Report of the Commissioner of Corporations on the Steel Industry ...: Cost of production; full reportU.S. Government Printing Office, 1913 |
Contents
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Common terms and phrases
additional costs Average book cost average cost average price basic open-hearth billets basic open-hearth ingots basic pig iron Bessemer billet ingots Bessemer pig iron Bessemer process Bessemer rail ingots blast furnaces cent charges coal company or book Connellsville cost above material cost of Bessemer cost of coke cost of pig cost of production cost of waste cost sheets cost statement depreciation differences dollars per gross five-year period 1902 freight fuel Gross tons produced integration cost investment iron and scrap iron and steel labor cost Lake Erie district large Bessemer billets large billets large companies Limestone loss accounts lower Lake ports manganese Materials in repairs Mesabi Range metallic mixture mill cost mines miscellaneous expense open-hearth process open-pit mines Pittsburgh district Pocahontas profit and loss quantity raw materials repairs and maintenance royalty scrap recovered small companies Southern pig iron Steam Steel Corporation Steel Corporation's Supplies and tools tonnage total book cost total production
Popular passages
Page 373 - ... a rough guess that the total capital employed would be somewhat as follows: Old ranges, each $2,500,000 $10,000,000 Mesabi range 25,000,000 Invested in extensive exploration and developments in the whole Lake Superior region 15,000,000 Total investment $50,000,000 CAPITAL EMPLOYED IN TRANSPORTATION The Duluth & Iron Range railroad and the Duluth, Missabe & Northern railroad with a total of 363 miles of main line would be indispensable to the conduct of this business, even if it did not extend...
Page 205 - The metal is a combination of copper and zinc, the best admixture being found to be 60 per cent, of the former, and 40 per cent, of the latter. The...
Page 500 - From the point of view of the consumer, as well as of the independent iron and steel manufacturer, an excessive profit on ore is an important matter.
Page 58 - ... boiling came into general use, which was a great improvement, and puddling soon became the all-important branch of the great iron industry of the country, and continued in the lead until it was overtaken by the almost magical invention of Sir Henry Bessemer, to which I shall refer later. Until 1840 all the pig iron produced in the United States was made with charcoal. My first connection with a furnace dates from 1839. It was driven by water, a wooden blowingcylinder connected with the crank...
Page 141 - ... Commissioner of Corporations (The Steel Industry, Part III: Cost of Production [Washington, 1913]) states that, for the period 1902-6, Bessemer steel plants running chiefly on hot metal (molten pig iron) seldom used "less than 20 per cent cold metal, and seldom required less than 50 pounds of coke per [gross] ton of ingots. Plants running on cold metal entirely and using ordinary beehive coke averaged about 245 pounds of coke per ton of ingots
Page 461 - By reference to the preceding table it will be seen, that the velocity of the piston greatly exceeds the limit generally observed in Europe.
Page 387 - An examination of the table shows that, broadly speaking, for each group, the average costs of mining tended to be lower for mines having large production as compared with those having a smaller production.
Page 411 - Broadly speaking, the companies having the highest integration furnace costs, as well as the highest costs above material, were the ones with the smallest output and, in the main, an increase in production was accompanied by a decrease in both these costs.
Page 377 - It would be impossible to sustain complainants' contention that " the ' key ' rate to which all other iron ore rates in this territory must be adjusted is the rate over the Duluth & Iron Range Railroad and the Duluth, Missabe & Northern Railway...