New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04

ating one blast furnace. g..
hearth furnaces, one oioom,'s
and FIVE sheet mills.
Newton Steel Company 1.
ten sheet mills and the i Spefs
q Co. is operating twenty-five 3. IN
furnaces. Two paisz
Falcon Steel Company and NJ.
Valley Steel Company are ;dis
For the entire Youngstown !,
AZ per cent of open hearth ais
are opersting; fl per cent ~ .lufhss
mills; so per cent of the sh. ae
and one Bessemer plant opeyss;
OF three. It is understood tsay
Youngstown Sheet and Tube s
will bank one blast furnace no S;ohpsf
The Cherry Valley furnas. s se.s
United Iron and Steel CAM u
Lsetonis, Ohio, was blown in p ss,;..
Der l, after being idle for ny.
months. This is the frs, rss ssslad
furnace In the valley to be l;yS..sso
since the shutdown. This f s,ase .
owned by NJ. A. Hanna & Co asee
Another important develo.n
industrial circles during the Wal
the announcement of the r.ss
of the Valley Mould and Ir ssHe''s
pany's plant and the blowinss !, veg
Blast Furnace of the Shenar.',
mace Company, at Sharpsville 3 ~
Mould plant will start Wedn,,a.. n
viii operate at SO per cent of ess...
Much significance is attached
starting Of the plant, as i ~ q
moulds for use in open hearth sa. &c
The blast furnace will be livbt.a
day or Sunday. As the result a !.
ing these plants the Baltimore i y
Railroad Company will nut th,s pas
crews on the road, as it trss,.sss
metal from the furnace to the VT
Mould and Iron plant. a']
Due to an improvement in ~. Il
plate market, the American Sheet :,
Tinplate Company is operating ,ss =
mills at its Farrell (Pa.) wort. -
prospects bright for starting tsr ~, ~
mills within short time. Ths,. ' =
be ten mills idle, but all o. ths rs
men will be given employment 3
sheet mills will operate at fri, !.
pacity next week. 1t is reported :
though not verified, that the Cs,r.s
Steel Company will start. a part ~ 4
Farrell plant, which has been idle s;,s
March 10 last, at a near date.
The Homestead Steel Works .na =,
Duquesne plant are fiutterinp At ~
msrk this week. and thousands 81 ~
workers are barely holding on Ia III
jobs. Only small number ~ 4,
naces in the open hearth deuar,r,,
are in operation to supply q few |,
the mills that resumed Operations a,
week on a slow schedule.
An interesting situation hss as,.
oped In the pig iron market, in viey ,
the reported advance in quotations !
standard basic by steel works MAKE,
and other interests. Several wee
ago, in face of buying revival in u,
tually all lines, makers of pig iron !,
nounced an increase in the price fra.
S18 to $50. Initial announcement Y,
made by the Inland Steel COMPANY
Chicago, and was closely followed
the Brier Hill Steel Company.
Youngstown, and other interests.
Absence of transactions at the hiei.
figure. however, has been noticesbl
though one sale involving 1000 tors
iron has been reported, which igur,
back to basis of s19. Valley. II
buyer was a Pittsburgh concern an
the seller Cleveland interest.
Consuming interests, on the othe
hand, maintain that the pig iron ma
ket is still at s1S, and that iron il pu
chasable at the lower quotation. o.
large consumer states that ne b
bought iron in the Valley at sls sin
the reported advance to $40, and 4
clares the propaganda for higher D
iron quotation is unwarranted, in vie
of the weak demand, current low st,
of blast furnace operation and deeliu
in finished steel commodities. A high
iron marke tin the face of lower prr
on finished products is illogical,
eYrJaioa