The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-14
IRON REVIEW

New York, July 1.-The Iron Age in
its weekly summary OF the iron and
steel trades. tomorrow will say:
The oOai situation has grown moro
serious In the past week from the sand
point OF the steel industry This is
due in part TO lessencd production Of
coal last week. but largely 10 car short
age and congestion produced by the
strike OF railroad shOpmcn.
Conditions are so acute with Tie Nor
folk & Western, Louisville Il Nashville
and Chesapeake & Ohio railroads. which
have been moving coal from Kentucky
and West Virginia mines To coke ovens
and steel works In Western PcnnSyl-
vania and Ohio. that number OF pig
iron producers are facing blast furnace
shutdowns Coal shipmcns ut tn"
Chesapeake Il Ohio have been reduced by
SO per cent in the past few days.
The Steel Corporation l. now opcrat
ing at slightly less than - per cen; Of
steelmaktnG capacity. az against more
than - per cent In the two or three
weeks preCcedipg Some Independent
steel companies ar" doing nearly ~
we'll, bue several Will he forced to cur
tail production If the situation is not
soon relieved.
While a hopeful view Is taken Of the
outlook for early resumption OF coal
mining under the Presidents plan, tho
railroad congeSted. II Is feared. may go
farther. with the season of grain move
mcnt just ahead The iron ore move
ment in Minnesota has not been aftcc-
ted, rs per cent OF Steel Corporation
shopmen remaining AT work. On the
Bessmer and Lake Erie railroad. which
takes ore from Lake Fri" TO the lIitS-
burgh district, none Of the shopmcn
wen out
The Juno output Of steel !nso;s did
not show the expected Increase, tn" cs-
t!matcd daily rate for n" country he
inc lla.I6l tons as against lli.,i1 tons
in May and the July rat" promises 10 lee
The cotton tie season has opened WIKI
less than either.
transactions at SllO per bundle. ritts-
burgh, though business is reported At
I$1.O7. Last years price was 49,.
European mills have little chance At
this market on the present basis. which
is the lowest level since 1915 Recon;
foreign quotations have been bases on
Sl.3S Liverpool and Antwerp. y, $40
FOR cotton the Southern planter gets
nine times as much for cotton ties as
he pays, since the ties are weighed Win
the bale.
A notable feature OF the pas; week
has been the number and size OF orders
from the railroads far car and !oCumo-
tive repair work in view Of the ir."noSs
Of their own shops. Threel rage lines
have asked for bids on repairing 5000
oars. New locomotive business IS good
also. In the past two weeks orders
have come out for 60 engines and active
inquiries call for ll9.
Tho Union Pacific has placed 1000
tons Of rails at Chicago and the South
ern Pacific has given new order to the
Tennessee COmpany's mill At EnSlcy
Ala.
At Chicago the outlook for arr'Cul-
tural implement works shows further
Improvement and steel mills arc getting
more business from this source.
Owing to uncertainties as to the coke
and coal supply. both buyers and sellers
Of pig iron are very cautious and few
I'm portant transactions have been re-
corded Alabama iron is again quoted
at SIS, a decline o. soc. hut the Souh-
ern situation as to stocks Is strong. as
only $4,000 tons was on hand July !.
compares with 23@. tons a year ago
and so, 900 on June | last. TIL" melt Of
Southern iron Is the largest ever known.
Basic iron has declined 81 AZ Pitts
burgh 10 a basis Of S24 Valley.