The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-08-09
STOCKS AND BONDS.
STEEL REVIEW

Sncc,aI Disnatch to The 1ntelllscncer.
MEM YORK, y. Y. August 6.-Ihc
Jrnn Ago will say tomorrow: Inc hwaru
~ the war labor board to the macnihl"lS
or rho Bethlehem Steel Co. INVOLVING OH
oirhi hour day collective hargainlnG anu
the revision or diScontinuance OF INC
bonus system. is the most imPoE''.t.
cvcn, of the week to thu steel TRACE. II
hrinrs NJ tho whole question oi the USE
Of war cXiEencicS 10 nnioniI" open SUPP.
and Of the extent Ia when inc car '"H
ont of tho plans Of militant unlonlSH' ~
to h put before the united eliot. !"
hasten tho ending NJ IN" war. ~
I've consequences are involved In the
handling Of the labor question as re-
loie,I 10 the steel industry is more evil
G,,,, tban over In respect to steel sup
nly and demand the outcom" OF the week
bas hrcn first, n decision by the war IN
dustrlcs beard avcrSr to creating 'hc a"-
di,on,I rfsrrvuIr nf ship steel asker LOT
Ia. pirrc,nr General Schwab: second inc
r,therirg Of data showing that the '"'
MOO nnn tons If finished rolIco Sle"'
which has hccn taken MS the present an
nual capncItr Of the country Is Fp"Si".
er;,b;y TOO low. In one stretch OF Two
,y.riS. chiefly in May. it is shown thas
tie rate was close 10 "S.Uo".oe' luis "
finished products per rynr'
II appears that tn" ship steel III pro
cess or In stock Il Shl7yarfS ana IhrI no
eating nlants amounts Ia about l.npo'o""
,nns While thu War Industries board
did not consent To- increase the nreSc~.
sI,innrn,s cC a0,uC1 tons q week OF snip
,I,fec h,. % Ohn tons Il week through inc
rcxr cu,ri,r or even by the lO.Hee tons
, week. asked for lis members arc con-
ridcnf thai there will hc no break IN
,hr shinhuildinS program for lack o!
steel. .
Tn, deciding influence in the matter
WIS tin frat Of m"mt~rS ~ IN" on'lI"
,hni tn" impnUnding Of additional uci'
nj,, tonnage for ship purposes might
moan the suspension Of small nut IN Inv
arurcgata important private industries
WAYS and means Of increasing steer pro.
1urlinn have boon carefully studied ou'
roal and coke labor arc SIN inc Key,
rather than extensions OF rnlllnS ''''i'
capacity. So far as the latter i ePn.
ccrrcd rrohably 900. 900 tons must nc
ready b. January |. chicli? IN P'"'',
I'm, nartlv in large rounds. the steer
,.nrnoratiNn now having L $1Jh.h0h mill
for this purpose under construction III
tho Pittsburgh district. The statiStics
, Iasr month show that to increase PIE
iron uuput is no easy mater. In the u
,lays nr July the wake WAS 3.42".JHS tonS
or 1885, tons Il day. against "'"-".L't
! ions in June ar ll0.1gG tons day. ne
merchant furnaces increased their GUY
mi nearly 1000 TONS n day. as r"mpareu
with June, while III" steel WORKS luF-
nac.s fell off nearly 2.5Uo tons uhS'
! August humidity may bring down pro-
ductior and probably will but an IN
! creased rate would otherwise result
! from IN" blowing in Of additlohai '"S
n,rcs The active list shows n daily ca
naci,y of lla,G0n. against $50 on July |
with n daily capacity Of l1l.lSO. ork
! is now under way also on "0.hoh tons OF
/ structural steel for the first sections OF
| tho Neville island gun plant. which VIII
, INK. nrohablv three years To builu iho
! cuuip in its entirety. .,
France wants $4,000 tons Of shell
| steel, part in December. hut most OF IL
| in the first quarter ri 1919. For Japan
cs. government railroads the cal! Is lot
: "a 00G steel tires. Thr 10000 additional
cars for tho American EXIcdionHrv
Forces have been nllncHt"d Tn" dislri-
: button Of oNu.00n tons Of rails for Inc
T.rahin: operations in France mas JUST
. been made. tho leading interest rccclNihE
| I27 .O4H tons: aud III" remainder SolhE 10
: four irdcr.ndcnr mills The plan to
! turn nj che" In rallS S''NrF"t '""' ,'"
: hccn roIIin.: larg. rounds hrs just been
! ,.l,r.,.d IA TAX. ear, nC Iona tons Vt
! shell steel that must he turned out In
! August.
In the Chicago district thrrn is some
! agitation among implement manutac-
turnrs for reduction in tho rric" or
] the ground that steel costs is oul OF line
| with The present scale o. profits in th"if
industry. The movement is in antlcIra'
! tinr If tLr lat" September conf"rrnc" 1t
Washington on four quarter prices.
July Tin plate production. estimated
at G.00n. 900 boxes. held mp remarkably
we'll. Thr annual raj" is now not lar
from 100000 ret tons.