New-York tribune., 1922-05-28
Predict HEAVY.
Steel Demand
All Summer
Producers Report Plenty Of
Coal l. Available for
Buyers Willing TO Pay
Sharply Advanced Prices

>....y J,II~-t -. - ,rs,...
,,,-r..~.,,r.-,o.,,
~ iSbO N"h' may z'.--9Ieei MAX
ers see an unsatl2iled steel demand Of
s,,cient proDortions to maintain cur
-. ...-........ ,.,... -
NV Ing
the summer Ingot capacity IS operat-
my at % per cent lndustr1aI con
sumefS report that plenty OF coal Us
aVa'iabie u buyers are ~lillng 20 pay
@ @,ho Sh&rpIy advanced prices aShtp'
fTlceS on thlrd quarter steer Tonnage
are stllI pelng "lthheld, DuI VII
register increases over lhc secoh"
quarter because OF hgher costs, say
produclng interests.
Inc IRON ana steer INDUSTRY Is con
lrthted Win serious shortage
ian9f desplte 'he lacJ lhat 0hefe are
sIisl NUMBER OF mus ana furnace
l9Ie' mere Is also reported 20 be
shortage o. soiho Skiie WORKERS. par
40 stno+ a,,d IN r,:ii', Ono ~ ,h.
leading manufacturers stated yester-
day that when all Of the mills and
furnaces are in oneration tbov will
be seriously handicanped for want o.
mon. During the last TWO wears thou
sands of workers returned 20 Europe
and as a result a labor shortage has
resulted. This is the only thing thai
will retard prosperity, it is asserted
indications are that since the an
nouncement of a reduction in freight
rates and recent advances in the price
of pig iron. MANY Of the merchant
blast furnaces. including seven in the
Shenango Valley will be blown in soon.
These stacks have been idle for more
than fourteen months.
Steel companies have as vet made
no ATTEMPT to resume production at
their coal mining properties. The men
are showing an increased WILLINGNESS
to return 10 WORK. however. saw man
ayers. ospcciallv since thev have
missed several nav envelopes. In al
endeavor to avoid labor troubles 10
effort has been made ia onerate. Prices
Of Kentucky and West Virginia coal.
however. have reached the point where
the mills are considering the resump-
tion Of their own coal holdings.
S,oo1 py,,, oror..;o t.
''.'' ''i'' "'e' "''o"s
Hteel pant operauona arc being
naihoained g, the following bass;
Zones Lau,n4lh' % per cent brler
nll steel 40 per cent lrumbulI
Ateei: ~ per cent; oungsto"n Sheet
, ana ar luDc' 80 per cent sharon Ateei
noop' ~ per cent; hepubilc IRON ana
. Steel 90 per cent; Natlonai luoe Com-
PallE' 80 per cent fIIsDurgh steer
( company, 80 per cent heelng Steel
/ ana ana lron' ~ per cent ana Carnegle
Steel american Nneut -, ana i IN fla1e'
NJ ~ ln1.o.' ~ I,.a
two months coal supnlv in tbeir
wards and thirty davs additional sunnly
on wheols MOVING from Ken-ncky
Shortly after the strike started i,
April these companies purchased Ken
tuckv coal at 81 10 a ton at the mine.
Since then prices have advanced to q
range from So to $3.50
The American Sheet and Tin Plata
Company is operatinp it's sheet. mill
in Farrell at 100 per cent. Twentv-six
of the thirty hot mills at the tinplate
plant are running steadily. The Car
ncgio Company is operating its Far
rell works at 70 per cent and the
American Steel and Wire Companv s
running its Farrell plant at approx
Mately normal canacitv.
Myron l. Arms, president OF the
etna Foundry and Machine Con,nany.
Warren. Ohio. states there is i'm
proved demand from rolling mills for
equipment of various kinds His com
panv recently an order for two pick
ling machines from the West Leech-
burg Steel Connany. and another simi-
lar order from a stalnpino- end enamel
ing interest at Baltimore There IS
considerable prospective business OF
which makers are figuring. he saws
p,,,,; S.;xI,,
y eooo crop VIII sumula'e ouylne.
states freSloeht lanes A campbell o.
/ the Youngstown Sheet ana 1uoe I ON p
| pany' ears are Volced that the lend
ing OF large amounts o. money to
Europe may handlcap domestic INDUS
Try TO some extent, hut thlhk there
is enough money aVa1lao!e TO take care
OF noth domestic ana 1orel&n demand.
| 'ommeNnng on the movement TO
! cinlnate me tweiVe;hour day IN the
lhdusfry' VIZ. CampneH states that
Twelve hours daY is too long and
more than SIXTY hours week too
! mucn Tor any man. tie says the eight-
/ hour day has been largely instituted
/ by independents and the longer work
ing day Is only malntained IN CON
tnuous processes, such as blast fur
mace oneratlons.
In discussing the withdrawal OF the
! Sheet and Tube Company from the
! proposed merger, president Campbell
/ states: Ihe merger OF hlghiy sue
cessful property with others that one
| knows less ABOUT made an affirmative
decision dlfhcult.D 1t is believed here
we rear reason ,0r ohee' ana luoe
euontisl interests within the cor,nany