The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-14
COAL STRIKE il
SLOWING Up
IRON INDUSTRY

Now York. " Y. Aprtl 13.-The Iron
Az. IN It's weekly summary Of tho Iron
and stool trades, tomorrow will say:
The coal strike has become . factor IN
Che iron and steel market 70
greater extent than Was deemed lAe1
one week ago. Tho stoppAee OF hinine
IN non-unior fields. and particularly AZ
the Connellsville region. has gone 70 mo
point Of causing the banking OF NUM-
hor ~ hast furnaces In Ohio and tho
Pittsburgh district, and plans announc-
I'd recently for starting other furnaces
are in Abeyanco.
Already advances In pig iron nave
been made At several centers. amounting
In the East TO 81 per ton, and tho pos
sbtlity Of a temporary scarcity mas en-
tered Into the calculations Of Some pro-
ducers and q coed many consumsrs In
finished Etepl products, while no sen-
oral price advances are traceaole 10 the
coal strike, tho restriction OF the non,
union output Of coal has stinsned III
"a arkets and led Some steel com pan,es
10 stop selling.
Much Nov 1nA1saA
The week has brought large volume
Of new business to tho mills, q gooo
part Of tho closing OF options re-
Gently given, but some OF IL also oue
to the turn tho fuel situation has TAKEN
The Steel Corporations March increase
Of $4,000 tons in untitled orders was
ono evidence among several that the
size OF the present buying movement
has been underestimate. While moro
non-union workers than expected went
out at Connellsville mines, relatively
few have Joined tho union. Idlensss
lust before Easter Is not new, and It 10
agreed that next week will more clearly
show tho extent Of tho tteup.
In the Chicago district the Steel Cor
porat!ons has an 80 per cent steel WORKS
operation this week, which Is high point
since the summer Of 1890. At the open'
lnr of tho week Its Pittsburgh district
steel works was running close TO 70 Per
cent. TAa steel ingot output In March,
estimated 2.el5,ooo tons, vas ~ per
cent higher rate than that OF Febru-
ary, and represented nearly 3t,5oo.ooo
tons per year, while the early April
ratio was nearer 100000 tons per year.
Affected ny Coal stz4ta-
Tho esta blishment Of $50 Pittsburgh.
as the market for bars, plates and
shapes has been helped by tho coal
strike At Pittsburgh skeip has also
como to $3.50 and that IS now the bans 3
also for light rails. In the advance OF
{. Der ton higher price on wire pro
ducts except plain and galvanized wire
tho two or three Independent prcducers
making tho move have not been folHW-
ed By the steel Corporation.
Fully 100000 tons Of steel Win b re-
CURED for railroad carr and locomotives
placed within the past week or now
pending In addition to purchasing Vs.
900 carr. the New York Central 10 eI-
pected to provide for repairs to $1,000
cars Locomotive orders include ~ Tor
the Now York Cantral Is for IL 5t
Paul, and 10 for tho GurlinEton. and
among locomotive Inquiries are 100 for
the Denver and Rio Grande, 70 for the
Buffalo, Rochester and Pittsburgh and
) for the Norfolk Southern. The nickel
plate has bought $4,000 tons Of rails and
there ara fresh orders from other lines
Fabricated steel put on the books in tho
past week. not including the $4,000 ton
Albany, represented - per cent Of shop
eapad1.
HufaH Asstyt1U.
Due partly to larEar demand for east
insa but morn To = fear hat the coal
strike Will curtaN pig iroa output buy
ing Of foundry Srsdos. especially In
Eastern territory. has bonn vary heavy
and prices Of Northern trims have been
advanced fully 81 while many furnaces
have virtually vitAdr9wn from the mar
ket. as they have iAFEs toAnaeas On
their books Southsrn iron also hAS ben
active and nearly an furnaces are quot-
ing SIS, but the msSkst has not b>s1
frn At that pRicA Basic has b>sA
active and ons WsStarn plata manu-
faetursr hAS cleAsd for nearly 10000
tons while 1900 tons vas placed At
Cleveland. Tho purchaser may hsrs t.
bank its own furnaces On Acocunt o.
the coal strikA Many smaller nnelterp
who delayed buying Iron are having
trouble getting what thsy want An
EAstarn steel company has bought Two
carHoes Of SWedish Iron ore, which can
be delivered at Atlantic port ut con-
nIAArah H. lnaa Nkan ala EnAAHdnR AHa