New-York tribune., 1922-06-18
Car Loading for First 10
Days Of June Show Gain
of > Per Cent Over May
and ID Over June, 1921
Export Trade Increasing
Railroads Preparing for Big
Business in Fall: Push.
ing Equipment Repairs
fr.rlaI D-.saieh - ~ Triba--

loI inc iftl zen Gays OF June, Nnlcn
show gain OF per cent over the
corresponding period IN May and IS
per cent over the same period in June,
1921.
steel products are moving In heavy
volume East and West. eporf bust
ness is increasing a. evidenced BY the
shipments 20 The tidewator p0rts o.
New York, Philadelphia and Baltimore
The average loading record is sig
r.hcan' in vev ~ the fact that coal
and ore movement. ordinarily heavy
90 This season. has been severely cur
tailed. Lake shipment Of coal have
been cgt down because of tho stgik.
wnil orc shipper arc waiting for
lover freight rates before moving
stocss from the docks % inland fur
races. Some ore .s being brought
down hy tho A. ~ Bye-s Company
for Cos Matte blast furnace a. Girard,
Ohio. whose ore stocks were complete
ly depleted when .f pert out % blast.
All rlirOads this territory arc pro.
pairing FOR heavy business IN tho fs,i
months and sre pushing car repairs.
Ire number ~ crippled cars on s.3e.
ffacks is FAST disappearing Car re-
pair plants are occupied FOR n long
period ahead. and choir operations are
sfording a substantial outlet fog
sheets and light plates
" 4. Thomas. one of ffe leading
independent stool manufacturer of
fho Mahorirg Valley. predicts a fYe-
year era ~ pro perity f0r tho indus
'rv. He believes wage rates viii BE-
advanced before tho end OF the year.
affecting c0mmon labor. New Yus.-
ness is coming forward ia volume.
states Mr Thomas n .s director and
member of thc eoclfIge committee o.
tho Br.er Hi.| Steel fonrarv. d..
rector 81 thc Mansfield Sheet and Tin
Plate Company. Mansfield. Ohio: %
The General Freprootrg Company and
q. her enterprises in the .iah0ning
VALLEY.
Prices in general are firm ard arc
trordIHg upward In "a moderate way
Higher fuel costs are being more fully
reflected ln production. as low-pflced
stock are bc.ng worked ~ A
Youngstown Independent. for Instance.
has sold 1000 tons OF Iaro.iing bilicts
90 i31. Pittsburgh which compares
with u nominal quotation ~ f35 on
scni-f nished material Another indr-
pendent recently sold tonnage n low
phosphorus washed metal % a Canton
interest az so, and has between 5000
ard 1000 tons on i's order books
Shot prices are appraised az from
250c 20 2.60c for blue aarealod: 330c
foi black and f30c FOR galvanized. base
gauges Demand for sheets which
lui.ed for a smc. has quickesed within
the past week. and independent max
ers have established o comfortable
backlog one cf the largest interest
Dr. booked two months ahead The
Lr'er Hill Steel Company. now operat-
ing twenty sheet mills, wil. increase
tho number o. fWonfy-eighf next
week, i's full equipment, when its
Empire rlart a. Miles. o.. gets under
way The Republic Iron g. Steel Com
pany Is operating sixteen 20 eighteen
sheet mills az rs Niles property, while
the Sheet & Tube Company has al o.
its fifteen mills IN action.
Pressure for full finished sheets for
automobile uses is especially firm, as
indicated by tbc offer o. a Detroit
warehouse interest this week % pay
Si05 pcr Ton for highly finished stock.
This is SO above the 4.75e price, 20
which most makers o. fu'l finished are
adhcrirg on third quarter business.
Demand FOR galvanized sheets has
tcen accelerated % some extent by ths
fcayy grain crop in the West. No r..
"a and l6-gaugc sheets. 60 inches vide,
are IA demand for grain bins. Kansas
representative Of district irdepen.
dent writes that the wneaf crop is now
being harvested, that The berry Is firm
and large, and 'he crop viii reach
20.0o00o0 bushels. as compared with
earlier forecasts ~ 90.0O0O00 bushels.
Warehouse interests In tho West are
beginning 20 anticipate their require
ments from this source.
The plate situation is picking up and
prices arc somewhat frmer 4 local
interest states that the iG0c minimum
has disappeared and has been super
seeded by a ii0c base, with plate ma
torlal moving Up 20 i.s0c Principal in
dependents are quoting l.ght plates az
2f0c and heavy plates 40 2e. with a
faiT run Of business coming through.
In the new wage agreement with
sheet and tinrlate workers the pay OF
timers on coke machines is reduced 5
per cent. while the doubor and heater
and their helpers will no longer be paid
extra when 2s-gsge shets arc doubled
twice.
hen made az S26. upholdHg this figure
as representative % the current market.
On 100 Per Cent Basis
Operations o. the mills o. the United
States steel Corporation In Farrell
continue on q 100 per cent basis. The
Carnegie Steel Company recently
lighted 80 third blast furnace and the
skclp mill is being oycrhaulcd and will
start within the next ten DAYS. The
sinteri1g plant also resumed this wck
The coking plant rs idle and u is not
known what disposition viii be- made 4
this unit fthe company. although u
Is rumorcd that lcw ovens may be
built.
Work Of rebuilding tho Shar'svilie
blast furnace, owned by the Allen S.
Davidson Company. II Pittsourgh. has
started. The stack viii be enlarged
and the skip hoist installed. New ore
bins will be built ard a new cast house
erected. The Improvement will cost
several hundred thousand dollars. The
Shenango Furnace Company blew ou.
one Of il furnaces this wek FOR i'm
prosements. The stack viii be renewed
and enlarged. which will increase the
output $50 tons daily
President l.. : Clark Of the Newton
Steel Company states present orders
are in excess % the output from the
eompany's current capacity and the
expected production from It's six-mill
extension. now under way. Capacity
Of the present plant is now spproxi-
motely 5000 tons Of sheet steel a
month.
Third Quarter Coke Supply
The TrumbultClias Furnace Com
pany has made arrangements FOR is
coke supply for the third quarter ard
It's stack will. therefore. be continued
in operation. The Sharon Steel Hoop