New-York tribune., 1921-05-01
Observe New LeueL

Makers report that the new prices
are being generally observed. In fact,
one maker states that he received "a
small order for galvanized sheets this
week at o.26 cents, which compares with
the nominal quotation of cents.
lnslntent on the part of automobile in
terests for speedy sheet and strip
sheet deliveries features that market
and encourages makers to believe that
such business will run into third quar-
ter and bolster operations which might
otherwise suffer from seasonal decline.
Full finished sheet inquiries have aver
aged small in tonnage, but large in
number, indicating evidently that re-
qulrements have been used to even up
unbalanced inventories.
independents are quoting $500 on
tanning the 1.5Oc differential, above
the black sheet base. The price is
regarded as fairly firm and compared
with 1c differential on the leading in
terests indicates that full finished
sheet demand permits maintenance of
slight premiums.
Sheet business has stimulated the
sheet bar market and one interest re-
ports that it has disposed of upward
OF 10000 tons of open-hearth and
Bessemer bars, chiefly the former. at
Following the increased inflow of
business prior to the price advance by
the Independents to the 1925 base
there has been some slackening in
wire and nail specifications. Makers
are working out satisfactory untitled
| tonnages.
| New tin-plate business is showing
strength at $6.25 per base box, hold
ing out hope of increase in the operat-
ing rate OF 60 per cent, which now
prevails. An indication Of the senti-
ment is found i'll the fact that the
Trumbull Steel Company is converting
number of its shset mills, which are
interchangeable, into tin-plate units.
C0cy end Coke Weak
ri coal, coke and other raw mate
rias markets are weak. Some inter
csts are buying coke as low as $3.50
while the average for coal is So. Heavs
melting scrap is quoted as having
changed hands as low as s12
Leading manufacturers in the
Shenango Valley are marking time in
anticipation of a. gradual recovery of
months. They are not building uu
any false hopes that there will be any
thing like normal business before next
fall, but they do believe that there
will be an improvement that will give
many workmen employment.
The resumption of the sheet mills
and sixteen OF the hot mills of the
tinplate plant of the American Sheet
and Tinplate Company at Farrell ON
Sunday at midnight was the most
cheering industrial announcements
made here for some time. 1t means
that 1900 men will return to their
Jobs. The American Steel and Wire
| Company is operating three days q
week, except the field fence depart
ment, which is on full time.
No improvement was shown during
| the week in operations in the Cambria
Steel Company plant at Johnstown, the
mills operating at about the same per-
centage as they have been for the last
| several weeks, with no indication of
improvement at present.
| Approximately 80 per cent of the
mills in the Homestead Steel Works
and the Duquesne plants are in opera
tion this week and the output of the
big plants is the smallest for many
| years.
The steel workers work two to five
| days week, while large number of
them are idle owing to individual mills
being idle for weeks. The Howard
Axle Works, which resumed operation
last Monday, closed down Wednesday
CAPRI 30. Open Hearth No. is down
also half OF Nos. and 8, as we'll as
! the 72-inch mill and the 33-inch finish
ing mill in the Homestead Steel Worts