The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-04
Pig IRON PRODUCED AT
NEW RECORD RATE
Daily Average output of Fur
naces Estimated at
1O3,500 Tons.

Steel companies accepted a much
larger volume Of orders in January than
indicated In reports. II is now esti-
mated that the United States steel Cor
poration subsidiary {. npanies increased
unified orders by approximately $4,000
tons last month, which indicates that
new contracts aggresating l,2oo,0 900
tons for various rolled products have
been taken. The output of steel insots
was slightly less than IN December. due
to less favorable weather in the North
west and TO one less working day. ~
compared with December.
II Is n significant fact that production
Of pig iron to-day is at "A new record
breaking rate. The slight decrease In
the January production. AZ compared
with the output in December, is attrib-
uted to the banking of furnaces In the
Youngstown district because Of strikes.
The output war thus cut down about 49,
900 tons, whereas the twelve furnaces
that were blown In contributed nearly a.
900 tons to Offset the decrease. According
To the Iron Age records the daily aver
age production OF coke and anthracite
pig iron last month was 1o:,soo tons.
To-day IL is understood that the output
is In excess OF 103,bo0 tons a day.
|
Credulous people are much disturbed
| over the report that France Ia negotiat-
Ing with the United States steel Cor
poration for ZOO. 900 tons Of steel to be
| shipped at the rate Of $50, 900 tone per
month over the next year. When IL Is
considered that this is nearly II third
Of the entire productive capacity OF the
subsidiary companies rolling mills.
scepticism Is naturally aroused. II Is
understood. however, that negotiations
cover nearly $50. 600 tons in the aggre-
gate. or about 80, 600 tons per month.
Undoubtedly tho French requirements
are much heavier. Larger contracts will
eventually he placed. but under present
conditions II would seem unwise. to say
the least. for the corporation to. execute
such a contract with a single foreign
country when home demands are 80
extraordinary and when capacity "
largely sold for the first STA months Of
the current year.
Another inquiry for 10000 tons of
round steel bars for export to francc
came into the market yesterday. making
total Inquiries received by independent
steel ~coinapnies IN tho last tNc DAYS
350,0o0 tons. This Is exclusive OF the
100000 tons for which the trcus"t
Works have been negotiating The
British Government IL stu actively IN
the market aud IL understood to have
placed a few contracts calling for sew
ersl thousand tons of steel.
The Russian Government - agsIu
actively negotiating FOR 10000 TO No.
600 tons Of rails and II Is rumure,
that about 10000 tons have tron VIZ
tually closed for export 70 Franc. hut
details are lacking Tho three rail
mills OF tie Carnegie steel company
at Besscmer are reported tn have sped
ncatious which Will take IN capacity
for the next live to sis months. some
large sales have been mad" for delivery
over IN. third quarter OF tho current
year.
Tho pelawaro and Hudson l;dilroad
has placed q bridge contract calling for
500 tons Of structural steel with the
r-unsvlNania Steel Company. The
Pennsylvania Railroad has given an
order for "A small span, requiring loo
tons of steel. t. Lewis Z Sht- maher
TO Tho Baltimore and ohio l;dtl'
road r.ceutly purchased "or steel 'Ii
underframes ana tine contract tor ~,
900 tons OF steel required has heel
placed with = Chicago mill. The Eig
Four Railroad has placed "A contract
for nftecU steel vars with the l'arne!
AID Smith Manufacturing Company.
Tie European war Is responsible 70
enormous contracts Cor American ma
cline tools. The demaud for high spec
tool steel has also Increased amazingly
A, the same time the supply OF tuug
stem available In this country has beer
reduced 90 per cent. or more 10y th'
CUTTING of OF importations from Europe
India and Australia, In round figures
the worlds production OF tungsten orr
Is about 10000 tons. ~ which t,'OO ton
are produced In India. 1000 tons IN Aus
tralia and about Loo tone ~ Portugal
Til. embargo placed Nv the British toy
) erunent against exports Of tungsten or
and the English financial control or tn
Portugal deposits have preyentcd al!
imp~ortations into United States IN tn
last year. The production In this Coun
try until recently has been only 100
tons annually, mot OF which Is pro
duc-d In Colorado ana California, Dili
gent search Ia now being made for iev
. deposits IN tho far West and Soutt
some ore was recently discovered !
Mexico. In the manufacture OF toe
steel about II 10 30 per cent. OF tungstc
is used In the crucible process All
, about half this percentage In tho cleo
triral process. TIulgsten ore some year
ago was selling at $50 a net ton. Nor
recently II has brought $4,000 per tor
|, Tungsten. the metal. which sold AZ 11'
a.. Il pound before the wal. ha. recent
= sold at 81 to IS per pound.
5 Tho Ford Motor COMPANY has close
) contracts for ~. 900 ions of foundry iro
. with Detroit and Toledo blast furnace
for shipment mainly over the last La
Of this year. Other heavy sales OF fuul
3 dry ron are reported IN the tl"Velan
district. IN lots of from 1000 to 100
r tons. Some additional large contract
for foundry iron have also been close
= by furnace agents In Cincinnati for shii
meiIt into Michigan, Ohio and Indian
over the last half and third quarter
the year. Sales reported in the pss
week amounted to about 81, 600 tone, |
eastern Pennsylvania one contract ~
so 900 tons OF haeir iron Is under u"gc
- ltlStiOu