coffin of New York, represent
ing a syndicate of capitalists, has Sc
cured the plant of the Tidewater Steel
company at Chester, Pa, which went
into receivership two years ago. The
plant was knocked down to Coffin after
an hours spirited bidding for $305, 100,
SS5.OOO above the appraisement price.
The new owners will put the plant in
operation as soon as possible.
dispatch from Pittsburg says that
In Ff.V-rn nsYsa a<,..
ders for delivery prior to the middle of
November, and other large steel interests
in the district are behind three to four
months in orders now specified against on
their books, the present situation
amounts substantially to the fixing of
higher price minimums Although the
Carnegie company has not as yet booked
any reservations of steel rails for 1910.
several of the eastern roads are almost
ready to place a considerable tonnage
for winter rolling.
The steel mill announced some time
ago to be built at Butler, Pa, in connec-
ton with the plant there will be equipped
for rolling plates and shapes, in addition
to the six sixty-ton open-hearth furnaces
planned. In addition, the plant at Ell
wood City, operated by the Steel Car
Forge company, subsidiary. is TO bc en-
larged, ground having been purchased for
tne new addltlonS.
The Pittsburg correspondent of Wall
Street Summary says: 1T has become
common talk in the trade that the
finished steel market may experience one
of the dangers of an open situation that
of prices being forced too high. In 1905
6-T the advancing tendency was held in
check, and while many have not taken
such statements seriously, the steel pro-
tPoH 10 ic "a ho
riously and insists that III the next few
months the trade will need a price re-
straint policy as badly as it felt the need
of a price maintenance policy last year.
1t should be said that these observations
represent only the attitude If the finished
steel producing trade"
The Carnegie Steel company. Pitts
burg, on Tuesday closed for one of the
largest pig iron orders in two years and
at the highest price in eighteen months.
when it contracted with the Bessemer
Pig Iron association for 10000 tons Bes-
semer at ST. This, coming on the heels
of 20,OO0ton order of Bessemer at ST.
a ton makes the biggest week in pig
iron in perhaps two years. 1t means a
cash expenditure of about $1,020,000 for
iron for the steel mills which are being
crowded with orders.
Pig iron manufacturers are of the
opinion that the Importation of that
product will not be possible for some
time. In spite of the lower duty, they
say, domestic pig iron will reach be-
tween $40 and $21 before it will be pos
sible TO import pig iron in competition
with the home product. Hence there is
three or four dollars leeway before there
can be any serious consideration of the
subject.
\ Hazleton, Pa, dispatch says that
the Harleigh colliery, which has been
idle for period of twenty-five years.
VIII resume operations within a week.
According to the report up to Septem-
Der ! of the committee on car efficiency
of the American Railway association,
the idle railroad equipment is less than
one-half that reported on the correspond
ing date last year. 1t is confidently ex-
pected IN railroad circles that the sur
plusage of cars will be completely wiped
out within a month.
recent London report is that consid-
cradle interest has been excited on the
northeast coast by the arrival of con
slgnment of German steel ship plates in
Sunderland to the order of a shipbuild-
ing firm. The consignment is the first of
two which have been ordered by w
Doxford q Sons, Limited of Pallion.
who have lately booked quite a number
of orders for new steamers
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Eleven Words Per Second.
NJ. Pollak and Henry Franklin-B ouil-