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E . L. S h a n e r E d ito r '¡n -C h ie j E . C . Kr e u t z b f.rg
E d ito r A . J . Ha i n M anaging E d ito r
E . F . R o s s E n g in ee rin g E d ito r
D . S . Ca d o t A rt E d ito r
ASSOCIATE EDITORS G. H. M a n l o v e J. D. K n o x W . L. H a m m e r q u i s t J . A . C r o n i n F. E . G o o d i n g R. L. H a r t f o r d
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BUSINESS STAFF
G . 0 . ITa y s B usin ess Manager C . H . Ba i l e y A d vertisin g S erv ic e
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Chicago
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Published b y THE PENTON PUBLISHING C o ., J enton B uild ing, C le ve la n d , O h io . JOHN A . RENTON, Chairm an o f B o a rd ; E . L . SHANER, President and T re a su re r ; J. R . D.WVLEY and c . O. Ha y s, V ic e P re sid e n ts ; F . G . STEINEBACII, secretary.
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Published every M o n d a y . S u b scr ip tio n in the nited States, C uba, M e x ico and C anada, on e )ca r S4, tw o years S6; E u ropea n and foreign countries, on e y ear $1 0. S in g le c o p ie s (cu rren t
«ssues) 25c.
Entered as se co n d class m atter at the p o s t o ffic e at Cleveland, und er the A c t o f M arch 3, 1879.
opyright 1937 b y the P cn to n P u blish in g C o.
/ L
F O R F O R T Y - E I G H T Y E A R S — I R O N T R A D E R E V I E W
c m t e n t s
Vol. 101-No. 17 October 25, 1937
R E A D E R C O M M E N T S ...
A S T H E E D IT O R V IE W S T H E N E W S N E W S
National Metal Congress and Exposition P. G. Lang Heads Welding Society New Divisions in Wire Association A .I.M .E. Sessions Well Attended
Highlights of Exposition ... 20
Europe Feels Check in Steel ... 21
Freight Advance Expected T o A id Buying ... 23
Steelworks Operations for the Week ... 23
Foundry Equipment Orders 72 Per Cent Over 1936 ... 25
Machine Tool Dealers Discuss Sales ... 25
Steel Founders Oppose Wages-Hours Bills ... 25
Men of Industry ... 26
Hopeful Sentiment for 1938 at Hardware Conventions ... 26
Meetings ... 27
Obituaries ... 29
M IR R O R S O F M O TO RD O M ... 3 ,
W IN D O W S O F W A S H IN G T O N ... 35
E D IT O R IA L — Public Opinion W ill Support Prompt Action on Tw o Correctives ... 37
T H E B U S IN E S S T R E N D Market Crash Will Test Industry’s Resistance to Shock ... 38
Charts and Statistics ... 38-39 T E C H N IC A L Manufacture of Chilled Iron Rolls ... 40
Technical Sessions, Society for Metals ... 43
Report of Welding Society Meetings ... 46
Porcelain Enamel Institute Meets 70 Fume Elimination Is Subject of S t u d y ... 72
Report of Wire Association Meeting ... ... 74
M A T E R IA L S H A N D L IN G Variety of Devices in Motors Plant ...49
W E L D IN G , E T C .— Robert E. Kin\ead ... ... 56
PO W ER D R IV E S ... 58
S U R F A C E T R E A T M E N T A N D F IN IS H IN G O F M E T A L S Color Standardization Aids Retailers ... 62
P R O G R E SS IN S T E E L M A K IN G Unusual Features in Rod Mill Drive ... 66
N E W E Q U IP M E N T ... ... 75
R E C E N T P U B L IC A T IO N S O F M A N U F A C T U R E R S ... . 78
M A R K E T R E P O R T S A N D P R IC E S ... 79
Th e Market Week ... 80
B E H IN D T H E S C E N E S ... 92
C O N S T R U C T IO N A N D E N T E R P R IS E ... [00 IN D E X TO A D V E R T IS E R S ...• ... ... I06
P R O D U C T I O N • PROCES
O ctober 25, 1937
• D I S T R I B U T I O N • USE
13
LUDLUM STEEL COM PANY, Research Dept., 1025 B Street, W atery]ict, N . Y .
Please send m e a cop y o f the L udlum liook let, "P e rfo rm ance” , free o f charge.
(Yame_______________________________ ______________________________
F ir m _ _________________________ _____________________________________
Address!____________ ____________ __ ____________
LUDLUM
F I N E S T E E L S S I N C E 1 8 5 4
T O O L • STA IN LESS • C A RB O N • ALLOY
/ rc fc n
"Wlicn a n oted L o s A n geles manu
facturer struck a sou r n ote in his p r o d u c t i o n o f m u s ic a l instru
ments, L u d lu m engineers w ere called in. T h e trou b le in volved hardened m andrels and d ies fo r draw ing s le n d e r tu b e s o f high n ick el alloy. T h e stock had a w all thickness o f .07" and was to b e drawn in som e cases to .007". T h e surface o f the draw n tubes had to m aintain a glass finish. A sec
tion o f each tu be had to b e fluted lon gitu din ally. N o s a t is fa c t o r y d ie f o r the jo b had b e e n fou n d, and the m andrels ju st w ou ld not rem ain straight— u n t il Lu dlu m to o k h old . A hard, tou gh a lloy, m achined and treated as recom m en ded b y L u d lu m m etallurgists, was p u t to w ork. D ies n o w retain their size and finish fo r lo n g p e ri
ods and w ith n o trouble. T h e new m andrels rem ain straight and are m ade fo r one third o f the fo r m er cost.
HIGH NOTE
0 Craftsmanship o f the highest order enters into fine musical instruments and the fine steels used in their manufacture. The perfect tonal quality o f many o f these instruments is made possible through the use of Lud
lum steels— because both instruments and steels are made by experts to the most exacting requirements.
Ludlum engineers fit the steel to the individual job—
and stay with it until the finished product is completely satisfactory to the customer and to themselves in every way. This Ludlum service is gladly extended to you, without expense or obligation. When you need expert advice on your steel problems, simply write to Research Dept., Ludlum Steel C o ., 1025 B Street, Watervliet, N.Y.
A n illustrated b o o k le t, " P e r f o r m a n c e ” presents typical exam ples o f L u d lu m Service, U n lim ited, and its part in speed ing the progress o f m od ern industry.
U se th e co u p o n to get y o u r free cop y.
/ T E E L
PRO D UCTIO N • P R O C E S S IN G • D ISTRIBU TIO N • U S E
■ f l i t h e £ d i t o %
l / i e u r i t h e A / e w i
T
H I N K w h a t w e w ill o f l a s t T u e s d a y ’s s o r r y s p e c ta c le , w h e n in v e s t o r s c o m p e te d w it h o n e a n o t h e r in t h e w h o le s a le d u m p in g o f s e c u r it i e s a t d is t r e s s p r i c e s , th e f a c t r e m a i n s t h a t t h a t s e v e r e a n d p r o b a b ly l a r g e l y u n n e c e s s a r y p u r g e h a s c le a r e d th e a i r c o n s i d e r a b ly . N o o n e k n o w s s p e c if ic a ll y w h a t c a u s e d t h e d e b a c le , b u t a t th e s a m e t im e n o one d e n ie s t h a t i t w a s a w a r n i n g — u t t e r e d b y th e c o m b in a tio n o f s u b t le f o r c e s w h ic h g o v e r n m a s s o p in io n — t h a t s o m e t h in g w a s w r o n g in o u r e c o n o m ic s y s te m . T h e m o r e b u o y a n t s e n t im e n t t h a t h a s p r e v a ile d s in c e t h e c r a s h is a r e f le c t io n o f h o p e , i f n o t b elie f, t h a t t h is w a r n i n g w ill b e h e e d e d .O ne p la c e w h e r e i t s h o u ld b e h e e d e d is W a s h in g ton. C o n g r e s s m e n w i l l do w e ll to c h e c k in to th e e ffe c t o f s o m e o f t h e l a w s t h e y p a s s e d r e c e n t ly . A r e t h e s e l a w s w o r k in g e x a c t l y a s t h e y h a d in t e n d e d ? H o w a b o u t t h e t a x on u n d is t r ib u t e d p r o f i t s ? T h e t r e a s u r y s a y s i t h a s y ie ld e d le s s r e v e n u e t h a n e x p e c t e d . I n in d u s t r y (P- 3 7 ) , i t h a s c a u s e d c o n fu s io n a n d w o r k e d h a r d sh ip s o n s m a l l c o m p a n ie s . H o w a b o u t t h e W a g n e r a c t ? H a s i t w o r k e d a c c o r d i n g to p la n ? I n f a c t , h a s n ’t i t f a i l e d o f i t s p u r p o s e , a t t h e s a m e t im e a c t u a lly c u r b in g o p e r a t i o n s a n d r e d u c in g e m p lo y m e n t ? T h e se l a w s s h o u ld b e m o d ifie d a t t h e a p p r o a c h in g se ssio n .
M o d i f y S h o t - G u n L e g i s l a t i o n
W h ile W a ll S t r e e t w a s s t a g i n g i t s s h o w , t h o u s a n d s o f e n g in e e r s a n d t e c h n ic a l m e n w e r e a t t e n d i n g t h e ir a n n u a l c o n v e n t io n s . I t is m o r e t h a n a c o in c id e n c e t h a t o n e o f t h e s u b je c t s w h ic h b o b b e d u p p e r s i s t e n t l y in m a n y o f t h e t e c h n ic a l p r o g r a m s w a s t h e n e c e s s i t y o f r e d u c in g o p e r a t i n g c o s t s . T e c h n ic ia n s , a u t o m a t i c a lly d ire c tin g a t t e n t io n to a v i t a l p r o b le m in t h e ir fie ld o f a c t i v i t y , w e r e d i s c u s s i n g m e a n s o f o f f s e t t i n g o n e
° f th e t h r e a t e n i n g f a c t o r s , i.e . r u n a w a y c o s t s , a t th e sa m e t im e t h e s t o c k m a r k e t ’ s p lu n g e w a s w a r n in g S tre ss E c o n o m y
In C o n v e n t i o n s
t h e n a t io n o f d a n g e r — o n e o f th e d a n g e r p o in t s o b v i o u s ly b e in g a b n o r m a ll y h ig h c o s t s . O n e w h o r e a d s th e a c c o u n t s o f t h e m e e t in g s o f th e A m e r i c a n S o c i e t y f o r M e t a ls (p p . 1 7 , 4 3 ) , A m e r i c a n W e ld in g s o c ie t y (p . 4 6 ) , W ir e a s s o c ia t i o n (p . 7 4 ) , P o r c e la i n E n a m e l , i n s t i t u t e (p . 7 0 ) , E a s t e r n S t a t e s B l a s t F u r n a c e a n d C o k e O v e n a s s o c ia t i o n (p . 7 2 ) a n d o t h e r s w ill n o t e th e u n d e r ly i n g e m p h a s i s o n c o s t r e d u c t io n .
T h e s a m e th e m e w a s o u t s t a n d in g in t h e N a t i o n a l M e t a l s h o w . I f a n o b s e r v e r w e r e to a n a ly z e th e s a l e s a p p r o a c h e m p lo y e d b y t h e 2 3 0 e x h ib it o r s o f t h e r e a l l y r e m a r k a b le d i s p la y s C u t C o s t s Is o i m a t e r i a l s > e q u ip m e n t a n d s u p - r I * l p lie s in A t l a n t i c C i t y ’s s p a c io u s bales A p p ro a ch a u d it o r iu m (p .
20
) , h e w o u ld fin dt h a t a n o v e r w h e l m i n g e m p h a s i s is p la c e d u p o n c o s t s a v i n g . S a v i n g to o f f s e t p y r a m id e d i n c r e a s e s in w a g e s , o r in r a w m a t e r i a l s , o r in t h e b u r d e n o f t a x e s , s o c ia l s e c u r i t y d e d u c tio n s , e tc ., o r t o c o m p e n s a t e f o r t h e a d d e d e x p e n s e o f a d h e r i n g to r e s t r i c t i v e l a w s o n h o u r s , w o r k i n g c o n d it io n s , e t c .! C o n v e n t io n s , s h o w s , t h e s t o c k m a r k e t — in f a c t , a l l e v e n t s w h ic h r e f le c t m a s s o p in io n — i n d ic a t e t h a t b u s in e s s i s e n g a g e d in a t r e m e n d o u s d e f e n s i v e c a m p a i g n to p r o t e c t i t s e l f f r o m n e w ly im p o s e d o p p r e s s iv e b u r d e n s .
I s n ’ t i t a b o u t t im e t h a t w e in t h is n a t io n q u it k i d d in g o u r s e lv e s a b o u t t h e s o c ia l b e n e fit s p r e s u m e d to be d e r iv e d f r o m s o m e o f t h e r e c e n t s h o t g u n l e g i s l a t i o n ? C a n ’t w e b e f a i r W h y C o n t i n u e e n o u g h to a d m i t t h a t s o m e o f th e
a c t s in te n d e d to p r o m o te in d u s - T o F o o l S e l v e s t r j a i p e a c e a n d to h e lp e m p lo y - ,
m e n t in e f f e c t h a v e p r o m o te d la b o r w a r f a r e a n d m a d e it i n c r e a s i n g l y d i f f i c u lt f o r a v e r a g e o r b e l o w - a v e r a g e w o r k m e n to g e t j o b s ? A r e n ’t w e b ig e n o u g h to a d m i t t h a t t h e la w p e n a li z in g u n d is t r ib u t e d p r o fit s is a g h a s t l y m i s t a k e ? I s n ’ t i t a b o u t t im e t h a t w e a d m it t h a t b a d g e r i n g in d u s t r y , c h o k in g o f f p r i v a t e in it i a t iv e , a n d r i d i n g t h e h o b b y h o r s e o f a n e c o n o m y o f s c a r c i t y a r e d e s t r u c t iv e p o li c ie s ?
October 25, 1937 15
Meet Definite Specifications — Pass Rigid Inspections
Ryerson Certified Steels are th e result o£ m a n y years of p la n n in g,— developing new specifications, new m e t h ods of control and com plete re a d ju stm e n t of stocks.
D efinite specifications and rigid in sp ection system s now assure th e qualities m o st desired in each class and type of m aterial. Special h a n d lin g and w arehousing m eth od s protect these qualities and m a k e possible im m ed iate sh ip m en t of every requ irem ent— large or sm a ll.
Let us give you th e c o m p le te story of Ryerson Certified Steels. W rite for booklet H4.
JO SE PH T . R Y E R S O N & EON, In c ., C h ic a g o , M ilw a u k ee , S t. L ou is, C in c in n a ti, D e tr o it, C levela n d , B u ffa lo , B c s t o n , P h ila d e lp h ia , Jersey C ity
R Y E R S O N S T O C K S IN C L U D E :
A lloy Steels— T o o l Steels Rails, Splices, Spikes, B olts, etc.
H eat T reated A lloy Steel
Bars Plates— Sheets
Stainless Steel
, „ „ Strip Steel, Flat Wire, el H o t R olled B ars— H oop s
and Bands
B oiler Tubes and Fitting C old Finished Shafting and
Screw S tock W elding
Rod—
MechanicT ubing E xtra W ide C old Finished
F lats R iv ets, Bolts, Nuts,
B eam s and H ea vy S truc- W ashers, etc
tUra!s R ein forcing Bars
Channels, Angles, T ees and ,,
Zees B a b b itt M etal and Sold«
STEELS
M etal Congress and Exposition A t t r a c t
10,300 } Reflect Progress in Industry
V
E N T U R I N G a w a y fr o m a la r g e in d u s t r ia l c e n t e r p r o v e d to be no o b s ta c le to s u c c e s s o f th e n in e te e n th a n n u a l n a t io n a l m e ta l c o n g re s s a n d e x p o s itio n w h ic h w a s h eld in A t la n t ic C it y , N . J . , O ct. 18 - 22. C h o ic e o f th e c o n v e n tio n c it y p laced a c e r t a in r e s t r ic t io n o n g e n e ra l r e g is t r a t i o n ; n e v e r t h e le s s , th e th o u sa n d s w h o a tte n d e d w e r e o f a p r e fe r r e d c la s s ific a t io n , h a v i n g deep- ro oted in t e r e s t in th e m e t a l p r o d u c in g a n d w o r k in g in d u s t r ie s .E x c e p t f o r th e 19 2 6 e x p o s itio n in C h ica g o , a n d t h e o n e o f 19 2 7 in D e tro it, t h e A t la n t i c C it y s h o w w a s th e la r g e s t o f th e 1 9 w h ic h h a v e b e e n held. T h e tw o e a r li e r e x p o s itio n s , h o w e v e r, in c lu d e d m a c h in e to o ls a n d m a c h in e ry , w h ic h n o w a r e e x h ib ite d in a s e p a r a t e s h o w . T h is y e a r ’s e x p o sitio n , w ith 80,000 s q u a r e fe e t
o f flo o r s p a c e a n d 2 30 e x h ib it o r s , w a s 1 0 p e r c e n t l a r g e r t h a n th e 19 3 6 s h o w in C le v e la n d w ith 70,000 s q u a r e fe e t a n d 2 1 0 e x h ib it o r s . T o t a l r e g is tr a t io n f o r th e w e e k w a s 10 ,3 0 0 .
C h ie f s p o n s o r a n d o r ig in a t o r o f th e c o n g r e s s a n d e x p o s it io n w a s th e A m e r ic a n S o c ie t y f o r M e ta ls . C o o p e r a t in g in th e p r o g r a m s o f t e c h n ic a l m e e t in g s w e r e th e A m e r ic a n W e ld in g s o c ie ty , A m e r ic a n I n s t it u t e o f M in in g a n d M e t a llu r g ic a l E n g i n e e r s , A m e r ic a n S o c ie t y o f M e c h a n i
c a l E n g in e e r s , a n d th e W ir e a s s o cia tio n .
In c lu d e d in th e p r o g r a m o f th e A m e r ic a n S o c ie t y f o r M e ta ls w e r e 1 4 t e c h n ic a l s e s s io n s , th e a n n u a l b u s in e s s m e e tin g , th e C a m p b e ll M e m o r ia l le c tu i'e , a fiv e -p e rio d le c tu r e c o u r s e on s t e e lm a k in g , a th re e - p e rio d c o u r s e on m e t a llo g r a p h ic
te c h n iq u e , a n d th e a n n u a l b a n q u e t.
A l l m e e t in g s w e r e w e ll a tte n d e d . S o m e 200 p e r s o n s w e r e e n r o lle d in th e fiv e -p e rio d le c t u r e c o u r s e a n d a b o u t 30 0 in t h e th re e -p e rio d c o u r s e . T h is is t h e f o u r t h y e a r t h a t th e s o c ie ty h a s co n d u c te d e d u c a tio n a l a c t iv it ie s d u r in g th e c o n v e n tio n . T h e s e c o u r s e s h a v e b e c o m e a p e r m a n e n t p a r t o f th e c o n v e n tio n .
T h e le c t u r e s on s t e e lm a k in g w e r e p r e s e n te d b y E a r n s h a w C o o k , A m e r i
c a n B r a k e S h o e & F o u n d r y C o ., M a h w a h , N . J . ; th e m e t a llo g r a p h ic te c h n iq u e le c t u r e s b y J . R . V ile lla , U n ite d S t a t e s S t e e l C o rp ., K e a r n y , N . J .
A b o u t 850 m e m b e r s a tt e n d e d th e s o c ie t y ’s n in e te e n th a n n u a l m e e t in g a t th e A m b a s s a d o r h o te l, W e d n e s d a y m o r n in g . P r e s id e n t E d g a r C . B a in , a s s i s t a n t to v ic e p r e s id e n t,
Capacity of the Ambassador hotel ballroom was taxed to the limit Wednesday morning when 850 members of the Amer
ican.S o c i e t y f o r M e t a l s convened for the annual business meeting and Campbell Memorial lecture. Seated in the from row of the right section, left to right, are H. M. Boylston, chairman for the lecture; W. P. Sy{es, lecturer; E. C. Bain, retiring president; and G. P. Waterhouse, president-elect. Immediately behind Prof. Waterhouse are W. P. Woodside, vice
president-elect, at the left; and W. H. Eisenman, secretary, at the right
October 25, 1937 17
U n ite d S t a t e s S t e e l C o rp ., N e w Y o r k , p re s id e d .
P r e s id e n t B a in r e p o r te d t h a t th e s o c ie t y is c o m p le tin g t h e m o s t s u c c e s s f u l y e a r in it s h is t o r y w it h in c r e a s e d m e m b e r s h ip , s u b s t a n t ia l g a in in r e v e n u e a n d b r o a d e r a c t i v i
tie s . S e v e n n e w c h a p t e r s a n d g r o u p s w e r e e s t a b lis h e d in t h e la s t
12
m o n th s , r a i s in g th e t o t a l fr o m 42 to 49. A n e w a n d r e v is e d e d itio n o f
th e National Metals Handbook is
u n d e r p r e p a r a t io n a n d w ill b e is s u e d in 19 3 8 . D r. B a in c o m m e n te d on th e w id e r a n g e o f e d u c a t io n a l a c t i v i
tie s p u r s u e d b y m o s t c h a p t e r s ; d u r in g th e p a s t y e a r m o r e t h a n 4000 m e m b e r s o f th e s o c ie t y w e r e e n r o lle d in le c t u r e c o u r s e s .
A n n o u n c e m e n t w a s m a d e b y P r e s id e n t B a in th a t n o r e c ip ie n t o f th e A lb e r t S a u v e u r A c h ie v e m e n t a w a r d w o u ld b e n a m e d t h is y e a r , b e c a u s e o f a c h a n g e in p ro c e d u r e to p e r m it m o r e tim e f o r c o n s id e r in g c a n d id a te s . T h e a w a r d e s t a b lis h e d in 19 3 4 in h o n o r o f th e w id e ly k n o w n m e t a llu r g is t to r e c o g n iz e o u t s t a n d in g c o n trib u tio n s to m e t a l
lu r g i c a l k n o w le d g e .
M e m b e r s h ip R e a c h e s N e w H ig h In h is r e p o r t a s t r e a s u r e r , W . B . W o o d s id e , v ic e p r e s id e n t, C lim a x M o ly b d e n u m C o ., D e tr o it, s t a te d t h a t th e s o c ie t y h a s j u s t c o m p le te d th e m o s t s a t i s f a c t o r y fin a n c ia l y e a r in it s h is t o r y , h a v i n g s u b s t a n t ia lly s t r e n g t h e n e d it s p o s itio n . S e c r e t a r y W . H . E is e n m a n , C le v e la n d , r e p o r te d t h a t th e s o c ie t y h a s re a c h e d a n e w h ig h in m e m b e r s h ip w it h a t o t a l o f 10 ,0 6 8 , a g a i n o f n e a r ly 2500, o r 30 p e r ce n t, o v e r th e 7600 on th e r o lls o n e y e a r a g o . T h is in c r e a s e w a s t h e la r g e s t f o r a n y y e a r in th e s o c ie t y ’s h is t o r y . M e m b e r s h ip is n o w t w o a n d o n e -h a lf tim e s t h a t in 19 3 2 .
M r. E i s e n m a n a n n o u n c e d t h a t F . M . R e it e r , D a y t o n P o w e r & L i g h t C o ., D a y t o n , O., w a s a s p e c ia l g u e s l d u r in g c o n v e n tio n w e e k in r e c o g n i
tio n o f h is h a v i n g c o m p le te d
10
y e a r s ’ s e r v ic e a s s e c r e t a r y o f th e D a y t o n c h a p t e r . L a s t y e a r , s i x c h a p t e r s e c r e t a r ie s w e r e r e c o g n iz e d s i m ila r ly .
T h e 1 9 3 8 M e t a l c o n g r e s s a n d e x p o s itio n w ill b e h e ld in D e t r o it, O ct.
1 7 - 2 1 , it w a s r e v e a le d b y M r . E i s e n m a n .
T h e R o b e r t M . B ir d b e ll a n d g a v e l, a w a r d e d a n n u a lly to t h e c h a p te r w h ic h h a d p e r f o r m e d o u t s t a n d in g w o r k a n d b e e n o f m o s t s e r v ic e to th e n a t io n a l s o c ie t y in th e p a s t y e a r w a s p r e s e n te d b y P r e s id e n t B a in to th e P h ila d e lp h ia c h a p te r . E d u c a tio n a l w o r k o f n o ta b le c h a r a c t e r w a s th e b a s is o f th e a w a r d . W . B . C o le m a n , a p a s t c h a ir m a n o f th e c h a p t e r a n d p a s t n a tio n a l px-esident, a c c e p te d th e b e ll.
N e w o ffic e r s n o m in a te d la s t s p r in g w e r e d e c la r e d e le c te d a n d a s s u m e d
George 15. W aterhouse Elected president of the American
Society for M etals
t h e ir p o s itio n s a t th e c lo s e o f th e c o n v e n tio n . G e o r g e B . W a t e r h o u s e , p r o f e s s o r o f m e t a llu r g y , M a s s a c h u s e t t s I n s t it u t e o f T e c h n o lo g y , C a m b r id g e , M a s s ., b e c a m e t h e n e w p r e s id e n t, s u c c e e d in g D r. E d g a r C . B a in , a s s i s t a n t to v ic e p r e s id e n t in c h a r g e o f m e t a llu r g y , U n ite d S t a t e s S t e e l C o rp ., N e w Y o r k .
W . P . W o o d s id e , v ic e p r e s id e n t , C lim a x M o ly b d e n u m C o ., D e t r o it, su c c e e d e d P r o f . W a t e r h o u s e a s v ic e p r e s id e n t, D r . B r a d l e y S to u g h t o n , d e a n o f e n g in e e r in g , L e h i g h u n iv e r - c it y , B e t h le h e m , P a ., w a s e le c te d to th e p o s t o f t r e a s u r e r f o r tw o y e a r s , s u c c e e d in g M r. W o o d s id e w h o s e r v e d in t h a t c a p a c it y f o r a s im i la r p e rio d .
N e w T r u s t e e s E le c te d T w o n e w t r u s t e e s , e le c te d to tw o- y e a r t e r m s , a r e J a m e s P . G ill, m e t a llu r g is t , V a n a d iu m - A llo y s S t e e l C o., L a t r o b e , P a ., a n d H a r v e y A n d e rs o n , m e t a llu r g ic a l e n g in e e r , W e s t e rn E le c t r ic C o., C h ic a g o .
T h e b o a rd f o r th e c o m in g y e a r w ill c o m p r is e th e n e w o ffic e r s , tru s -
T . 31. J a c k s o n
Awarded Lincoln Gold Medal by American W eld ing society
te e s a n d t h e fo llo w in g : T r u s t e e O w e n W . E l l i s , d ir e c t o r o f m e t a l
lu r g i c a l r e s e a r c h , O n ta rio R e s e a r c h F o u n d a t io n , T o r o n to , O n t.; T r u s t e e R a lp h L . W ils o n , m e t a llu r g ic a l e n g i
n e e r, C lim a x M o ly b d e n u m C o ., C a n ton , O .; R e t ir i n g P r e s id e n t , D r.
B a in , a n d S e c r e t a r y W illia m H . E is e n m a n , C le v e la n d .
A t th e c lo s e o f t h e a n n u a l m e e t in g , W e s le y P . S y k e s , m e t a llu r g ic a l e n g in e e r , C le v e la n d W ir e W o r k s , G e n e r a l E le c t r ic C o., C le v e la n d , p r e s e n t e d th e 1 9 3 7 E d w a r d D e M ille C a m p b e ll m e m o r ia l le c t u r e . H e w a s in tro d u c e d b y P r o f . H . M . B o y l- s to n , h e a d o f th e d e p a r t m e n t o f m e t a llu r g y , C a s e S c h o o l o f A p p lie d S c ie n c e , C le v e la n d . F o r m a l t it le o f th e le c t u r e w a s “ S t r u c t u r a l a n d H a r d e n in g C h a r a c t e r is t ic s o f S o m e I r o n - C o b a lt- T u n g s t e n A llo y s .”
W e ll-k n o w n in r e s e a r c h c ir c le s f o r h is m a n y y e a r s o f w o r k a n d n u m e r o u s p u b lis h e d in v e s t ig a t io n s in iro n - t u n g s te n a n d ir o n -c o b a lt a llo y s , M r.
S y k e s tu r n e d to t h e t e r n a r y s y s t e m o f a llo y s — ir o n , t u n g s t e n a n d c a r b o n
— a n d d r e w a n a n a lo g y b e t w e e n th e s e c a r b o n - fr e e a llo y s a n d th e a l lo y s o f ir o n a n d c a r b o n a s f a r a s r a t e s a n d t y p e s o f r e a c t io n b e tw e e n th e c o n s t it u e n ts a f t e r c o o lin g w e r e c o n c e rn e d .
S t u d ie s E f f e c t s o f C o b a lt S t a r t i n g w it h e q u ilib r iu m s t r u c t u r e s o f ir o n - tu n g s t e n a llo y s a s a b a s is , M r. S y k e s s h o w e d h o w n u m e r o u s s t u d ie s w e r e m a d e u n d e r h is s u p e r v is io n in v o lv in g th e a d d itio n o f v a r y i n g p e r c e n t a g e s o f c o b a lt, u p to 3 0 p e r c e n t. C o m p a r is o n o f h a r d n e s s e s in a s -q u e n c h e d s p e c im e n s a n d h a r d n e s s e s o f t h e s a m e a f t e r a g i n g w e r e p r e s e n t e d , a s w e ll a s r e s u lt s o f d ila t o m e tr ic e x a m in a t io n s , m ic r o c h a r a c t e r h a r d n e s s d e t e r m in a
tio n s a n d X - r a y p h o t o g r a p h s . F u r t h e r e x p e r im e n t s w e r e m a d e o n ir o n - tu n g s te n - c o b a lt a llo y s c o n t a in in g s m a ll a m o u n t s o f c h r o m iu m , n ic k e l a n d v a n a d iu m , a n d h a r d n e s s t e s ts w e r e c o n d u c te d o n a llo y s h e a t ed to e le v a t e d t e m p e r a t u r e s in th e v i c in it y o f 700-800 d e g r e e s C e n t.
I n d e s c r ib in g th e a n a lo g y b e tw e e n th e ir o n -c a r b o n a llo y s a n d h is t e r n a r y a llo y s , M r . S y k e s p o in te d out th a t in th e f o r m e r th e “ u r g e to a g e ” is s o g r e a t t h a t a g i n g s t a r t s a t once, a f e a t u r e t h a t is n o t c h a r a c t e r is ic o f th e n o n fe r r o u s a llo y s b u t w h ic h is e x h ib it e d to a r e m a r k a b le d e g r e e b y th e ir o n -tu n g s te n -c o b a lt s y s t e m .
M i'. S y k e s a m p lifie d h is d isc u s sio n w it h a n u m b e r , o f e x c e lle n t p h o to m ic r o g r a p h s w h ic h s h o w e d a t v a r i o u s m a g n ific a t io n s th e s t r u c t u r e s o b ta in e d u n d e r d iffe r e n t co n d itio n s o f h e a t in g a n d q u e n c h in g .
A p p r o x im a t e ly 400 m e m b e r s o f th e s o c ie t y a n d t h e ir g u e s t s a tte n d e d th e b a n q u e t T h u r s d a y e v e n in g at th e A m b a s s a d o r h o te l. P r e s i d e n t B a in p r e s e n te d t h e P a s t P r e s i d e n t ’ s
18 / T E E L
m e d a l to R . S . A r c h e r , c h ie f m e t a l
lu r g is t , C h ic a g o d is t r ic t , R e p u b lic S t e e l C o rp . w h o s e r v e d a s p r e s id e n t in 19 35 -36 .
P r e s id e n t B a in p r e s e n t e d th e H e n r y M a r io n H o w e g o ld m e d a l to A . G . H . A n d e r s e n , r e s e a r c h d e p a rtm e n t, P h e lp h -D o d g e C o rp ., N e w Y o r k , a n d E r i c R . J e t t e , a s s o c ia t e p r o fe s s o r o f m e t a llu r g y , s c h o o l o f m in e s, C o lu m b ia u n iv e r s it y , N e w Y o r k . T h is m e d a l is a w a r d e d f o r th e b e s t p a p e r p u b lis h e d in th e s o c ie t y ’s T r a n s a c t io n s in th e y e a r p r e c e d in g th e y e a r o f th e a n n u a l c o n ve n tio n . T h e c o n trib u tio n w h ic h w o n th e a w a r d f o r th e a u t h o r s w a s
“ X - R a y I n v e s t ig a t io n o f th e Iro n - C h ro m iu m -S ilic o n P h a s e D ia g r a m .”
I t w a s p u b lis h e d in th e J u n e , 19 3 6 , T r a n s a c tio n s .
P. G . Lang H eads W eld in g Society
L
A R G E R a tte n d a n c e a n d m o r e c o m p r e h e n s iv e e x h ib it s t h a n e v e r b e fo re f e a t u r e d t h e e ig h t e e n t h a n n u al m e e t in g o f th e A m e r ic a n W e ld in g s o c ie t y in A t la n t ic C it y , O ct.18-22.
A n in c r e a s e in th e n u m b e r o f lo c a l se ctio n s fr o m 1 2 to 2 3 a n d a g a in o f n e a r ly 10 0 p e r c e n t in m e m b e r s h ip , in d ic a tin g w id e s p r e a d in d u s t r ia l a c c e p ta n ce o f w e ld in g , w a s r e p o r t e d b y A lfr e d E . G ib s o n , p r e s id e n t, W e ll
m an E n g in e e r in g C o., C le v e la n d , r e tir in g p r e s id e n t o f th e s o c ie ty .
E . G . B u d d , p r e s id e n t , E . G . B u d d M fg . C o., P h ila d e lp h ia , g u e s t s p e a k e r a t th e o p e n in g s e s s io n , r e v ie w e d som e o f th e e a r l y p io n e e r in g w o r k in w e ld in g .
A p ro p o se d a m e n d m e n t to th e c o n s titu tio n b y w h ic h a s u b -b o d y o f th e s o c ie ty w ill b e n a m e d to a c t j o in t ly w ith o t h e r e n g in e e r in g a s s o c ia tio n s , g o v e rn m e n t a g e n c ie s a n d o th e r s in-
II. S id n e y S m ith
-Awarded Sam uel W ylie M iller m edal by A m erican W eld ing society
P h ilip G. Lang: Jr.
E le c te d p res id en t, A m e r ic a n W e ld in g s o c ie ty
t e r e s te d in w e ld in g r e s e a r c h w a s ra tifie d .
R e v is e d w e ld in g s y m b o ls w it h in s t r u c t io n s f o r t h e ir u s e h a v e b e e n a d o p te d b y a n in c r e a s in g n u m b e r o f u s e r s , in c lu d in g v a r io u s d e p a r t m e n ts o f th e U n ite d S t a t e s n a v y . T h e s e h a v e b e e n o ffe r e d th e A m e r ic a n S t a n d a r d s a s s o c ia tio n w it h th e re c o m m e n d a tio n t h a t t h e y b e a d o p t
ed a s a n A m e r ic a n s t a n d a r d . A c h a r t o f m a j o r w e ld in g p r o c e s s e s h a s b e e n p r a c t ic a lly c o m p le te d a n d w ill b e o ffe r e d s h o r t ly f o r a p p r o v a l.
A s p e c ific a tio n f o r ir o n a n d s te e l fille r m e ta l h a s b e e n a d o p te d jo in t ly w ith th e A m e r ic a n S o c ie t y f o r T e s t in g M a t e r ia ls . P r e p a r a t io n o f a s p e c ific a tio n f o r a llo y s t e e l fille r m e t
a l a ls o is b e in g c o n sid e re d , a s is s ta n d a r d iz a tio n f o r c o lo r in g e n d s o f v a r io u s g r a d e s o f e le c tro d e s . S u c h s p e c ific a tio n s , h o w e v e r , w ill b e c o n s id e r e d f o r r e v is io n fr o m tim e to tim e . T h e a d o p tio n o f th e n e w b u ild in g co d e f o r N e w Y o r k c it y b y w h ic h g r e a t e r le e w a y is a llo w e d fo r w e ld in g is e x p e c te d to h a v e a w id e s p r e a d in flu e n c e o n n e w b u ild in g co d e s in o t h e r c itie s .
A h ig h p o in t o f in t e r e s t w a s th e p re s e n ta tio n o f th e L in c o ln G o ld M e d a l to T . M . J a c k s o n , c h ie f e le c tr ic a l a n d w e ld in g e n g in e e r , S u n S h ip b u ild in g & D r y D o c k C o., C h e s te r, P a . T h e m e d a l w a s a w a r d e d M r.
J a c k s o n a s a u t h o r o f th e b e s t p a p e r on w e ld in g , p u b lish e d in th e s o c ie t y ’s jo u r n a l d u r in g th e p a s t y e a r , an d e n title d “ W e ld in g in T a n k e r C o n s t r u c t io n .”
H . S id n e y S m it h , c o n s u ltin g e n g i
n e e r f o r P r e st-O -L ite C o., w a s a w a r d e d th e S a m u e l W y lie M ille r m e m o r ia l m e d a l f o r m e r it o r io u s c o n trib u tio n s to th e s c ie n c e a n d a r t o f w e ld in g .
P h ilip G e o r g e L a n g J r . , B a lt im o r e , e n g in e e r f o r b r id g e s , B a lt im o r e &
O hio r a i lr o a d , w a s e le c te d p r e s id e n t, s u c c e e d in g M r. G ib s o n . C ol. G . F . J e n k s , o r d n a n c e d e p a r t m e n t, U n ite d S t a t e s a r m y , w a s n a m e d s e n io r v ic e p r e s id e n t D iv is io n a l v ic e p r e s id e n ts
a r e W . J . S a n n e m a n n , T e n n e s s e e C o a l, I r o n & R a ilr o a d C o., B i r m i n g h a m , s o u th e r n d iv is io n ; K . V . K in g , S t a n d a r d O il C o., S a n F r a n c is c o , P a c ific c o a s t d iv is io n .
N e w d ir e c t o r s : E . R . F is h , c h ie f e n g in e e r , b o ile r d iv is io n , H a r t f o r d S t e a m B o i l e r In s p e c tio n & I n s u r a n c e C o., H a r t f o r d , C o n n .; J . H . D e p p e le r , c h e m ic a l e n g in e e r a n d w o r k s m a n a g e r , M e t a l & T h e r m it C o rp ., N e w Y o r k ; A . M . C a n d y , c o n s u lt i n g e n g in e e r , H o llu p c o m p a n y , C h ic a g o ; A . E . G a y n o r , J o h n A . R o e b li n g ’s S o n s C o., T r e n to n , N . J . , a n d E . L . M a t h y , f i r s t v ic e p r e s id e n t , V ic t o r E q u ip m e n t C o ., S a n F r a n cisc o .
N ew Divisions in W ir e A sso ciatio n
A
T T H E a n n u a l m e e t in g o f th e W ir e a s s o c ia t io n in A t la n t i c C ity , O ct. 1 8 - 2 1, B . L . M c C a r t h y , c h i e f m e t a llu r g i s t , W ic k w ir e S p e n c e r S t e e l C o., B u ff a lo , w a s th e r e c ip ie n t o f t h e W ir e a s s o c ia t io n a w a r d f o r t h e m o s t m e r it o r io u s c o n t r ib u t io n to th e li t e r a t u r e o n t h e w ir e in d u s t r y d u r in g 19 3 7 .H is p a p e r e n title d “ A b n o r m a l G r a in G r o w t h a n d th e A n n e a lin g o f L o w - C a r b o n S t e e l W ir e ” w a s p r e s e n te d a t th e W e d n e s d a y a ft e r n o o n s e s s io n .
T w o p a p e r s s u b m itte d d u r in g 1 9 3 7 w e r e g iv e n h o n o r a b le m e n tio n . T h a t o f R . W . S a n d e lin , A t la n t i c S t e e l C o., A t la n t a ,G a ., w a s e n title d , “ A M e t a l lu r g i c a l S t u d y o f th e F a c t o r s A f fe c t in g t h e Q u a lit y o f G a lv a n iz i n g ” ; a n d t h a t o f A . B . D o v e , S t e e l C o . o f C a n a d a , H a m ilt o n , O n t., “ A . C . E le c - t r o p ic k lin g , A B e t t e r M e th o d o f P i c k li n g .”
R e g is t r a t i o n to p p e d 2 2 5 . T e c h n i-
B. L. M c C a r th y
R e c e iv e d W ir e a s s o c ia t io n ’ s a w a r d fo r m o s t m e r it o r io u s c o n t r ib u t io n t o lit e r a
tu re o f th e w ir e in d u s tr y in 1937
■October 25, 1937 19
c a l s e s s io n s w e r e w e ll a tte n d e d . A t no o t h e r a n n u a l m e e t in g o f th e a s s o c ia t io n h a v e p a p e r s b e e n so w id e ly d is c u s s e d . A t e v e r y s e s s io n th e c h a ir m a n w a s o b lig e d to c lo s e th e d is c u s s io n a n d p a s s to th e n e x t p a p e r b e c a u s e o f lim ite d tim e . T h e a s s o c ia t io n h a s g a in e d 1 2 5 n e w m e m b e r s s in c e J a n . 1 .
A n n o u n c e m e n t w a s m a d e o f th e fo r m a t io n o f tw o n e w d iv is io n s o f th e a s s o c ia t io n . T h e f i r s t is d e v o te d to n o n fe r r o u s m e t a ls u n d e r th e d ire c tio n o f E . W . C la r k , m e c h a n ic a l e n g in e e r , G e n e r a l E le c t r ic C o., S c h e n e c t a d y , N . Y . a n d th e s e c ond to co ld h e a d in g a n d co ld w o r k in g w it h M r. M c C a r t h y a s c h a ir m a n . T h e p u r p o s e o f b o th d iv is io n s is to p i'o m o te th e a r t o f w o r k in g fe r r o u s a n d n o n fe r r o u s m e ta ls .
A . I . M . E . Sessions W e ll A tte n d e d
S
E V E N t e c h n ic a l s e s s io n s a n d a d in n e r m e e tin g , e x t e n d i n g th r o u g h o u t th e w e e k , w e r e h e ld u n d e r a u s p ic e s o f th e A m e r ic a n I n s t it u t e o f M in in g a n d M e t a llu r g ic a l E n g in e e r s t h r o u g h it s I r o n a n d S t e e l a n d I n s t it u t e o f M e ta ls d iv is io n s . H ig h s p o t s w e r e th e r o u n d t a b le d is c u s s io n on p h y s ic s o f m e t
a ls h e ld M o n d a y , w it h fiv e o th e r te c h n ic a l s o c ie tie s t a k i n g p a r t , a n d a fo u r - s t a r s e s s io n o n o p e n -h e a rth s t e e l p r a c t ic e o n F r i d a y s p o n s o r e d b y t h e o p e n -h e a rth c o m m itte e o f th e A .I.M .E .
A r t h u r F . B e n to n , s c h o o l o f c h e m is t r y , U n iv e r s it y o f V i r g i n i a , C h a r lo t t e s v ille , V a ., p r e s e n t e d th e a n n u a l s c ie n c e le c t u r e o f th e tw o A .I .M .E . d iv is io n s , s p e a k in g on th e
b e h a v io r o f g a s e s a t m e t a l s u r fa c e s .
M a c h in e s h o p p r a c t ic e d iv is io n o f th e A m e r ic a n S o c ie t y o f M e c h a n ic a l E n g in e e r s jo in e d in th e a n n u a l d in n e r o f th e A .I .M .E . d iv is io n s W ed- - n e s d a y e v e n in g , a t th e c o n c lu s io n o f w h ic h H a r v e y N . D a v is , p r e s i
d e n t, S t e v e n s I n s t it u t e o f T e c h n o l
o g y , H o b o k e n , N . J . , o u tlin e d h is v ie w s o n t h e p la c e o f th e e n g in e e r in p r e s e n t- d a y life .
S t e e l m ill o p e r a t in g m e n th r o n g e d th e m e e t in g o n o p e n -h e a rth p r a c tic e t h e fin a l d a y o f th e c o n v e n tio n to h e a r f o u r e x p e r t s in t h is fie ld — P . F . K in y o u n o f B e t h le h e m S t e e l, W . J . R e a g a n o f E d g e w a t e r S t e e l, R a lp h H . S w e e t s e r n o w w it h S t u a r t , J a m e s & C o o k e ; a n d G e o r g e L . D an - f o r t h J r . , o f O p en H e a r t h C o m b u s tio n C o.
“ I n v e s t ig a t io n s on L e a d -M a g n e - s iu m A llo y s f o r t h e P r e v e n t io n o f L e a d P o is o n in g in W a t e r f o w l” w a s th e in t r ig u in g t it le o f a t e c h n ic a l d is s e r t a t io n h e a r d W e d n e s d a y a f t e r n o o n , M e s s r s . R . L . D o w d e ll a n d R . G . G r e e n o f th e U n iv e r s it y o f M in n e s o t a b e in g th e a u t h o r s .
A tt e n d a n c e a t a ll m e e t in g s w a s g o o d . E a r l y e s t im a t e s o n r e g i s t r a tio n f o r a s s e m b la g e s o f th e A .I .M .E . d iv is io n s r a n g e d u p to 400.
M e ta l Treating Institute Elects O ffic e r s
O. T . M u e h le m e y e r , O. T . M u e h le - m e y e r C o ., R o c k f o r d , 111., w a s e le c te d p r e s id e n t o f t h e M e t a l T r e a t i n g in s t it u t e a t t h e a n n u a l m e e t in g o f th e o r g a n iz a t io n a t th e A m b a s s a d o r h o te l, A t la n t ic C it y , N . J . , O ct. 18 , d u r in g th e N a t io n a l M e t a l c o n g r e s s . T h e in s t it u t e m e m b e r s h ip is c o m
p r is e d o f c o m p a n ie s e n g a g e d in c o m m e r c ia l h e a t t r e a t in g .
C . G . H e ilm a n , C o m m o n w e a lth I n d u s t r ie s , D e t r o it, w a s n a m e d to t h e o ffic e o f v ic e p r e s id e n t ; a n d R o y L in d b e r g h , A . M . L in d b e r g h C o ., C h ic a g o , w a s e le c te d s e c r e t a r y - t r e a s u r e r .
In c lu d e d in th o s e e le c te d to s e r v e o n th e b o a r d o f d ir e c t o r s f o r t h e c o m in g y e a r w e r e th e t h r e e o f f ic e r s a n d th e fo llo w in g : A . B . B a c h , N e w E n g la n d M e t a llu r g ic a l C o rp ., B o s to n ; K e n n e t h S t u m p f , S t a n le y P . R o c k w e ll C o ., H a r t f o r d , C o n n .; A . M . C o x , P i t t s b u r g h C o m m e r c ia l S t e e l T r e a t i n g C o ., P i t t s b u r g h ; a n d C lif fo r d S c o t t J r . , C . U . S c o t t & S o n s C o., R o c k I s la n d , 111.
Highlights of
M etals Exposition
A
T L A N T I C C I T Y ’S A u d it o r iu m la s t w e e k p r o v id e d th e fin e s t s e t t i n g t h e N a t io n a l M e t a l e x p o s itio n h a s e v e r h a d . A l l e x h ib it s w e r e a r r a n g e d o n o n e flo o r le v e l w it h u n u s u a lly w id e a is le s . B o o t h d e s ig n s w e r e e la b o r a t e a n d c o lo r fu l, c a u s in g m a n y v is it o r s to v o ic e a d m ir a tio n . E v id e n c e w a s p le n t ifu l t h a t th e m e t a ls in d u s t r y h a s e n jo y e d a s a t is f a c t o r y b u s in e s s y e a r . H ig h lig h t s o f t h e s h o w a s o b s e r v e d b y t h e e d it o r s o f St e e l a r e p r e s e n t e d in t h e f o llo w in g p a r a g r a p h s .
* * *
T h e fiv e s t e p s w h ic h p u r c h a s e r s o f s in te r e d c a r b id e to o i t ip s m u s t f o l
lo w to m a k e t h e ir o w n c u t t in g to o ls w e r e e x p la in e d b y m e a n s o f fiv e t r a n s p a r e n c ie s d is p la y e d b y th e F ir t h - S t e r l in g S t e e l C o ., M c K e e s
Approximately
230
companies displayed their products in the National Metal exposition, which was about10
per cent larger than the1936
show. Booth designs were modernistic. Much of the equipment was in operation20 / T E E L
Europe Feels Check in Steel;
Costs Bar Lower Prices
B Y V IN C E N T D E L P O R T
E u r o p e a n M a n a g e r , S T E E L
T F the world were calmer business probably w ould quickly 1 resume its upward trend," says Mr. Delport in his quarterly review of the European steel situation. The volume of orders handled through the international steel cartel has declined. Though British markets are weak "it is unlikely" that prices will be low ered in the near future, becau se of high costs of production that now prevail. In France in less than a year labor costs have nearly doubled. Yet steel output in the principal countries for eight months has increased over the com parable period in 1936, and Great
Britain's output has established an all-time record
p o rt, P a . E le c t r ic fla s h b u lb s ine a c h t r a n s p a r e n c y w e r e s y n c h r o n ized w it h b u lb s in a n a c c o m p a n y in g k e y to e x p la in th e s t e p s a s m illin g , fittin g , c le a n in g , b r a z in g a n d g r in d in g.
* * *
F e a t u r e d p r o m in e n t ly in th e e x te n s iv e a n d a r t is t ic a lly - e x e c u t e d e x h ib it o f th e R e p u b lic S t e e l C o rp ., C le v e la n d , w e r e a p p lic a t io n o f th e c o m p a n y ’s s t e e ls in th e r a i lr o a d field. In c lu d e d w a s a h a l f c r o s s se c tio n o f a lig h t w e ig h t , s t r e a m lin e p a s s e n g e r c o a c h b u ilt o f s h o t w e ld ed s t a in le s s s t e e l b y t h e E d w a r d G.
B u d d M fg . C o ., P h ila d e lp h ia . F a b r i ca te d b y s p o t w e ld in g fr o m th e c o m p a n y ’s h ig h te n s ile , lo w a llo y s te e l w e re a s e c tio n o f c a r lin e a n d r o o f ; a s le e p in g c a r s id e s e c tio n ; a n d a b o x c a r s id e s e c tio n . A c o n s id e r a b le a m o u n t o f p o lis h e d s t a in le s s s te e l w a s u s e d a s d e c o r a tiv e t r im in th e booth.
* * *
M a u r a th I n c ., C le v e la n d , c a lle d a tte n tio n to it s p ro d u c t, w e ld in g e le c tro d e s, b y d is p la y in g a g ia n t- size b u n d le r e p r e s e n t in g a p a c k a g e o f e le c tro d e s in a n a s s o r t m e n t o f c o m p o sitio n s a n d c o a t in g s .
* * *
T h r o u g h o u t th e m e t a l s h o w , G e n e ra l E le c t r ic C o ., S c h e n e c t a d y , N . Y ., o p e ra te d a c o m p le te e le c t r ic fu r n a c e e q u ip m e n t f o r s c a le - fr e e h a r d e n in g and d r a w in g d r ill c h u c k s le e v e s . T h e e q u ip m e n t in c lu d e d t h e h a r d e n in g fu rn a c e , a d r a w i n g fu r n a c e a n d d e g r e a s in g e q u ip m e n t.
* * *
N e w e q u ip m e n t s h o w n f o r th e firs t tim e b y B a ld w in - S o u t h w a r k C orp., P h ila d e lp h ia , in c lu d e d a n o s c illa to r t e s t i n g fu ll-s iz e d s t r u c t u r e s and d e t e r m in in g t h e ir n a t u r a l f r e q u e n cie s, a n d a n e le c t r o m a g n e tic fa tig u e t e s t i n g m a c h in e .
A m o n g s p e c ia l v is it o r s to th e e x p o sitio n o n th e c lo s in g d a y w a s a g ro u p o f 45 G e r m a n n o n fe r r o u s m e t al in d u s t r y r e p r e s e n t a t iv e s t o u r in g the U n ite d S t a t e s f o r tw o w e e k s . T h e p a r t y a r r iv e d in N e w Y o r k , O ct.
14 a n d w ill s a i l fr o m t h e r e O ct. 26.
C ities b e in g v is it e d in a d d itio n to N e w Y o r k a n d A t la n t ic C it y a r e N ia g a r a F a l l s , N . Y .; W e lla n d , O n t.;
D e tro it; C h ic a g o ; P h ila d e lp h ia ; an d W a sh in g to n .
* * *
T h e die c a s t in g a r t h a s p r o g r e s s e d to th e p o in t w h e r e d ie c a s t in g s s m a lle r th a n a g r a in o f r ic e no lo n g e r a r e a n o v e lt y . A m o n g th e h u n d re d s o f p a r t s o n d is p la y in th e N e w J e r s e y Z in c C o .’s b o o th w e r e zip p e rs, th e in d iv id u a l e le m e n ts o f w h ich w e r e c a s t o n a m a c h in e w ith a p lu n g e r o n ly o n e in ch in d ia m e te r h a v in g a s t r o k e o f .005 in c h . T h e s e e le m e n ts a r e c a s t o n c lo th t a p e w h ich m a y b e a p p lie d to b a g s , d re sse s, etc.
(.Please turn to P age 7 2)
LONDON
D
U R I N G th e s u m m e r a n d e a r l y th is f a l l th e b a r o m e t e r o f E u r o p e a n ir o n a n d s t e e l t r a d e s h o w e d no v io le n t flu c t u a tio n s , b u t it d id s h o w a d e fin ite a n d g r a d u a l tr e n d t o w a r d “ le s s f a i r .”A n u m b e r o f e v e n ts t h a t h a v e o c c u r r e d s in c e th e e a r ly s p r i n g h a v e h a d th e e ffe c t o f p u t t in g th e b r a k e o n th e g e n e r a l r e v i v a l o f b u s in e s s th e n a p p a r e n t.
M a in ly r e s p o n s ib le f o r t h is r e t a r d in g in flu e n c e a r e h o s t ilit ie s w h ic h h a v e d e v e lo p e d in th e F a r E a s t , d e t e r io r a t io n o f th e in te r n a tio n a l s it u a t io n in c o n n e c tio n w it h th e S p a n is h re v o lu tio n , f u r t h e r d e p r e c ia tio n o f th e F r e n c h fr a n c , a n d , to s o m e e x te n t, th e r e a c t io n fo llo w in g s p e c u la t io n on r i s in g m a r k e t s .
D e fin ite in d ic a tio n s o f th e s lo w in g o f b u s in e s s a r e g iv e n b y r e d u c tio n in th e v o lu m e o f n e w o r d e r s tr a n s a c t e d b y th e in t e r n a t io n a l s t e e l c a r t e l, re d u c tio n in th e p ric e o f C o n tin e n ta l p ig ir o n f o r e x p o rt, th e e a s ie r p o s itio n g e n e r a lly in r e g a r d to p ig ir o n a n d s c r a p s u p p lie s . F o r e x a m p le , b o o k in g s f o r S e p t e m b e r b y C o s ib e l, th e B e l g ia n s e llin g o r g a n iz a tio n , to ta le d 10 7 ,0 0 0 to n s,
European Production
G r o s s T o n s
--- E ig h t M o n th s --- 1937
1937 1936 G ain , %
G r e a t
B r it a in 8,38 5,30 0 7,590,200 10 .5 G e r m a n y 12,8 6 5,9 0 0 12 ,7 4 3 ,4 0 0 1 .2 F r a n c e 5,18 8 ,0 0 0 4,359,000 19 .0 B e lg iu m 2,580,400 2,022,800 28.0 L u x e m b ’g 1,7 59 ,9 0 0 1,2 4 6 ,0 0 0 4 1.0
a g a i n s t 18 7 ,0 0 0 to n s in A u g u s t a n d 14 2 .0 0 0 to n s in J u n e , o f w h ic h j u s t o v e r 44,000 to n s w a s b o o k e d f o r e x p o r t in S e p te m b e r , c o m p a r e d w it h 1 15 .0 0 0 to n s in A u g u s t a n d 44,000 to n s in J u n e .
T h e p r ic e o f C o n tin e n t a l f o u n d r y p ig ir o n f o r e x p o r t, w h ic h a t th e b e g in n in g o f J u l y w a s w e ll o v e r
£6 1 0 s ., h a s d ro p p e d a t th e tim e o f th is w r i t in g to £4 1 2 s . 6d. T h e s c r a p m a r k e t is n o w e a s ie r , a n d it w o u ld s e e m t h a t th e t e n s e s it u a tio n w h ic h a r o s e e a r li e r in th e s u m m e r w a s d u e m o r e to a n t ic ip a t io n o f s h o r t a g e t h a n to a c t u a l r e q u ir e m e n ts a t t h a t tim e .
British Activity Saving Factor I t is fo r t u n a t e f o r C o n tin e n ta l m e m b e r s o f th e s t e e l e n te n te t h a t th e r e q u ir e m e n t s o f th e B r i t is h m a r k e t c o n tin u e im p o r ta n t, p a r t i c u l a r ly f o r s e m ifin is h e d s te e l. T h e s lo w in g o f a c t iv it ie s in o t h e r m a r k e t s e n a b le s C o n tin e n ta l e x p o r t e r s , e s p e c ia lly in B e lg iu m , L u x e m b u r g a n d F r a n c e , to in c r e a s e s h ip m e n ts to E n g la n d .
I t is o f in t e r e s t to n o te t h a t p e rio d s o f d e liv e r y h a v e s h o rte n e d , a n d t h a t s t e e l p r ic e s a r e n o t a s fir m a s d u r in g th e s u m m e r . I t is u n lik e ly , h o w e v e r , t h a t a d e c isio n w ill b e t a k e n to lo w e r p r ic e s in th e n e a r fu t u r e , b e c a u s e o f th e h ig h c o s t s o f p ro d u c tio n t h a t n o w p r e v a il a n d do n o t te n d to d e c r e a s e . H o w - e v e r , f o r s u c h c o m m o d itie s a s p ig iro n , b la c k s h e e t s a n d g a lv a n iz e d s h e e ts , t h e m a r k e t is w e a k .
T a k i n g a g e n e r a l v i e w o f th e s itu a tio n , a p e s s im is t ic f e e li n g p r e v a i ls d u e to in t e r n a t io n a l c o m p lic a
October 25, 1937 21
