New-York tribune., 1922-06-25
Shipped
South by River
In Large Lots
Monthly Deliveries Planned
on Ohio to Mississippi;
Operating Ratios and
Earnings on the Upgrade
85 to 90 p. &. of Capacity
Steel Mills Making Improve
mcnis To,aling $1,000.
600; Prices Unsettled

g.eo,oi D.p1fch 10 Tt> T~ibsHe
PITTSBURGH, Juno 2g,-hddi'ional
bic shipments OF steel products oy
river % points IN ,he South. South
ec,, and West marked the week IN
he steel Industry.
The steamer Transporicr. of no
Water Transport Company, Of Pitts
burgh departed from the hsrbor here
Thursday With big tow of steel COM
nodit.cs dc,,incd for delivery 70 ssv.
cral points along ,he Ohio River ard
.or S. Louis and Memphis On ins s
Mississippi. There were close 70 ''vyy
IONS OF various stcclHpr9dDets ~ ne
.oye, bic cargo-box type baTgos com'
norlnc the not.ila. The shipment rep
roscnisd movement of commodities oy
sovcral n the large steel companies
- the district. The baFges IN this
goot aro 200 by thlrty.slF ieet ana
have ii capacity ~ nearly 800 tors
e.cf wnor loaded % fbe deepest dratt
nWe prsnoso." said j. u. CLARK,
traffic manager Of the Wator Trans
nor, Company "to continue oar one
River service through 90 CAIRO ara
Mississippi River points JUST AZ long
af thoro is sufficient water m me
lower end of ite Ohio 20 permit bargf'
20 bo operated ON light draft Ire
LARGO caoacity of our bargeS permits
ur % carry reasonably heavy LOADS N
.nom AZ comparatively light drait
and wo do not anticipate thf' ther'
will be any con 'derable period ~hsn
our onoratl0ra Will BE- intericred WIN
hy low water
More Barge shipments
Owing % the fact that the lower
ord of the Ohio contains no dams ara
/ locks and is merely open riYer a. IN
tho days before slackHaier system
was developed in tho upper portion ~
/ fho river. The Jones 4 lsughlin steel
Company, which had been maSins
monthly deliveries ~ i,s products n
hargcs 20 points on 'he Mississippi,
/ has announced thar during july
I August and september D. viii operate
only a FAR south ~ LoUisyille.
Tho noat movement ~ steel
produc.s ir ialges hy the Jones Il
! iaughlin Company is scheduled % de-
part Tor Louisyi'o and irtcrmediaie
points about tho second week IN July.
4 notable feature % the week IN
water transport 81 steel products was
the delivery into Now Orleans BY
barge of nearly 1000 tons of 'inpla'e.
/ Tho ehinmcrt icft Pittsburgh early
last week ard reached New Orleans
Yesterday ir excellent condition. The
distance by river BE- close 20 1000
miles. This Is the first shipment o.
tinplate made hy water and BE- looked
unon "a definitely establishing the fact
that high priced and easily damaged
steel commodities - similar character
can be transported quite as well BY
river as BE- rail.
Operating and earning position ~
an iho steel plants is on The upgrade.
Schedules iro ayeraging fully 20 per
cort a. capacity. Sheet mill rrodue'
ton reached n Dcw high point IBIS
week. With units occupied a. virtually
o. per cent. Schedules called for -
rer cent operations. but irabili,y 20
round out rolling crews prevented
some un.is from starting.
Thlriy.Day Selling Policy
Independents have generally adopted
I n fhIrr-lay selling policy, aad while
they are entering business for de-
livery over the third quarter, prices
bevond July are being withheld. All
watcrs have esfablishod a comfortable
. bachllr in sheets. which continue 10
firm demand, ard new tonnage are be-
.rr placed a. fast as business Is
worked or.
improvements aggrcgating over
s2000oo0 are being made AZ the pres.
ont time b. n number N steel Mills
and furnace in The .henane0 Valley,
which indicates thar they are getting
rcnly for a biz industrial boom the
f iaet ha'f 0f thls yeor. The Carnegie
Steel Company is ofpendiny several
hundred thousand dollars 20 improve
tro handling of materials at the
open hearth department while the
fhona fra furnaco Company and
shairstiIia Furnace Company are
each ieau' ding ons stack. Claire
Furnace Company hoe enlarged its
stack and is now having new hot
blart st0vcr erected.
65 70 70 Per Cent Of Capacity
Mills a. ihe ttecl CORPORATION IN
tho Farrell district are operating be-.
tween - anl go per cent ~ capacity.
Tho gh0rOn steel Hoop Company Is
operating i's finishing mills 40 100 per
cent capacity .n sharon as well az is
NNNfA NaNNNos NN'N N'AANN NNNNHffH aNN
blooming mill IN the Youngstown dis
trict.
Very little change in the operation
81 the Wheeling district iron and steel
mills was noticed this week, the ma
iority of the plants being operated as
they were the week before. All OF the
plants Of the Wheeling Steel Corpora
ton, with the exception Of the Mar
tins Ferry furnaces, was operated az
least part.
Coal prices range frors 1925 70 $3.50
for large industrial Consumers. though
occasionally reconsigned lots are
picked Up for less. One interest oper.
8ting mining property in the Penn.
sylvania field reports that 4 is cheaper
% buy coal in the market az present
than 10 miac Il, because Of the heavy
cost attendant upon production. Heavy
guards must be maintained az the
mines, and 90 several properties II Is
reported the number Of guards Is
almost as gsoat as the number Of
miners az work.
Fuel oil is being substituted FOR coal
By several Independents. One interest
Is using tar and bcnzol, in addition,
forming q m.xtDro wh ch is yolatilizsd
and fed into tho furnaces. It's open
hearth and pudding furnaces sre US
fss