The Iron Age 1925-01-01: Vol 115 Iss 1

st Engin. Libra’y JAN 3 1925 spnguavemoneensveneeeRensunenesnneneposnaenoceecseceascsnsscoersceueensnnsenssseguacennensasssctsssseneesstey UGOORRDEDOAGELLESDSD ARI TORDS ORO EOOET AOE OOEOLAOLES EGOS DANN FORDEDOREESESSOCRCOSOORORDEESOCEOE LOL SL ARE SUS EEDA DeReaDE eS iteneaREnaceteesasonsensesS Published Weekly NEW YORK, N. Y., JANUARY 1, 1925 Subseription Price Vol, 115, No. 1 ntered qt New York under the Act of March '8, 1870 Six Dollars a Year HRUNENEROEEEEENY Hy wad eeauennoncenecnseses Better Than A Boom @ The steel industry has come into better times after going through two revolutions in as many years. @ In 1923 it went from a 12-hour working day to an 8-hour day, with consequent adjustments whose full effects have not yet been measured. @ In 1924 came a Government edict overturning the system under which steel had been marketed in the United States for more than a generation. Steel makers and steel users look for many resulting shifts in their various spheres of competition, and are studying more intensively than ever their manufacturing © and marketing problems. @ Apart from these basic changes, both producers and consumers of steel have found business beset with special difficulties in the past two years and the price of success steadily rising. @ Some are looking on the election result as a promise of fair weather. To have overwhelmed radicalism means much—yes. | But the election has opened up no magic road to prosperity. It | has done a better thing in showing how many millions of the | American people think well of economy and the other old- fashioned virtues they find in the President. @ Business well may take its cue from that approval. If prices have not been satisfactory, simply getting them higher, where that is possible, will not be a cure-all. There must be a steady pushing forward of the work on which some far-seeing producers have been making good headway—stopping waste, increasing output per man, and cutting cost of marketing. @ That program sounds familiar; but it would be a mistake to put it aside and just join the shouters for an easy boom, even if that would bring it. Table of Contents - Page 90 UAHSAUTLUTANAUUTUUA | ih AA UE MANTA A THE IRON AGE Hiiiil } ity A Record of Achievement Less than three years have elapsed since The Koppers Company’s Becker type combination coke and gas oven was introduced. In this time contracts ior seventeen installations totaling 1099 ovens of the Becker type have been received. Twelve of these plants are now in operation, dem- onstrating in actual practice that this type of oven is a marked improvement over all previous types from the standpoint of design, construction and operation. PLANTS OF THE BECHER OVEN TYPE IN THE UNITEDSTATES AND CANADA COKE PLANTS U. S. Steel Corp. Carnegie Steel Company Illinois Steel Company Republic Iron & Steel Co. Republic Iron & Steel Co. Weirton Steel Company Columbia Steel Company Trumbull-Cliffs Furnace Co. Diamond Alkali Co. Bethlehem Steel Company By-Product Coke Corp. GAS PLANTS Battle Creek Gas Company Consumers Power Company Consumers Power Company Winnipeg Electric Co. Utica Gas & Electric Co. Northern Ind. Gas & Elec. Co. Lynn Gas & Elec. Co. *Under Construction LOCATION NO. OVENS Clairton Gary, Ind. Youngstown, Ohio Birmingham, Ala. Weirton Provo Warren, Ohio Painesville, Ohio Buffalo, N. Y. So. Chicago, IIl. Battle Creek, Mich. Saginaw River Plant Jackson, Mich. Winnipeg, Canada Utica, N. Y. Fort Wayne, Ind. Lynn, Mass. e KOPPERS CO. PITTSBURGH, PENN. New York City 120 Broadway Chicago, Ill. Peoples Gas Blidg. January 1, 193 1H i i} He PPT ePerE eri eiatary PUTTS T EAD Ad ned if A HAAG Tete i | AM INT | | WT | | Hi} a ESTABLISHED 1855 New York, January |, 1925 THE IRON AGE VOL. 115, No. | WIOUR LLL a a « CA he. Fo Bed As 1924 Passes, 1925 Looms Large Steel Industry Met Various Handicaps in the Past Twelve Months, While Prices and Profits Fell—Revival Came Near the End of a 67 Per Cent Year EN in the steel trade a year ago looked for M 1924 to fall somewhat below the remark- able year 1923 in volume of business and profits, but in both respects it fell farther below than they expected. It was appreciated that demand in 1923 represented in part a making up for what the coal and railroad strikes had taken out of 1922 and there- fore that its immediate repetition was not likely. It was not so well realized, however, that in pig iron and to a less extent in steel there had been an overpro- duction in 1923, and that the continuance of the overdoing into the early months of 1924 would in- vite reaction. Also there was no thought at the opening of the year that confidence would be so shaken and business so upset by the in- discriminate attacks and the revelations in the oil investigation or by the blow dealt by the wrong attitude of Congress on taxes and the bonus. Nor was it foreseen a year ago that prolonged cold and _ wet weather over so large a part of the country in the spring months would be so costly to trade in every line. Looking Into 1925 Over against these dis- appointments of 1924 the current predictions for 1925 show that confidence has been growing steadily since the election and that the expectation is general] of a good increase over the steel consumption of the year just ended, just as 1923 showed a marked gain over 1922. Counting 1924 as a 67 per cent WOUUEAATEA ETN Tt PONDALEATONUATONTOND ETON EAD SAUAT ERAT The Year in Brief T no time in 1924 were mills heavily booked or buyers heavily stocked. Steel company earnings were unsatisfactory. After three months of overproduction, — steel works began curtailing, and prices and output declined steadily. From August on output increased each month to the end. The election result brought confi- dence, and there was good buying, though at the year’s lowest prices. The market tended upward and the outlook grew much more favorable as the year ended. As 1923 was made epochal by the abolition of the 12-hour day at steel mills, 1924 brought another revolu- tion in the Federal Trade Commis- sion order ending the system of many years, under which steel was sold all over the country at the Pittsburgh mill price plus freight to destination. Lower prices on some products were a result in western markets. In 1924 steel ingot output was about 36,500,000 tons, or 16 per cent below the 43,485,000 tons of 1923, which was next to the high record of 1917. Counting capacity at 54,000,- 000 tons, 1924 was a 67 per cent year. In pig iron, 1924 fell 9,000,000 tons below 1923, while the falling off in steel was about 7,000,000 tons. At 31,100,000 tons, the 1924 pig iron output represents 66 per cent of capacity. ACCU CEMEU EEC UAA ELC CEUUUCCUEEULEL CUCU UCU ELEC CEE year, some prophecy of what is to be seen in 1925 may be found in the fact that December has brought an 80 per cent operation at steel works at a time of the year when slowing down is com- monly seen. The election result has set in motion forces that, barring the un- expected, should work out in a very considerable in- crement of steel consump- tion this year in channels that were not well filled in 1924. Three Swings in Production Nineteen twenty-four saw three marked swings in the production curve. Early in January the industry stepped up to a higher rate of buying and of mill oper- ation. This was increased in February and reached its climax in March, when the ingot output was at an an- nual rate of 50,000,000 tons, or nearly 93 per cent of the total productive capacity— the greatest month in the country’s history. Then followed shrinkage for four months, the low point being reached in July at 41 per cent of capacity. The third movement covered the last five months of the year, with a steady gain that brought December output, roundly 3,500,000 tons, nearly back to that of January. Price Decline Was Orderly Finished steel prices in 1924 showed a resistance to downward tendencies that was an outstanding phenomenon of the year. This resistance was plainly recognized also in 1923, when, for the seven months following April, while pig iron fell $9 to $10, important rolled products were held close to the April, 1923, basis of prices. The large steel companies found early in 1924 that the 1923 price level, represented by 2.50c. for plates, shapes and bars, could not be maintained. But they kept adjusting their operations to the demand and so prevented demoralization. That process is quite in contrast with the policy of the Carnegie days, when it was preached that “the way to lift the market is to get under it.” There is no mistaking the stabilizing influence exert- ed in recent years by the Steel Corporation and four or five of the larger independents in such markets as have been seen in the past 18 months. Sales policies, not by agreement, but on the initiative of each of the large companies, have shown that the men now in places of leadership are not disposed to try, by freely cutting prices, to get an inordinate share of going business for their respective mills when demand is falling considerably short of capacity. Selling Was Not Aggressive There is a'so the fact, overlooked by some who write of the steel industry, that every steel company does a very considerable part of its business with “regular customers.” This means that, while such customers will not pay more than the “going” price, at the same time one steel company does not set to work aggressively at buying time to get another com- pany’s more or less regular customers away from it by naming a cut price. Under conditions such as pre- vailed in 1924 from spring to fall, when capacity was all the time well above consumption, price concessions were sure to be made. But sellers gave ground gradual- ly and not by indiscriminate cutting. Sparing Inventories In such a situation, also, consumers had no induce- ment to buy far ahead. They were in a falling market and naturally formed the habit of small and frequent buying. The effect of this on the seller, in turn, was to reduce his temptation to cut. From February on until the election the hand-to-mouth character of the buying was marked. For no equal stretch since the depression of 1921 had buyers so held down their in- ventories or maintained such close connections with the steel mills. And for nearly all the year the trend of the market was downward, but gradually downward. What the steel companies had been able to do through- out most of 1923, in holding finished steel products close to the April level, could not be repeated in 1924. There was too much unoccupied capacity, and too many other industries were less prosperous than in 1923. Sources of Demand Railroad buying was an important factor in the first four months of the year and during the last five months, but dropped to a low point in May, June and July. In the early part of the year the plans of the railroads seemed to look to relatively larger expenditures in 1924 for bridges and track betterment than for rolling stock. Producers of rails, tie plates and track supplies had a relatively better operation for most of the year than did mills supplying car and locomotive steel. However, 1924 car contracts, in part because of the revival in buying that came in the fall and continued through De- cember, yielded a total of about 136,000 cars, as com- pared with 92,000 cars ordered in 1923. A better meas- ure of the extent to which new car demand actually drew upon steel works in 1924 is afforded by the record of freight cars built last year. as against 149,878 cars in 1923. Building construction promised early in the year to come closer than any other of the important lines of consumption to equaling its record for 1923, and in The number was 97,626, THE IRON AGE January 1, 1925 most districts the volume of structural work was quite satisfactory. Following the election, in what is usually a quieter time in building, there was a decided pick-up, particularly in the West. Demand from automobile makers was strong in the opening months, but began to fall off in March as it appeared that motor car builders had overstocked against spring buying. Through the year the automo- bile trade pursued a conservative policy in respect to steel, its total takings being 15 per cent or more below those of 1923. Farm implement manufacturers had a slight spurt in output very early in the year, but then fell back into slack operations, which continued well into the fourth quarter. They are now slowly increasing output, with prospects the best since 1920 owing to the good prog- ress already made in the repair of farmer finances. The petroleum industry continued its pace of over- production in 1924, a condition that operated against the bringing in of new wells. Thus the demand for oil country pipe and supplies was less than in 1923, and the Southwestern and Pacific pipe line tonnage was only moderate. A fair amount of tank work came to the plate mills, however. In merchant pipe tube mills fared well, their percentage of operation being above the average of finishing mills in other lines. The year was disappointing in respect to tin plate demand for food containers, but the present outlook is that 1925 will be a tin plate year of the first magnitude. Ups and Downs of Output Reference was made above to the three distinct swings in steel production last year. Entering the year on the up-grade, operations were at a further increased rate in February and reached the peak in March, when the ingot output was at an annual rate of 50,000,000 tons, or nearly 93 per cent of the total production capacity. At the low point in July the rate was but little over 22,000,000 tons a year, while in December it had come up to a yearly rate of 42,000,000 tons. The year’s steel ingot output may be estimated at about 36,500,000 tons and that of steel castings at about 1,150,000 tons (against 1,458,031 tons in 1923), making the total of steel ingots and castings roundly 37,650,000 tons. The comparison with the high war years and the years following is given in the table below: Steel Ingots Pig lron and Castings, Gross Tons Gross Tons 1916 39,434,797 42,773,680 1917 38,621,216 $5,060,607 1918. 39,054,644 $4,462,432 1919 31,015,364 34,671,232 1920. 36,925,987 42,132,934 1921. 16,688,126 19,783,797 1922 27,219,904 35,602,926 1923 ; 10,361,146 44,943,696 Dees. Kg sa 5 ee ae 21.100.000* 37,650,000" * Estimated We estimate pig iron production for 1924 (includ- ing charcoal iron, of which monthly statistics are not collected) at 31,100,000. The following statement gives the number and daily capacity of the furnaces in blast at the beginning of each month. There is quite a contrast with 1923, for in that year no fewer than 323 furnaces were in blast at the high point (July 1), with capacity of 122,555 tons a day. The largest num- ber in blast in 1924, it will be seen, was 270, on April 1, and their capacity 112,240 tons a day. At low point on Aug. 1 pig iron capacity was at a yearly rate but little over 22,000,000 tons: Daily Daily No. in Capacity, No. in Capacity, 1924 Blast Gross Tons 1924 Blast Gross Tons Jan. 1 re, 94,265 wae. Binicc 2 62,200 SN Be pte. oun 248 101,435 eae 144 55,350 Beet. 2s wees 264 108,100 eS re 150 63,070 PEE Bari acne 270 112,240 hs. Pisnae 173 72,235 NN Bi ae ee 230 96,635 ees Bewean 182 81,490 eume Liss 84 77,300 ee. Bicveads 205 89,100 i 2 ae. TEENIE teens soem January 1, 1925 The variations ‘in the average daily rate of steel ingot output from month to month are shown below: Daily Daily Months, Production, Months, Production, 1924 Gross Tons 1924 Gross Tons DE sok an eee 134,597 July . ‘ 71,901 WEUEOREY 2 iceeuxs 152,367 August .... sie, Sage BORPORD gcse .. 161,075 September . 108,269 BEE nck we ee . 128,213 October . chocee Seer MY ctacscciasae OCenan November 124,289 AEE asec ea Gaia 82,259 December Plates Led in the Decline The influence of the larger steel companies in keep- ing the decline from becoming a disorderly one was more marked in bars, structural shapes and pipe than in some other products. Plates were particularly weak, and the weakness was most marked in the East, the territory nearest to the large independent plate mills at Sparrows Point, Conshohocken, Ivy Rock, Coates- ville, Bethlehem and Harrisburg. Companies producing only plates were at a disadvantage in competing with o> OQ ee saree in Daily Aver- age Production ol Steel Ingots and of Pig ron During the Past Seven Years Show Con- siderable Paral-el ism. Monthly ingot figures of the American Iron and Steel Institute and pig iron figures of THE IRON AGE tell THOUSAND OF GROSS TONS PER WORKING DAY the story those having a full line of products, for the latter would take on, at an attractive price, all the plates, shapes and bars involved in a car or structural contract. There were, in this particularly sharp competition on plates, the concessions always made to car works. Thus the fall in plates was more than on other products, being represented by 2.50c., Pittsburgh, at the opening of the year and 1.55c., Pittsburgh, on $19 a net ton less, in September and October. An Unusual Year in Sheets Sheets are the other outstanding example of a prod- uct in which, due to the large number of producers, there was difficulty in putting brakes on the decline. The Steel Corporation’s share of the capacity in sheets is less than in other important products, being around 25 per cent, and thus the stabilizing influence of its prices is not marked in sheets. At the opening of the year 3.75c. was commonly the market on No. 28 black sheets. In February and a part of March the high point of the year was reached at 3.85c. Then came an irregular decline, with at times pronounced weakness, July and August developing 3.40c. and slightly lower. A number of producers, chiefly those that were buyers of sheet bars, sought to maintain a higher rate of op- erations than the demand warranted for the whole in- dustry. When prices were at their lowest, some mem- bers of the trade were disposed to put the onus on the trade press, apparently taking the view that the record- ANNUAL REvIEW SECTION 3 ing of a market condition involves greater responsibil- ity for it than actually producing it, LARGE SALES ON A DECLINING MARKET A phenomenon of the year in sheets was that in the face of steadily declining prices in the third quarter and of weakness continuing into October, there should be in those months a steady increase in sales, produc- tion and shipments. As is well known, declining prices are ordinarily accompanied by restricted buying. But 1924 was a good year in sheets, measured by volume, second only to 1923. The production of independent companies in 1924 represents about 76 per cent of their capacity, as against an 81 per cent year in 1923. There might have been a fair profit last year, as in 1923, but for the fact that a number of mills set out for a larger operation than the majority of producers were averaging. The volume of sheet business in the last four months of the year showed that consumers had gone to the piathistiititisitiitistiriiitiil I9I8 919 1920 92] i922 1923 1924 limit in living off their stocks—a perfectly natural course in view of the weakness of prices. Members of the National Association of Sheet and Tin Plate Manu- facturers (operating about 95 per cent of the inde- pendent mills) had record bookings in November, at 462,000 tons, representing 164 per cent of their monthly capacity. As December opened they had 531,845 tons of unfilled orders, an amount probably never exceeded unless at the time of the steel and coal strikes. Sheet makers were particularly affected by the slump in the automotive industry. In previous years the output of automobile body sheets had not been in excess of demand, but not a little additional capacity in this line had been built and competition became sharper. Hot rolled strip steel was also a weak point as prices sagged, this product competing closely with plates and sheets. Passing of Pittsburgh Basing The celebrated case of the Pittsburgh base came to an end in 1924 so far as the Federal Trade Commission could end it. It had been before the commission for about five years, and the last proceeding was directed solely against the United States Steel Corporation. On July 22 the commission ordered the Steel Corporation to cease within 60 days from selling at Pittsburgh plus prices and thereafter to quote either delivered prices or prices at a designated mill, indicating in the case of (Continued on page 48) Where Steel Went in HAT steel was made in 1924 and how it went into consumption is told by the ac- companying illustrations and tables. They show that structural steel was relatively more im- portant last year than in 1923 and that both rail- roads and the building and construction industry increased their proportionate takings as compared with 1923, while neither the automotive industry nor the oil industry was quite as important as in the preceding vear. As a whole the year fell off nearly one-sixth in tonnage of rolled steel from the total of 1923, but with about 27 million tons it is somewhat better than 1922, which produced 25.5 million tons. Estimates of production and of distribution were supplied in the last few days of December by rolling mills making 82 per cent of the country’s production this past year. It is through this co- operation of the steel producers that it becomes possible immediately at the end of the year to give the analysis of both production and consumption with all the suggestions which the figures may supply in respect to company policies for the new year. An outstanding point of the showing is the ap- parent drop in steel bar tonnage, though the offi- cial total available later this year will undoubted- ly be larger by including bars not rolled from billet steel. Outstanding also is the higher proportionate amount of rolled steel coming from structural mills. Thus, though the amount of all rolled steel was less than 84 per cent of that for 1923, substan- tially equal tonnages of structural shapes were rolled in the two years. Railroad consumption still heads the list of consuming industries and the returns indicate that the railroad percentage is nearly 28 for 1924 against something more than 27 for 1923. This showing is made in the face of an 18 per cent drop in rail production from 1923 against a 16 per cent drop averaged for all forms of steel. Production About One- Sixth Off from 1923 Structural Steel Output About Same as | 923 and Railroad Takings Not Far Behind. Drop in Automotive and Oil In- dustries AME JMU SDAA APSA ALA is | Nineteen | wenty -Four Building and construction work took nearly as much steel in 1924 as in 1923. The apparent drop in the amount of steel going to the automobile industry is over 900,000 tons, and for the oil and mining enterprises the de- : crease in consumption is substantially as large. y The diagrams on these pages are proportioned to show the relative volumes taken by the indus- tries, and the percentages of the different chief forms of rolled steel. They are intended to show at a glance the relationship among these divisions for the past three years. Besides the major draw- ings, there is a chart on page 6 showing by indus- tries the kinds of steel taken by each and the rela- tive importance of these kinds of steel to the in- dustry, and on page 7 a chart showing how much of each steel product is sent to the different indus- tries. In connection with each of these charts, is a table showing the percentages in detail. For ex- ample, the table on page 6 shows for the automo- bile industry what percentage of the steel re- quired for automobile manufacture was supplied in the form of bars or in sheets. Similarly, the table on page 7 shows how much of the total pro- duction of wire products, for example, was taken by the building industry or by the railroads or was exported. On page 8 is a table which shows in units of 1000 gross tons the distribution of steel for 1924. From this one may gather what tonnage of rails was taken by the railroads or what tonnage of structural shapes was used by the building indus- try or what amount of plates was required for the making of tanks in oil developments. Estimated totals give the entire consumption for the different industries and for the entire production of the different forms of steel. Tre ' ' ; As was the case in 1923, nearly two-thirds of all steel was absorbed by the combined demands of railroads, building and construction work, automobiles and what may be classed as oil and mining developments. The percentage of steel ; QUUUUUNLALLANAALEUEULLUL ill Nearly Two-Thirds of the Steel Was Absorbed by Railroads, Building and Construction Work, Automobiles and What May Be Classed as Oil and Mining Develop- ments UANNRSSUNCLINULPNEMSNNPMEOOU AOU AMM Up Tik Plates, Rail et Automotive (ine trucks tractors, etc.) l Railroads (ine. cars and loco motives) .. oo S Agriculture Bldgs., bridges and other Const (Not R.R.) Shipbuilding kFood containers Machinery (elec textile nea chine tools, etc) Ojl, gas and wate! : 1 l export s8 12 ] Miscellaneous l l DEMURE SHEED 6\ OTHER FORMS /9 Consumption by Important Industries. Example: Of Railroad Purchases 25 Per Cent Q S Were a S Rails, x S ; Q s 19 Per Cent & Plates, R S Ete. MS i} |S = & >S 1 | | x Y) < xo & wy XS} |g —, a} |e < ae S “Sy | * : |“ “ io 2 = eS eS s% Q S 2 9) & & vy) a? ~ i et tT) jt] fis} [sg 2 g cz xs St 8 AND WATER CONTAINERS THE IRON AGE January 1, 1925 Forms of Steel Different Industries Took in 1924, Showing Percentages Making the Total for Each Industry Splice Bars, Plates S © BARS \0.F 40 RAILROAD » BUILDING *AUTOMOTIVE*OIL,GAS * EXPORT * FOOD © MACHINERY Hoops Sheets (not Bands, Forging inc. black Pipes Strip Blooms plate for Tin Wire and Steel, and All Shapes Bars tinning) Plate Products Tubes ete. Billets Other ] 41 22 ° 4 1 14 1 7 13 10 6 1 1 1 3 13 2 18 10 ; $6 ; 3 11 { 40 15 5 ; 6 1% 1 2 23 16 2 l l ‘ 11 79 2 6 2 7 60 3 i 2 11 ) 5 4 2 l 8 l 2 S 6 21 11 12 14 2 5 i 19 15 ee 10 2 13 exported was the same as last year, and therefore about one-sixth less than for 1923. The heavy ton- nage products—bars, plates and shapes—ac- counted for 41!» per cent of the 1924 total against 43 per cent in 1923, and 42 per cent in 1922. The amount of steel consigned to jobbers ap- peared to be 13.2 per cent, based on the returns of companies making 25.4 per cent of the rolled steel last year. All of the steel makers did not attempt to show sales to warehouses. The amount of steel distributed by the warehouses was sub- sequently allocated by THE IRON AGE to the dif- ferent channels of consumption with attention paid to the character of the warehouse business. An innovation in the analysis has been made this year by indicating how much of the country’s capacity in each form of rolled steel was required to satisfy demand. The information is shown in the form of a chart at the top of page 8. Along one side is listed the capacity of the rolling mills, and on the other side the percentage of that ca- pacity which was in production, averaged for the year. Capacity figures are based on the records of the American Iron and Steel Institute. Inci- dentally they are to be found on page 9 of this issue. As explained on page 16 in the article re- ferring to the country’s steel-making capacity, the combined total of rolling mill capacity is 23 per cent greater than the country’s finished steel ca- pacity working back to the ingot. The excess fac- tor is accounted for in part by the fact that mills for one form of steel are adaptable to turn out some other form, and also that simultaneously all forms of steel would not be in equal demand. What the chart on page 8 particularly emphasizes is the large percentage of occupation of the struc- tural steel mills in 1924 and the relatively large capacity of the country in plates. Record Steel Building Year The importance of steel building construction in 1924 is shown by the records of the Bureau of the Census covering the contracting of fabricated steel work. With December estimated the awards of 1924 appear to exceed 2,150,000 tons, compared with 2,000,000 in 1923, then a record. The show- ing is for structural mill activity in the early months of 1924 as a result of the expansion in steel building business. The 3,200,000 passenger automobiles built in 1924 are estimated to have absorbed 2,123,000 gross tons of finished steel and 1,092,000 gross January 1, 1925 ANNUAL REviEw SECTION 7 What Percentage of Each Form of Steel Was Distributed in 1924 Among the Industries Oil, Gas, Buildings Water Auto- Rail- Agricul- and Ship- Food Ma- and Miscel- motive roads ture Const’n building Containers chinery Mining Exports laneous 4 ee sce: 82 ‘64 ; 4 10 { f Splice bars, ete ae S6 = ; 2 3 9 Plates ...... ‘i > 1; is 3 2 13 4 11 Shapes . ; l 27 55 1 3 3 4 6 LO aa ; 23 18 1 17 1 12 2 2 21 OO eer ee or 22 1s 3 Ss ‘ ” 1 3 13 27 Tin plate... . ; wd ; ae 66 it 4 13 17 Wire products ...... ‘ 5 ; i7 13 : 1 3 2 9 47 Pipes and tubes...... ; l 1 29 Z 45 7 17 Hoops, bands, strip steel, EES A ee 11 7 3 6 8 2 3 3 27 Forging billets and a bloom . ee ee 5 24 4 4 4 4 oo Ae Geet - wk ex de ae 8 16 2 { 1 aa 5 2 3 29 tons of castings, including malleable castings. The 360,000 trucks are estimated to have required 234,000 gross tons of steel and 202,000 gross tons of cast iron. The total consumption, not allow- ing for manufacturing wastes, was thus 2,357,000 Hew gross tons of finished steel and 1,294,000 gross the tons of malleable and other iron castings. . ; Different The capacity of the sheet steel industry has © been increased. There were 679 hot mills in ex- Forms N istence in the first quarter of 1924 and 686 of & throughout the rest of the year. The mean num- Steel s ber in 1923 was about 670. 8 Were . ‘ . * . — Railroad Consumption Distributed ar In addition to large tonnages of rails and track in 9 ‘ . . “ ~ accessories and the miscellaneous requirements 1924 for shop work and road maintenance, the railroads iS Sy 7. ¢ . ° : ‘ XS ordered 136,038 freight cars in 1924, December be- S ing estimated at 9526, while the first 11 months * ~ in 90 £16 r . . j ~ showed 126,512. What is more important from © ~ _ the standpoint of steel consumption is the fact & 1S S that they received from the car builders 97,626 ~ iS S : “* aa KR S N S freight cars (including 1288 built for export), S “2 ly = with December estimated under this heading also. - |= o sari ‘ i 5 , | In car building the situations of 1922, 1923 1% * Ss X and 1924 have shown successive reversals. Thus |e le . * in 1922 the number of cars built, 65,000, was much -- | = Ss = = . = S po less than half the number ordered, 170,000. In |B oo S = & 3 1923 the number built, 150,000, was much greater fe | ~ 1d Ss S 7 . ie N Ss than the number ordered, 92,000. In 1924 again, RS | Q the number built, 98,000, was much less than the = 2 x number ordered, 136,000. Unfilled orders to a con- | 1S » siderable extent extend over into 1925 | pe \S < 2 4 4 Jaw. iS &© a S | LY Cars delivered to the railroads in 1923, with 1S is S 2 December estimated and with unclassified reports | ™ LS Q | 2 . . . . ay | apportioned pro rata, and again including the ex- = <Q i iN ' a | <] |e fo} |S port figures, were of the following types: s es S | | |e Average Total ~ iS Number Tons of Steel Used, | wy i Type of Car Built Steel Per Car Net Tons © % ~ S Box . $9,941 13 649,233 Q 1S & Y ~ Flat .. 1,746 10 17,460 x 2 x ww is Stock .. Vivecns Seer 10 20,410 S s & x i> , Gondola 6,802 14 95,228 & x |= = a | Hopper 26,692 17 453.764 J a } | Se. teens 1,328 15 19,920 a & & 3 & iS Refrigerator 5,890 10 58,900 Q = =x ag *. . 208 ‘ @ ae Ss | NK Caboose . 296 9 2 664 ~ x Ww — Ss Others 2,890 15 $3,350 BS Be a > ws . & Total .. 97,626 1,360,929 | re ' — > & | S ~ > 7 . , . Ss > S x Foreign orders for cars during the year formed Q eS ’ ‘ s > a small percentage of the total. Only 1288 cars 3 were built for foreign shipment, these being in- x Pp & RAILS + WIRE * SHEETS + PIPE * PLATES » SHAPES * BARS cluded in the above table to show the steel used. PRODUCTS 8 THE IRON AGE January 1, 1925 How Finished Steel Production in 1924 Was Related to Capacity apps, BANDS, HOO PS,ETC. Annual Capacity Precustion Millions in of 1924 Gross Per Cent Tons of Capacity Rails 5.8 ————— Plates 7.3 Rails 38 Shapes 3.7 Plates 44 Bars* 15.4 Shapes 95 Sheets 4.3 Bars* 33 Tin Plate 2.3 Sheets 63 Pipe 4.4 Tin Plate 59 Wire 4.1 Pipe 71 Other 5.6 Wire 56 = Other 62 52.9 *Includes hoops — sc and bands and bands ALL OTHER PRODUCTS SECTORS SHOW RELATIVE CAPACITY OF COUNTRY’S FINISHING MILLS AND SHADED AREAS SHOW WHAT PART OF EACH WAS TAKEN FOR 1924 PRODUCTION Locomotive shipments from manufacturers during the first 11 months of 1924 are reported by the Department of Commerce at 1323 units, of which 133 were for export and 1190 for American railroads. Estimating December shipments at the Same average monthly rate, the total for the year would be 1443 locomotives shipped for both de- mestic and foreign roads. Locomotives are coming heavier. One of the largest builders states that the average weight in 1924 of its locomotives, without water or fuel, was 190 net tons, compared with 167 tons in 1923 and with 142 tons in 1922. Of the 190 tons it is estimated that about 160 tons represents steel, including castings and forgings. be- Making allowance for the considerable number of switching and other smaller locomotives turned out by some of the other companies, the total weight of the average American locomotive built in 1924 may be estimated at 170 net tons, of which 145 tons represents iron and steel. New locomo- tives built during the year, therefore, apparently -alled for about 209,235 net tons of steel. This figure is far lower than in 1923, because the num- ber of locomotives built is only 36 per cent of the number built in 1923. As the average size of loco- motive, however, is considerably greater, the ton- nage of iron and steel used is practically 50 per cent of that for the preceding year. ESTIMATED CONSUMPTION OF STEEL IN 1924 (Thousands of Gross Tons) Approximate Amount of Each Form Taken by Each of a Number of Industries Splice Bars, Tie Plates Rails ete Plates Shapes Bars Automotive (inc. trucks, tractors, etc.)... ‘ek, xeee 24 205 24 1,035 Railroads (inc. cars and locomotives) ..cccsces 1,860 600 1,380 968 780 BOPICMIUITS. a vececcevene 3 38 13 150 Bldgs. (bridges and other Oe... MOL FLFR). cccce 8 2 575 1,940 740 Shipbuilding ........... 5 115 55 38 Containers (principally 8 Re a ae ea 4 3 Machinery (elec., textile machine tools, etc.).... 1 92 69 550 Oil, gas, water and id's: Gl ce a ae a9 w SY 15 417 118 108 SEE 655.00 85-000 mane 204 24 138 133 100 BEBBOBISAMIOCOUB «2c csv ene’s 51 36 275 210 960 Totals 2,220 702 3,239 3,530 4,464 Sheets (not Hoops, Bands, Cotton Ties, Forging ine. black Pipes Strip Blooms plate for Tin Wire and Steel, and All tinning) Plate Products Tubes ete. Billets Other Totals 615 ; 105 27 345 16 125 2,511 525 1 68 42 58 210 960 7,452 95 Hos 385 1 24 95 33 837 250 as 290 910 55 od 70 4,840 6 3 2 2 oe 12 238 130 895 26 5 66 1,129 29 63 2 17 2 99 924 95 56 40 1,400 27 4 28 2,397 375 180 207 228 27 er 54 1,670 855 235 1,115 500 231 26 540 5,044 2,975 1,367 2,302 3,117 852 353 1,921 27,042 Steel Capacity in the United States Where, How Much and What Is Made Fourteen Geographical Groups and Relative Importance of Pro- ductive Capacity of Each—Detailed Figures for Each Plant HAT the country’s productive capacity in steel ingots is in different steel making sections is shown in the tables on this and the immediately succeeding pages. As an answer to the repeated ques- tion respecting the relative importance of different steel making districts, the compilation will be of great ser- vice. It covers also productive capacity in the principal forms of finished rolled iron and steel, giving the de- tailed figures for every known steel works or rolling mill in existence at the end of 1922. Thus in addition to establishing the dominance of localities in raw steel, one may ascertain the capacity of plants and also of districts in steel rails, structural shapes, merchant bars and the like. (Text continued on page 17) The information Annual Capacity of Finished Rolled Iron and Steel in the United States on Dec. 31, 1922, Subdivided into Fourteen Producing Districts. Plants Name of District | | ing sa |U. S. Steel Corp Eastern Other Plants Total—All Plants 1U. S. Steel Corp Philadelphia {Other Plants Total—All Plants iU. &. Steel Corp Johnstowr }Other Plants Total All Plants IU. S. Steel Corp }|Other Plants Total—All Plants U.S. Steel Corp Other Plants Total—All Plants (|U. S. Steel Corp |} Other Plants Total Wheeling All Plants U.S. Steel Corp Valley.. }}Other Plants \/Total—All Plants {\U. S. Steel Corp Cleveland }/Other Plants Total—All Plants ai (iU. S. Steel Corp }|Other Plants ‘olumbus Total All Plants iU, s Ste | Corp Detroit | |Other Plants Total—All Plants U g Steel Corp Other Plants Se Louis Total—aAll Plants |U. S. Steel Corp }|Other Plants Total Southern . All Plants | lv. 8. Steel Corp... Other Plants \ Total—All Plants IU. S. Steel Corp.. | i¢ Yther Plants { | | Duluth Chicago and West. . Total—aAll Plants {|U: 8. Steel Corp.. } Other Plants. . Grand Total—All All Districts Grand Total Note.—Does not inelud> i > > ) 3 9 3 Total Finishe Ro'les Total Ingots 179,000 27 d | a Product | , 000 450,100 683 , 800 629, 100 710,800 210,000 220,000 },664,050) 6,009,460 991.069) 6.229.460 124,850) 1,236,369 124,850) 1,236,360 23.000 ?. 760,900) 1,731,300 2,760,909) 1,754,300 973,375 908 , 700 378,310) 5,053,300 851,715) 11,962,009 247.75 704,900 343.000) 1,299,990 590,750) 2,004,800 ,854,000) 1,243, 5. 528,000 3,036,400 382,000) 4,279,900 = 315.090 R86, 900 345,700 980,990 660,700) 1,866,900 200, 000 2,982,000) 2,169,475 182,000) 2,169,475 | 18,000 65,000 18,000 65,000 63 00} 1 132. 800) 635.000) 1,132,809 031,000 672,000 305 , 000 381, 950) 337,000 1,053, 950] 540, 000 120,000) | 3, 800) 540,000 123 , 800) , 149,500) 4,533,800 , 256,410) 4,034,500 , 405,910) 8,568,300 , 729, 625] 15,339, 800 , 792,360) 27,818,045 521,985) 43, 157,845 SUBDIVISION OF FINISHED ROLLED PRODUCT Rails 1,093,500 1,093 , 509 240,000 , 000 000) 000 ,500 000 590 207.090 207,000 136, 000 136, 000 000 O00 , 000 690 000 7,000 , 000 100} , 500 , 785, 609 Merchant | Sheared | Bars, Sheets and | Structural} Bands, and Universal | Shapes | Hoops, Light | Plates Ete Plates | 27,000 6,000 647, 800 6,090 674,800 190,000 30,000 1,800,500 987,500) 1,464,360 142.600 1,890,500) 1,177,500) 1,494,360 142,600 331,920 184, 800 479,640 331,920 184, 800 479,640 240,000; 140,000) 771,300 80,000 210,000 140,900 771,300 80, 000 1,369,000 810,000) 1,581,800 419. 800 616,000 406,500) 2,124,800 510,000 1.985.000) 1.246.500) 3.706.600 929, 800 65.000 25 500 130,000 168, 000 338, 400 130,000 233 , 990 23,900 84,000 775.400 13,500 589.000 929, 000 710,490 673,090 1.794. 400 753 , 900 113,000 16,000) 417.500 210.500 316,000 60. 500 210.500 75,090 819, 60 866, 875 75,000 819, 600 866. 875 10,009 1). 000 340,090 170.800 132.000 10.000 4170, 800 132,000 172,000 33, 200 118, 200 381.950 172,000 33, 200 500. 150 120,000 3, 800 123 , 800 916,000 720,000) 1,403,600 332, 000) 324, 000) 160,000} 2,422,000 205, 500 1,240,000 880,000) 3,825, 600 537 , 500 2,541,000; 1,783,200) 4,264,000) 1,080,800 4,768,420) 1,878, 800/11, 140,550) 3,196,275 7,309,420, 3,662,000)15, 404,550) 4,277,075 9 teel foundries nor of plants which make ingots but do no ! (Including Tubes) | Tubular Black | Products Plate (Inel. for | Seamless Tinning Tubes) 30,000 30, 000) 93 , 000 4128 000 93 , 000 428 000 23,000) 23,000 199,190 987, 500 165,000 835,000 664,100)| 1,822,509 197. 400 157,009 103,500 260, 000 600 , 900 417,000 310, 600 130,090 678,000 170, 600 678,000 26, 900 510,000 ' 36,000 26. 900 516.000 70,000 202,000 70,000 202,000 25,000 25,000 90.000 40. OO) 266, 200 266, 000 266, 200 266,000 1,030,200 1,677,500 1,251,500 2,760,000 2,281,700 4,437,500 Wire Rods 138, 54, 192, 130. 161, 291 120, 120, 162, 162, 595, 624, 150 149, 299, 508, 508, 100, 199, te 219, 000! 800 800} 000) 000 000 000 000 } 000 000 000) 800 800 000 600 600 000 000 000 009 000 32 000 100 100, 597, 370, 967 2,338, 1,898, 4,236 , 000 ,000 , 000 ono 000 000 000 000 000 200 290 Plain Wire (Net Tons) 181, 400 9, 600 191,000 170,000 156,000 326, 000 95, 000 95,000 96, 800 96, 800 1 474,000 651,000 , 125,000 81 81 10, 000 10.000 115,000 000 5, 000 , 000 5, 000 ,000 2,000 000 400 ; 400 800 THE IRON AGE January 1, 1925 SUBDIVISION OF FINISHED ROLLED PRODUCT (Including Tubes) Name of Company and Location of Plant Plain Total Wire Wire Ingots Rods (Net Tons) ! - - ! American Steel & Wire Co., (Central Wks.), Worcester, a: d i hati Dd eee etete he Sib encacl CER ssseek . Cdesenael Sithabest, ~ectanensh -0d6 5000 andeddhal eebdcausle onuncses 22,4 iqston Steel & Wire Co., (North Wks.), Worcester, aa eet ie hal eed ee eee en eee eNERNE KSaseal| 9eb revs | paeep eee sepasuie thdebeas Kinhdoaa pre keene’ eninee den weees 45, hesglane Steel & Wire Co., (South Wks.), Worcester, | ie te ee eens wed cee Soekee is. 179,000 SEE? dkutieas .cestauand onuateee DRM. ekadewsth séxkiiceesto ahs teeke 138,000 72,000 ' re ok weet caamicis eeesenatd sadeabaal Saensiedh “ckiaswese indcoacasl ~aaseete, 22,000 Total Steel Corporation Plante—Eastern District. Re ne, eae I poem IY, Sian un i b . sgengss 138,000} 181, 400 Actas Net Co., Bouthingtom, Coan........0.c2.cccc00) cseees PE Wckidgenls ca cgbelell Deceiegs I oh ng Cad Mere s ‘ Am. Tube & Stamping Co., aepyet, Conn.. 85,000 i. ctivanensl chipeboal) -aaseaier vis aku ss wale a 6 Ames (W.) & Co., 1% ity, N isead EE” eavenseel cssanancall’ s@banves Ra ‘ i Baneroft & Martin, R. Co., 80. “Desdealt Me. EEE Susckpedh oun bapech eaebeens MEME. skvccne Siena 14 eu" Burden Iron Co., Troy, N seeks SEL: snskevdeh ceweusdiGl secesety 47,000 ‘ ae ‘ Champion Horseshoe Co., Pawtucket, R. I. aa eg oe 6,000 sete ee er Cheone Steel Works, Chrome, OT 45,000 a a .kaecauen 34,000) ee cee Sekcauen Coes Wrench Co., Worcester, ie eee sel he ya ! et Nene (46065 c2e) weabeeue 800 pease Siete bates Cohoes Rolling Mill Co., Cohoes, N. Y................ ocal BONE 5s cast anche cheated mee Guiigs ail eee eves 30,000 Crucible Steel Co. of Am., Harrison, N. J..... 85, 800 SS cc ckot te shsakceth (waseabee 45,000 sl cei eal steerer 15,000 Crucible Steel Co. of Am., Auburn, N. Y..... aoe aie SE Libvciceth: Ghaksseed cxeceowe 300) ade Ve oseuse -whaukawie : Crucible Steel Co. of Am., Jersey City, N. J... a RA ito oa iecodl comeilace 4,500} ERS I SUEY coe Cae ; 3,600 Collins Co., Collinsville, Gonn........................ [EG Gasal! censced aesatos 3,000) _. on acaanee . Driver-Harris Co., Harrison, N. J.................. al EEE a ee Cr gn ee as Pee use 15,000 Heller Bros. Co., Newark, N. J.............. a 1,200 DEE, ccceneael stikcnuuh | skacewon iON, ci kGCaee vuien pale’ ee Intr’l High St. Co., Rockaway, Be. eu ’ CN ne Be cece dl ahsnics 15,000 | aaa Ludlum 5 Ca, Watervilet, N.Y... .........0c0000 24,000 GENE GdeaeGhE -esuccatal, seneonus 16,000 | National Iron Bank, Rahway, N. } ES eS 27° 500) SA aah uel phissuuee ad ans ae pia Mass, Iron & Steel Co., Danvers, Mass..,..... .| at SEE cyccaxccak cdescuta mceseens 20,000 Pardee Works (C), Inc., Perth Amboy, N.J........... 75,000 I dE ae ee 65,000 | American Electrical Works, Phillipedale, R. a ya Ses Beats 13,000) Cesta Ghee seis Merticat 13,000 2,000 Phoenix Horseshoe Co., 4g Te Uys wk coe : ER at ceal “a ieb 5 Sas 20,000 Be dans Portland Iron & Steel Co. eee SE cba cee | éesncatell: 44h5 00551) - 6kbsen db keensaee | | i i os acca cepsnesicnevscene ea ba ccee tiene i, oxen ale 60, 000 EAs uakesall BRACARCHE Ba encknl. wateres Rockaway Rolling ills Corp. Rockaway, N.J........| ......-. EE cctv c dl stance askieeee 13,000 EF nascesedbe a usaeeiasecsoeek, cee a oon cc ccs sssierdcawal sivadass BD eM Rec cn 4 on oe 28,000] ..... BT ho can) Ace em Ue Gees Co., Elizabethpor Siancadedebooursel . debvageatd SE skhdhkecD ateicseoll -taoee 15,000] ........| Sted a ihcenhes Co., i i cxcéesssan wneken PE Spieeekde ageiceast s<oantads 6,000} ...... | - Stanley Works, New Britain, sae Dr eeeinkexmabeeseea 30,000 REE, ican sie. 6c6kaR Ok . «abana BRL .cecvas Stanley —, Bri =, 5 ies chubeicaemAberten 1A aeReE EE rk icSeeE natant enced + aieanies 35,000] ........ | eee ; Tremont Nail Co., ioe Maw... SE <M csncac sckdssed susaneke 12,000 Seem s Tuttle, Charles W., Kabur N. ee Glee — Mvesaies: (Bteanbien Bias 4,000] 22... a ee aSate Ulster Iron Works, Dover, N.J.........-...0c0c0ceec) ceceees ee rere ae | ig Washburn Wire Co., Phillipedste, ie ari te Doct EEE, eve dccel %enascauk. aseenakel »-d0neeisel stance. deunees | 22,800 6,000 Wurster (F. W.) & Co., Brooklyn, N.Y.......... 00.00} cece SE aciseuaall <sanceae’ sdcseidl 6,000! | Laieent acaeeneh ocean easanels as edie geo ba eictaa aaah : se ae ae i Grand Total—All Companies—Eastern District....| 629,100) 710,800) ........ GH ébncense 74, 800! | 30,000) 192,800) 191,000 VALLEY DISTRICT Carnegie Steel Co., Farrell, Pa..............-eese0ee: 624,000 CEG ccusecee DEED (esctewead “heedeeen ~dhaeeess Lent ooh stale ED Mote aera Bees Gio Carnegie Steel Co., New Castle, Pa................... 770,009 (Semi-| Finished) | Carnegie Steel Co., (Ohio Works), Youngstown, O...... 1,460,000 (Semi- —_— Carnegie Steel Co., (McDonald Mills), Donald, ssl «naweeeu DE kvcesscd scsocecel ceeaeses 365,600) ....... Site tRh is azhe wu Le cea Carnegie Steel Co., (Upper Union M.), Youngstown, ae. cheat EE TCAD ie bhava SE kc tsiee So RT ek eR SMW As acs 3 in al ins races Carnegie Steel Co. (Lower Union), Youngstown, Q...0.) 2100... Ep Nanetgie Bieeetonker 156,000, 22... Bex Am. Sheet & T. P. Co., (Mercer Works), Farrell, Pa....) ........ , SoncdsGth icndeixck sabceaeee tac NE beta ccc cass och -cnksenen Am. Sheet & T. P. Co., (Farrell), Farrell, Pa...........| .....++- SE esrsucad ctvee aetoctl Shaka “deste I gn occ coach ences Am. Sheet & T. P. Co., (N. Castle), New besile eit. 66s bete BE cchG ose tins cage “ia tote ey Mee Daehn ID mre tN a oe a aie id cae Am. Sheet & T. P. Co., (Shenango), New Castle, ee Baier DEED ccecéacdh Sdhccdeed ‘ xadpheeel Motmaceee 2 Ub eaeh Ke GEOL GO «os ccc bi cuca lec stewie: as ual ciesue hil eOSENDEE Vanessa SSE, fasecineh 40s 6cxcebr aeeaeesell *cbeschas ne 150,000 112, 000 Total U. 8. Steel Corp. Plants—Valley District....... 2,854,000) 1,243,500) .... errr 775, 400 43,500) 340,600 150,000 112,000 Brier Hill Steel Co., Youngstown, ( O.. incaveeupeabn 648,000} 240,000 ENE. caSN. c BORG “edits 04. ek Gide Rh ck de Les te Brier Hill Steel Co., (Empire eae. SEM cestsadt sagectowe PE “aia csuiudaxeceeke eetoleren wenkanee STL coe ag Weiixabidln ais shepdi’ aon eee Brier Hill Steel Co., (Thomas), Niles, O...............) 0 2.2.05. Ray coSeeests] sebssene] -revebi ad Sseeneeel SN SEKHOCEME Witadaveh ankusceak xecanses Brier Hill Steel Co., (W. enerve, , oN O.. el Sesbvcedh” EDEMA sand: as6059208 Wbees.ceed Omaeeevae SE 15.35 cE seen aed deve nsaewes Byers Co., (A. M.), ie ea otek ukakal icwebaus "Sone Finished) Faleon | Ea iias ood bks edd ens > aneee’ PE cEeeG aod (kpeiavale. <atenedan, skeen I ins <siccce uh SRAReK RUE hidenSeek.oeeaceun OR ESS ee eererres errr rors EE bic Gn GEE yaG ves Gae > Nake oOUe O aaeneney SE coe RENE tarp G ceeGUR’ Aanie ioe Newton Co., Newton "Falls, SE aves okesGe . cikbstaue EE Gaticaceel <azbhaddl icekekaeke Sancaees EE. Sy ccc ShGR Geerevneae waeaweda Republic Iron & Steel Co., Youngstown, O. 1,400,000; 682,000) ........ FORO cvcccees ED kteecate sxe 0eras PD can acndh Oondscens Republic Iron & Steel Co., Niles, O.................2.] 0 ceceeeee EE hak ots aah ek weed 'adeasebe. ekotesee SED. sive ko ceil So wrkdaletel aes ucues Sharon Steel Hoop Co., asen, ean cae 210,000} 180,000) ........ cs aa ee eee SOE . SveanioGh soce0<xyil Sopewe ack cueed Sharon Steel — Co., + Pamngaee, Dvactuicdeaeeeul .-Jamuned are SE eo eacceal> apeeres BE SG ckdetoke a eaevsaGl laece<ees Sharon Steel Hoop Co., SE nchisspivesnsbeaah, U SebtnieD-cespatincl ‘kasnSecah seeheeaeh xeeeaanal XOaweeell .ceadcedcl ccltC dean pekalnss Trumbull Steel Co., Warren, DA cE de ie b iss xan'nd see RE ee ee er ee 140,000 100,000 SE © beecencdh” Webewaeed Warren Iron & Steel Pt ebkscnsnckcoi saptaane a SGdaw aE. <Sadokeeth, aeeati cok, aaeexcdn BEE sartevakceh: Meandiw Kaawenaed) ~<os<ayat i le siekee . paket MERA -osceccdel conuatel osdievcnsl sonwbaan EE “ek “kee Ree ‘wikis nns Gebe Youngstown Sheet & Tube Co., ‘Youngstown, Dictaces 1,520,000 988: 400) Saaea ee oe ses cae aaieed 225,000 i er 450,000} 149,600) 126,000 __ Grand Total—All Companies—Valley District. ...... 673,000) 1,704,400) 753,900 470,600| 678,000) 299,600) 238,000 JOHNSTOWN DISTRICT nine cs cnc tscseebeulspepeanet . MRED Mosee¥enl saxseasel secaceus BED cksvvvacl svtdoesee’ Saeternen tins me ; . Cambria Steel Co., Johnstown, Pa.. : .. +++} 2,016,000) 1, 37 360 240, 000 331, 920 184, 800 EE, sidcocessl « :eocnerel .tccsanun 120, 000 95,000 ee eel fe Seal Co. robe Pa... Sean ad «230 10,000 sages: ; nigeeen. sabcawed DEE Snacvincak sadn vaCah” RORESGaeE Dativesan enke akan ng Co., Latrol Merb iee askew a (Tires, e|tc Vanadium Alloy Steel Co., Latrobe, ae ood 7,500 Dh. astaveual axcadetel svekorka EE. caching CERNTG VPacaee. MRR ADE Ciel Grand Total—All Companies—Johnstown District..| 2,124,850) 1,236,360) 240,000 a 184, 800) oe, ae eee 120, 000 95,000 January 1, 1925 Name of Company and Location of Plant THE IRON AGE Ameriean Bridge Co., Pencoyd, Pa................... American Steel & Wire Co., Al ees? Dias cnlescwuae’ American Steel & Wire Co., _ *) 2 ae Total Steel Corporation Plants—Philadelphia District. Bordentown St. & Tube Alan Wood I. & 8. Co., Ivy Rook, Pa................. Alan Wood I. & 8. Co., Saaskehadamn Sitios a's Alan Wood I. & 8. Co.,