The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-28
IRON REVIEW
NEW YORK. March o7.-Thc opinion

NEW YORK. March o7.-The opinion
is general in the steel trade thai the
reduced prices, announced by the Indus
trial Board at Washington on March 20,
will bring out in the near future mod
crate amount Of new business. most OF
which buyers have held up since the
stabilizing movement doomed up six
weeks ago.
willingness to cooperate with the
government to secure a stable market
and the largest possible operation of iron
and steel works is shown both by pro-
duCcrS and manufacturing consumers.
1t is yet to be developed how far the re-
ductions will 20 in stimulating de-
mand over and above what has nrcunu-
lated, and whether the new prices can
be maintained rs minimum through the
wear, as proposed in the Washington pro-
gram.
The chance Of political interference
with tho new movement has htGn in the
minds Of some leaders in tho trade. Al
ready 4 threat Of the Sherman act and
Of 4 congressional investigation has APP
pcarcd on the horizon.
Operations At steel works have fallen
OF in the raSt week. The Steel Corpora
TONS Chicago district plants. which ran
exceptionally '
on a so per cent basis. In general. in
dependent steel companies arc averaging
60 per cent. At Cleveland large open
hearth steel plant closed down last
week.
Most OF the activities Of selling offices
in the past few days have had to do with
price rcadjustments on finished material.
except whore it was bought for ships.
bridges OF other definite contract work.
deliveries after March Il will BIZ Al the
Now prices.
The pig iron trade Is in confusion
over thr reduction OF A.21. Contrary To
lonE-rStablishcd practice IN that trade.
contracts were revised To tho December
basis Of $50. hut in some cases with
thr rroviso that this reduction was
final. nnr producer At least has an
nnunced this week that IN" new price
will apply tn all future shipments. y
meeting Of central western producers at
Pittsburgh "Wednesday will decide som"
prnhlrms rs tn haSing. ditercntials. c1r.
cleveland district blast furnaces hav"
: alrrady decided to sell their iron on q
valley haSing. making the price Of M. :"
foundry iron S2hl5 delivered. 4 stra nge
feature Of the Washington announce
,m"ni ia thai II iron orc for 1919 is low
rcrct there shall u" further reduction
I'm pig iron. still more furnaces are go
a.rr<nul because S@5.I5. the new price. is
below their cost,
Various prices dependent on those al
ready mamrd ar" hring reduced. Thus
bolt. nut and rive! makers will name
their prize" Thursday. Cast iron pipe
has been lowered 81 ton. Warehouse
prices on iiriSh"d products now carry $la
per net ton advanr. over mill prices, in
stead of S2h.
New bias, !urnac" capacity for st.
Louis appears m"w t" h" definitely de-
cidnd Tho National t.namrlinS md
Stamping company &c to utilize hot
nct.,I, and an outlet for the 5Jn-ton
stack proposed is also afforded in the
large casting interests cruicrcd at Gran
itn City. III.
London adyic"S arc that steel makers
have applied 10 IN" ministry Of muni-
liouS for prrniSS To increase their
rri.rS. owing la growing costs. Plans
are maturing there for n central tinpfatc
HrIliug company. III view of American
IinrlaIr r0inprtItinr. The 1orain Steel
connany has sold 1000 tons nf girdcr
rails tn tho birmingham corporation ut
SIG las. The reported sale Of 10000 tons
nf American lmplsIr bars in Great Bri-
IAN IS no; d,inii"ly confirmed.