The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1911-08-25
are named in Pittsburg reports al
showing closer competition.
Demand for Rafls Spasn.odtc


Demand for Rails Spasmollic
| THE demand for rails is spasmodic.
but the orders in hand for this year
promise better rolling schedules tina
has been commonly known The Enslev
mill has little open space for the next
four months. This week it reports
contract of 22,050 tons with the South
| ern railway. At Gary the outlook for
railway tonnage is not as promising
I'm the structural trade developments
have been favorable. For the New
York Central terminal, New York 5000
tons have been placed with the Ameri-
can Bridge company, which also has
the 1000 tons for the Ritz-Carlton
hotel IN Philadelphia. At it's eastern
plants this company is now working %
per cent of capacity. and work in hand
Will keep all it's shops busy a their
present rate for nearly six months. The
Thompson Starrett company has the
general contract for the Field museum
lat Chicago. 5000 to 10000 tons Pend
ing bushes includes 5000 tons of
bridges for the Boston and Albany A.
600 tons for the Aeolian building, New
York. and 5000 tons for the new post
office at Washington, .. c."
Prise Cutting Draws Attention.
Cleveland, o. Aug. 24.-The Iron
Trade Review today will say:
The melt is increasing. but the new
business is light, and prices do not ad-
vance The Standard Sanitary Manu-
featuring company purchased about
1900 tons of foundry grades for fourth
quarter delivery
United states Steel.
The following was wired from New
York
With the operations of the steel
mills running on the average of rs per
cent of capacity. conservative steel
men. while hopeful of further improve
ment. say that they will be satisfied If |
the present rate of production is main |
tanned for the rest of the year.
While it Is not believed that the
new business of the steel corporation
in August will run quite so heavy as
in July. IT Is estimated that it will !
easily reach over $4,000 tons day. and i
that there will be another gain in I'M
hlled tonnage at the end of the month /
even though small one. If business
keeps up at the current rate, the finish
ed steel production of the steel corpora
ton for 1911 should approximate that
of 1910, although 1t will have been dis
than the ge of the previous year
One or two of the Independent com
panies. notably the Republic Iron &
Steel, which has been operating at 80
per cent of capacity. have been getting
4 relatively larger share Of the busi-
ness than has the United States Steel
corporation, and as far as domestic
business is concerned. practically all
the independents have been doing as
we'll as the steel corporation But the
larger company, 1t is TO be remembered
has been getting very large export
business, estimated at between 20 and
IS per cent of its ORDERS
other steel Notes
Total equipment recently ordered by
he Frisco system includes $500 refrig-
orator cars, 81 passenger ears and ESQ
lat cars from the American Car &
Foundry Company. and 40 locomotives.
half from the Baldwin Locomotive
Company
The Southern Railway In addition to
he 22.050 tons OF steel. rails recently II
ordered from the Tennessee Coal & Iron
company. has placed an order for $500
ons with the Cambria Steel Company.
The Pennsylvania Railroad has
'warded contracts for $50 steel freight
ars 10 the Pressed Steel Car Company.
The Frisco system has orlered 400
ons OF steel mills from the Pennsyl-
'ania Steel COMPANY
Officials of the United states steel
corporation are confident there will he
10 change In the present common d.
idend rate. They hold that dividends
ave been held on average operations
I 90 per cent and that production will
ave to drop pretty far from the pres
mt level in order to endanger current
ayments.
Contracts for rails officially closed by
ne subsidiaries of the United States
teel Corporation include the 2eO5o-ton
rider from the Southern Railway with
he Tennessee Coal and Iron Company.
473 tons miscellaneous by the Illinois
teel Company and 135 tons by the +
arnegfe Steel Company. fair ton +
age OF rails is pending and the EXPORT