The sun., 1918-10-10
Big. POST WAR STEEL
DEMAND PREDICTED
Judge Gary Says Industries
VIII Be Kept Busy Replen-
ishing Domestic Stocks.
INGOT MILLS AT CAPACITY
Sheet Plants Feel Lack Of Bars
and Some Drop to 30 Per
Cent. in Output.

Judge r. H, Gary, chairman OF the
United States Steel Corporation ex-
pressed the opinion yesterday that there
would be a large demand for steel prod
ucts for some time after the industry
has been adjusted TO a peace basis He
let It be known that he bases this
opinion on the fact that the warehouses
of the world. now practically bare of
stocks OF steel. must be replenished. and
that postponed additions. extensions. new
buildings and all other deferred domestic
construction will have to be done. Judge
Gary's views were carried in the follow
ing statement Issued yesterday:
1T Is but natural that after q period
of business such as we have experienced
in the last four years there will be come
Generalization when conditions are
changed radically.
However. It Is for the business man
OF this country to keep in mind that this
Is the leading country of the world that
the wealth of the world is largely here !;
that this country will continue to lead !;
that We will continue to progress, and
that there will be business done on q
large scale after the war.
cerned tho plants in this country for
some time have been devoted exclusively
to war work for the United States Gov
eminent and It's allies. and no outside
business has been taken. This has re-
suited in additions, extensions. new
buildings and all other domestic work
being postponed.
I'm addition the warehouses Of the
world are practically bare of stocks OF
STEEL which must necessarily be replen-
ished. All this will likely result in q
large demand for steel products for some
time after the industry has been adj
justed to a peace basis"
Ingot Mills at Top Production.
Steel men said yesterday that the an
nouncement that the United States Steel
Corporation Is operating its ingot mills
at 100 per cent. OF capacity. a new high
record. indicates n rate of close to u.s.
600, 900 tons of ingots annually and
forecasts record earnings before taxes
for the month of October. Total pro-
duction of ingots in the United States
Ia now at the annual rate OF $4,000, 900
tons. or 100000 tons In excess Of the
annual rate for Germany.
"Pie iron." the Iron Age will say to-
day. was produced in September al
1892 tons q day, the highest rate IN
the history Of the industry. representing
a gain of $500 tons a day over that
of August The concerted effort for
greater output yielded fruit sooner than
expected. and some improvement In coke
quality - already reported here and
there
1.-The fact that October, with its thirty.
one days and generally favorable weather
Is always set apart for record breaking
points to n continuance Of the good worl
begun last month. The September tota
was 3,41s.270 tons. or 1892 tons a day
against 3,3ss,5s5 tons in August. or 1es,
BAL tons a day. Yet fourteen furnaces
blew out last month and seven blew in
making n net loss of seven. Tho tota
| In blast October was 365!
September production was at the rate
| Of more than 4l.500.o00 tons a year
| against less than 100000 tons a yea
as the August rate, while the ofiicia
figures for the first half of tho yea
were only ls.a27.73O tons
Innuenza sIackens Steel Output.
| "Over against this encouraging re
| Spouse to appeals from Washington anC
| from France there Is this week the frs
evidence in Pennsylvania steel plants o.
the inroads OF the prevailing influenza
Steel output IN eastern Pennsylvania hal
been cut down. and now Pittsburg report
increasing severity OF the disease anC
fears for mill operations.
However. the Steel Corporations re
port for the last week was quite favor
able-92.7 per cent. of blast furnac
capacity and 100 per cent. of ingot capac
ity in operation. against % per cent. an,
97.s per cent. respectively in the pre-
cedlng week"
1.-THE American iron and steel trade,
the Iron Trade Repieto will say to-day
looks upon the latest German peac
drive with more or less academic in
terest for the moment. but with all con
fidence in the valor, stanchness and re
lsourcefulness OF our troops on the firin
lines to force more repentant state o
mind upon the Teutonic Powers tina
they yet have exhibited. The industry ha
returned with redoubled vim to the Pre-
,duction in even greater volume OF iro
and steel products for war uses with
most satisfactory and united effort
"Sheet mills are becoming even wors
pinched for bars. and some mill activ
ties appear TO have declined as low a
80 per cent. Lake Superior iron or
shipments fell off slightly In Septembe
due partly TO less satisfactory car sur
plies at lower lake ports because {
heavy commitments of coal to III
Northwest and OF grain for our troor
abroad. October will witness the praC
teal ending OF the present lake OF
movement OF between 100000 an
81. 900 tons.