The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-09
STEEL TAX YIELD May
PROVE DISAPPOINTING
Trade Believes Administration
Plan Ia Apt 70 BE Modi.
fled Materially.

corning The revenue that ID dCtuAily ue-
tho Secretary OF the Treasury, accord
Ing TO the SEA that a tax OF rs
cents - ton on fabricated steel and Iron
would yield $4,000. 900 annually.
We are to-day producing steel lngots
at the rate of 40 900. 900 tons annually,
and this means finished products ut the
rate OF approximately 10000. 900 tons a
year: but II is quite a different matter
to produce steel at the rate OF 40, 900. 900
tons for n few months than to have an
actual production OF 100000 0 tons in
twelve consecutive months. II Will
maximum insot tonnase Is
All or tho s'eel produced "oulu nov
be fabricated. Even with the intent IN
dicafed by the Government, probably
not more than 2o.oOo,0oo tone could he
counted upon "a a producer of revenue.
Thu output Of pig iron is subject to
some OF ths restrictions governing steel
production. and when II ~ understood
that a tax on steel making pig iron
simultaneously with tn. tax on steel
would be equivalent to the levying of a
tax Of 60 cents a ton on finished steel.
preSent plans concerning taxation arc
i,kely to he modified very materially.
according Ia the yiews expraassd IN IN.
.,eo, ,r,d. yas,ar1,y
Inc renhs!l'tnis 't'i,Foau '""Nlany,
mas piaceu u 'un'rH't Toy Two eihai'
prldses' calling Tor o"o tons OF ihhrl-
Gated structural steel. with Milliken
Bros, Inc the 'hcsai'eake aic ONO mas
also given a small order for bridge
w~ork--about 100 ons-to another inde-
pendent fabricator. The Boston and Al
bridge repairs. The southern Railway
put OUT another inquiry Tor pilhSe Work
yesterday, making the total now pend
ms about $50 tons
II In estimated thar stocks of pig
| iron on furnace banks to-day neere-
gate about 800 600 tons or this total
the location of l.4ou 400 tons ia def
ri,ely known the balance 10 estimated.
or tho l46o u0n TOMS ,hn,i, -no ooo tons
ara on the hanks AZ, ,ba ste.t cornnory
furnaces. which metal ,yilI not come
upon the npen m,rke,. and only 400. 900
! tons OF s.,.l u,kir, ran is urdarst, ,d
| 10 I've IN mo hands Of ,,.rcha,. fu-r,c.s
The balance 4. mad. nm OF foirdrv
| and forged grades IN IN, various pr,-
ducIns districts 81 mis- Latter abou.
abn. 900 tons ar. carried he prod,cirr
interests I'm AIob,ma
In tho central West. tina. Is Ohio and
abou, SOC. ooo tons 4, pnf,lo f,,r-
| naces were CARRYING nbou, 500oO tons
ira rsuaindar 10 car-t.d a., r,ica.o
eastern pennsvIvauia epd virginia ,,r'
naces When II &c -acalled INA, W.. arc
~nrodnc,re ni, ron a.. tho ra,. ~, a
iss OOo tors a month IN. iron in stool;
Is cxtren.,v email scarcely mo-. .han
tbree vroop. .pr,ly
-.
yu. r. -
Il, hr,"sef"'H iHi'aul.' ,",ni"n!
".7 ''-
a. nv" ~, m'n w W." -,
W"pu 80. ''e'N'I' ~ 800 = toil
80, ""i '"AN"" 49, '"'
'"t' r.'"'1r '.s " .HS 'h'uS'i'It
col',n'N '" NY % ..'Hu''Inn' WI
w "'US 10, a ." I"''
a. ,toa p'pr p
,,i,.. On ~. M,r,., N,..tt ,,, t,,n,,-
dr, comn.ny ira I.ni+.d Sta,as cas-,
Irnn pine and rnt,rIrv Copnary- rIll
r.ceivo SOS a ton d.iiv.red for IN.
l325 tons az ~ to as ,rch ntne snI1
IN IN. CITY of chicago preyio,,s,y pn,.d
Tn. civ az N~,Ishu I,d has re-
rs,vaI ~ or slsII , ron nm A., ,ors
az 4. 10 nnd ~ inch nina trn,n I r.
! Cl,u. A 90 and from rba I-vrr1hurc
rot,rdrv
IN. ,it, ~ ri.v,r,,j l.. p,,,,r.f
s,en,i,at,un. for : an5 toms a, % 80 4s
inch cost ,ron min. bn, 40 da.o ,or "a.
csiy,,,g bids ,as go, ha., se+ ~
morrnw. .hn civ Of sbehov0o, V,s
viii TAX. h,ds an fso IONS 81 10 %
,pcb MIN. rha Ga, >rtnn,o Tox 90,
tract for 1890 tons Of {. : ana I" inch
pipe with the United States Cast Iron
Pipe and Foundry Company. IN, same
manufacturers have also UbtsiLcd an
order from Gretna, La. for 1,l6u tons
Of 4 20 II nch Pipe At $500, delivered.
for the 4 inoh and 500. 90, delivered. FOR
the other sizes The city of East
Youngstown, Ohio. will receive BIDS to-
morrow on 1.434 Ions OF ., s. 10 and ~
inch Pipe. the letting having been post
poned from December !.
0teel structural work continues ac-
tive In the central West, but most OF
the contracts involve only small ton
naEes OF fabricated shapes. The prinoi-
pal local contract placed yesterday was
Tor a mercantile building NJ Fifth ave-
nue. ana Forty-second street, awarded
ny the Oceanic Realty Company 20
Post Il M'Cord. The LOO tons OF steel
required VIII La furnished by the -A!ncrl-
can fridge COMPANY. TIE contract for
mo .nlted States Marine BARRACKS ~
NorlpiK, Va. c'tllihE Tor aOr tpns of
steel mas Deem placed with the Penn
brluse company Tha Nyan2a MIL, 10
we constructed al WoohSocket' Il l.. calls
Ior sou IONS OF iaprIHated steel contract
IoT WHICH mas tttt'll awarded 10 me Zones