New-York tribune., 1922-11-19
Better Steel
Showing Seen
La 4tll Q,lart,,
Year as a Whole wu, !
ceed Anticipation y J,
the Industry From y
Standpoint Of Eara,s.' Y
SceotaE Dtapasch = ~. ,

,,,s,rs,,s1 psV,as DsoSe''ch to The Fsssss.
PITTSBURGH, Nov. ID. .. /
standpoint Of earnings n az ron N
steel industry 1922 will nya.. 49, 'f0s y
year than Arst anticipates = 'st
dependents will show fairly IS. aaa
ings for the fnaI quarter, ss,,l s,a ~
will show good ssassm.as. 4.' W.
year. ias I'll
IL is rsportsd that sa,ns..
Youngstown Shest aud Tuhs = =
on operations In oetasss 1s's nj
mated ii 1000, 900, and dbss' go / .ssss.s.
pany will earn fully 8 nsx ss .' ssls ~
charges such as deprec.stion s ~. h
dtvidsnds. Except for n sa
months Of the year the ss,',. ~ ss'!lsi
been showing profits each ,ss.sa psl be-
sales OF the Company fbss Gies
forecast at $50, 900, COO ' Ssss ne
Another Independents vA,..
able 20 submit q fayorsbss s. w
port port ssis 60 its estoekhoiders is III sss 1
6uli steel Company at War,sss - ~ n
In addition 10 earning IT, ls Sssi
the company will hays ! hsfsss slfs.as
add 70 surplus after dsuresss,sssNs ss i
and other fzed charges. TLs T',Sa Ts.s s
company has made gsns,ans .'sssa y
ances aos reg depreciation account IN =
Because Of its sonevSs.
t1nishing capacity the Brier Hi nsSS' !.
company will not make su,f - ~
showing, though its ouaraisna ss
this year will likely eas.s ssss
charges and taxes, but nes L.. lis
tiofi. Directors have S..,sss
adding tube and strip mill Ds''.
Prices stabiliziix
Prices are stabilizing at eur,,u, S.
els for the time being and Az ,s.s "a ~
enced TO some extent by fusI Mi .s.s .,sas
Blast furnace coke is now uurstss.sl. ~.
under 81, but operators comnI.,. 4
much Of 1t is poor quality ~ 49, -
adding to costs. ssssa'II
George F. Alderdics v;.s..,..,.
of the Brier Hill Company ~. s..sssssl e,
prices on plates are firm 81 sr,,s., -
levels. He believes that eorsss,,.ss.' Ss,,ss'
shest tonnage is row being hsls h,sisss 81
pending announcement Of Srst n,,s.. =
prices. Mr.. Alderdice looks fos - =.
porous conditions to prevail II Z
first half of next year.
In tfnplats an advance u sxss =.
base box Is now being diseus,ss -, :,
compared with current prices rsnv,so
from $3.50 TO s4.T5. The bi-mcSsS,ss
average on tinpiate shipments by Il.
principal rid-Western inasusnssr,
mills has remained at 1856 fsy 5,
last three bi-monthIy periods. and stss
has been less Auctuation In tbis 4
vision Of the industry, insofar as 81,
changes are concerned, than in =
other. Makers are in cornforss
operating position for the present n
report substantial overhaugns q
mand.
In sheets there has been q wids s.
tuat;on IN prices during the lsgz
months. The market Is now eass
at 4.35c for galvanized and s.sks
black, base cages. Some ints.asss
endeavoring to bolster these cuosn
on first quarter business, sspeeaiyr
galvanized sheets, which sAg dls
should carry a higher diEagsI n.
cause Of advance speiter sssIg
Demand for Roofn
There Is considerable dsrua Il Al
aggregate for galvanized rasfss ysss
ucts from Southern eonsuner, Na
annealed quotations now ranging irss
2.50c to 2.65c. Buyers are lrrr
placing orders against innedIafs II
quirements, though thers Ii much &
quiry as TO the price situstioa lg
year.
On full finished automobile toty e.
fender stock, the price Of bs is isaI
for the quarter, with plenty Of hsa5
ness in sight. There has bsea'a . d
in new buying recently becanss d y
approaching inventory period. ID
Newton Steel Company will s.T
several of the new mills which ~ Y
ing added TO it's Newton Falls fia
ready for operation early nextfH
Demand for iron and steal rrsEa
is greater than it has been for sE'
months and officials say thst tbs Y
mand viii doubtless continue fuf
indefinite period.