The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-15
HIGH PRICES OF STEEL
HALT BUILDING PLANS
Some Large Inquiries With
drawn. Including Edison
structure.

W
have contracts in force with the New
York Public Service Commission to sup
ply material needed IN the construction
of til" ci,y's portion of the subway sys-
tenn recently received u letter from the
| track department Of the commission ask
! ing II they have any objections to maxi
ing deliveries of rails and track supplies
to the New York Municipal Railways
CORPORATION or to the ln~terborough APP
! plying on the city contracts. AZ there
has been an advance in prices of from
: 60 to 100 per cent. since these contracts
I were placed IL might naturally he In
farrcd that the mills would seriously oh
| jcct TO the making Of such deliveries. nut
the nature of the contract entered INTO ny
the city and the manufacturers Jointly is
such that the manufacturer would gam
/ nothing by not granting the COMMISSIONS
request. IL is understood that most OF
the track supplies have already been
manufactured to the New York city
spec,rca,lons and are held IN storage
awaiting orders for deliveries. The man
| u~facturers' need the room and would he
! glad 10 max, shipments which would re-
lease needed funds. The manufac-
! ,urprs too would be under heavy penalty
( they fail to make deliveries on con-
tract time. NJ specified. and under the
present railroad congestion OF freight II
| might be a very serious ma''er '" 'e
manufacturing plants.
II will lie recalled that during the
latter part OF July and early in August.
1915. the Public Service commission
ni.csl orders for -, 900 tons Of rails with
the Beth chem steel company. the con-
,r,,, nric. beiny ~sl.aOa,i26 %. Including
track accessories bought from other COM
NAMES the contract obligations amounted
~ ~.o,re,hiup IN excess OF $4,000 400.
Si,co ,he cnn,ra,,s were placed prices
.x..r, for rails have advanced to such
~ ,,ny. noted that the city
"as.lr,u, ian. , proa, OF something
~
,ara;,, IN ,,c terms Of the con-
..as.s ,ta,cl tho CITY may order the en-
80 ,n.n,iiv az material. as specified
,,raor ..,n,ri,pum ouautitv' for delivery
49, -. h.for, u,,eul,r ~. 1915. or in
S.,a,,, en-. c,.y ,yill nav the contractor
intcrcs, al the rate OF s per cent. per
a.n,.r -, ,ho value Of the minimum
n".,,,. os such material, AS the con-
,r""ar MAJ n. required To hold after
~" o,rr,,ior ~ the contract, December
- iai, In addition 10 the running and
- ..;t, ord.rad tho PRINCIPAL con-
$50 irc,,,i. M manganese rails purchas ed
-, ~. Manganese Ste., Rail co'n-
many. amounting 10 S25e.l06.S0. splice
.als. TO- % x,s- a for anti.
.rssnsrS nlaced with the Crecpcheck
cnn,r,,v amounting TO S~35.l7&;o. and
,,,, 'ocLs nrd.r.d from Robert T. Hor-
Gov ga; Another interesting contract
,or track material. entered into by the
commission, although no steel Is in
Guided, was for ties and timber pur-
chased from J II burton & Co. sl.?i3'-
1888. and from the Long Lear iihe
Company. Inc, $loo,3o:.<s. lti- unuer.
stood that a proht OF s''erai nu"u'.o
thousand dollars mas accrued u INC wy
on this material.
,o., har
plates and shapes Is reported 10 nave
been taken by the steel companies S''''
March !. II would '"' Nv Suirf's,"e u
the aggregat" 'oinase olu,''. .
the hrst han OF '"'S 'o,. a~r..
iuily L.""V''.' w" go, has h,oLed
ton "'o0c' N..,oun ,,r,n. en-.
or"erS y d" '"' t.na.r IN. cirr,,m.
'"e "n - .,rrr,.iry tina, ths
1870 So, Cn,,nany has again ad.
-" ur,.s NJ ,b.se nroduc,s 81 a ton
sha,.s ard HAIRS now being held al e.35c
ma mates al aS0c. base mill. Plates
nani 3c. Der lb.
sss
seysr,l additional large contracts for
n.y. ,r.,ari,, have lust come 10 the
surf,re including 30, o00. 900 500 car.
,-idccs for the British Government
nl,red by !. T.. Morgan Il Co. with
/. New England manufacturer The con-
.rsc, price Ia said to be SiS per 1000
or $40. 900. which IL somewhat loves
,han previous contracts placed for thu