The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-08-08
IRON REVIEW

NEW YORK, August The Iron Age.
in its weekly summary Of iron and stced
markets. will say:
Actual stcfpaEc Of pig iron and steel
making by railroad strikes in IN" Clcrc-
land and Chicago districts in the past
week have given more weight TO the
possibility Of CurtaIlmcnt by strikes in
the steel industry itself. Blast furnaces
and steel works operations Of tn" Amrri-
can Steel and Wire company. at Clcrc-
land. have been largely suspended. At
the South Chicago works Of the Illinois
Steel company seven out Of u blast fur
naccs are banked and ut Cary "A out or
a open hearth furnaces are idle.
The uniCriSinE OF the blast furnace
and steel plant workers in IN" Pitts
burgh and Ohio districts has shown no
marked progress in the week, but the
outlook is more threatening because of
the railroad shipments strik" and new
uncertainty has entered into tho pros
pect for tic remainder Of the year.
The increase in pig iron in July was
pronounced. MS was expected. the total
for the month being @.i@S.541 tons or
1880 tens n day. rs against 2.ll4.1SS
tons in Juno or 10.495 tons n day. Tho
blowing in Of furnaces kept up through
the month so that go were In blast en-
August ], as against zoo one month pre-
vious.
Pig iron production. at tho beginning
OF August, was at the rate of s.. $50 tons
n day. as compared with 7l.7Q0 tons n
day at the beginning Of July. N" pres
ont operation being nj n yearly rate Of
about 81 500 ono tons. whereas The 1919
rutnut was 80 400 nhn tons
Export trade picked up toward the end
Of July after Quietcr fortnight. Tn"
placing OF $50 locomotives for Poland
with the Baldwin locomotive works.
which accepts l0-yrar equipment notes.
came after long negotiations. orders
for 5000 10 10000 care expected 10 fol-
low. but the Arrangements for a car trust
may be long -drawn-out. Thus far man
ufacturcrs have been moro aCtIv" than
bankers on these European deals. and
the need Of strong leadership has boon
marked
A fully financed enterprise, tho Tata
steel works, in India, is figuring on
American steel for large additions which
will take nearly 10000 tons Of structural
shapes British works cannot meet the
deliveries wanted.
There Is some confusion in news from
Europe. with uncontirmcd reports "r
American capital figuring. Americans.
for example. are reported To have a"-
uuircd control Of one Austrian steel
plant. Thirty steamers ar rvrrCtrd soon
uuircd control Of orc Austrian s'c'i
TO land Swedish ore for GcrrsHn blast
furnaces.
Shipvard developments have boon i'm
Do-taDf STANDARD Oil Fruit ComnanV
and trawlcr orders represent upward ot
10000 tons Of plates. The Steel Coz
poration's program. now in process calls
for II ships 70 be built nj its Federal
yard and ! Oat It's Mobile yard
Plate orders have improved AT eastern
mills and cut prices are loss in evidence.
Actual advances in finished products ar"
regarded NJ more n contingency in case
Of n strike than as forced Ivy demand.
the leading producers policy being
rather ono Of price maintenance through
1919
Chicago makers OF rail carbon bars
have advanced their prices 81. because Of
the high price Of rerolling rails I.arG"
structural rivcts and boiler rirets have
advanced 81 a ton.
The tendency to advance pig iron
prices is sccn both in southern and Buff
falo district products. One southern pro-
duccr put up prices rs cents from August
|. There is some figuring on 1.9@0 ron.
but sales have not bccn large. on n 60
200 ton purchase Of basic iron by n
Northern Ohio stool company ConCcS-
sion was made from the Valley furnace
price Of ;25.75 and transactions in basic
have been reported at not far from S@5.