The Iron Age 1932-09-08: Vol 130 Iss 10

THE IRON AGE ... september 8, 1939 CONTENTS Designing Products for Tomorrow’s Market Test Results and Service Value of Materials 365 “Better Times’—Next Forward Step in Replacement 366 Relation of Air and Oil in Oil Burning 368 Malleable Iron Since 1900 and Present Condition 370 Industry Enters a Transition Period 371 August Pig Iron Production New Equipment News Automotive Industry Personals and Obituaries Editorials Markets Construction and Equipment Buying 398 i he eee eee eae Products Advertised (Advertising Section) 36 4 Index to Advertisers (Advertising Section) 56 a, 4a tm THE IRON AGE PUBLISHING COMPANY, 239 WEST 39th ST., NEW YORK Dir on of I ‘ BR Pub hers Ine SEVENTY-EIGHTH YEAR OF SERVICE TO THE METAL WORKING INDUSTRY SEPTEMBER 8, 1932 Cincinnati {Press Brakes ae a ae BED AND RAM PLATES Notch and Form One operator notches the corners of a sheet while two other operators form, or one operator steps from one progressive die to the other, finishing a completed piece in one handling. Forming short work with progressive dies is made possible by the Cincinnati deep bed and ram plates. With the Cincinnati Press Brake, heavy work may be placed at either end or at the center, and it will be formed straight and true. THE CINCINNATI SHAPER CO. CINCINNATI, OHIO ESTABLISHED 1855 ..THE IRON AGE... NEW YORK, SEPTEMBER 8, 1932 Vol. 130, No. 10 } Designing the Product for Tomorrow's Y 1929 the geometric progressior of invention had reached a hig} point, and many firms wer spending much money in pure r earch. The depression with its r duced sales volumes stimulated a tivity to put “sales appeal” i ng products by even higher develo} ito exI1s ment of mechanical and operating features. It also increased the effort seek for new and salable product Thus in spite of a reduction in appro riations for pure research individua nvention effort has been intensified 4 survey made at the end of the yea) 130 showed that 80 per cent of th firms questioned had done more desigr work in 1930 than in 1929. Indica ons were that a still greater pr portion had increased design activit luring the following year There has been much enthusiast and to some extent imaginative ae cription in business papers of the fortunate experiences of manufa turers who added sales appeal to pri icts through redesign and thus in reased sales volumes. This was t1 only during the first few months the depression. After personal \ several hundred plants, and afte inalysis of the work of many believe that the achievement of ediate sales during the last few onths has been the exception T It must be realized that althoug! tne cost prices of products to the cor imers have been reduced greatly, the urchasing power of these prospect lyers is reduced even further becau f wage cuts and part-time employ) ent and through the reduction ispension of dividends. Moreove!1 there has been an uncertainty regard ng the stability of employment that has made the average person reluctant to buy even when he has had a job and Industrial Market BY GEORGE S. BRADY “T° HE new product and the im- proved machine will exert strong sales effort in the recon- struction months to come. But products will not sell merely be- cause they are new, nor ma- chines because they are “im- proved.” **The new order of design,” says Mr. Brady, “is to provide a prod- uct that can be sold without ex- cessive sales cost.”” To meet this end there must be closer coopera- tion between sales and engineer- ing forces. This article, the first of three by the same author on the rela- tion of design to sales, forms a part of THE IrRoN Acoe’s new series covering modern merchan- dising in the metal-working in- dustry. vw we lfacturer, ¢ lt i Valit ese conditions tft } rie Ist sé t tnat I engineering al! roduc n staffs are reva lesigns a a ind cautious market an article at has increased appeal and that an be ld for a profit at the price evel which insure al Merely cut ng prices below cost will 1 erve firms that intend to stay in bu ness. Low price levels are likely to ail for a long period in the opin f many authoriti and there practical way to meet them except revise methods so that the price il an be obtained for the article ver cost and a reasonable profit That this factor is being recognized denced by the fact that never be as the higher executive been rested in design. It is an interest ng fact that when tooling jobs are riven out on contract suggestions ire sought from the contractor for hange in design that will reduces or eliminate operations The stimulation that has been given washing machine industry came m redesigns that gave the customer 1 good product at about half the cost former standard machine It is ful if any amount of advertising and high-pressure selling could have effected equal sales of the original machines even if prices had been cut helow cost 4 “fussy” buyers’ mar has forced new features and low prices, but important also is the act that the rapid advance of related rducts has made obsolete and unsal able many articles that in good times vould continue to enjoy a fair sale. rr alone has been the motive behind ich new design, and where it is not recognized, and products not kept ng with the changing markets, anufacturers will find their products Special designs or redesigns to meet 1 price must not be confused with the inloading of products such as was yarn 7. a oe ST May ON ee ee a - es pe ee ae en a wher and of making it capable of with tanding the stresses. Engineers « noted ability have too frequently bee afflicted in this way with a tendenc) to raise objections to new things. Per haps the men least subject to th mental disease are the designers the special machinery and tool plant who are continually spurred on by i tricate jobs handed to them by repr« entatives of processing plants wit! e result that “almost human” aut matic machines are developed In consumer product fields designe until recently have frequently wait intil decreased sales or repeated cor ' lerable amount redesign ha plaints from customers have force: aking place them to make changes. This is wl ne of our big mail order houses | on assured that tl put a resourceful non-technical ex: vears f wine the unt tive in charge of its new product l be a} yn in place of an engineer. Even rapid engineerin: the much lauded automobile indust1 ef an - a +] the ice-president in charge of sa ct tha e now have working ¢ of one of the largest companies ¢ h an advance that we did 1 ressed his belief that American wi re name erent ‘ en are the real designers of the pre peate | romarkal ened ininwladon of demands for specific results. It their continued requests that broug! vas fundament t] elf starter, that replaced tl { i asic idea. t if , hard-working cone clutch, tha l Tn ught the closed body, and re were no stro} eventually will bring complete aut ——ee eee and automatic in Some of the possible advances in d 1 be e ol e 1 erla gn have been held back by a re : . le al number ance of the market to change. Severa : : mpanies have made a nce ance desig? of stream-lined an \ I the it h? , dva rear-engined cars that they would n eT e) dare to 1 n production becauss hown that thi balance is on re ached when n between the ales and he eng neering department While the laboratories of research and will be more importa! as better business conditions pern the assignment of more funds, st the individual company has had to ré¢ largely upon its own staff for immediate improvements t its ow products. Any manufacturer wh t not willing to spend money on researc (Concluded on Page 397 364—The Iron Age, September 8, 1932 5 “HIS paper is presented from viewpoint of one who for 4 se laboratories th wa erable ntac witn manula l nd use! i materia Lu! I é ite juite a rg nu ! er 1 ests and n £ YT yutside ni I nat this experience a r some Knowledge, or al ithy, with the manufactur } ? ils yf econ rus r é ( nd, with the earch laboratory vr ite expel i ‘ metals, and the exat for | tr ( 1 1 nar f the fi j HH Ir nerete men, textile and rubber expe t n tha I LY f the nateria I \ T T eT { | r nforn Y n y ipp! on I i ’ n ? a , . . , , i i 11] : nt ’ y Vv l (oY i "eq ’ r ( mine ow i out Dy ore , nri? y ' I alu no ra an is tw as¢ x ore N [ py I } ria y T € é ne ) } i ha knowledg yf fac I ! exar yf le rree 1 I sion ava la Y ] + KNOW } on T i? Steel for Automobile Crankshafts Ly ‘ I rte th VOIO l y consideration of the procs ing whethe r } oiven Test Results and Service Value of [ ETERMINATION of the significance of test results is a much less definite prob- lem than the problem of mak- ing tests, says the author, a prominent authority on mate- rials testing. In this, the first por- tion of a paper delivered before a meeting of the New York sec- tion of the American Society for lesting Materials, the value in service of steels in general, as judged by the ordinary labora- tory tests of today, which are a celerated tests, is interestingly discussed. Im a concluding sec- tion several typical laboratory test results are reviewed. Materials—| BY H. F. MOORE Research Professor of Engineering Materials University of Illinois, Urbana, Ill + valit int ite av re vide range if test result ad beer 5 + - eo a i y years or service We ould then judge of their value by the ind empirica re Lit expel i t ut W inn va i ong t We test vhich can be ul 3 ‘ ry u 2 ‘ y t} r y i i ‘ i ‘ ‘4 na ito! ‘ ire r very natut | é ‘ + wl ¥ re ati iE ‘ ow T K pe! 7 l I ng of « ne« ’ , : the 5 ng yratol . ild a ft siecainiaiiene , Some Suggested Tests for Welds i * . 7 ; ee , ! ne t ! fa ’ ‘ } é t a : i i VM : \ ' r B \ l H ff rer Y . TY re ’ (jy : os . ig I st I f es oe 3 . A figure é e Vv le argued t g és ould i pie ‘ ‘| ] é I vit re % LT yr r A 4 ‘ ear ] I ative r 1 Wi asked Concluded on Advertising Page 16 ‘wera The Iron Age, September 8, 1932—365 Ee 4 Better Times — First of a series of ‘Performance Pages” as | selected from actual practice by The lron Age Editors tual Tin Pre s Meth Actual Time Previous Meth Die 3'4 hrs. 8'4 hrs f ‘ ~ ppe 2'4 366—The Iron Age, September 8, 1932 4 G oe Lod me PRODUCTS: Dies, strippers and punches for business machine parts OPERATION: Shaping and relieving irregular contours PRODUCTION EQUIPMENT: Pratt & Whitney vertical shaper a ime & OSSIBILITIES of cost reduction are best visualized by practical ex mple. Authenticated examples of ac tual production time are of particular value to the production executive who measures methods through the compari on of results. This new Iron Age Better Times’ series will cover a wide range of equipment and products and will be of suggestive value to makers of metal products ry ree: eT ee, ene ee ee ee meee _ wr er. OS OG A ag Seta ll at deb ING ee ) ad > sapene ae Rint, The Iron Age, September 8, 1932-——367 ee Right Relations of Air and Oil in Oil Burning BY ROBERT C. HOPKINS Alliance Brass & Bronze Co Alliance, Ohio ~™ furnace ind poor burne) liescribe the location of test areas. Y equipment yield about If possible, take samples while fur- san results as good burner naces are ! actual production Vastetu Lé ind tne i En pty furnaces yield no rofit and ic] epa by testing pler yrking under ! et re ner bu the tests l a é yblem a study the an Ostwald \ ga r ] 160,000 B.t.u nd if 100 per cent In this chart the perpendicular of realized would ean 452 the triangle divided into 15% te ated 1 temperaturs aces representing CO.; the base ha leg. Fah tt er 4 1 space for O., while the hypot Ther ire ise 1s the ne of perfect combustion hypotenuse mark Q et of diagonal nrove nt ind licate the deficiency and ex } Nota mada bk ’ } Ape i i I inaly ( are kone i Le I I owing Xample ] ! arte CO } er cen CU, none 2, 2 per ce he intersecting lines 1? ) i cate erf ombu with 10 no ’ t 1 en ill tron ffere1 4 e ma read CUO y iT t () . e7 ent CU i TRIAL OTOL ' q 1 , } * ‘ fl fl ' j fl 4 Wl, fl r s 4 fe f7 a An tr 1 [' furnace gases show under 12 per cent carbon dioxide and over, say, 2 per cent carbon monoxide, a different air and oil ratio needs to be tried; Ostwald chart at left is for fuel il and chart at right is for tar 368—The Iron Age, September 8, 1932 r | per cent. Indications are imperfe combustion to the extent of 7% pe ' cent CO, unused oxygen 2 per cent and an air deficiency of 7% per cent A condition of this kind requires tl backing of liberal cash balance or long price. : The Ostwald chart is a valuabl aid in the study of combustion, and n man responsible for fuel consumptior should be without a copy. One of these shown is arranged for fuel o and will answer for heating valu up to 145,000 B.t.u. Another is for use in connection with tar or liquid asphalt of 160,000 B.t.u. per gal. and provides for maximum CO, at 18 pe ‘ent. Carrying out the suggestions wil rule out guesswork and assist in improving conditions which need it If the results are not up to at leas 12 per cent CO, and on the 2 per cent CO line, try a different air and oil ratio. Start in with a reducing flame and adjust to where the flame turns bright and just slightly beyond the appearance of smoke. Keep away from an oxidizing flame, and note thi rate of heating and take the Orsa readings when billets and bars coms out at a forging temperature, wit! smooth, oily surface. To the practical man with mind on tonnage, all thi may seem trivial and unnecessary, but n time he will see the value of mo intell appreciation by every man concern: — rs + igent furnace operation and ? the WV rk. and requested assistance in ng the heats and increasing on He reported that the fu es were slow, steel being work old, and carbon deposits in th nace, and no one seeming to knov it was the matter. Only one fu was doing good work. The fi erved symptom was_ the m¢ ring ut o he ent I ) n ce nere vas i i nace I king 1 I a ne The heater and ( one furnacs ( nowll eact e} ant d ur A the world i I tem elin ited ne Turnact wo! ( 4 re i i t , ‘ ’ irere ( ( rT i wn at v : I ’ ) ) oil ? f ‘ Al i ( nine { i: ' I Ach , ‘ I wn rega ] l i tf an autnority an ( I n nigtecehaan Or ly manne il a Ll¢ nansi nal I pe wled ge Ir } ; li l ! stenec i I l IT id n¢ } VY al they x y it is easier hearing abou he w st an thinking through the nt ea wa advanced that too 1? + ) 1 is e) r ] ed if wa er n¢g ne n nace and reventing tl i g n ( \ th piar i irnas he re equipped vw } y dua 2) nd to cut down tl ! é h pasteboard was pu ( é i ree? i the bh Vey! inié i Cr Va nsufficis a ind -—— sincerest = l | Ne A ian See ees HEN the furnace gas analysis shows that air is found in excess of 10 per cent of the needs, it is time to study regulation of \ he air volume. The chart shows for a given centage of excess air what the percentage fuel loss is, depending on the temperature of the flue gases ‘ to way to determine burner efficiency is to analyze first the products of combustion. To the practical man with mind on tonnage all this may seem trivial and unnecessary, but in time he will see the value of more intelli- gent furnace operation. First, find the facts, face the issue squarely and good results are sure to follow. These are conten- tions of the accompanying arti cle, which follow two others by Mr. Hopkins, one devoted to the design of the oil-burning system in its entirety (The Iron Age, Aug. 11, page 211) and the other to the oil burner problem itself (The Iron Age, Aug. 25, page 290). vrTwvwwy ’ ‘ ¥ r | Loss Through Exce Air F l An a ri) ’ ’ ty ‘“ ne witl ( iT A na al n a ne ay ed i7 all rr IT pl oOx1d {L I i l th rir I s Wi! exce Loss Through Incomplete Combustion ner end of the I oxidizing flame | + iT nese ast : neo i ill conadith e¢ dat a l€@ lay i re llating 1 ‘ I a } ‘ ‘ ‘ } le pras< i , ne? ] ik } i wa 1 é waste ) an i! prac i ) and ¢ é } i cal al ‘ i + ‘ Y alone j n « ' to al l ind pa that na eid I luc The be : ‘ ul ve ‘ Db f ic? re 4] burn The f ruiate ] alr Car ide n Pa ea a os N addition to the loss from excess is the loss resulting from incomplete com bustion. Even with an allowable f 10 per cent, there is a in addition to the loss shown on the preced ing chart, if there is as much as carbon monoxide present in the furnace gases The Iron Age. September 8, 1932 wn a reducing RE er FT TE ra La egy IIT mL ER ep esp ine Sioa oe hare a BY W.R. BE A ar _s oe with t ot about in the founc Vir. Bean, a past-pre American Foundrym ition, gives an intima 1 The Malleable Industry Since 1900 an resent Condition AN the author ) \ years ex iry industry, ident of the en’s Assocli- te picture olf | onditions in the ralleable in lustry. With two foundrie apable of producing one-sixth ' , I the industrys t mninage, th uestion of dismantling some ol he capacity of the re if I ed. Co rdet h past te ‘ nm? ‘ t maining 137 iwo Plants M ike d Its ; } } ? ly , ed ‘ ‘4 in £ a l | j a } ' yr plar W. G. Kra 1 «& : j } ' } j , ' ) ' * Sixth of Output Industry Enters a Transition Perio An Interview with Harry L. Horning WwW H. L. HORNING | | | es l 7... ere ibroad indicate [ é ‘ ‘ ' ing political institutions mu re ri difie d to meet cle nomic needs. R 1 pusiness men Nn earne hat ind istry create n cf, a is being, destroyed the e» ; travagance of tax-l 1g pub , ' ' ' ' { The depression has been tft aE ae Ft aaa be Na ' broad ind too des p to pert rapid business recovery { ' . Period of slower ¢r yth ihead Ls il 1! { will force industry to alter its ; methods. i } ' The five-day wer vill find ; nome Lniformity ' Nation ilism greater vogue. Che manufactur hs ' ' ' ' ' of specialized and individualized products will be stimulated Medium-sized and flexible or 7 ‘ ‘ : vanizations Will probably ne e i found most efhcient for profit hs 14 7 i ible production and merchandis- f ins ' ’ vTvyY 1 VV t fv : e A I ' 7 ; vy y . ~, , y ‘ ' i W : ieee a x Burden Increased by Deflation Ce ee ee a ee ee The Iron Age, September 8, 1932—371 This new process is continuous, cor trolled carburizing and is very cleat D d f a A No packing of boxes or handling of Gas Furnace Developed for Continuous iv. iusty’ Gtmpound. is. necessary since the carburizing medium o wholly gaseous. By proper regula Carburizing of Steel tion of the ratios of the carburizir gases, it is possible to bring the wor from the furnace free from carbor clean and in condition for the ne 5 “1 t hout the operation. ressive The first furnace to be installed wa 2X in the New Castle plant of the Chry ler Corpn. H. W. McQuaid, national known authority on carburizing, ha arbu mere miei ordered one of these new furnaces work had ecome OV rt the Timken-Detroit Axle Co., and th econd installation is being built the Chrysler corporation Ohi ) bu rarouK thy urnace, Exports of Machinery | akan = Rise in July for monoxide Exports of United States industria know machinery during July totaled $4, 280,000, compared with $4,070,000 react with carbo! June, a rise of 5 per cent, according © Wis ' : to the Commerce Department’s Indus trial Machinery Division. as that } t bee This advance was made possible by prevent an improvement in shipments abroad It j t rt metal in the of items comprising the mining, 0i = well and pumping machinery group, as well as slight gains in sales of oo Sn eee steam engines and textile machinery, — es vt it was stated. zone, which held at the There was a decline in the foreign nperature and where there demand for metal-working machinery a ee ee eee which slumped from about $1,000,000 r cepa in June to $715,000 in July. Trade in prevent ny decarburization of tl : ; ; . : the remaining items, including indus exposed steel By holding the metal i ge 3 3 ich an atmosphere, a progressive cat trial sewing machinery, shoe ma flow bide diffusion from the case inward t chinery and the miscellaneous classi core, so necessary for satisfac fication of “other industrial ma Rapid diff y adherent case, is brought about chinery,” remained fairly constant CONTINUOUS carboniz ing furnace devel- oped for the com- mercial use of the “Eutectrol’ process which depends on the use of gas 372—The Iron Age, September 8, 1932 a type TA power-indexing dri rir ng and reaming machine recently suunced by the Kingsbury Machin DO! Corpn., Keene, N. H., was dev d to meet hinge manufacturers’ re ements both as to high production } wa 1 flexibility. The machine here ry wn, for drilling and reaming pin all es in hinges, is arranged so that ha work tilts in its nest, which per ts drilling from opposite sides w Indexing is contro 1 nv ently cate he eY } d s for nz. \ r ne ere oles ne one he treadl« This naex gy al nre il ndexed ation the ) ling t se era I aas ne I x Power-indexing machine set-up for drilling and reaming pin holes in hinges yntrolled and the finished work is ejected automatically different sizes can be handled resorting to a trun gy hxture. \t station No. 1 the work is drilled n opposite sides by the left-hand nd upper right-hand heads, and at n No. 2 it is line reamed by the right-hand head. If desired, an rmediate operation, on the “up- ’ angle, may be performed at sta | n No, 2. [he cabinet base of the machine tains the power indexing unit ant reservoir and pumping unit, of which are accessible throug door. The base has chip clean ‘ h oth ends. At the center | ports the horizontal indexing dia he inclined surfaces, the va | drilling, or reaming, units | Three-spindle auxiliary heads ar inted on each drilling or reaming and three work-holding nests ar ed on each station of ree pieces are completed at each in King The hinges going throug machine may be of one size only the very high production job ree different sizes may be run rough simultaneously to cover tl] ellaneous work. sirite ' lx , muitaneously a su At the completion } 1 a large locking pin aut the dial in place and ing three individual toggle clamps rigidly Immediately after clamped the holes are d 1 1 their completion the ‘lamped automatical No. 3 a duplicate set tions in like manne During the indexing ing to the loading stat ejected automatica ns under the center eacn individual WO! are liepressed at ai the polr of electio a hxed can The can ipwar@, lifting the wv nest, and tne tlited xt + fF +} VOTRK - ide TT Hinge Drilling Machine Combines es High Production and Flexibility Indexing is foot Hinges of one size or of three atiol rst index Cail i) KS (Adjustments for Setting Up 4 ? A iriliing pindle l 4 adju ner to lrills of various leng auxiliary head. Each drilling or ba :' reaming unit is provided with quill idjustment for accurate depth setting, adapter - and is mounted in a dovetail : plate with screw adjustment for ad isting the complete unit Additiona ams can be furnished for work r juiring different feed r strokes 4 variety of spindle speeds 1s ob ainable by changing speed gears a the back of the heads Several set of oles for the locating pins in the work nests are furnished to provide for dit rent lengths of hinges which ar therwise alike. The indexing dial ha cating buttons to permit the us¢ lifferent style work nests Hand indexing can be furnishe ace of the power indexing if pre ferred. Any work requiring pposed yperations with a maximun f three perations from one direction and on rom the opposite dire¢ iy be handled in the a e manner Core ing, ta ne I ‘ ng ‘ ~ ina rat I ! ed ISIng Small Power Reduction Units of Compact Design Gees power redu t in fea ffered by the Merkle-Korff Gear if Che ear housl! adie isting ind tne eal na ( Dakeilltle ! I, are 11ed grea I tandarad l ( gned w a l6-11 i for ) n.-1 rque a l t i . : il aesired nati ] ‘ il rque up to 40 11 ur 1d n or synchronous type, are mounte n tl! year cast ] reducti ] in be fur ne notor ipling or pulley drive Drive may be either horizontal, it right angle in any position withir ie 360 deg. circl Any speed maybe had, from that of the motor (3000 r.p.m.) to any lower peed required and in either clockwiss yunter ockKwise rotation. The height of the unit is 3% in., width 3% in. and depths are 2 5/16 in. and 3 7/16 in. The Iron Age, September 8, 1932—373 ae ntl s * a D ee ee tad DEO ache, et eae Sih! Me Fig. 1—Combination drill and layout fixture. At left Fig. 2—Universal ring enn er neo drilling fixture used on a drill press At right Universal Drill and Layout Fixtures ieee ne See Se Me Sls In this design the protective len ra 5. WW > the holes on the outside diameter of held in place in a vertical slide by , 4 3 isting collars and work of similan pring; slight pressure with the ch Tine estnienmen eid mmawient yn an aluminum rest raises the lez ( he fixture 1% and 6 in and allows the operator to view thi . p : H ye in he lrilled ti work O1 cnange electrodes. When ter f 6-in. width of ring and pressure removed, the lens fal fram %, to & back into place automatically. A tationary cover glass guards th inner lens from spatter and also pro tects the operator from flying spar! in case the movable lens is raised Head Shield Designed to ow | Ke¢ the eight of the shield : Ss at a minimum, the case that incloss increase Welame Outpat f° St wots of aucnioem a > i< ( i nade Ul «Al i! 1UTh «A NTIS ee featherweight but turday fore VIG VW ( ( eld! . . 4 ne? en ani ’ db nieid ire yroug! ell ick ul | | t) Ci Clevelanc ( he head event fla r? W n other operators, and the ( ( ’ ( ‘ nward t n r< , ng he chin Piasse 01 ? ne ( i \ mal : 1 I Tacle may \ rr Wwitnou n ! E i ire re al y ference | eadband ma welding } rr ] isted ) l com! era l _eeen Weirton Ste ( ary National Steel Corpn., has receiv from the Government 17 large ce | artillery guns which will be | up for scrap at the We The guns vil iK¢ i U l ! it scrap. ( r '} Found Equ pime Ma Ula : , irers Association repo rder In a n July are represented by the ind | figure 18.7, as compared with 14 n J ine. P ictior t ta I July declined to 1,275,649 lb. from 1,319,24 ? Ib. in Juni ‘cording to reports ré Interior of new Lincoln Weld-Fast head ib, in ine, according t rep ae ee ee shield. In this view the protective lens ceived by the Bureau of the Census it ised is raised rom 40 manufacturers. 374—The Iron Age, September 8, 1932 July Iron and Steel Imports Lowest Since March, 1922 ; xports Gained Over June —Japan in First Place in Shipments ; from U. $—Our Hoops and Bands Receipts Increase Imports of Iron and Steel Products into the United S United States Imports of | Tce peat: on i it ad Amat igs atl 8 os 8 a . mre Fe ans RT ee te eS Exports of Iron and Steel from the United States Metallurgists to Confer in London Sept. 12-15 In neat } ; ' i I { | . i ' ‘ ? 7 ; y +Y x y “arnt ‘ ? ly ‘ D ‘ na I \ Ca eI ne annua 4 lr Mi i rniy } wine I é T t th In t 4¥ , . ¥ ? i KE ne ers W at n \ 376—The Iron Age, September 8, 1932 { ing ‘ in rom Cuba ] npor prir a INnctrie were ade f A Belgium, 569( ; 7 I Germa 159 ons; rance i n r Unite Kir ! } ) { ntere t ft m nbers t oth tutes wll vw presented for dis ission. In the afternoon separate ses yns will be held. In the morning of Wednesday, Sept. 14, final separate ons of the two institutes will be ! remaining papers will presented and discussed. Alto- er it pected that 14 Iron and steel Institute papers and 17 Institute Metal papers will be presented at rious sessions Sheet and Tube To Build Coal Loading Dock The Young wn Sheet & Tube ¢ roungstown, ha placed a contract th the Dravo Contracting Co., Pitts- irgh, for the construction of a 1000- mal loading dock at Nemacolin, 1... on the Monongahela River. Coal ve transported to the dock from the company’s mines by the belt con- veyor system and moved by barge to Colona and Conway, Pa., on the Ohio River to the docks of the Pittsburgh & Lake Erie and the Pennsylvania rail roads, town, for transshipment to Youngs Contract also calls for tw concrete ice breakers, eight mooring piers and other equipment sufficient for the handling of from 2000 to 8000 tons of coal daily. The Dravo com- pany has also received the contract for the transportation of the coal fron Nemacolin to Colona and Conway Chicago-Milwaukee Rate Reductions Suspended WASHINGTON, Sept. 6.—The Inte: state Commerce Commission has su pended until April 1 schedules prop ing to reduce tne rates on 1ron al steel products between Chicago grou and Milwaukee-Racine, Wis., grou nt from 14.5% to 12: pel L100 r ri ‘ t i ninit \ } ot) Fabricated Structural Steel Bookings Lower WASHINGTON, Sept. 6.—Fabricat« structural steel bookings in July r« ported by 260 establishments to the Bureau of the Census totaled 62,247 tons, against 78,242 tons in June re Estimated 69,200 tons, com ported by 260 plants. yooking’s totaled pared with 86,800 tons Orders reported in the first seven nontl ' the current year totaled 142,821 tons, against 1,183,372 tons 11 the corresponding period of last yeat ymputed orders were 186,400 i! 1.264.800 tons respect vel Weirton Steel Co. Buys Another Steckel Mill Co., Weirton, W he National Stee has placed an or Metal Process Co Youngstown, for a Steckel cold-roll ing mill to be installed at Weirton fo1 of tin plate. The mil in. in width, of the four-high type, with backing rolls 26 in. in diamete1 and 5%-in. working rolls. Its capac- ty when rolling plate for tinning approximately 1200 tons monthly. The Weirton Steel Va subsidiary ol Pittsbi Corpn., der Witn tne e rolling This is the second Steckel mill to be installed at Weirton, the other 38 n. unit having been in operation for 18 months. Strip rolled on the Steck el mill and made into tin plate is suit drawing operations after it has been annealed, without normalizing. able for deep The Cold Metal company recently received an inquiry from Belgium for one Steckel hot mill and 10 cold mills | » to Jhio \ h & ‘ail i oe ‘ — —e igs a FE_THE ASSEMBLY LINE... ——— - PE 7 i JAZ y tw S ——s : - i - , & ‘ 2 Y —— } i>. 4“ > ing [ j oe ee ‘ _ lent aa —\ Y I a O00 Om- aC ron ou ; DETROIT, Sept. ¢ vu] y ITH August having show: / a production of only ab | 75,000 cars and with m ' . ‘ tor car makers except Ford curta ' hedules this month pending tart of work on new models, the st¢ e| : ide at Detroit is languishing and ves are turned hopefully toward ter part of the month when buying ild get under way. Comparat ted vy light steel releases from the I re Motor Co. were the only development the vhich enlivened the past week ) si Ford’s Rouge plant reopened he th a tentative manufacturing p1 _ ram of about 2500 cars a day, fou os ivs a week, during Septembe: It expected to resume its regular ste en irchases late this month, but it led elieved that its requirements for O tober will not be large. Some F* al ippliers will not become ac erhaps another week, since the; lt up a stock of parts before shut e down. The Murray frame plant hich has operated for at least tw r three days each week during is lle period at Dearborn, continu ry active Ford vendor It was believed a week ago tl W me steel releases for the first pr iction run of new models might com: >t - . ; ° ‘ hrough before the middl rt pseptem er, but this hope is rapidly d ' ippearing. One of the larger aut obile companies will not take bid n its fourth quarter steel requir nents until about Sept. 19, wl neans that releases will not ntil the last week of the month. I fact, steel people familiar with resent situation in the automobil ndustry are not laboring under th to lusion that the assembly of deak 8 tocks of 1933 lines will bring 1 or | irge steel tonnages. Most motor cat K- akers have formulated an ul Lt ervative program of buildin; ns enough units to imples f ut alers until the ’s demand f irs is more clearly defined. Thu ly ny upturn which steel mills w or from automotive customers w Is. only mild at best. Turning to the brighter side of th: August automobile output esti ord Resumes Production at Dearborn; : Motor Car Sales Trend U ward e€ek f August ncreased O00 unit er the similar period in July, while Graham-Paige’s orde la month mated at 75,000 cars. “ae oe ee eee SS oe Unles tne usual rocedure % reversed, September sale will show a Ford’s tentative production sched- ain over \ ges not o1 for these ule this month calls for 2500 cars mpanies, Dut also for the entire i istry Plymoutt en é last a day, four days a week. : oe ; 4 veeK were about [2ZUU i! and n ~ De ae Che irt t «ne Commercial car sales show encour roret Ousine nas p ned tor a aging gain. eek or two tne temporary ck a f ( nevi et gear and axie plant l cit Rockne hipment ' ee Augu ncerease “ ‘ t I n Jul picture yne may fi I — — ~~ 38 Detroit Notes ed a wee ag ( t ercia t t Local die shop idly in need of brisk flurry that it iviInaw inary) work. have been itting p1 ‘ har} operated three day cece I n an effort to part pate tre truck cylinder bloc} lespite tl fa ill amount of busins now ava that the week prev l t haa . ible Willys-Overland has placed intil Sept. 19 after | i large volume of die orde! with a completed its 1932 r Other , Malad ompany and with a southern panies, including D e and Reo, hay Ohio die maker. Murray Corpr had an encouraging pic] tr snderstood to have received a sul sales. Chevrolet’s experienc : tantial order for chassis stamping ening its found naicative rom Studebaker Little teel vnat 1s nappening thr [ it tne I moving into Detroit by water due suUStry Just wher ! to the inability of mills to get suffi ludes that it has fir ng thé ent tonnage to make up a boat load m order nf r resigne General Motors Truck has ar 1 period of btair ounced a new x-cylinder high mal olume of nd, havin; torque engine. The exhaust alve r I ar actor at are of the threaded removable for another short ru ynsisting of an oute hell of In the first 20 A) Lugust pecial alloy steel faced with Stellite Chevrolet sold 17,038 car again The Nicholson Universal Steam 14,698 in the same period July. Thi hip Co. is shipping cars by boat to proportionate gain was maintained Oswego, N. Y., where they are stored until the end of the It intil needed and then trucked to their evident that the sma ul ifa lestination in Eastern States \ rers are bene ng fror ir? shipment of Auburns recently was nfide nrougt tr ent Dy boat to Oswego, trucked to ‘ though the r nent of New York and again put on a boat he mildest sort. A leading 11 for delivery to the Pacific Coast via lilder estimates t f me time the Panama Canal. General the scrapping of es has ex Motors and Chrysler will not be in eeded production by 3000 a day. Tt production on new models until som« reating a vold which mu be filled time in October and there i slight as soon as the average motor pur likelihood of public announcements hasing power 1s restore before at least November Chev Largely due t the rraplans rolet is now in the market for a few Hudson-Essex sales in the first three machine tools at its Flint plant. The Iron Age, September 8, 1932—377 Ps ~~ en See” or ‘ Y \ The oe if) on 4 F. C. To Expedite Loans on Self-Liquidating Projects Jobs Calling for Total of 130,000 Tons of Steel May Be Approved Soon Corporation May Urge f Domestic Materials lt as a Policy That Government Money Should Be Employed to Buy Foreign Products Iron Age. September 8, 1932 program, ch gra to TI IRON AGE in a..3 A ned ect \ 1 ¢ i W Hot ce rr Pe \ \ 1 in’ bz, | it} } | the Qa 100.000 y Tr it ( ( 4 ‘ 4 y 1 r p W. W. Atte ’ I> I \ a ‘ ir I tra a an Lr \ { H Steel Barrel Output Lower in July ~——we --- PERSONALS... Simplified System of Discounts Adopted by Steel Pipe Makers 1 . 4 | | See Australia Modifies Its _— Tariff Policy The Iron Age, September 8. 1932—37 ery a er aE etree yp a EES eat Diet Ne. Sanh th we an ae > ye caer orca re a a es i es European lron and Steel Markets © inissn prices Are Improving Continental Prices Again Advance—English Pig Iron Trade More Active—Tin Plate Stronger Ny ANI ( iner petter ngu ( va d sheets including some fro - f for sh nt from Octobe t ‘ m1 ( y farcl Chere also more Australiar u wing a further reductior I he Br nh prete rential tariff ron : aoe 0 10s. per ton. English maker t th pr ict are regarding tne ut y : ’ k hope ly. ring é é Continental eel prices continue t A ‘ I 2 x . . ’ ‘ 1 ! inder the influence of broad Th ( ’ ‘ ng nand trom scanaina i, Far 1 + : : 1 Ea and l America Compe ° 4 . q \ n less aggre ve and men ‘ lennitel more conhdent 7 + + \ ! nite Kingdom duties o ! ul x r al n¢ f rews, plain or « é ! ate A I I other rie als or sut I a ! n inere ‘ n ev N race ne lus i iT i rre ite of eee LETTERS TO THE EDITOR ... Domestic Dumping ng f.o.b. United Kingdom Ports | j? Gross 7 be omanganese, export £9 I é open-hearth 11 6d to £5 B ' heet Japanese cificatior 1 f Tin plate, pe base box 15 ¢ to 1¢ Steel bars, open-hearth 17! t 8 Keam open-hearth , t Channels, open-hearth 12 t 8 Angle open-heartt t« il I i heet Nx 24 rage x x 10 (a anized heet Nc we 4 ' t v Continental Prices, f.o.b. Continenta Ports Vet i Gold t Thoma £1 18 Wire rods, No. 5 B.W.G 4 1¢ Black sheets Nx ge, Japanese steel ba merchant Bean rhomas d f Angle Thoma {-in and larger t t Angles mal! - 8 Hoop and trix et ver 6 IF base £ Wire, plair N« “ W ire irbed, 4-pt N BW. s | er |lb., or led, per gross, whiche greater; on screws over No. 8 gag: he increase is to 2d. per lb teel companies should lead the way | by not competing with their custom €1 At present they seem to be iefiy concerned in buying up com peting coneerns or in putting them ou | of business by the dumping methods th so condemn in others. “No t \ \ logan, Sales Below Cost : : produ n _— supplemented by “No Competitior Should Not Be Forgotten ee — ete saad with Customers,” might, if followed nould n oe do much to change “The Forgotte f The lron Age At ecoming genera re nize Industry” into the saromete} : he Government nouiad n Busine that t wa considered ni 1 te pete with private busine d private cant re am | a Me : sin as exemplified { arg FE. Haut | fF Y y ¥ rey Golder 7 | y r ve & OBITUARY at the age of 10 in a steel mill l American Ih as ~ cao Wales, England. He had long bee t 1 dinner a t] closely identified with the continuou ! er ndu mal WILLIAM H. HUGHES, a partner ir hot mill phase of the industry. He ial after-dinner yphesie fughe & Pattersor Philadelphia served for a time as superintendent mes and eir pledges to main vl more than a half a century with the American Steel & Wire Co n fair conditions and to a 1Y have rolled iron bars, died of a heart Cleveland, and the Grand Crossing ir and cut roat competitior +} itta h home in Bryn Mawr, Pa.. Tack Co., Chicago. For the past 14 justrv hold reath wondering n Sent ized 51 vears. He wa vears he served the Acme Steel C ere h com on will breal rraduated from the Universit. Mr. Powney came of a steel family There . feeling analogou Pent nia in 190 both his father and two brothers hav hen Cong — . ng been prominent operating men rh, ” ilies al ok chieailes this country and in England g faith and not compet ‘ustomers by “dumping” WILLIAM J. PowNey, superintend oe abrication and erect'on prices to the ent of hot mills, Riverdale works riment o1 se who are their nat Acme Steel Co., Chicago, died after a JOHN Muzik, in charge of all too ral customer They will get their short illness, July 23, aged 67 years and die work for Geuder, Paeschke & fair share of whatever business there Mr. Powney was born in Wiltshire, Frey Co., Milwaukee, died suddenly Their dumping tactics do not se England, and came to this country it on Aug. 29, aged 56 years. He came cure more than their share, but do his early manhood. He spent 57 yea to the United States from Austria 25 weaken the financial setup of their of his life in the operating end of the years ago and had been identified wit! normal time customers steel] 380—The Iron ige, September 8, 1932 industry, having s tarted worl the Geuder company since that time. R. F. C. Funds a. Should Be be made Spent At Home emeeee of stagnant industr\ It xpayers’ money if any of the of the country for m the United States. Yet no law x Ses Tt Tore ign materials ted \n amendment t Pennsylvania, wa lreasury and Post Ofh f irticles rown produced o1 im! tf the Lin C ) whicl e (sovernmer cove private 1 } en mn cont ‘ n I vad equipmer TOre n ree Tore t ! “ ' oad work n + ] . rnmen oan would ¢ nny ( Y vrong unde ] oO oO! ! irKeé it I ) i ( [ Irtu julvaletr t he wi \ \ t i nee \ tT £ +} nimi o] oun Vw i See ( | ‘ ( ( I Prepare for Keen Hi Competition Ahead ngely enough the increase it isine ts of the boom period hinds ther industrial departments. P neav\ I he percentage ot! essive. Distribution methods ad siuggisn. Perhaps the most important de two years has been the extension of efh md the production shop to include nd distribution channels of industry M iring units are now organized to produce and distribute Pig lron Down | More In Tonnage “ + per cent of Than Steel New Products and - * EDITORIAL COMMENT = = Small Companies t the Ma isetts Insti , »i* rhe fr i? ? y ble se in the position of being able ’ it ev ducts. The T ece MOK t ; “ >} f + ‘> é rapdie wv ‘ nmiita ire maintaining fi tior ind to se¢ ping out from unde m some t surprising wa mn these day ompetition may save many companies in the strug ? he depression. Old markets may fall new ones will replace them. That is, management ts sufhciently alert to look entualities The Iron Age, September 8, 1932—381 Peta Aa sence erga td _ a Sees ney te eet Moe gg or mee ner ty ™, Loss in August Pig lron —— a | Output Was Only , : 7.3 Per Cent Textile Machinery Output lower in 193! Company to Give Stock for Salary Reductions SUMMARY OF THE WEEK’ S BUSINESS Steel Production Rises Moderately ; Orders Show Small Upward Trend Gain in Output Sharp est at Cleveland. with Pittsburgh and Chicago Ulnch ang ed— Pig lron Te lal Lowe! in July b R- a ee bo fe E: ? 1: aed & a : { 7 ey a ae | f = : 4 Rails, Billets. etc Finished Steel aaa lhe lron Age Composite Prices 2 2 5 89 h> Fb4 The Iron Age. jc cits atm, Comparison of Prices 2. «2 o Market Prices at Date, and One Week, One Month and One Year Previous. Advances Over Past Week in Heavy Type, Declines in Italics Finished Steel Septe Finished Steel x ( Old Material Coke, Connellsville Metals Pig Iron 14 r stee bars, beams Based on average of bask I é wire rails, black t Valley furnace and foundry heets and t-r d r s at Chicago, Philadelphia I ts a 85 per cent Buffal Valley and Birmingham 1 States mtr r 4 ‘ I e 2 Fet ¢ 81, Jan ; $13.64, Aug. 16€ a 13; 1.945c., Dec. 29 15.90, Jan 6 14.79, Dec. 15 Ja 7; 2.018¢., De } 18.21, Jan 7; 15.90,Dec 16 Apr 2: 2.278c., Oct. 29 18.71, May 14 18.21, Dec. 17 De ] 2.217 July 7 18.59, Nov. 27 17.04, July 24 Ja 4 212c.. N 19.71, Jar $ 17.54, N 1 mber 8, 1932 | 14>.4b0) | f { { 7.0 pede | ' G.12' Steel Scrap Based on N¢ neavy r hie steel] quotations at I t Philadelphia and Chicago HIGH $6.42, July 8.50, De $8.50, Jan. 12; 11.33, Jan. 6; 15.00, Feb. 18; 11.25, Dec , 7.58, Jan. 29; 14.08, Dec 16.50. Dee. 31 13.08, July 15.25, Jan. 11 13.08, Nov 1 Re ee NR ESE ae Pittsburgh Steel Output at 12 Per Cent; Valleys and Wheeling Gain a Little nN T é : ' l ¥ ()Y T ) Mar I ' } \ ( LU : Y nnag nqu ly ] , , . R a A ; — n , p d n tk I s Wee A I ipa y m ia weel le luction } < per cent decause oO ; : wre Wh ng dist1 bou I I ' mé r i y t a nainta r ar I I of weakne I Mil ive beer ees isning recer I st grades which will n fourth quarter cont finished teel produ r quotations are generally med r the final month Makers of steel pipe hav: ed ar mportant change in Ingot production this week in the Pittsburgh district is unchanged at 12 per cent; Valleys up to 12 a : . a relea igainst i n per cent and Wheeling district E : woes rises to 25 per cent . S i No substantial steel buying, b minor gains in orders and in quiries have occurred Bolts, Nuts and Rivets Ford Motor Co ré leases some s 7 orders Though new consumer rmLIVING l > ‘ = 'S Bars, Plates and Shapes icking, scrap continue o display strength. vr wr? a fail a } y ’ r r , i ' 3 ' Pig Iron , ur 5 ~ = | p 1 rir , \ \ ngt [ r \la no ff i) e M Ww y y i l ; F ring ira lr} i i a? rrino ir for y ar has be ‘ the l the rmé ’ : _ I ! LY Semi-Finished Steel mess : Ta i | re nt trengt I reaffir ed I I rt juart : Cold-Finished Steel Bars af | nt r f ir , Leadi1 uk f i-finished \ i a I 4 f il differs \ ! r the it $2 é f | P gh, t ng y ving : , ryers, effec e Sept Extras ind wv ¢ f le than 10,000 vill] not ted. Ur he new in, the Rails and Track Accessories 70 : ag ~ aati ith nase price Wy ApDpILY miy AD Prospect fa : : ts f 10.000 lb ; 19.999 } of a er i rinnit ( é nd grade for ment at the The Iron Age, September 8, 1932—385 api hethe: Ps LOWEST 5 PIN Sr ER yee oe ee Ne mor ys Resump- GOlden Gate Bridge Jc ee Financed by Bond Sal C AN FRANCISCO, Sep th directol ( re it San I at e! tne OUT t a I A me a nal ri ) ay \ ( i ' tit ' ' j B i Fe i Trie Ri V FE! ( as a it) T I Ly al l Malleable Institute To Meet at Toronto 5OO e fron Age, September 8, 1932 Jc Chicago Trade Activity Broadens Moderately For Nearby Needs Railroads are expandins inte nance programs, but their buyins has not assumed important vo : scrap market has a of ncet j tainty, though prices are stil ; : strong ' rT Www? W Pr auct Structural Material Nuts and Rivets Cast Iron Pipe 4 0 cw = w 1Forcing > 4 W 2 N nt a te te Moderately improved ste: order not reflected in producti whi The fron Age. Se pte mber & Bars Rails and Track Supplies Plates rt ED a aR em tp aise te ee EI eR Ir eT a eet gone —_ sorrene mm eS me cee ee Eastern Pennsylvania Steel Output Lower; Scrap Gains Mild Improvement in Releases Noticed, But Plant Idleness Brings Low Average Operating Rate This Week piu ADELPHIA, Sept. | M \ccounts, Navy Department, Wash ; ! ne I eases for pig ngton ypening bids today for 400 n al teel has followed thé to 600 tons of sheets, mostly No. 22 es rage hot-rolled annealed for depth Scrap Ste odu 1a nere The market continue to yall trengtl \ number of grades are St. Louts Market Shows an Improving Trend V7 LOUIS. Sent. ¢ While trading . ' : rig iron een a decided increase 11 rt med operations, and activi it several jobbing foundries have , ar stepped up ellers 100K Io! 7 stantial increase in buying, basing iew on generally scant consume? Plates, Shapes and Bars mulate rder Prices are steady imports aced th veel Numer Both buyers and sellers of iron an qu et. Irregularit teel scrap were disposed to wa after Labor Day before dealing market continues very firm, and 388—The Iron Age, September 8, 1932 a number of industries which ha long held aloof from the market a quietly inquiring for tonnage. Off ings from all sources are light, a no increase is looked for in the ne future unless a_ radical upturn Western railroa have been discouraged by recent « prices develops. fers for their material and are ho ing their accumulations for a bett market. The only lists before trade were 2845 tons by the Chi Milwaukee, St. Paul & Pacific and carloads by the Mobile & Ohio Buffalo Pig Iron Sales Show Upward Trend | UFFALO, Sept. 6.—The La wanna plant of Bethlehem § has increased its open-hearth op tions from three furnaces to four. R ublic Steel is operating three o} hearths this week and Wickvy Spencer one. Award of 300 ton reinforcing bars for the 106th Arm has been made. Bids on 300 to 4 tons of reinforcing bars for the On nta, N. Y., sanitarium have been 1 } taken on a genet ontract for the new Buffalo pol ne viquarte ! ids were Pig Iron ‘ + For the fir time in many mont! pig iron sales show a definite upward trend, with business being placed it izeable lots for as far ahead as N Inquiri have also been received for first qua ember and December. ter delivery, but no quotations are b« ng made. Most of the iron is bein placed quietly, but it is known everal 1000-ton lots of foundry at malleable have been ld in the Ea being placed by large users who ] Hyrat narlly are first to cover under cond on ipproximating t present n et Producers art t tl epte } a née Strength of outside markets per hipping to Pittsburgh, with con ibility of shortage of scra n this territory. No. 1 machiner ast and stove plate continue to De firmer grade One dealer ha 0 No. 1 machinery cast at as high $10, yard. This dealer would not n sell a tonnage at less than $10.50, an apparently holds the principal sup} KE. I Essley Machinery Co., Ch cago, will move Sept. 7 from its pres location at 551 West Wa ington Boulevard to 825-845 Ree treet, where it will have offices an a showroom Le ne Replenishment Buying Begins tton ties An improved feeling is ns Are Small But Trend Toward Betterment Is Indicated— evident. Fabricators report little ton Jobbers’ Releases Increase ~ ee ee ee rreT ffi ‘ Dr cts \ ruption ol tne Labo Vay I 1scernibdie, I int + . + } ld : ‘ f > . ‘ {) n.} yt erat 7 . : ) lay ended Oo noid lt ( rom B iffa a ing ea ea4&©rt i i CCK but there are already some sign movement of grain have stiffer : sing . _ : ‘ening act vity Se le? of sheet lelivered price at . ” ‘ i T ( ie! ' Wee i ‘ Ul! piate re} ! improvement ll rl As i furtl I leT . al perate three at and jobbers art y rher tran I here's — oem : , £ £ ; ; reely in most of th rodu eplenishmer . , ‘ hand! » } ny ? } ? ‘ a Lif¢ LC t i { < % Scrap i tiated stoct one oO ne ma for increased isine «OF tin ‘elnte. leon om Reinforcing Bars ‘ I é rg x 1 ( le 1n I B ne i mee rg pack ma P S | i more importa é Br N. } é n fac A ! ? “ ? j « ke p { 4 4 N 1 . tories excessively low. The fr ner gg age AN Canadian Industry ’ Iraced + y 7 =" > | encouraged tl cy, § sal tear “woniaains: hal | Expects Improvement i cause tin ite consume! { Cent P I l N 7 \tra ¢ : ' ( i ed tior n the renera >) a ‘ee ' ws f ' a I iu i Cl cl ft il y eTa A AY nouncement I ne pl ‘ Y a ng t Rat ‘ \ / ated . ae ear may ) nade < } y , t ‘ T ' tl gt isua f No I tha l ac ) ! Count N ' / } ‘ a é r Decembe { , New . ; . j ooking ’ New Y I l 1 j : peral spe al ‘ I are CAP na irt refrigerator makers, as well a iu no chang? ; n new né Buyer ( plac tter run of orders from mises is expect i y y y : ‘ OT sources. The gain in jobbe S r , ‘ : y ' I 3 ce Sh -sced wai: tae Maen coal crap : Pp ) ‘ i ’ j ¥ ¥ i! u montn fo one n A) I ising : 7 r tor i eted as indicatil! tnat buyé* pr? r I } ‘ ] ne ‘ i ng more material, It are I ieal { é nave 1 ‘ r Ue inguin enougn about tne tut trengt n large enougi l ts Ior I { tual ' |