Iron and Machinery World Volume 92
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ...The railroad companies are hurrying in orders for steel rails to the surprise of rail makers, who supposed they had requirements. If this fuel question is not soon settled it will introduce a very troublesome factor in the iron and steel situation before the approach of cold weather. What is surprising the iron and steel interests all over the East is the magnitude of the requirements being presented. The American Bridge Company is hardly able to handle the business that is now coming in, to say nothing of that which is in sight. The placing of an order for 300 locomotives by the Pennsylvania Railroad is quite an event. It Is said to-day that other railroads Will shortly be in the market, and it now comes to be a serious question whether the locomotive capacity will be able to handle the railroad requirements for the coming year. Prices are high, but it is the determination of steel makers in all lines to prevent any further advance so far as they are concerned. Any advances that come will have to be forced by urgent buyers who will bid up prices on themselves. The foundry interests throughout the East are beginning to suffer owing to the shortage of supplies and the slowness of deliveries. The per diem system of car management is producing good results, but despite this fact there are not enough cars to handle the freight. We are promised very little additional pig iron from the bouth. Reports to-day from the Bessemer pig iron region of Western Pennsylvania and Eastern Ohio are discouraging. Production there is curtailed on account of shortage of coke. Our latest advices are that the plate mills are unable to supply all demands and that a good deal of business is now hanging fire. Contracts for large quantities of bridge iron are about...
- 189 x 246 x 54mm | 1,882g
- 13 May 2014
- United States
- black & white illustrations