The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-20
STEEL MILL CAPACITY
BELOW GREAT NEEDS
New Midvale Company AL
ready Arranging for Plant
Enlargement.

The Midvale Steel and Ordnance COM
| pany has come into the market for $50
tons of fabricated structural steel for a
machine shop. This Is n more indiHa-
tion that plant capacity Of the steel mills
Is entirely Inadequate to meet the tre-
mendous demand for all kinds of products
which continues to come from all quar-
tiers OF the globe. The continued buying
Of steel for war munitions whenever
possible Is now supplemented by a., un-
precedented demand from domestic con-
sumers, mons whom tho railroad COM
panies are most prominent.
The Colorado Fuel and Iron Company
Is reported to a taken another large
contract for round steel bars for export
to Great britain and France by way OF
the Pacific coast. The order was placed
by j. L. Morgan 4 Co.. who are said to
have secured the extraordinarily how
price OF &c. a pound Z. o. b.. mill that Is.
the price In low compared with prices
now being demanded and obtained In the
Eastern n Pittsburg districts, but of
course from n profit standpoint 1t Is a
satisfactory sale 1t Ia understood that
about $4,000 tons vera secured. The
Pueblo mill IL said TO have taken steel
war orders asgregating between $1,000
hitu AVV,VVV tOTS.
The growing scarcity Of steel. not
withstanding tho unprecedented output
and widespread activities to increase
that capacity. Is being reflected In the
purchase of cast iron a wheels by rail-
rad companies. In addition TO the 1O0.-
600 wheels for the New York Central.
which will be furnished by the National
Car Wheel Company of Rochester. ncxo-
t~iations continue or $4,000 to 100000
more wheels In several lots The Penn
sylvania Railroad Company Il said TO
be negotiating for $4,000 steel car
wheels. but may and II necessary to &C
cept chilled iron wheels for at least q
portion OF the reauirements-
The increased demand for railroad
equipment Is being reflected in the
larger contracts placed for malleable
pig iron and tho more urgent inquiries
in the market. 1t is significant that
malleable foundry iron in Buffalo Is
selling at SIS a ton. or 81 a ton above
the price prevailing for No. 2 X foundry.
Car wheel manufacturer can Use a low
phosphorus. low silicon foundry pig iron.
which may be considered in the NAL
leable class. although It is not purchased
as malleable iron. A similar iron Is
made in Virginia from low phosphorus
dilu nlIn Iltnk dutst ORC, put charcoal
iron Is generally used for wheel making
when ii can be obtained at as reasonable
prices as are current to-day.
h Central Foundry Company has
put out an inquiry for about 5000 tons
OF several different grades Of foundry
iron for shipment over the irst half Of
1916. II is expected. however. that pur-
chases will be much heavier. the onnag
- - .A l~A .~~ A. l.-. .A
United. Another contract for about 500
tons Of foundry iron was placed by an
Eastern consumer yesterday for delivery
over the entire year Of 1916. The de-
mand for low phosphorus iron continues
, pressing n some small sales were
n..te yesterday for export to South
America. Prices are strong at the re-
cent advance.
The Southern Railway has placed q
contract for bridge work. calling for
$50 tons Of structural steel, with an In
dependent fabricator. n the Chesa-
peake and Ohio Railroad has awarded
"A contract for zoo tons OF bridge work
10 the Mount Vernon Bridge Company.
The Seneca Falls Manufacturing Com
pany has placed an order for a factory
building. calling for 500 tons Of shapes.
with "A Western fabricator. The principal
. llfN INJURY Nl4hN slll llll' lll' ltlfl v
Yesterday was the Mexican street pier
for the city OF Philadelphia. calling for
5000 tons OF structural shapes. Tenders
will be received December 6. The con-
tract for Marrow Bros. factory on L.on
Island, calling for 400 tons OF steel. has
gone to the Hinkle Iron Works.
The pressing demand for n~ceanGoIng
ships il reflected in the rehabilitation OF
,h. n'l Shn,.a~ Island hltnf The Sf1ni-
ard Shipbuilding Company, with a capt.
tai OF $4,000. 900. has recently been
granted a charter by New York State.
The promoters have acquired Shooters
Island. which Is located between Staten
Island and Bayonne, y. j. Capitalists
Interested In oil. lumber and coal are
said TO he interested In the new COM
pany. Wallace Downey, a ship broker
OF New York city. 1t is expected. will be
one OF the managing officials. Among
tho directors. II Is said, will he Herbert
A.. Ayers. william B. Coolidge Morse,
Col. Moses Schoenberger. Herman C..
Stifel OF St. Louis. Edward A. Clark OF
Boston and Edward a. Faust. Inquiries
are now said to he in the market for
material 10 be used in rebuilding the old
plant. Work has already been begun in
preparing the site for construction.
Unfortunate consumers, both domestic
and foreign, continue undauntedly IN the
market for wire rods. Two competitive
interests yesterday put inquiries for
about 10000 tons for shipment over the
second half OF 1916, but the largest in
t~erests, which have practically with
drawn from the market. would not even
d make "A quotation for any delivery.
After the projected new Cleveland rod
mill IL built, IL steel Ia available, tn"
large interests might consider s3S per
ton for shipment over the second half OF
next year. One contract for 5000 tons
was made a few days since at SAG per
ton for export, and negotiations are
actually in progress for a liberal tom
mage TO bo shipped from birmingham to
Europe at $50 per ton Birmingham.
Ala.
The Midvale Steel u Ordnance Com
many has taken offices In the Wiedner
Bullliug Mt Philadelphia, where A. G.
D!nkey, vice-president. Will have his
headquarters The Office of Worth
Bros. Co, as we'll AZ the general Of
fee OF the Midvale Steel Company will
be on the sixteenth floor or this build
ing on Chestnut street. The offices
of the holding company will he con-
tinued In New York city.
The New York State Steel Company.
which has Just been acquired by William
II Bonner, president OF the Cambria
49,, r,rnsany baa a capacity nf nhpuf