Evening star., 1941-06-25
Henderson Announce!
Maximum Prices
For Pig Iron
Prevailing Quotations
Of Second Quarter
Fixed as Limit
BY the Associated Press.

BY the Associated Press.
Leon Henderson, price admins
traitor, fixed maximum prices today
for pig iron, major raw material
in producing steel. at the level gen.
orally prevailing during the second
quarter of this year.
Previously the price administra-
ton office had put ceilings on prices
for iron and steel products and on
iron and steel scrap.
A statement from the admins
traitors Office described the latest
maximum price step as covering the
third major factor in the iron and
steel industry on which action has
been taken by o. P. A. c. S. IN Ordef
to avoid infiationary tendencies
Base Prices Listed.
The schedule lists basing point
base prices for the five major
grades of pig iron at various cities,
similar prices for three minor
grades; differentials based on the
silicon. phosphorus and manganese
content, and provides two minor ex-
ceptions
The Opacs' statement said that
the ceiling for domestic prices
would be the aggregate of the
basing point base price at the gov
erning point. the differentials &C
cording to the content of the iron,
and the transportation charges
from the governing point to the
place of delivery as customarily
computed.
Recent wage increases and the
increased demand for pig iron re-
sulting from the national defense
emergency" Henderson said in his
formal order, have been exerting
pressure upon the price structure,
causing the prices of certain grades
and kinds of pig iron to be increased.
In the interest of national defense
and the public interest price CELL
ing is necessary.
Invoices Requested.
The order called upon all pig iron
producers to retain copies of all in
voices since January l and to file
with o. P A. C. S. copy of their
price schedules by July TO-
The base prices for pig iron. per
gross ton of 2,240 pounds, at Neville
Island, Pa. included s24 for No 2
foundry, $3.50 for basic, S2450 for
Bessemer, and s24 for malleable.
The Birmingham, Ala, base price
was fixed at $20.38 for No. 2 foundry;
SIG for basic and S25 for Bessemer.
Henderson declared today that his
Office should be consulted in advance
"as matter of policy" before any
major changes are made.
He sent out this suggestion in a
letter inviting major producers and
distributors of carbon black to a
conference on a scheduled 12I2 per
cent price increase effective July /.
Carbon black is an important raw
material in the rubber. paint and
printing ink industries.
Henderson said that he understood
that the proposed increase would be
the third in the price of carbon
black since January /. He added:
1T is the position of this Office
that no price increases should be
made at this time unless rendered
necessary by increased cost of op-
Grafton. and that as a matter of
policy major price changes should
be taken up with this Office in ad-
vance"
Price administration officials said
that current stocks of carbon black
amounted to about three months
supply, with the domestic demand
running we'll ahead of a year ago
The proposed price increase. they
said. would raise the cost of domes-
TIC bulk black from to 1875 cents
a pound, compared with 2.7 cents at
the start of the year.