Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-30
8 EDICTS STEEL
IND IRON BOOM
n NEAR FUTURE
Official Says Industry Near
Great Production
- Period.
NEED FOR BIG OUTPUT

WASHINGTON, Sept 30.-The steel
and iron industry within short period
will be plunged into the bigges. produc-
ton period in history, a leading official
of the Administration predicted, refusing,
however to permit the use Of his name
The official who, before entering the
Harding Administration, was closely con
nected with the industry and lived in
big Pennsylvania steel center. is in a
position to appreciate the trend.
With the revival of business now grad
ually working out in the United States
and to a certain extent abroad, steel and
iron production, it was said, will soar
to a tonnage greater than the record set
up during the war period.
REACTION To FOLLOW
CENTRALIZED PRODUCTION.
War period record production came in
1917, when the output of steel iugOts
and castings was 45,06O667 gross tons,
and that Of pig iron in 1916 when the
output touched 80 ,439 900 gross tons.
The extent of the predicted boom may
be gagged fron%Ihis years rate OF out
put, which in s1eel ingots and castings
is 25,OO0OO0 gross tons, and pig, a.,
100000 gross tons. This years prOduc-
ton is far below that Of the pre-war
period.
The boom in steel win result, It was
stated, from very extraordinary demand
made necessary by curtailed production
all over the world for more than three
years. The world is short millions of
tons Of steel and iron needed for re-
placement Of factories, bridges, ships,
railroads. automobiles and a thousand
other industries
RAILROADS NEED
REPLACEMENT STEEL
Dn4T-
buying at a rate three times greater than
normal because Of the unusual need for
requirements.
Enormous extension in plants and
equipments, developed during 1916-17-1S
To meet the war demand, but now idle.
VIII be called into play TO meet the
coming needs Of the United States and
OF the entire world, according to the
prediction.
Nearly 100000 wage carriers and sal
aried officials and employees will be
needed by the industry with the resump-
tion OF ful-time production. Persons
smpioyed in the industry now probably
DO not exceed 100000
Millions would be added to the Dur
CHASING power Of the American consum-
er by a revival of steel production on q
large scale. Thousands of coal miners
would be called into the mines to get
oys fuel for the furnaces.
4@YNDIANA RANKS
THIRD IN INDUSTRY.
Wage-earners Of mora than thirty
States have vital interest in steel pro-
duction. OF these, Pennsylvania ranks
hrst, with steel workers numbering more
than 100000 in normal times. Next comes
ONO, followed by Indiana, Illinois. New
York and New Jersey in the order
named
Among other States in which steel and
eteel products are produced IN large ouan-
4 titles are Delaware, North Carolina
Maryland, Michigan, Illinois. Wisconsin
8 and West Virginia.
q More than S2,00000o 900 now IS invested
a IN the industry, according to Census Bu-
- resu valuations Of which a large ner
¢age Is earning nothing or next 70
s&pCthing Nearly 1000 concerns are ready
g take advantage of the boom when II
Zones, or, rather, if it does come. in the
Mproportions predicted. Between coo ana
700 plants are ready to run out castincs
"a pig and steel products.
d BALDWIN PLACES
81 BIG STEEL ORDER.
II The Baldwin Locomotive Works has
d placed an order for go tons Of steel
Il plates. The material will be used in in
sing a contract for locomotives racent1v
Mplaced by the government Of Chile Re.
&3ports in the steel trade are to the effect
- ne order was placed on a basis Of q
ents per pound. Pittsburgh. or S. nor
- under the Official quotation. "-Conr-
#sht' 1Jzl' by Public Ledger Companv