The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1910-07-07
Some Steel News

Through its general purchasing Of
fcer at Pittsburg. the American Bridge
company has purchased several thous- |
and dollars worth of tools to equip its
Gary fabricating shops which are now
in the course of construction south OF
Kirk yard.
Indicates Early Start.
A large part of the business is being
| furnished by Chicago machinery
house and TO judge from the size of the
| order it is evidently the intention of the
| Company to have its Gary plant IN
| operation at very early date. The
| tolls will be for the use of the machine
as we'll as the erecting shops.
The Mesta Machine Co of Pittsburg
has shipped from its West Homestead
plant a huge 400-ton mixer which will
be used in the local steel plant.
President Corey Home Tomorrow.
Considera interest is being mani
tested in steel circles about Gary on the
return of William Ellis Corey, president
| of the United States Steel corporation,
| who steps off the liner from Europe to-
| morrow afternoon Judge Gary is now
en- route to the continent having left
| on June %.
1t is expected that President Buring-
ton of the Indiana Steel company will
|
fer with Mr.. Corey who is the operating
chief of the big corporation. Some i'm
portant decisions affecting the Gary
plants are expected once that Corey
gets back to his desk
No Raise On Steel Freight.
Washington advices state that the rail-
roads in the central freight territory
Ohio, Indiana and Illinois-conunue to
file with the Interstate Commerce Com
mission schedules of advances in
freight class rates. effective August /
The average has not been compiled by
the commission as yet. as the schedules
are very bulky and numerous. One hun
, dred and fifty roads in the Central
Traffic Association, embracing territory
south from the lakes to the Ohio rover
west to Chicago and east to the sea-
, board, will. on August l, advance al
freight rates. except those on iron and
, steel, from l to 16 per cent
The railroads claim that the Inter
state Commerce Commission will not in
terfere, and justify the increase on the
ground of Increased operating costs
According to the provisions of the rail
road bill, these increases cannot becom.
y effective until their reasonableness il
a passed upon by the commission.
It NO Price Adjustment.
|. the United States Steel corporation an,
= those of the larger independent stee
> concerns that melting of the big stee
It 6nterests has been called for the pur
o pose of readjusting prices.
D. Heretofore since the bad times whicl
e developed in 1907 all such conference
e have ben called by Chairman E. H
e. Gary of the United States Steel corpora
o ton. and If it We're considered necessar
% or advisable under present circum
a stances to hold a conference on pric
} policy it is not considered likely tina
lie Mr.. Gary would have sailed for Europ
, for ten weeks sojourn as he did tn
II Steel Trade stiH Active.
er The United States Steel corporatio
le continues to operate about IS per cen
of its capacity. as it has for some tim,
which indicates that there is littl
n change in the situation with regard I
ID the consumption of steel, though it wa
le said that the orders of the last wee
IL showed some falling off This may b
n, due entirely to the approach of til
IN independence day holiday period.
a The stocks of pig iron of the Unite
i'd States Steel corporation are being re
is duced. The corporation has blown o,
no additional pig iron furnaces durin
I'd the last two weeks but the Isabel
Id furnace at Pittsburg will soon cease
ne operate, appropriation for its entire r,
a building having recently been made
is, the corporations finance committee
i'd The new business is said TO be con
n ing in at the rate Of $4,000 and 30 .0t
Cd tons a day. The demand is still acti1
in tin plates. sheets and structur;
steel. while tubes and wire products a.
- not as active as they were
or