New-York tribune., 1922-11-12
Conditions Augur W.
for Steady E,apIoyme,a'.. :.
and Good Wages i
Workers in the Indu.,s' =
Buyink Shows a Rev;,,
Consumers Concerned I.
10 Prices which, VIZ
Apply for Next w., :
sneeial Dlsnaseh 70 rls -,

c9hololohs augur well for steads a1
pioyment and good wages fas sas2 eie-
POSTWAR difficulties have haes m9lsers
mated and the basis for jnsny;,.s eiila'
perlty has been laid. This 4 anu Aes
general opinion of leadiny ~. ~ Y m
tuTers IN the district. II 4ssss'at-
that all connected with ~ believed
vii benefit in a very naseriaj .aaasir
ing the next year. 's' |ay dps
Independents are snd...
cheek further price declinss seliag y TO
and buying shows revival sfeseri,
finished lines as a result. sese
strong undercurrent of sssss ls ss
the effect that sheet nrfeos s.ssnt s..ss y
the first quarter of 1922 ~, .ai - enter
oi me Ine oseei Corporation quotation. Dsss
es,.a manuIactaFers generally repoye !.
we s inquiry FOR next year delir..as & S
VIII apply. According to 'ss Az walti
CURES for sheet steel, strin ard sH N y.
piates, number Of important anti ~. ..gf
mobile interests ara plaun;ns = aate
eaa'iai'y Iaaa enlarge their production s1I !.
Heavy 1929 Demand
We have been persiste,t,..
the last week to name lase y. afgsd
motor car makers" states s'isss p
manufacturer, $50 anxious al lssalhg
consumers to be assured ~ sbs; slsse
materials. never saw snes sAsil raw
r. ~ ia G anead OF the opening of the ,sa1s ven,
ta+;on 80 som 10 name prices, but aun.
fa,, s.,oms VIII oe Forthcoming within
@ ~ weeks. The steel market hss i.
yes ssttled to stabilized level. folJa. y.
ing zee disturbing effects of the st,.Ss str;ss.
curing the suE1raer." Ass
me mills of the United STATE, e....
corporation in the district viii Hs;s
tease operations By starting tbs 4.
nun oI the Carnegie Steel Comnary.t
ta1fei., "a "a, next week; resumn,;as !,
Isie riverside plant of the Nstia.si
uoe company at Benwood. ~ va n.
yemper 20, after being complete,r =
pehded since November. l9Io. ;rsxss sss
ing production in all mills at Hon.
sSseaa' Duquesne and Charlton h. ,ss, i.
oarnegle Steel Company, and f,it -
taeing schedule at Donora. Pa. a. H.
fainerican ne Steel and Wire Com NAM ~
The Carnegie Steel Comnany bss..
largest number of furnaces in bIs.. -
any time this year. The Nev;lis ~
mace was lighted this week :, va;.I III,
brings the total to forty. saaa
Many independent furnace. 8.
Idle, viii soon be on the acs;s. e.
Ihls is indicated by the resnrs;;,. =.
sne o,aire furnace of the Rclissse Irap
o. SoAe company at SharpsTsse. NJ,
Tehper ~; the blowing in of the Fsp.
nIe furnace at West MiddIesex ata
near cate, and the Stewart iron fur
mace at Sharon will also be lighted aF
an early date. '-'ss =
Inc Tod moundry, at Youngstown. Of
ehe United Engineering Foundry Com.
gany' which suspended operations ia
May' 1918. has resumed. Plans Of tie
standard ) Tank Car Corporation, Petro.
.sum iron Works, Pennsylvania Tsnk
Saf Company and National Maileabl.
castings Company are operating hi
normal capacity. The Westinghouse
Electric Company has not indicated
What product will be made at It's Sharoa
plant, recently acquired from the Sav.
age corporation.
Wire Mills On Good Schedule
Indications are that the wire apa
nan milis and all other denartmeuts !.
sne Ameriesn Steel & Wire ComnssY
at Farrell will begin working st fvH
capaeity within a few DAYS. All,
niiis . In the Farrell district win sd.
&c on a 100 per cent basis. T
Seeei corporation was forced TO bus
sheee bars from independent mills at /
price OF $40 ton to keen the sheet
and tin mills running, while the 81,
Hllil OF the Carnegie plant at Farrell
PRODUCERS generally are more s,i.
couTaged over the outlook than thes
were few weeks ago. Current buyire
mas been stimulated and the eeners
proved
= The heavy loss shown by ths steel
corporation in September has given
rise TO report that it may aagance
prices to Offset this condition. Reports
are current that it may mark up shesi
sh0 tlnplate prices, especially.
Inc tinplate market shows evidence
OF activity on the part of important
consumers. 1t is expected that freE
now until the end, of the year the larger
puying interests will sign contracts
covering their requirements over thl
hfst SIX months of 1928. Just whas
price will be named on these contracts
IS still undetermined, states the lssa-
ing independent maker, though an -
vance to IS per base box is under cor
slderation.
Sheet Bar Cut Likely
Most of the tinplate tonnage nes
going through the mills was booked Il
SA.6o to S475 base box, the Iargti
customers enjoying the preferential
grices. Independents are awaiting %
some extent, action by the leading y.
{erests before announcing any quais
lions. 1t is pointed cut that reaat
ton OF $2.60 a ton in sheet bars, g
appears likely, will mean only 10 cenls
o base box in the cost of tinplsss, arg
that this reduction will be more thsf
overcome by advanced labor charges,
In the valleys the transportation g:
uation has materially improved afe
most of the piled steel has been e
moved. The Youngstown Sheet sls
Tube Company reports that it has veg
little accumulation. Another intefs8
operating a sheet plant at Niles, onh
has a backlog of $500 tons of sheess
piled at its plant because OF inaqs
quate transportation, and has esss
compelled to cut operations to 5Q rs.
cent basis until this accumulstien
removed.
Black sheets are now o0tainsss
from any mill in the valley at Ssss
Tor No. 2S gauge, while some ga y.
tonnage has moved at 4.36c. E0ossss
are being put forth to establisa ~,
guaranteed minimum at 4.b0e- Lena
Tor sheets continues somewhat spessss
except in full-inished lines golns Is
the automobile industry. $. i.
Prices on hot rolled range Sgon ~ sss
70 S.I5c, the lightar gauges earryinS 81
higher quotations. Gold rolled nEisaSs
are still Quotable at 3.50c. ..s,s
Scrap metals are weaker. ana I'm,
has not been 8 large demand en- I.ss *
part of meters. The principal m.sss s.se
n n<,e4