The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-07-22
IRON REVIEW

New York y. Y. July :l.--Thc Iron
Age In is weekly summary % Tho iron
and steel trades. will say tomorrow;
Appraisal ri the effect Of the Il per
cent adranc" in railroad wages IS not
easy In tn" absence OF clear indications
% the attitude OF the unions. In the
steel trade the more general opinion IL
that with the award retroactive for ten
weeks an! in view OF lis amount, a
Widespread strike agains; x IS not
likely The increasing signs 81 reac-
ton IN Various Industries are cited as
having an 'mportar; bearing.
SteC. manufacturers io"k Tor some
re 10; from the desperate conditions ~
many weeks. wfh tho return - work
- experienced railroad workers. but II
- re"cgn!1Ad that Improvement, viii be
SOW and II - admitted that the &c.
Nun1,St!ons g pTvddrt ar" more ihan
have been commonly kUown.
Thu continuance % $40 basic pix iron
and SIS coke arc proof OF the cnnS,ruc-
t'on N tho raw material end OF the In
dus;ry. which IS making higher sheet
prices at tho other end. IN spite OF the
easing on IN the automobile trade. and
IN n more acute scarcity Of tin plates
and OF iron and steel pipe. while tho
steel Cooperation has only so per cent
ot TIA tin plate capacity IN operation.
independent makers are doing better.
TIE average for tho entire industry be-
Ing put at IS per cent.
Many canning plants are on the verge
90 closing down because OF non-ship-
men, Of tin plate To the makers OF cans
shut downs % plants on the coast OF
Maine for two or three w~ehs mear
ldlAness for 10000 workers.
Structural work Is falling on sharp
~. June reports show $1,000 tons
hooked by fsbricators or 50 per cent Of
the capacity OF tho country For the
half year the total Was $4,000 tons, or
- per cent OF possible out put. There
has been a steady, decline since Fsbru-
sry when orders placed were IS per
cent Of capacity.
Industrial extensions. IN the ABSENCE
q bridge work and new apartmenr and
office buildings. have been tho back
hone OF tho fabricatlng Industry. nut
row the outlook IN all construction
NHes II unfavorable.
Heavy cancellations Of ships continue
- fEure II British Stce, market reports
md the Iutavorahlc inhuSnCe on tina
bodybuilding industry IN The United
states - recognized. Buying OF Amert-
AN plates Tor British shtpyards may
he expected - shrink. However. sur-
ing as II may seem. NEGOTIATIONS arc
underway for the purchase OF plates
IN this country for a German shlpyard.
the T.. INVERSION Nt Mark credits into dol
lar credits having fair prospect OF
going through.
Increasing interest IN the pig iron
market ror the f'rst hRlr ~ next wear
q shown IN the Contra! IVES: and the
Fast, bur both furnaces End meters
are cautious The Buffalo company
which recently sold 1000 tons a, s45
fur that delivery has declined 10 book
any more and another Bufal" company
- ASKING $40 with no sales reported.
Thr NirE.ull company. which last week
rut"~ed tho market IT SIf for flrst hall
sold very snail amount. ami rrAstsru
PENNSYLVANIA furnaces which named
that nEurn have made fnw II any SALES
on the whole. the market FOR the first
six months Of 1921 Is far from nring
determined In tho Pittsburgh district
the scarcity 81 basic IL pronounced and
iron OF this grade may =" brought from
Alabama furnaces. from which Il can
Re delivered in Pittsburgh at So or
univ 80 cents more than The prevailing
price in that district for northern
has'c. The Philadelphia market on
basic - higher. An Interesting feature
~ the recent trouhlnuT times has been
The comparative comfort NJ operation
~ southern stacks. owing :" tho proN.
unity OF ore and coke. but these pro-
du~erS will be hampered IN comhetition
IN mort fRrn districts after Tho expected
freight advances become effective.