The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

ring. It will be seen, tierefore, that this valve will never wear a cage out of true, and it will also be observed that it is very important - that' the valve be put into a true cage to be- gin with. It will in time true a cage up, "but this 'is' an' €xpeéns ve, and would, therefore, be a foolish appli- cation, The valves are madé for internal or external admission, and have been made for both, that is, reversible, in which case the valve is used as a re- versing gear by changing the steam to internal or external admission. The rings of this valve are all machined in their working diameters. The packing rings are properly lapped with a solid steel joint-plate, the side of which is beveled, bringing it to a sharp edge at the periphery of the ring, thereby avoiding any notches in the steamer exhaust lines of the valve. No material nor workmanship is spared to make these valves the most perfect possible. These valves are manufactured by The American Balance Valve Co., Jersey Shore, Pa. ATLANTIC COAST NOTES. Office of the Marine ReEviEw, Room 1005, No. 90 West St., ry New York City. The ftalian'- lmer: (Florida, rammed and sank the White Star liner Republic, was sold at auction last week, the price being $220,500. There is a hitch in the transaction, however, as M. A. Mosle of Philadelphia, the pur- chaser, has refused to accept the bill of sale offered to him by United States Commissioner Alexander, the trustee. The "details "of the: matter are 110 known, but the purchaser, who paid down $16,000, has been ordered to show cause why he should not be held to the terms of the sale. The United Fruit Co.'s steamer Mer- - idia, which ran ashore on the reefs of Main Cape Banks, twenty miles north- east of Cape Gracias, Nicaragua, on 'Feb. 28, is resting in an easy position and in all likelihood will be refloated. All the passengers were taken off the vessel on Monday by the steamer Bound Brook, which was sent to the relief of the Meridia, and which is also owned by the same company. The United States" revenue cutter Mohawk, which went on Little Hog Back reef in Hell Gate on, Friday" afternoon, has been taken to Showan's dry dock after being floated by two of the Merritt Chapman wrecking boats and several Government tugs A con- tract has been made for repairs to the damaged vessel to be completed in a month, at a price, it is said, of $11,- which" "THE Marine. REVIEW 000. A court of inquiry will be called to determine who is responsible for the actident. The 'steamship Lucania, of the Cun- ard Line, arrived at New York on Sun- day, a day late, owing to extremely heavy weather on the westbound pas- sage. Several gales were encountered on the last day of the run, and owing to the heavy head seas Capt. Warr was forced to reduce the speed of the vessel. The Anchor Line steamship Cale- donia, while bound from Glasgow to New York, passed a gigantic iceberg on the morning of Feb. 25, in latitude 45.40, longitude 48.06. The berg was of unusual proportions, being over 150 ft. in height. Considerable field ice was also encountered. The Caledonia was compelled to slow down, causing a late arrival at the port of New York. The stranded schooner Eugene Cath- rall, which ran ashore on Two Mile Beach, N. J., was floated Monday by the Two Mile Beach and Cold Spring life saving crews The Eugene Cathrall has a cargo of potatoes and corn, and was bound from Newton, Del., to Cape May when she went ashore. The British steamship Nanette, from New York for New Orleans, already reported as overdue, is now reported to. have been sighted near Ship Island Light on Feb. 28. While bound for Galveston from Lon- don, the British steamship Rock Light ran short of bunker coal and was com- pelled to put into Halifax, N. S., on Saturday, for a fresh supply. The King George, of the Standard Oil Co., arrived at New York this week » with six of the crew suffering from beri-beri. When near the Straits of Sunda, enroute from the Orient, the cook became ill and died, several of the crew also being stricken down. When the King George came to anchor off Staten Island, the master of the ship and five men were removed to the Staten Island Marine Hospital. The following board of directors and officers was recently elected for 1909 by the Munson Steamship Line, 82-92 Beaver St. New York: Carlos W. Munson, president; Alfred H. Bro- mell, vice president and secretary; Frank C. Munson, vice president and treasurer ; Charles M. Dimm, assistant treasurer; John W. Reynolds, assistant secretary. 49 PIG IRON SITUATION. | Readjustment. of conditions in the iron and steel market is proceeding in an orderly manner since the market" declaration. While only a moderate amount of business has been developed there is no disposition among manufacturers to take orders regardless of cost as in other years. Quotations on plates, shapes and steel bars are be- ing well maintained, while talk of mak- ing Chicago a basing point is not in- dulged in. The Lackawanna Steel Co. has returned to the Pittsburg base for a time at least, although last week it based its quotations on Buffalo. The ' production of pig iron continues at a steadily increasing rate, the production for February reaching 1,681,423 tons. The demand is limited but prices are unchanged, although southern iron sells on the basis of $12 Birmingham for No. 2. A fair amount of business is developing in steel bars, but structural contracts of heavy tonnage are not num- erous. The wire business is very flour- - ishing. Quotations on crude steel have finally been established at $23 Pittsburg for . rolling billets. and $25. Pstts- burg... for-. sheet -- bars, Some. fair sized contracts for foundry coke have been made. The old material. market is still declining in prices. Mr. M. P. McDonagh, general man- ager of the Seaford Marine Railway Co., Seaford, Del. closed contract last week for a Chesapeake schooner for Captain R.:J. Bristow, Wir vv. Vane, Allen P. Vane and Wm. Mich- ael, of Baltimore. The vessel is to be 107 ft. over all, 26 ft. beam and 6 ft. 4 in. hold, of the fast clipper type, and is to embody all the latest meth- ods of marine architecture in design and construction. The vessel will be ready... for sea. by, Sept. 1. next Design and details of construction are now being worked out by the manager. The Cleveland & Buffalo Transit Co. will open its season of navigation about April 15, operating the steamers City of Erie and City of Buffalo. The State of Ohio will be placed on the route about June 15 to stop at Erie. The frame work of the steel light- house for White Shoals has been com- pleted at the works of the Milwaukee Bridge Co. Milwaukee. It will be taken to White Shoals in the spring. The Lake Superior Towing Co. of Bayfield, Wis., has been organized with a capital stock of $20,000. The incorporators are Henry J. Wach- smuth, E. Miller and Wm. Dougquette. "open ™ *