The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-31
GOOD BUYING
IN THE STEEL
TRADE SHOWN

New York. March 3o.-Tho Iron age,
IN rs weekly SummnrE or tho iron aN"
steel trades, Will say tomorrow:
The steel companies have gained
ground IN the raSt week IN their en"Ft
70 ntrnrro py!cos. The moro aCH'"
buying that dates from the second week
oc March hos continued and the rare Oh
s,ecl works operation - st!l cNmp!nE'
Apparently both producers ana con-
sumrrs Ct stool have been surprised NJ
the rate It which buying has developed
Indications now are that March book
lncs VIII show the largest total since
July or August. 1920.
The Steel COrporat!On's statement Ms
20 its policy. made lAto last week ttntcH
% ada strength - the market, hut ga
no name definite prices. 1t Is interprc-
tod - moan that the corporation VIII
FOLLOW promptly any advances eSt"D-
N:hcI hv its competitors. While some
snail sHlcs Of bars. shapes and plates
lave been made Mt 1.50c Pittsburgh
;hc fact IS that business Is still being
taken at lower figures where transac-
ions were lnFt open until April l.
no Serious Fuel Scarcity
With oMlv three days rrmain.nE be
rn"r The r.r-t''- Down or union coal
nsnca. tn" steel trade shows litue
rhangN IN its attitude. tho opinion st'il
,rcr.,rrmr that 10 .er'nuq fuel scarcity
can -, ,ro.,u.cd. Some producers Of
steel hesitate 10 blow in additional blast
"rrr2rcS. 10. for fear O. enrichment
Of tNn:r own Operations. hut from un-
,.cr,n!Htv rs 10 the cUci supplies OF their
customers.
Steel CORPORATION evanston IN pig
IRON OUTPUT Is even greater than was IN
q atcl las: w,"'i. I"slcal OF six blast
Furnaces rnSumipr. the revised schedule
,.a'ls fAr tho a'ariirG OF N'ur. the other
thrcr hr'nE y, Charlton. FNCar Thomson
nrN Now Castle. ono Republic stack
VIII bow in next we"i.
Tho Stsn, Corporations operating
rate continues this week on tho 10 ner
cent basis. indicated In Chairman GnrTs
statement OF last week and It's recent
bookings ore probably Hvcra ~!nE 65 per
,..,t 90 rruac!tv IndCpcrdcNt com.
rrn'cs are probably averaging 90 per
..rmt !n DroIurtIon. putting the industry
- = whulc ~ about Go per cent.
Tho uprc-most consideration with
hnla Producers and consumers IS whcth-
"r In III" wake o. tho large business
ru' on TO books nj low prices there
VII 10 huy!nG sufficient 70 sustain the
r~ic" advances. Juhhcra are now sup
piled Cor three or four months. Cen
cra,ly manufacturers nave not bought
HAT car ahoHd. apart from car and
structural contracts.
Railroad Ruying Heavy
Rai'r0ai equipment buying Is heavy
and mere Is IN prospect. The A,Onn
Norfolk 0nl Western cars just placed
and Tia 1000 for the ST TGul represent
n.nnO tons or stool. Pending inquiry
points :" very substantial contracts
ahead, III" New York Central needs
Ncin; PUT ut I5.nnn. These with inqu!-
rcG already ont or expected from 'hs'
PENNSYLVANIA. Central Of New Jersey,
Southern Pacific ana Louisville & Nash
lillc make total IN prospect OF $1,000
or 30 rcr cent more than all the cars
bought las; year
New rail orders OF the week have
Included about 10000 TOES taken by the
Steel Corporation.
WEN Fabricated steel lettings total
Ing fully 5000 tons taking IN only
rro'crts Of size, the past week and the
week j,rccr!,n: with q TOTAL OF 10000
tons) both 'ndi,lt" bookings by the
i.rl,,"n and structural shoNe or the coun-
~ st a rae over l0p per cent OF ca
?ar!tr.
Radiator companies have been con-
er!ru"is again rs buyers Of pig iron.
"nc company having placed 10000 tons
lat Chj'a"" for western plants. with n
s,:Hs;nurinl CONCESSION IN price made on
T, o60 tr.e NJ PITTSBURGH apparently
HE 'nsl basic available nj SlS has been
rIr..hasod.