New-York tribune., 1922-06-11
Manufacturers Feel That
Call l. Likely Even
TO Expand With the
Appearance Of 1923
Higher Prices Predicted
Requirements Of the Rail
roads Are Furnishing
Big Outlet for Products
sDll-aI D0io'lA - n. TrIs.rs

o. flb Ter prices lN view NI iNlt Ifll'Ns
Furthermore, manufacturer point olt,
the coal .trise hos been instrumental
in increasing production costs.
Il is accissod The Industry would bs
operating virtually a. normal but FOR
the coal strike. Independent Interests
forecast an appreciate improvement in
the coal situation by Jlly .n the nor
union fields. but anticipate long
drawn hgnt In the union regions. Some
OF the larger industrial consumers pre-
diet tnat thc union mines may not get
under way before October ].
Railroad requirement. are aford.ng
big outlet for steel products, botn
for rehabilitation and rev equipment,
including ears, locomotives, rails,
bridges, track fastcniEgs and ne Ike.
Wlth the resumption u additional
l open hearth furnaccs and fne last ~
F the group % three blast frnaces the
Carnegie steel plant az Farrell viii
operate at between 30 md 100 per cen,
capacity. The departments Wlicn are
stlll de are me skelo mil ard three
batteries " coke ovens. About 1000
sddit .onal men aye employed By ,he
/ starting Of other departments. With
/ the sheet and ,.npiate nl.1 of ths
American Sheet ana rn1.1fc Company
and the works of tfe american steel
and Wire Company in practically full
operation approx .mafeb pV.l rsn are
employed In Farrell alone. This is tns
nrst time IN nearly 4 iraf a11 nalf
that the steel corporation plants have
/ operated SO near 1911 caIaci'y
Two at Full Capacity
Encouraging news has been gwen ogs
by the NheoIrg steel Corporation this
week concerning operation ~ its mills
IN inc Wheeling district. Two plants
Of the Nhrnker-Gicsarer Company
subsidiary of the wheeling steel Cor
poration will be- working % fuil capac-
ity by nest week. one ~ them having
leon put cn m full this weeh and the
ether. thc iasghir sheet NIL i'
Martins Ferry viii 20 on IN full Non
day morning The Crees MID i1 East
Wheeling. has been worSi1g 20 capae-
liy his wcog.
Sheet bar prices vlil probably con-
,inue az S95 through july 40 least
20 rcgula. customers Republic Iron
ard steel has named this prl co. but
hes little .srplus tonnage for tne msr-
chant trade. lts own needs and those
Of is regular customers will largely
require its capacity. Irregular buy.
ers Of shec, bars will have % pas
higher price. One Mahcaing Valley
meker pdsricts that sheot bars may 20
20 $40 before he end o. the third quar-
tor and looks for $3.50 price 20
apply on considerable tonnage.
Prices Of sheets show s0me yaria-
tiors. ranging on black from $3.50 per
100 pounds 20 $3.50. with proper
tionate direrentill Tor galvanized. 4
number Of interests are well sold ahead
4 arFaafaa
sheets rance from 81 30 70 t2T5.
The Newton Steel Company n.
nounces IS ton adaynce on 10. %
gauge auto body sheets Tor third quar-
to- delivery. bringing the price -
! Sab. This compares with $3.50. which
applied on much second quarter tom
/ mage Of This grade though consider
able tonnage was rolled az Sf.35.
Pressure for full finished sheets Is
strong and representative Of suyers,
/ including particularly auto and body
/ companies and warehouse interests.
arc visiting the district regularly IN
/ an endeavor 20 expedite shipments and
/ 20 enlarge spccihcations, y possible,
A warehouse interest IN the Detroit
/ district recently offered 20 pay $40
/ premium on 500 tons Of highly finished
| sheets, above a sB.75 base.
Employment Normal
Mahoning Valley industries are op-
/ Grating AZ an average of IS per cent.
/ Employment conditions are approach
/ ing normal. Mills have a comfortable
/ backlog on their books and there will
be substantial earryoyer from the
second % the third quarter. Prices
are being determined largely on tay-
to-day developments IN many cases and
upon the particular circumstances sur
rounding the order.
Since withdrawal Of the Youngstown
Sheet and Tube Company from The in
dependent merger, plans are seing oe-
yeloped and considered 20 increase the
company's position in the trade. The
negotiations for the merger revealed
the fact that independent pipe pro-
ducers in he Chicago district enjoy
a substantial freight advantage over
/ Youngstown makers IN shipping % the
| Southwest. Bulk Of toe pipe output OF
! the youngstown district and consicer-
aJle plate production moves 70 SOUTH
western territory.
Freight charges from Chicago are
/ from 50 20 81 q ton lower than from
/ youngstown, On pipe. and methods are
being devised BY YoungstoNn produ-
GERS 20 equalize this situation. Two
plans are under consideration-one Is
/ the construction OF Western pipe
plant and the other is the building of
| a railroad from the Valleys 20 the Ohio
/ River By this means steel could b
shipped 20 the river and forwarded -
the Southwest by water. Such a road
would also be available, u is pointed
out, in hauling coal into this territory,
and would affect substantial savings m
costs. This is more fully understood
when IL is realized that one company
the Youngstown Sheet ard Tube, Tor
instance. consumes over 5000 tons OF
coal each twenty-four-hour period.
II is reported that the Sheet and
Tube Company has Rad an option on
property In the Chicago district. n u
Is decided TO build a pipe mill plant IN
the West.
The Csnonsburg Steel and Iron
Works, Canonsburg. Pa, has placed an
order with the Etna Foundry ard Ma.
| chine Company, Warren Ohio, for GAL
yanizing equipment and picking tanks.
Myron l. Arms. ID, president Of the
. Warren company. reports heavy
\ prospective demand. with some busi-
/ ness coming through as earnings of
independents improve
! The Standard Tank Car Company
4 which recently vas awarded a contract
for building 100 box ears for the
II Atlantic Coast Line and also one for
repairing 100 railroad cars BY east
ern railroads will have enough work
on hand 10 keep the plant working az
full capacity for twelve or fourteen
months
SHARON, Pa. June 9.--Orders have
been issued 20 get the skslp mill ot
the Carnegie Steel Company in Farrell