New-York tribune., 1922-12-03
Steel Industry
Shows Steady
Upward Trend.
Some Seasonal Dullness Is
Felt, Due 10 End Of the
Year Inventories, Diff.
culties Clearing Away
Good 1923 Trade Seen
Some Mills ON a 100 Per
Cent Basis, Employment
Plentiful Near Pittsburgh
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PITTSBURGH. Dee. 2.--Exespt for q
certain seasonal dullness due 10 end
Of year inventories and other natural
doterrents, the steel Industry 10 nev-
Ing steadily forward, With no recas-
sions IN any line. Signs point 70 =
very active hrst quarter and for .
good year throughout 1898. Most of
the dilieulties which beset the present
year are clearing away, and the road
appears 10 PittsburGh district manu-
facturers 20 be pretty well open %
rood business next year.
Toe political situation, which had
caused some worry owing 10 the threats
made BY the farm bloc and labor ele-
ment 81 holding Up constructive busi-
ness legislation IN the next ConRreas,
which meets In March, 1923, IL no long
or regarded With sppfehension. There
Is ample signs that the leyel-hsseed
progresslves Of Whatsver party do not
propose 70 ruin the business structure
of the country In order 20 appease
the dissatished Western farmer.
Legislation % help the farmer is
looked for oy steel men, but only as
much as will actually place him IN q
better relation with all other Indus
try and only that share Of new iegis-
latlon which rightfully belongs 70 him
and which will help business IN gon-
erAl through helping the agricultural
Industry.
The stssl conditions At the Home
stead Steel Works and the Duaussns
plant OF the Carnegie stesl Company
ar on the upward trend, All The
Mills are operating and the produe-
zion this week Is good, With ths out
look Exceptionally bright. The stFue-
tural and the plate mills are leading
in tonnage output, with all forces
working full time. itrri,
Work Plentlful ss.se
The boom IN the steel trade and the
demand for workers leaves 10 idle men
In the steel towns, and those desiring
worA have no trouble In Obtaining II
In the Pittsburgh district, which is q
contrast 70 industrial conditions ysaF
ago.
being maintained at the Farrell works
Of the United states Steel Corporation.
The American Steel and Wire Com
pany, AZ Farrell. took inventory this
week, which resulted IN some Of The
departments slowing down, but The
mills will be back 20 normal next Neek.
Blast furnace activities viii rot Be
lncreased next week, but indications
are one or two independent furnaces
will be lighted before long. The
youngstown Sheet and Tube expects 20
blow In one Of les Hubbard stacks.
The Ella Furnace AZ West iMddleseS
will also resume AZ = near date. The
sharpsville Furnace Company has
ewNrded che contract 70 the ". B. Pol
lock Company, Of Youngstovn, 20 re-
bald tht stash AZ sharpawlls. The
plant IA being overhaulsd and the out
put considerably increased.
Both the Pennsylyania and STANDARD
Tank Car companies are running Al iuIl.
capacity At Sharon. II IL said ths Tor.
mer concern "a IN the market Tor steel
for 300 tank ears, which VIII oe Duilt
for the Pennsylvania Tank Lines. Ihc
Standard recently booked On adeitional
order for more than 200 cars for the
Phillips Petroleum Company. orders
booked by the Standard company dur
ing the last couple OF weeks are said 70
total upward OF alIVVV,VVV'
output increased
The Valley Mould and Iron Company
has increased It's output at shsrpsyills
and Is buying its pig iron from The
ClArie furnace az that place. The She
mango Furnace Company efpects 70
blow in rs third stack within 4 few
weeks, and its hot metal will be d.
yertsd 10 the Valley company.
Pine producers arc In an especially
comfortable position. and their .un'
Allied tonnage will carry them well into
the next quarter. In addition % tne
untitled orders already on the booke,
new business Is being constantly added'
The Jones q Laughlin Steel Com.
many. youngstown Sheet and Tube and
the Republic Iron and Steel Company,
among the larger independent interests
manufacturing pipe IN the country are
GENERATING such departments At a high
rate. Plates are nrm At the &c base
for heavy material, while lighter plates
are commanding 2.i0c a pound. lhe
Brier Hill Steel Company IL operating
rs g4.lneh mill steadily. but its lsz'
inch unit is operating on a less active
scale.
makcrn OF Hlkn hHtahN-
tinue In n vory comfortable opereung
position, having a good, satisfactory
untitled tonnage. The price 10 nrm az
Sc In this territory, and the nil Is are
booking tonnages for delivery during
the next quarter At this figure, which is
Sc ton sboye the Corporation leysh
Because Of the uncertainty OF the
mig iron market consumers have been
buying cautiously for the last two
months. ana Il Is declared In some
aunrters there 10 a heavy overhsnKiag
demand, estimated a. much as 1000
600 tens. The last sale Of consequence,
involving 1000 tons, was made A.
1880. and the guess - 70 price which
will prevail over the next quarter -
Actual resumption Of the big River
side works Of the National Tube Com
pany got under way during the wee <
AZ Benwood. STEADY improvement is
looked for until the plant Ia operating 3
full, which employs $500 men and y
one Of the largest plans IN the Whsl-
ing district. The pay roll runs 1900
600 monthly. The plant has been idle
FOR twenty months. and Il was believed
for some time that the Steel Corpora-
tfnr fnfarded "a abandon IL