The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-05

roH'c biIHlidT IcdtuTes, Iunudf1entdl COn-
ditions to-day differ from rhose that
shaped events in 1889 and 1890.
Crude INC finished steel to-day com-
higher prices han at any time in
the history of the country. but there
many finished forms of steel which
are far below maximum quotations In
years. The tendency. however.
Ia sharply upward. Wire rods sold a
few days 9 at $42 tidewater and n
large tonnage could be sold at $50 for
export. as already noted. In 1890 rods
sold as high as sac in 1887 the next
price Of record was secs Z. o. b.
mill. ingots and billets to-day are also
selling at record breaking prices. but
there Is a very wide range. as much as
$40 per ton. In 1900 besscmer billets
sold close to s3j per ton In 1893 the
price recorded was s3s.75. II
IL difficult to obtain comparative prices
OF ingots and blooms In previous years,
but these products are selling to-day as
high as or wen higher than billets. a
most extraordinary event. Steel making
pig iron to-day is 81 to IS per ton below
the maximum prices current in 1907.
1t will be recalled that about ten days
ago mention was made OF the fact that
British. Canadian and American inter-
ests were seeking TO secure iron and
steel making plants In the United states,
the intention being to organize "the In
te~ruational steel Company" Whatever
may eventually be the name OF the or
sanizltion. II is evident that neGotia-
lions ar" most active and for some
plants there is considerable competi-
ton. According to reports circulated
yesterday. four different interests are
~endeavoring 10 secure possession of the
New York State Steel Company. one
New York flnaucier. who has operated
the Buffalo River plant. near Buffalo.
Gays that II will require a million dol
lars and from six months 10 one year
10 put this plant into effective working
condition. Il would be possible. however.
to turn out ingo;s IN n much shorter
time. sixty days would be required for
refining the blast furnace. The plant
has a capacity of 10000 tons ~ irgots.
Apparently the exp nditurc or moncy Is
Il secondary consideration. More steel
must bc obtained to meet the pressing
requirements OF the allied Governments.
other steel plants which are being ac-
lively sought and which arc Alluded TO
more or less frequently are those OF the
Thomas Iron Company, I'll" Wharton
Steel Company, tho Eastern steel Com
panv and now the Empire Iron and steel
Company. The Canadian car and lnin-
dry Company is mentioned as ono 90 IN"
possiblo purchasers at least u. some Of
these p.au's. other interests are SAID to
be negotiating for control Of tho Car
bon steel Company. WIN the exception
OF the New York steel Company all OF
these plants are located In Pennsylvania
and New Jersey. l. IS rumored that tho
New Jersey X!nc Company Is DESTROYS
~ securing tho blast furnaces OF the
Carbon St,cl Company.
- a.. ,.-lA..aAt sfaN 80 No I "
CAPITALISTS have been looking over the
ground. but tho options are being Sc
cured through attorneys. tho names %
the principals being kept in the back
ground.
Railroads on the Pacific coast n in
the ceutral West have placed additional
contracts for standard section rails win
Chicago aud Tittsburg mills for 1915 ship
mont. In the aggregate between li"'oog
and 200. 600 tons have been purchased
since tho placing 81 contracts Tor l'o'"ou
tons bv tho Pennsylvania Railroad, De-
tails. however, arc not yet available
Tho Southern Railway has come into
tho market for y bridge to be con-
structed Wet tho Euoree FGN"r. Gazing
for 200 tons OF structural steel The
INDStnn MN Nltllt INi4Al n hA'<'
4, contract for 1900 tons OF bridge work
among three independent fahricators. IN
Guiding the Phoenix Bridge Company
Fort Fit Bridge Company II another
shop not mentioned specifically. The
hulk Of the business went 10 the Ph6niA
Rridp n Lehigh Valley
Railroad Is IN the market for 500 tons
Of bridge work n the Central Rail
road Of New Jersey for 500 tons. The
t,--.l a. ShAr htl1 ~
rye small spans, calling for $50 tons
BIDS have also been rendered TO the
R.lt,mor. and Ohio Railroad for a pier
shed 10 be constructed NJ Pier q. East
River, calling for 400 tons OF steel
shapes.
n Minneapolis and 81. Louis Rail
road has placed an order for five Mkado
locomotives and the Chicago River and
Indiana RAILROAD has ordered one
switching engine from tho American 10
comotive Company. The Baldwin com,
pany has taken orders for six additional
locomotives, including two for this
Sumpter Valley Railroad. one for the
port Huron and Southern Railroad. tive
for the United Steel Company OF Canton
Ohio, and one for tho Walterboro Lum'
her The Georgia Southern
| and Florida In In the market for tive
| passenger cars and two passenger loco
motives. THIS road Is also expected &c
purchase $50 steel gondola cars and 37'
steel underframe box cars. Tho Min
| u,a,olis and st outs Railroad has or
| dcrcd 500 box cars from the BettendorI
ANle Company. the Santa rs has ordered
400 freight cars from the Haskell &
Barker Car Company and the Louis
Vile and Nashville has ordered 400 stee
underfra mes from the Pressed Steel Ca
Company In addition 20 tho 1000 10,
cars and 400 gondola cars which It viii
construct at its wi shops, Tho Ten
neesce, Alabama and Georgia Is ex
pectcd to buy forty 40 nifty all stee
| cars and the Bingham and Garfield Il
taking prices on twenty-five gondols
cars, Tho recent inquiry, previousl,
noted. from the Delaware. ~Iackawanni
and Western includes 1000 steel under
frame box cars. 900 Gondola cars snC
900 hopper cars,
Among the fabricated structural stee
contracts placed yesterday were 90
tons for ali additional extension TO tn
Winchester Repeating Arms Company n
New Haven. awarded TO Lewis II, Shoe
maker & Co. 1875 tons for tho Aluminium
Company OF America plant at Mary
vile. Tenn, placed with MtCllntic
Marshall Construction Company; %
tons for a high school Mt Marion, Ohio
and 240 tons for the Minneapolis Gen
eral Electric Company. awarded 10 tn
Minneapolis Steel and Wire Company.
Custom House Receipts,
The total receipts for duties AZ IN,
Custom House yesterday wero s744,