The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-09-22
IRON REVIEW

New York. ~ Y Sept. @l.-Thc Iron
Ag. n its weekly summary Of the iron
and steel trades. tomorrow NH Eay;
Further Increases in output OF Pug
ir,U stce, are reported from all pro-
durlnE centerS and 1t the same tmN
there IS q falling of In the rolum" ~
new business done at premium prices.
Eo,h movements represent progress "Ne
o. The scarcity mark; conditions Gre
atcd by the double strike.
ElTh, additional blast furnaces. chief
" IN Onto and Western Pennsylvania
districts, have been blown in. As a
whole tho steel Industry IS probably
running at q 65 per cent rae. and there
Is the unusual condition OF several
irygr independent companies exceeding
the rate OF tho steel corporation. COM
rcllSv!llc coke output gains hut slowly
and most Of the blast furnaces just
started are getting their coke else
where
or first Importance Of the weeks de-
ycInnmon,s was the decision OF the
steel corporation 10 advance Its riuI
nrlce 10 si2 on Oct. !, and meanwhile
n book orders for the first halt or
1928 AT $40. At least one largo 'ndr-
rcndcnt company has announced Ike
policy.
T. already appears that large ton
nate OF rails will be booked for next
wear by Oct. !. At Chicago orders Tor
100 600 tons have been placed already
and a total &C 100000 IS expected "y
tho end OF tho month In tho east
an initial inquiry OF $4,000 tons Tor
the New York Central has appeared
and optlons arc asked on $4,000 IONS
more up 70 March l. and 10000 tons
I'M 10 June I. Other tentative ton
rarcs are c5ono for the NORFOLK ahc
western. $4,000 for the Reading ana
5000 for the Long Island. II the rem
svlvania inquiry equals tho 2on"o' IONS
distributed for 1922 and the baltimore
& Ohio and other lines comns torW;S"
in tho way that now seems likely. me
ro,I mills will have much better back
logs for tho winter than were in SiSh'
last autumn. -.
Huycrs OF steel regard the efforts or
m, mills to insure winter rail rollinSs
m index to the expected easing or
conditions in the heavier products later
IN tho YEAR, II Is recognized however
,ha. heavier coal deliveries mean also
shortages Of cars for certain finished
products.
For tho 1000 mile Joint Pipe lin" %
tho Standard and Sinclair companies
~. National Tube company will furnish
1nn 900 tons Of inch. 10 inch and Il
inch pipo.
An order ot tho Commerce N"mm'sA
sion effective Sept. 81. aholishinE Ger
to,n nr,or,tles on coal. will result In n
larger coal movement to 'ron and stHel
rlents. More freedom Is granted also
In the use Of open top cars However
tho TRANSFORMATION situation ut PITTS
burgh Is not good and no market I'M
movement IS in prospect. With car
SHORTAGES limiting production. coke has
zone 10 $3.50 an advance of On cents
ir the week and Of $50 in two weeks
New locomotive orders total 1S9 and
fresh tnnu!ries GS not including ION
expcct,d shortly from the Sante f" AMI
20 each from rho burlington and Rock
island. Special efforts ar" being made
n expedite deliveries on locomotive
steel
Al chicago track spikcs and bolts are
e. nor ton higher. and light rails 81.
IN line with the new price for standard
sections.
Cast iron rfo" has been advanced 70
$40 base. birmingham for Inch.
nine and arEer and business Is stn
moving IN fair volume.
Advances IN steel castings ranging
from u 10 20 rer cont. are looked for.
effective Oct. 7.
Foundry iron r!rccs IN ow Nttle
rhon-n and In some ceHtcrs conditions
oro easier hut delays in deliveries ara
frequent.