/ T E E L
P R O D U C T IO N • P R O C E S S IN G • D IS T R IB U T IO N ■ U S E For fo rty-eight y e a r s -I R O N T R A D Ii RE VIE IF
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M em ber, A u d it Uiircuu or C ircu la tion s;
A ssociated B u siness P apers In c ., and N ation a l P u b lish e rs’ A sso c ia tio n . P ublished every M o n d a y . Subscription in th e United S tn tes, C u ba , M exico and C a n ad a, one yea r $4, tw o years
$6; E u ropean an d fo reig n countries, one y e a r $10. S in gle copies (current issu es) 25c.
E ntered as second c la ss m a tter a t the posto tllce a t C lev elan d , under the A ct o f M a rc h 3, 1870. C o p yrigh t 1937 by th e F enton P u b lish in g Co.
A ugust 16, 1937
C o n te n tó A u g u s t 16 , 1937
Volum e 101 - No. 7
R eader C om m ents ... 23
A s the E d ito r V ie w s the N e w s ... 27
T ra in in g W orkers, T o M eet a C h an ged L ab o r Situation . . . 29
H illm a n Interests B u y Into A la n W ood Steel C o ... 32
F in an cial N e w s o f the Steel Industry 32 Steelw orks O perations fo r the W eek ... 33
Steel Im ports In Steady V o lu m e ... 34
W estinghouse F o rm s N e w Products D ivisio n ... 35
W eirton Steel R eplies to L a b o r B oard C o m p la in t ... 35
M en o f Industry ... 36
O bituaries ... 37
A ctivities o f Steel U sers and M akers ... 37
M eetings ... 37
M irrors o f M otordom ... 39
W in d ow s o f W ashington ... 43
A ll Factions Should U nite T o Solve D ebt P roblem — Editorial ... 45
T h e Business T re n d — C harts and Statistics ... 46
C in d erella o f the Steel M ills ... 48
M aterials H a n d lin g ... 57
Progress in Steelm akin g ... 60
W eld in g, etc.— Robert E. K inkead ..., ... 66
Su rface T reatm en t and F in ish in g o f M etals ... 68
O p eratin g N e w A u tom atic F o rg in g E q u ip m e n t ... 76
Pow er D rive s ... 78
N e w E q u ip m e n t D escriptions ... 83
Recent Publications o f M anufacturers ... 88 M arket Reports and Prices ... 93*r l 3 N e w Construction and Incorporations ... 1 1 4 Index to A dvertisers ... I2 2
Published by THE P E N T O N P U B L IS H IN G C O ., Penton Building, C leveland , O . John A . Penton, Chairman o f Board; E. L . Shaner, President
and Treasurer; J . R. D aw ley and G . O . H ays, Vice Presidents; F. G . Steinebach, Secretary.
B R A N C H O F F I C E S
N ew Y o r k ... 220 B ro a d w a y C incinnati 4 1 8 -4 20 Slnton H otel Peoples G as B u lld ln s San B e X f c y , 0C a iif., T eh B c rk i’ ^ M - W P itts b u r g h 1650 K oppers B u ildin g L o n d o n ... C a x to n H o u se D etro it 1010 Stephenson B u ildin g ncrIjn W e stm in ste r, S. W . 1 W a s h I n dfjoim l P ress Bu ilding B erlin, X . W . 40, K o o n stra sse 10
/ c > v ,AK V -\
16 APR Y ‘ /.tr, .. . -ON,
25
26 / T E E L I f y o u r
carburizing requirements call for
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It carburizes under ordinary shop condi
tions with minimum, uniform distortion. It takes a very hard, w ear-resistant case.
C li
It develops g ood core properties. It anneals to quick machining hardness. A n d —it costs less than any other existing successful alloy carburizing steel.
Chrome-Moly has already solved some difficult problems. It is being used for a wide variety of applications. It will p a y to in vestigate it fu lly —as an effective means of cutting your carburizing costs.
We will gladly furnish complete details.
Climax Molybdenum Company, 500 Fifth Avenue, New York City.
p a n y
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P R O D U C T IO N • P R O C E S S IN G • D IS T R IB U T IO N • U S E
R E S a A R C M U B R A H V
**¿£O t?ítcal d o . ^ 2 **
$ 5 th e J - d lt o t l/le u /5 th e À /e u /5
S
O M E T IM E S a p e r s o n w ith im a g in a tio n c a n find d r a m a tic q u a litie s in d e v e lo p m e n ts w h ich seem c o m m o n p la c e to o th e r s . In th is is su e a sa les m a n a g e r n o t o n ly d e m o n s tr a te s th a t th e r e is d ra m a in th e ste e l in d u s tr y , b u t a ls o p r o v e s th a t h e can p o r t r a y it v iv id ly f o r e v e r y o n e id en tified w ith steel.“ C in d e re lla o f th e S te e l M ills ” (p . 4 8 ) is a fa s c in a t in g s t o r y o f th e s p e c t a c u la r r ise o f th e lo w ly s o a k in g p it to a p o s itio n o f im p o r t a n c e a n d d ig n ity . H is w o r d p ic tu r e is n o t o v e rd r a w n . T h e s o a k in g pit, w h ich St e e l's e d it o r s la s t J a n u a r y c h a r a c t e r iz e d as th e “ b o t t le n e c k ” o f th e ste e l in d u str y , r e a lly is c o m in g in to its ow n .
B e la te d ly th e se n a te h a s a u th o r iz e d a c e n s u s o f u n e m p lo y m e n t (p . 4 4 ) to b e c o m p le t e d b y A p r il 1, 1938. T h is lo n g n e g le c te d jo b m a y p r o v e to b e an
< im p o r t a n t e n te r in g w e d g e in th e d r iv e f o r e c o n o m y . R e lie f is a b o t to m le s s r a th o le in th e d ra in o n g o v e r n m e n t fin a n ce. F o r five y e a r s b illio n s h a v e bee n h a n d ed o u t o n a b la n k c h e c k b a sis. H o w m a n y a c tu a lly need r e lie f, h o w m u c h th e y n e ed a n d w h e th e r th e y are c a p a b le o f e a r n in g th e ir o w n w a y , e tc ., a re u n k n o w n q u a n titie s . K n o w in g th e f a c t s a b o u t u n e m p lo y m e n t w ill h elp tr e m e n d o u s ly in r e s h a p in g th e g o v e r n m e n t s ’ fin a n cia l p o li c y (p . 4 5 ) a n d in p r o v id in g r e a l aid f o r u n fo r tu n a te s .
Countins the Unemployed
A c c o r d in g to th e N a tio n a l In d u s tr ia l C o n fe re n c e boa rd , e m p lo y m e n t a s o f Ju n e 30, 1937, is e s tim a te d a t 46 ,910 ,0 00 , o f w h ic h 1 6 ,879 ,0 00 w e re in in d u stry ,
11 ,6 1 0 ,0 0 0 in a g r ic u lt u r e , 7,542,000 in tr a d e d is tr ib u tio n an d fin an ce a n d 9 ,2 52,00 0 in th e s e r v ic e o c c u p a tio n s . In d u s tr y — s o fr e q u e n t ly m a lig n e d b y p o litic ia n s f o r its a lle g e d fa ilu r e to p r o v id e its s h a r e o f jo b s — s h o w s up r e m a r k a b ly w e ll in th is ta b u la tio n . B u t th a t is o n ly p a r t o f th e p ic tu r e . M a n y in d u s tr ia l e m p lo y e r s are d o in g m o r e th a n e v e r b e fo r e to e d u ca te a n d tra in th eir e m p lo y e s f o r b e t te r jo b s a n d f o r h ig h e r sta n d -
M ore Emphasis On Training
a rd s o f liv in g . O ne la r g e c o m p a n y , w ith s c o r e s o f w id e ly s c a t te r e d p la n ts (p . 2 9 ) , h a s d e v e lo p e d a c o m p r e h e n s iv e p r o g r a m in v o lv in g fiv e o r g a n iz e d p la n s o f tra in in g . T h e q u a lific a t io n s o f in d iv id u a ls is a n im p o r t a n t fa c t o r in e m p lo y m e n t . A d v o c a t e s o f th e r e d is t r ib u tio n o f w e a lth c o u ld a tta in th e ir o b je c t iv e m o r e r e a d ily i f th e y c o u ld “ r e d is t r ib u t e ” sk ill an d a b ility .
B r ig h t n ic k e l p la tin g is g a in in g w id e r a c c e p ta n c e in th e m e t a lw o r k in g in d u str ie s (p . 6 8 ) , p a r t ic u la r ly as a b a se f o r c h r o m iu m p la tin g . A t p re se n t, b r ig h t n ic k e l is b e in g a p p lie d d ir e c tly to steel, b r a s s a n d c o p p e r and, o v e r a b a se d e p o s it o f c o p p e r , on z in c b a se d ie c a s t in g s . T h e f a c t th a t th e b r ig h t n ic k e l p la tin g d o e s n o t n eed to be b u ffe d f o r th e s u b s e q u e n t a p p lic a t io n o f c h r o m iu m is a f a c t o r in th e g r o w in g p o p u la r it y o f th e p r o c e s s . . . . A u t o m a t ic c o n t r o l o f th e r o o f te m p e ra tu re s o f o p e n -h e a r th fu r n a c e s h a s p r o v e d s o s a t is fa c t o r y th a t a le a d in g ste e l p r o d u c e r ( p . 6 0 ) h a s e q u ip p e d m o s t o f its u n its w ith th is d e v ic e . L o n g e r life o f r e fr a c t o r ie s , lo w e r r e p a ir c o s t s a n d le s s e r h a z a r d o f a c c id e n ta l o v e r h e a t in g a n d r o o f fa ilu r e a re th e m a jo r a d v a n ta g e s .
Bright Nickel For Plating
Launching New Products
A la r g e m a n u fa c tu r e r o f e le c tr ic a l e q u ip m e n t a n -, . n o u n ce s a “ N e w P r o d u c t s ” d iv is io n . I t w ill s e r v e as a “ p ilo t ” p la n t f o r n ew d e v e lo p m e n ts (p . 3 5 ) — s p o m s o r in g th e m a n d d ir e c t in g th e ir p r o g r e s s u n til th e y r e a c h a s t a g e o f c o m m e r c ia l d e v e lo p m e n t th a t w ill p e r m it th e m to be ta k e n o v e r b y o th e r d iv is io n s o f th e c o m p a n y . T h is n o v e l a n d s e e m in g ly lo g ic a l m e t h o d o f la u n c h in g n e w p r o d u c ts w ill in te r e s t m a n y e x e c u tiv e s w h o h a v e s t r u g g le d w ith th e sa m e p r o b le m . . . . A c q u i
s itio n o f su b s ta n tia l h o ld in g s in th e A la n W o o d S tee l C o. a n d th e m e r g e r o f th e N a tio n a l S u p p ly C o. an d S p a n g , C h a lfa n t & C o. (p . 3 2 ) h a v e fo c u s e d r e n e w e d a tte n tio n u p o n th e e x p a n d in g in flu en ce o f th e H ill
m a n in te r e s ts . In P it ts b u r g h S te el, S h a ro n , A la n W o o d , N a tio n a l S u p p ly a n d o t h e r h o ld in g s , th e y h a v e th e e le m e n ts o f a m a jo r in d u s tr ia l e m p ire .
August 16, 1937 27
Inland Galvanized Sheets Are Setting New Standards
IEETS • STRIP • TIN PLATE • BARS • RAILS • R E IN F O R C IN G BARS • PLATES • F LO O R PLATES • S T R U C T U R A LS • PILIN G • I
New standards for service life and uniform workability are resulting from In lan d’s improved methods o f producing galvanized sheets. F irst, the most modern methods and equipment are used in producing the base metal sheets; second, In lan d ’ s new equipment and improved method o f galvanizing assures a secure bond between steel sheet and coating.
Examine an Inland galvanized sheet. Y o u will find no streaking. Tem perature is held uniform during the galvanizing process. W hile this uniform ity o f appearance is only a surface feature, it is indicative o f the closer bond and longer life o f the coating.
Y o u ’ ll find it a safer rule to specify "In la n d ” wherever galvanized sheet metal is to be used.
Training W o rk e rs , To M e e t a Changed Labor Situation in Steel
B y J . E d w a rd J o h n s o n an d H a rry P . W o o d
M
R. JO H N S O N is d ir e c to r o i ed u ca tion and tr a in in g in th e P ittsb u rg h d istrict, and M r. W o o d , in the C h ica g o district, f o r C arn egie- Illin ois S teel C orp.T h is a rticle th e y h a v e w ritte n f o r S t e e l , o u t
lin in g th e c o r p o r a t io n ’s e x p e rie n c e w ith a g r e a t
ly e n la r g e d tr a in in g p r o g r a m , sh ou ld b e read w ith ce rta in sig n ifica n t fa c ts in m ind. M ech a n iza tion h as n ot redu ced e m p lo y m e n t in th e steel in du stry , f o r this y e a r e m p lo y m e n t e x cee d ed the r e c o r d o f 1929. It h as m a d e it p ossib le to r ed u ce w o r k in g h ou rs to 42.6 p er w eek, as in A p ril, an d h as p ro v id e d w e e k ly e a rn in g s se con d in th e list o f “ sk ille d ” industries.
S k ill is an ev e r-in cre a sin g f a c t o r in steel m a n
u fa ctu re . S p e a k in g a t th e g ro u n d -b re a k in g c e re m o n y f o r th e C a rn e g ie -Illin o is strip -sh eet m ill n ea r C la irton , P a., M a y 22, W illia m A . I r vin, presid en t, U n ited S ta tes S tee l C orp ., sa id th at o n ly 10 p e r cen t o f th e la b o r f o r c e a t th is p la n t w ill b e u n sk illed .
A ch eck b y S t e e l w ith so m e o th e r im p o r ta n t p rod u ce rs d e v e lo p s in fo r m a t io n th a t o n ly 10 to 15 p er cen t o f th e ir la b o r fo r c e s a r e in th e c la s s r e ce iv in g c o m m o n la b o r w a g e s ; th e o th e r s se m i
sk illed, sk illed an d su p e r v iso r y . It is a p p a r e n t th at m ech a n iza tion has e le v a te d th e sta tu s o f steel la b or, and o p en ed a g r e a t field f o r s p e c ia l
ized train in g , w ith w h ich th is a r tic le d ea ls.—
T h e E d itors.
T
H E ten d en cy to w a r d a sh o r te r w o r k w e e k in all in du stries g iv e s e m p lo y e s m o r e o p p o r tu n ity f o r stu d y, f o r leisu re, and th in k in g.S o m e m en w ish an op p o rtu n ity to b ro a d e n th eir u n d ersta n d in g and d e v e lo p cu ltu re; oth ers w ish tra in in g to d e v e lo p m o r e sk ill in th eir o c cu p a tio n s ; o th ers need a stim u lus to w a rd th e d ev elop m e n t o f a h ea lth y an d sou n d attitud e tow a rd the c o m p le x so cia l and e c o n o m ic p ro b le m s w ith w h ich th ey are fa ced .
A t n o tim e in th e h isto ry o f the n ation has m o r e e m p h a sis been pla ced on train in g. M a n a g em en t o f in d u stry has a lw a y s been d esirou s to h elp a w o rk m a n attain s o m e o f the ideals tow a rd w h ich m en strive, an d ed u ca tio n a l and tra in in g p r o g ra m s are the b est m ea n s to a t
tain this end.
A n y sy ste m o f tra in in g m en r e co g n iz e s th e d iffe re n ce s in m en, in th eir aptitudes, th eir k n o w le d g e, an d th eir desires. T h ese d ifferen ce s c o v e r th e w h o le r a n g e o f h um an ex p e rien ces, and the tra in in g p r o g ra m m u st be b roa d and p r o g r e s sive.
T h e C a rn eg ie-Illin ois S teel C orp.
r eco g n izes this an d is co n tin u a lly e n la rg in g and b roa d en in g the sco p e o f its tra in in g a ctivities to m eet ch a n g ed situ ations.
T h e co rp o r a tio n is c o m p o s e d o f
th ree districts, P ittsb u rg h , C h ica g o and L ora in . E a ch d istrict is c o m p osed o f o n e o r m o r e plants, each u n der sep arate im m ed ia te m a n a g e m en t, r ep o rtin g , h ow ev e r, to the
m a n a g e r o f th e r e s p e c tiv e d is trict in w h ich th e p la n t is located.
U n ifo r m ity o f tra in in g is c o n s id ere d o f p r im a r y im p o rta n ce to p erm it r e a d y tr a n s fe r fr o m o n e
A A V E O L S O N , foreman of the electric repair shop, Carnegie-Illinois Steel Corp., South w orks, explains to Carl Begonia and foh n fcleti, third-year apprentices, h ow A rt Gleason, fourth-year apprentice, is w inding an armature
for a ^o-horsepow er m otor
A ugust 16, 1937 29
plant o r district to an oth er. F a cili
ties a v ailab le an d p roced u re m ay v a r y betw een the districts, but the ultim ate resu lts are as n early u n i
fo r m as possible.
T h e c orp ora tio n is n o w p ro ce e d in g a lo n g five org a n ized plans o f tra in in g u nder the direction o f the d istrict m a n a gers o f in du strial r e lation s. T h e se plans are:
1. T ra d e appren ticesh ip .
2. C o n fe re n ce s fo r su p e rv isory fo rce s .
3. J o b train in g f o r direct w ork ers.
4. T ra in in g f o r tech n ically edu cated person n el.
5. T ra in in g in sa fety . T ra d e A p p re n tic e sh ip
C on tra ry to the g en era l idea, on ly
a relatively sm all p ro p o rtio n o f steel m ill w o rk e rs are e n g a g e d in the sp ecta cu la r ph ases o f steel p rod u c
tion. T h ou san d s o f em p loyes, h o w ever, are in the m o re p rosa ic but v ita lly im p ortan t w o rk o f m a in ta in in g th e in cre a sin g ly com p lica ted equ ipm ent. M achin ists, m ason s, m olders, carpen ters, electrician s, r o ll tu rners, and w eld ers are needed b y the thousands.
L ik ew ise, a u x ilia ry serv ice s su ch as p u m p in g stations, p o w e r plants, a ir co m p re ss o rs , plant tra n sp orta tion and co m m u n ica tion sy ste m s re
q u ire an a rm y o f sk illed m en. T h e c o m p a n y ’s trade a p p ren tice sy stem h as been expanded, th erefo re, to see th at a su p p ly o f sk illed artisan s balances w ith the dem and.
T ra d e a p p ren tices are ca r e fu lly selected to m eet certain rig id q u a li
fications. In lin e w ith th e c o r p o r a tion ’s p olicy , first co n sid era tion is g iven to e m p loy e s and son s o f e m p loy es. A p p lica n ts sh ou ld b e g ra d u ates o f a fou r-y e a r h igh o r an a p
p ro v ed v oca tion al sch ool. T h ey m u st be p h y sica lly , m ora lly and m en ta lly sou n d. T h e se ca refu lly selected m en, w ith this b a ck g rou n d o f education, and person al ch a r
acteristics, rep resen t a g ro u p w ith ability to learn and to do.
T h e corp o ra tion is n ot ex p e ri
m en tin g w ith train in g plans. P roven m ethod s and the ad vice o f specialists h ave been follow ed .
In preparation f o r this p ro g ra m in the C h ica g o district, a co n feren ce w a s called in Ju ly, 1936, to an alyze the op era tion s n ecessary to do each jo b in volved and to orga n ize the related tech nical in stru ction s. S u perintendents, fore m e n and skilled w o rk e rs m et w ith representatives o f the state departm en ts o f public
in stru ction o f Illinois and Indiana, w ith represen tatives o f the fed eral govern m e n t, and w ith rep resen ta
tives o f the p u blic sch o o ls o f Chi
c a g o and G ary.
T h e su p e rv isors and sk illed m en fr o m the plants, rep resen tin g all o f th e trades to be taugh t, w ere di
vided in to trade g rou p s, w ith a c o n fe ren ce lea der assign ed to each grou p . T h e ex p erien ces o f the m em bers w e re thus pooled. A re p ort fo r each trade w as prepared sh o w in g f o r each u n it o f w o rk o f that trade w h a t the m an sh ou ld be ab le to do and w hat additional in form a tion sh ou ld b e g iven him to m a k e him a m o re in telligen t w ork er.
In th e P ittsb u rg h district, plans and ou tlin es w ere dev eloped th rou g h th e co-op era tiv e e fforts o f all o f the plants in th e district. H ere again, ed u ca tors, su perin ten dents, forem e n and sk illed w o rk e rs m et in c o n fe re n ce and p o oled th eir ideas.
T h ese p la n s h ave been review ed
sep arately and c o lle ctiv ely , resu lt
in g in a plan w hich fits th e need o f the corp ora tion .
T h e broad p ictu re o f the c o r p o r a tion ’s needs and req u irem en ts h as been u p p erm ost in the m in d s o f both districts. T ra in in g, to b e o f utm ost value, m u st include, in a d dition to sh op ex p erien ce g ain ed th rou g h actu al w ork , related tech nical in stru ction to k n o w th e rea
son s ‘ 'w h y " as w ell as “ h o w .”
Th is in volves m a th em a tics, d ra w ing, scien ce and th eo ry . T w o m ethod s are fo llo w e d in con n e ction w ith this part o f the p r o g r a m : ( 1 ) in c o n ju n ction w ith th e loca l p u b lic sch ools, and ( 2 ) c o rr e sp o n d e n ce sch o ol service.
T h e additional in fo rm a tio n o r r e lated tech nical in stru ction in th e C h icag o district is g iven in th e p u blic sch o o ls f o r on e da y each w eek. T h e in stru ctor is a m ill e m ploy e, tea ch in g f o r o n e da y and w o rk in g in the m ills at h is trad e the rem ain d er o f the w eek . T h e a p pren tices thus have in stru ctors w h o kn ow the w ork o f the in d u stry and can closely tie the related tech n ical in stru ction to the o p era tio n s to b e p erform ed .
Instructors Carefully Chosen E ach in stru ctor, a fte r se lection fr o m the m ills, m u st be a p p rov e d and appoin ted by the loca l sch oo l board, and fo r this w o r k in th e sch o o lro o m , he is reim b u rsed u nder the regu lation s o f the S m ith -H u gh es act. (T h e S m ith -H u gh es act w a s passed by co n g re s s in 1917, and p r o vides fo r the p ro m o tio n o f v o ca tional edu cation and p rep a ra tion o f teach ers o f v oca tion a l su b je cts in co-op era tion w ith the states.)
G enerally, 50 p er cen t o f th e c o s t is ap p rop ria ted by th e fe d e ra l g o v ernm ent, 35 per cent b y th e state, and 15 per cent b y the co m m u n ity , alth ou g h this varies in the differen t states.
In the P ittsb u rg h d istrict w ith its w idely separated plants, related t e c h n i c a l in stru ction is g iv en th rou g h co rre sp o n d e n ce s c h o o l s e r v ice. T w ic e each w eek , f o r a p eriod o f tw o h ours, at each plant, th e a p prentices are assem bled fo r s u p e r vised study, p rep aration o f lesson s and to receiv e assista n ce w h en d if
ficulty is en cou ntered.
In stru ction is in dividu al w ith the ap pren tice p roce ed in g as ra p id ly as he is capable o f doin g . W h en he w o rk s on a p a rticu la r m a ch in e or at a certain ty p e o f w o rk , h e studies this m ach in e o r ty p e o f w o rk . B e
fo r e an ap pren tice can b e a d va n ced to the n ext p eriod o f his a p p ren tice
ship, he m ust h av e m et all r e q u ire m en ts in both sh op e x p e rie n ce and related study. S h op talks and p eriod ic in spection trips a re also a featu re o f th e plan.
F o r the p u rp ose o f g iv in g related in stru ction , series o f jo b sh eets, in
fo rm a tio n sh eets, and in stru ction / 'H A D E apprentices Fran^ Gelato, Arthur Novai^ and Michael Savich learn
from H arry Miller, night foreman o f the machine shop at South wor\s, the correct procedure in using the i\-inch lathe to turn a roller shaft
030 / T E E L
c a g g mse a nS or.:» c a r -nr w o ss^ fir- visrirs fo a m «scàs -d fp a r m s n i.
A i fits : th e m seassin n s ¡cfcrror la rg e ly o c prrihtem s rriBreriEhg p s r - s a r c a a m a n a g e m e n t, s a f e t y tra in in g , ari3 -c a r r ît r T opics. A f t e r s i x m o n th s nr £ t s e t rtf s a t h i - j r a v r K s s , th e s e p e r v js o r s a r e re -g r o u p e d . a n d fdbnse rtf sinr.nEr rtflssasts k r e p a t ia t o ' E e gms^p.
F t a m th a n k b, t h e ¡encfarienise rfis- en ssaon s mess-sr o n prodoradon and o p e r a t in g p r o b le m s s o d h a s th e tnatntan an re n f ectrip m sn t, im p r o v e m e n t o î q u s h t y . -or r e d a c tio n ctf costs. F r o m th e se © «nfanenees e v o lv e m a n y im p ro v e m e n ts in op-
«ra tio n . su perrS sina o î e m p lo y e s , a n d Thinking th r o u g h o f p r o b le m s b y .su p e rn s o ss.
F o r She Ir irc rt W o r a c r
J o b T ra în iog f o r th e ni'-,» e m p lo y e a n d r e tra in in g f o r t h e esrablished e m p lo y e are th e m o s t im parta n t fu n c tio n s o f th e tra in in g aixàsïan.
T h e fo r e m a n is assisted in e v e r y
■wax- p o s s ib le t o tra in h is m en , and m a n a g e m en t lo o k s to th e fo r e m a n as th e r e a l tr a in e r o f th e w o r k in g fa rce- J o b Training is c a r r ie d o n b y th e fo llo w in g m e th o d s :
1. T h e tra in in g o f in d iv id u a ls f o r s p e cia l op e r a tio n s .
2 . V e stib u le c o u r s e s o f tra in in g , in w h ich g r o u p s o f n e w e m p lo y e s a re in stru cted f o r a f e w w e e k s 'b y a sp ecia l fo r e m a n o r sk illed m a n b e f o r e th e y a re a d v a n ced t o r e g u la r p r o d u c tio n jo b s .
3. C o n fe r e n c e m eth od s, in w h ich g r o u p s o f m en o f s im ila r d u ties a s
se m b le w ith th e fo r e m a n f o r th e in te rch a n g e o f id ea s a n d e x p e rie n c e s and f o r th e fo r m u la t io n o f m eth od s.
4. Ev’en in g cla sses in th e p u b lic (PSeos-c Tutti to P a p e 7 5 1
31 j O U J O S E S , w eld ing shop forem an at ik e South worths, sh o rn trade appren
tices h o w to prepare a therm it w eld on a beam m ill m jr.ipSaT.or bar. A rt Algrim is m aking th e w ax pattern, L yle B u rge is waiting to trim it with the knife, w hile A rn ie Jensen will use the cutting torch to fit a flask around the
pattern. B ob Brice w ill later pack n ttnth sand with th e air hammer August 16, 1937
sheets h a v e be en p r e p a r e d in loo se- le a f fo r m . T h e s e a r e issu ed t o th e appren tice a s b e s t a r ts a n e w jo b . and, in ad d ition t o c o n ta in in g in struction a s t o b o w t o d o th is jo b . these sh e e ts c o n ta in s u c h in term a - tion as is n ot r e a d ily fo u n d in te x t books, s h o r tc u ts a n d tr a d e k in k s.
W hile th is en ta ils m u c h p r e p a r a to r y w ork f o r b o th d is tricts, th e r e s u lt
ing efficie n cy -of in stru ctio n is ju s t i
fication f o r th e e x t r a e ffo r t . F o r S u p r r o s o r j Fawnr-s
A n oth er tr a in in g a c tiv it y is c o v ered b y c o n fe r e n c e s o f th e s u p e r visory fo r ce s . E a ch s u p e r v is o r is assigned to a g r o u p o f 33 w ith a leader e x p e rie n c e d In c o n fe r e n c e training.
T h e plan in v o lv e s d is cu ss io n o f the c o r p o r a t io n s p o lic ie s a n d r e g u lations in th e se c o n fe r e n c e s and the b etter u n d e rsta n d in g o f th em by the s u p e r v is o r y fo r c e s .
A g re em en ts o n th e p r o p e r p r o cedure in m a n a g in g p e rso n n e l a r e reached in th e c o n fe r e n c e s b e fo r e con flictin g in te rp re ta tio n s o r o r d e r s are issu ed. S u p e r v is o r y fo r c e s a r e expected to b e le a d e rs in fa c t an d not m e r e ly in th e o r y . T h e y a r e th e true tra in ers o f th e e m p lo y e s an d are in c lo s e to u ch w it h th e re a ctio n s o f th e m en .
T h e s u p e r v is o r s in c o n fe r e n c e have th e o p p o r tu n ity t o d is cu ss p r o posed m e th o d s o f o p e r a tio n o r n ew p rocesses b e fo r e th e y a r e in stalled instead o f a fte r w a r d . S o m e o n e has called th is c o -o p e ra tiv e c o lla b o ra tion, c o lle c tiv e co -o p e ra tio n o r c o n su ltative su p e rv isio n .
State a g e n cie s a r e a s s is tin g in
j€ »E r L .m L .is .. <¿25- - sdr.cn.: g tm trji’ y rt-
■man:., ¡eynuters at> t~ma Jtt-jns-tdias brut a hex- man- is <aa « n r a stra w i g e c r ant th e tttardktd sutit- zer at th e rmeuihene shop..
Sea&i m m ifc. Cmmtgue- Sidimid Satttû Ctirp. Tike M.ppnenSats eihce.-jorr a t e jfp n a h tm » t-itm Hep
to jig.il.. are A rthur F 'c r h Gdhtte-., A i Buahanar... M aty S a tie ih . ¡Jakk Stxnm sr a n d
JAeiatT: n ameer
th e p re p a ra tio n and ira & a n g ¡rtf <eco- f e r e n ie le a d e rs b y a s s ig n in g a skfflîed in stru cto r in th is ;_ru T h is insfctEansr m e e ts w ith a g r o u p rtf m e n w h s a r e in t r a ir m g f o r lea der
s h ip a n d p rep a re s th em t o ta k e c h a r g e o f c o n fe r e n c e s èâthar ctf th e superrasoTy fo r c e s <or ctf e m p lo y e g r o u p s .
G en e ra lly th e s u p e r v is o r y f trees h a v e b e e n -divided tm n g r o a t s f o r th e first y e a r, each g r o a n be in g
Hillman Interests Extended W ith Purchase in A la n W o o d
F
U R T H E R sp read o f the H illm an in terests o f P ittsb u rg h in to the steel in du stry, th rou g h the acqu isition o f 45 p er cent o f the co m m on sto ck in A lan W o o d Steel Co., a rou sed ren ew ed interest last w eek in possib ilities o f in teg ra tion o f v a riou s H illm an facilities, b u t a u th ori
tative so u rces stated that the latest ven tu re is an in dependent m ove, and that a c lo se r con n ection betw een A lan W o o d and the o th er H illm an steel and c o k e p rop ertie s is unlikely in the n ear fu tu re.
T h is latest develop m en t brin gs the H illm an in terests in to p ro x im ity w ith the K op p ers Co. at Pittsbu rgh,
sin ce K op p ers ow n s 55 p e r cent o f the co m m o n stock o f the A lan W o o d com p a n y . T hus, m ost o f the o w n e r sh ip o f the com m on sto ck rests in
th e P ittsb u rg h d is tr ic t
W . J. R a in ey Inc., N ew Y ork , it w as a n n ou n ced last w eek has sold its en tire h oldin gs o f 90,000 o f the 200,000 ou tstan din g co m m o n shares o f A la n W o o d com p a n y . T h irty th ou san d o f the 90,000 w ere sold to N ev ille C ok e & C h em ical Co., in w hich R a in ey ow n s ap p rox im a tely 48 per cen t o f the stock and H illm an C oal & C ok e Co., 52 p er cent. T h e rem ain in g 30,000 sh ares w e re sold to J. H. H illm an Jr. and a ssocia tes o f P ittsb u rg h . U p to 12,000 sh ares o f the latter tota l w ill be o ffe red to the p u blic b y P h iladelph ia in vestm ent ba n k ers at $18 p er share.
Control Purchased in 1929 A t the tim e o f the orga n ization o f the A lan W o o d c om p a n y in 1929, 55 p er cent, o r 110,000 o f the com m on shares, w e re p u rch ased b y K op p ers C on stru ction Co., and sin ce then w ere tran sferred to the K op p ers Co., th e paren t com p a n y . T h e rem a in in g 90,000 sh ares w ere issued to W . J. R a in ey Inc., fo r 19,750 sh ares o f the R a in ey-W o od C ok e Co., a w h olly- ow n ed A lan W o o d su bsidiary.
C on trol o f th e co m p a n y n o w is in the hands o f the p re fe rre d s t o c k h olders b y rea son o f a ccru ed unpaid dividends on the p r e fe rre d stock w hich n ow am ou n t to $39.25, a l
th ou gh as o f Sept. 1 a total o f $3.25 w ill have been paid on arrears. P re ferred sto ck o f w hich th ere are 71,- 824 sh ares o f $100 p a r valu e o u t
standing, is o w n ed p rin cip a lly b y the W o o d and H e ck sch er fam ilies o f P hiladelphia, w h ich h old th e m a jo r ity position on the boa rd o f directors.
H illm an in terests a lrea dy d om i
nant in P ittsb u rg h Steel Co., and S h a ron Steel Corp., are ex p ected to
take a m ore active part in m a n a g e
m ent o f A lan W oo d . H illm an in ter
ests also are represented in H illm an Coal & C oke, P ittsb u rg h C oke &
Iron Co., N a tion al S u p p ly Co., and su bsidiaries o f these concern s.
V a riou s rep o rts that H en ry A. R oe- m er, head o f both P ittsb u rg h Steel and S h aron Steel w ill assu m e active ch a rg e o f A lan W o o d w ere declared u n fou n d ed b y au th orita tive sou rces in P ittsb u rgh . “ M r. R o e m e r has his hands fu ll at presen t,” it w as said.
T alk o f m erg er o f so m e o f these com pa n ies and their su bsidiaries, or at least a close in tegration o f op e ra t
ing facilities has arisen fr o m tim e to tim e, despite the fa c t su ch rep orts have not been en cou ra ged .
Capacities Are Tabulated P ittsb u rg h S teel’s annual in got cap a city is 720,000 ton s; Sharon Steel, 450,000 tons, and E m p ire Sheet
& T in P la te Co., o f w h ich M r. R o e m er is chairm an , 325,000 tons.
A lan W o o d has annual cap a city fo r 660.000 tons o f in gots, 130,000 tons o f sh eared plates, and 108,000 tons o f h ot-rolled sheets. It has tw o blast fu rn a ces w ith annual cap a city o f 406.000 ton s at Sw edeland, Pa. Its ro llin g m ills are at Iv y R ock , Pa., and C on sh oh ock en , Pa. Iron ore p rop erties are at O xford , N. J., w ith a ca p a city o f 110,000 tons, and at W h arton , N. J., w ith a ca p a city o f 240.000 tons annually.
P ro d u cts o f the com p a n y in clude ba sic and fo u n d r y pig iron, carbon and a llo y steel in gots, bloom s, bil
lets and slabs, sh eared plates, rolled steel flo o r plates and h ot-rolled sheets. R e p orts have been cu rren t recen tly that the c o m p a n y m a y en g a g e in th e m a n u factu re o f a n u m b er o f sm all sp ecialties, in cluding g alvan ized sheet products, to en la rg e the sco p e o f its business.
T h e c o m p a n y ’s sales last y ea r at
$13,541,214 w e re the la rg est since 1929, and resu lted in a net p rofit o f
$378,516, the first sh ow n sin ce 1930.
It n ow has 3360 em p loyes, w o rk in g u nder CIO con tra ct ex p irin g F eb 28, 1938.
SPANG , C H A L F A N T A N D N A T IO N A L SUPPLY MERGER
D irecto rs o f the N a tion al S u pply Co. o f D elaw are, o il w ell eq u ip m en t m a n u fa ctu rer, and o f Spang, C h a lfa n t & Co., pip e produ cer, la st w eek a p p ro v e d a plan to m erg e the co m p a n ies in to a n ew P en n sy lv a n ia c o rp o r a tio n to be k n ow n as (h e N a
tion a l S u p p ly Co. S to ck w ill be issued to sto ck h o ld e rs o f th e p a re n t c o m p a n y and its affilia te, S p a n g C h a lfa n t. H o ld ers w ill be ask ed to a p p ro v e the pla n Oct. 11 and 13.
O ne sh a re o f N a tio n a l p r e fe rr e d w ill re ce iv e on e sh a re o f 5 % p er cen t p r io r p r e fe r r e d and o n e sh a re o f $2 10-year p r e fe rr e d sto ck o f the n ew co m p a n y . O ne sh a re o f N a tion a l co m m o n w ill re ce iv e o n e c o m m o n sh a re o f th e n e w co m p a n y .
O ne sh a re o f S p a n g, C h a lfa n t p re fe r r e d w ill r e ce iv e on e sh a re o f 5%
p e r cen t p r io r p r e fe r r e d o f th e n ew co m p a n y . O ne sh a re o f S p an g, C h a l
fa n t c o m m o n n o t o w n e d b y N a tion a l w ill re ce iv e 1 % sh a res o f c om m on .
T h e 514 p e r cen t series p r io r p r e fe r r e d o f the n ew c o m p a n y w ill be co n v e rtib le f o r ten y e a r s in to th e c o m m o n stock on th e ba sis o f 2 % sh ares f o r th e first tw o y e a rs, 2 Vi sh ares fo r th e n ext fo u r y ea rs, and tw o sh ares f o r th e la st fo u r y ea rs.
T h e n ew $2 10-year p r e fe rr e d sto ck o f $40 p a r v a lu e w ill ran k a ft e r th e p r io r p r e fe rr e d an d w ill be co n v e rtib le sh a re-for-sh a re in to c o m m o n stock . It a u to m a tica lly b eco m es c o m m o n sto ck on O ct. 1, 1947.
N a tio n a l r e p o rte d co n s o lid a te d n et p rofit— in clu d in g S p a n g , C h a l
fa n t— f o r th e first h a lf o f $4,768,- 139 a fte r a ll ch a rg e s, c o m p a re d w ith $1,834,531 la st y ea r. T h e c o m p a n y d e cla red a d iv iden d o f $1.75 on p r e fe rr e d sto ck p a y a b le O ct. 1 to r e co rd Sept. 20.
S p an g, C h a lfa n t’s se con d q u a rte r n et p rofit w a s $1,018,262, eq u a l to
$1.10 a sh a re o f c o m m o n , a g a in st
$590,991, o r 53 cen ts a sh a re on th e c o m m o n , in th e p e rio d la st y ea r. T h e c o m p a n y d e cla re d a d iv id en d o f
$1.50 on its p r e fe rr e d sto ck , p a y a b le Oct. 1 to r e co r d o f Sept. 20.
Financial
B ETH LEH EM TO ISSUE
$48,000,000 D EBEN TUR ES
B eth leh em S teel C orp. w ill issu e
$48,000,000 in co n v e rtib le deb en tu res a b ou t Sept. 1. H o ld ers o f c o m m o n sh ares m a y su b scrib e at the rate o f
$15 fa c e a m o u n t o f d eb en tu res f o r each c o m m o n sh are. In te re st rate, p rices and te rm s o f c o n v e rs io n h a v e n ot been a n n ou n ced f o r the p r o je c t ed fin a n cin g w h ich w ill be u sed f o r p la n t e x p a n sion and red em p tion o f ob liga tion s.
D OM INION ST E E L CO. ADDS 80,000 COM M ON SH AR ES
S to ck h old ers o f D o m in ion Steel
& C oal C orp. Ltd., M ontreal, Q ue., last w ee k v o ted to add 80,000 sh ares to C lass B c o m m o n sto ck ou tsta n d ing, to co m p le te p u rch a se o f fo u r
32 / T E E L
C anadian su b sid ia ries o f U nited S tates S teel C orp. (S ee S t e e l , A u g . 2 , p a g e 2 5 . )
C om p lete details o f th e p u rch a se h ave n o t been revealed, b u t it is r e p orted a ro u n d $2,000,000 in bon d s h ave been tra n sfe rre d to U nited S tates Steel as p a rtial p a y m en t. T h e A m e rica n c o m p a n y h as th e op tio n o f e x ch a n g in g b on d s f o r c o m m o n sh ares d u rin g the n e x t fo u r years.
n e w McKe e s p o r t c o u p. E A R N S $773,373 IN H A L F -Y E A R
M cK e e sp o rt T in P la te C orp. r e p orts first-h a lf earn in g s o f $773,373 a fte r p a y m en t o f fe d e r a l in co m e ta xes and ch a rg e s a g a in st d ep recia tion. T h e sta tem en t is th e first sin ce th e m e r g e r M arch 17 o f N a tional Can Co. and M cK e e sp o r t T in P la te Co., and re fle cts e a rn in g s fr o m Jan. 1 to J u ly 3 f o r N a tion a l Can and fr o m Jan. 1 to M arch 17 f o r the fo r m e r M cK e e sp o rt com p a n y .
♦ ♦ ♦
E a stern R o llin g M ill Co., B a lti
m ore, re p o rts net in co m e o f $82,- 475.63 f o r th e secon d q u a rter, a fte r pa y m e n t o f fe d e r a l in co m e ta xes and a llo w a n ce f o r d ep reciation . F o r the 12 m on th s en din g Ju n e 30 net p r o fit w a s $221,516.98.
Steel C orp. Shipments 8 1 ,7 9 8 Tons Below June
S h ipm en ts o f finished steel p r o d u cts b y th e U nited S tates Steel C orp. in J u ly w e re 1,186,752 tons, a declin e o f 81,798 to n s fr o m June.
T h is is 235,901 ton s la r g e r than in July, 1936, and th e h ig h est Ju ly total sin ce 1929 w h en th e m o v e m en t w a s 1,338,944 tons.
F o r sev en m o n th s th is y e a r sh ip m en ts a g g re g a te d 8,801,026 tons, co m p a re d w ith 5,982,201 ton s in the sa m e p eriod o f 1936 and w ith 9,669,- 682 tons in sev en m o n th s o f 1929.
U. S. ST E E L C O Itr. SH IP M E N T S (In te r -c o m p a n y sh ip m en ts n o t in c lu d e d )
(T o n s )
1937 1936 1935 1934
Jan. 1,149,918 721,414 534,055 331,777 Feb. 1,133.724 676,315 583,137 385,500 M ar. 1,414.399 783.552 668,056 588,209 A p ril 1,343,644 979,907 591,728 643,009 M ay 1,304,039 984,097 598,915 745,063 Ju ne 1,268.550 886,065 578,108 985.337 Ju ly 1,186,752 950,851 547,794 369,938 A u g ... 923.703 624,497 378,023 S ep t... 961,803 614,933 370,306 O c t... 1,007,417 686,741 343,962 N o v ... 882,643 681,820 366,119 D e c ... 1,067,365 661,515 418,630 Y 'r ly a d j 140,859 123,750 119,907 T o ta l 10,784,273 7,347,549 5,903,966
ID ed u ction .
D istrict Steel Rates
P e rc e n ta g e o f O p en -H ea rth In g o t C a p a c ity E n g a g ed in L e a d in g D istricts
W eek S am e
ended w eek
A u g. 14 C h a n g e 1936 1935 P itts b u rg h . . 83 non e 68 42 C h ic a g o . . . . 86 non e 71 57
E astern P a .. . 69 — 2 50 32 VS
Y o u n g s to w n . 78 — 2 79 57
W h e e lin g . . . . 94 + 1 95 84
C lev ela n d . . . 85 non e 82 59 B u ffa lo ... 86 non e 81 34 B irm in g h a m . . 96 non e 67 35 VS
N ew E nglan d 65 non e 70 56
D etroit ... 100 + 1 0 93 94
C in cin n ati . . . 89 none 72 t
St. L ou is . . . . 77 non e t t
A v e r a g e . . 84 — VS 70 VS 51 IN o t rep orted .
P ro d u c tio n
S
t e e l w o r k s o p eration s last w ee k d rop p ed % -point to 84 p er cent. E a stern P en n sylva n ia and Y o u n g s to w n , O., each receded 2 poin ts, w h ile W h e e lin g gain ed 1, and D e tr o it 10. L ittle ch a n g e is expected.P ittsb u rg h — U n ch an g ed at 83 per cent. F o rty -se v en blast fu rn a ce s are active, Jon es & L au g h lin S teel C orp.
h a v in g sh u t dow n N o. 4 fu rn a ce at A liq u ip p a f o r rebu ild in g . N a tion al T u b e Co. M on on ga h ela open h earth s w ill be d o w n n ext w eek fo r repairs, bu t th e th ree blast fu rn a ce s w ill c o n tinue op era tin g .
W heeling— U p 1 p oin t io 94 per
cent. A red u ction in the o p en h earth s o f on e c o m p a n y in th is d istrict w as ba la n ced b y ad d ition a l ca p a city put on b y a n o th e r p ro d u c e r last w eek .
Central eastern s e a b o a rd — D o w n 2 p oin ts to 69 p e r cent, a la rg e platc- m a k er h a v in g ta k en o ff o n e fu rn a c e and a n o th e r steelm a k er w o r k in g a s h o r t w eek.
Youngstown, O.— D o w n 2 p oin ts to 78 p e r cent, w ith 69 op en h earth s an d 21 blast fu rn a c e s active.
Cleveland— U n ch a n g ed at S5 p er cen t w ith sch e d u le c a llin g f o r the sa m e rate th is w eek .
St. Louis— U n ch an g ed at 77 p er cent, w ith 25 o f 32 op en h earth s a c tive.
Birmingham, A la.— U n ch a n g ed at 96 p e r cent o f ca p a city , 19 op en h earth s an d 18 blast fu rn a c e s b e in g active.
D etroit— R e b o u n d e d 10 p o in ts to 100 p e r cent, w ith all 21 o p en h earth s in se r v ice all w eek .
New England— U n ch a n g ed at 65 p er cent. C om p le tion o f rep a irs on sev e ra l op en h earth s is e x p e cte d to b rin g the ra te to 80 p e r c e n t fo r this w eek.
Chicago— P r a c tic a lly u n ch a n g ed at a sh ad e a b o v e the 86 p er cen t a t
tained a w eek a g o . A c tiv e blast fu rn a c e s n u m b er 31 o f th e 39 in the district.
Cincinnati— S te a d y at 89 p e r cen t o f ca p a city, w ith th ree o p en h earth s idle. T h e sa m e rate is sch ed u led f o r this w eek .
Buffalo— U n ch an g ed at 86 p e r cen t w ith p r o sp e c t o f th e ra te b e in g m a in tain ed fo r sev era l w ee k s.
Stainless Steel Statues A d orn Beach Approach
♦
C T A I N LESS s t e e l statues 16 feet tall, w eighin g m ore than 500 pounds each, adorn the municipal bathing beach entrance at A s toria, L. I. Each is fab
ricated o f 125 pieces o f 18-8 chrom ium - nickel steel, soldered with a 65 per cent silver al
loy containing nicpel and copper. T h e steel was supplied by Cruci
ble Steel Co. of A m er
ica, N e w Y or\. Photo courtesy International
N ick el Co. Inc.
♦
A ugust 16, 1937 33
Steel Im ports
In S teady V o lu m e
I
M P O R T S o f steel and iron p r o d ucts, e x clu siv e o f scrap, in June totaled 39,699 tons, valu ed at $2,212,- 086, com p a red w ith 39,877 tons, valued at $2,278,192 in M ay, and 40,- 325 ton s valu ed at $1,657,194 tons in June, 1936, a ccord in g to the m et
als and m in erals division, depart
m en t o f com m erce.
P ig iron w as th e leadin g item a m ou n tin g to 7514 tons, m a in ly fro m B ritish India. B elgiu m fu rn ish ed m o st o f the steel im ports, 11,703 tons, ch iefly stru ctu ra l shapes. G erm an y
F O R E IG N T R A D E OF U N IT E D S T A T E S IN IR O N A N D S T E E L
G ross Tons
1 9 3 7 --- ---1 9 3 6 --- Im ports E xports Im ports E xports J a n 43,063 201,692 50,489 241,564 F e b 41,628 290,987 43.35S 213,802 M a r c h .. 51,805 570,584 56,720 264,337 A p r i l . . . 68,197 683,674 49.277 301,9S7 M ay . . 49,050 969,222 59,391 314,950 J u n e . . . 44,771 826.534 59,910 294,951 6 m o s .. 298,514 3,542,693 319,1451,626,665 J u ly ... 47,490 296,738 A u g ... 60,697 295,341 S ep t... 59,993 235,571 O c t... 64,509 261,882 N o v ... 61,970 203,297 D e c ... 52,584 244,156 T o t a l... 666,S38 3,162,694
w as se co n d in steel p rod u cts w ith 6082 tons, p rin cip a lly pipe.
F o r six m on th s im p o rts a g g r e g a ted 265,757 tons, ex clu d in g scrap, co m p a red w ith 253,046 in th e co rr e sp o n d in g p eriod o f 1936. P ig iron, 59,865 tons, stru ctu ra l sh ap es 50,379 tons, and bars, 28,559 tons, w e re the lea din g item s.
S cra p im p orts in June w e re 5072
O R IG IN O F ,11'N E IM P O R T S G ross T o n s
Man- Ferro- Iron Pig ganese man-
ore iron ore ganese
Norway 25,550 300 2,181
Sweden 14,578 200...
Unit. Kingdom 31 50 ...
Canada 98 381 1,082
Cuba 23,000 6,517 ...
Chile ... 122,100 94 ...
Australia . . . . 3,001 ...
M exico 768 ...
Newfoundland 9,000 ...
British In d ia 6,810 763 ...
Soviet R u ssia 13.425 ...
Brazil 3,679 ...
Gold C o a s t 8,657 ...
France ... 21 Japan ... 134 T otal ... 198,135 7,541 33,135 3,418
Sheets. St rue- Hoops
skelp and turai Steel and saw plate steel bars bands
Belgium 497 6,053 2.616 1,868
France ... 173. .1,297 423 668
Sweden I ' . 422 1
Unit. Kingdom 13....\. 64 22
Germany ’. 70 114
Canada ... . v . 13 1
A u s t r i a 8 ...
Czechoslovakia ... 19 , . . . . Total ... *684^ - 7,360 3,635 2,674
tons, com p a red w ith 9173 ton s in M ay and 19,587 tons in June, 1936.
F o r six m on th s scra p im p orts to taled 32,757 tons, a g a in st 66,099 tons
U N IT E D S T A T E S IM P O R T S F O R C O N S U M P T IO N O F IR O N A N D S T E E I,
P R O D U C T S G ross T o n s
June May Jan. thru
Articles 1937 1937 June ’ 37
Pig iron 7,541 6,361 59,865
Sponge iron 371 302 2,128
Ferromanganese (1 ) 3,418 2,427 17,252
Spiegeieisen 2,375 787 9,012
Fcrrochrom e (2 ) . . . 15 42 216 Ferrosilicon (3 ) . . . 586 232 1,285 Other ferroalloys (4 ) . . . . . . . . 52 Steel, ingots, blooms . . . . . . . . 124
Billets 215 19S 1,089
Concrete rein, bars 40 77.1 3,450 Hollow bar, drill
steel ... 230 273 1,375 Bars, solid or hol
low 3,635 4,036 28,559
Iron s l a b s ... . . . . . 1
Iron bars 233 94 1,159
W ire rods 1,044 1,293 8.319
Boiler, other plate . . 23 199
Sheets, skelp. saw pi. 684 1,536 7,855
Die Blocks or blanks 18 2 73
Tin plate, taggers’
tin and terne plate 47 34 152
Structural shapes . . 7.370 S,962 50,379 Sashes, fram es (5 ) . . . . ...
Sheet p i li n g .... 694 214 1,762 Rails, fastenings . . . 1,664 438 5,371 Cast-iron pipe, ftgs. 399 178 1,505
Mall, iron pipe ftgs 37 45 242
Welded pipe 855 943 5,659
Other pipe 2,008 4,076 14,546
Cotton t i c s ... . . . 349 Other hoops, bands 2,674 2,393 15,627
Barbed wire 580 962 7,090
Iron and steel wire 30S 484 2,746 Teleg. and tele, wire 2 . . . . 10 Flat wire and strips 350 366 1,855 W ire rope and strand 397 306 1,857
Other wire 734 428 2,381
Nails, tacks, staples S10 1,159 9,521 Bolts, nuts, rivets . . 18 16 264 Horse, mule shoes . . 23 47 .157 Cast’ gs and forgings 301 472 2,271 Total, gross tons 39.699 39,877 265,757 Iron and steel scrap 5,072 9,173 32,757 GRAND TOTA L . .. 44,771 49,050 298,514 (1 ) Manganese con tent; (2 ) chrom e con tent; (3 ) silicon content; (4 ) alloy content;
(5) formerly included with “ Structural shapes.’ ’
in crea sin g to $2,151,078, ap rp ox i- m a te ly d o u b le th e June, 1936, sh ip m en ts valu ed at $1,076,668. Gains w e re re g istered e sp e cia lly in e x c a v a tors and parts, valu ed at $587,781, com p a re d w ith $207,997 a y e a r a g o.
Ju n e ex p o rts o f p o w er-d riv en m e t
al-w ork in g m a ch in ery a m ou n ted to
$4,731,173, a g ain o f 95 p e r ce n t o v e r th e June, 1936, e x p orts v alu ed at
$2,431,944. G rea test ad va n ces w e re sh o w n in sales o f v ertica l b o rin g m ills valu ed at $319,097 a g a in st $92,- 364; th read-cu ttin g m a ch in es at
$354,322 a g a in st $110,518; k n ee and co lu m n ty p e m illin g m a ch in es $226,- 220 a g a in st $68,220; g e a r c u ttin g m a ch in es $287,123 a g a in s t $49,170; and r o llin g m ill m a ch in e ry at $766,682 ag ain st $283,418 a y ea r ago.
July M a ch in e T o o l O rd e rs Low est Since February
Ju ly m a ch in e to o l o rd e rs con tin u ed a d o w n w a rd tren d to the lo w e st level in fo u r m on th s, a c c o rd in g to the N a tion a l M ach in e T o o l B u ild ers’ a s s o ciation , C leveland. T h e a s so cia tio n ’s in d e x f o r J u ly w a s 171.1, a g a in st 191.8 in June, 208.5 in M ay, and 282.5 in A p ril, the pea k m on th o f past eig h t years.
W h ile J u ly w a s the se con d low est m on th in th e pa st e ig h t— F e b r u a r y ’s in d ex w a s 165.2— it still w a s h igh er than a n y m o n th fr o m N o v em b er, 1929, to N o v e m b e r, 1936, in clu sive.
R ece ssion w a s in d om estic orders, the in d ex h ere d r o p p in g fr o m 137.6 to 115.4. F o r e ig n ord e rs in creased slig h tly fr o m 54.2 to 55.7.
in first h a lf o f 1936. Canada su pplied the g re a te r part o f the scra p in both years.
June M a ch in e ry Exports 6 6 Per Cent O v e r 1 9 3 6
In du stria l m a ch in ery ex p o rts in June w ere valu ed at $21,128,496, a gain o f 66 p er cent o v er th ose o f June, 1936, valu ed at $12,675,659, a c co rd in g to the m a ch in ery division, d epartm en t o f com m erce.
T h e u p w a rd trend has con tin u ed steadily, th e first six m on th s’ sh ip m en ts ab roa d a g g re g a tin g $117,247,- 041, an in crease o f 39 p er cent o v e r the $84,279,326 w orth in the c o r r e sp on d in g period last year.
E x p o rts o f p ow er-g en era tin g m a ch in ery, ex cep t electric and a u to m o tive, in Ju n e w e re valu ed at $1,067,- 787, a gain o f 63 p er cent o v e r June, 1936, sh ip m en ts valued at $654,773.
T h e ou tstan din g in creases w e re in sales o f lo co m o tiv e s and parts, steam boilers, and diesel en gin es.
E x p orts o f co n v e y in g and c o n stru ction m a ch in e ry led the advance,
Steel C orp. Begins M a k in g Industrial Film In C olor
C ran e m en, m ill h an ds, m in ers, and sea m en b e ca m e scre en a ctors A u g . 14 w h en U nited S tates S teel C orp. b e g a n p ro d u ctio n o f an in d u stria l fe a tu r e film in c o lo r . I l
lu stra tin g o p e ra tio n s in 20 su b si
d ia ry steel plants, th e film is b ein g m a d e by T e c h n ic o lo r In c. at a c ost o f m o r e th a n $200,000.
A n eig h t w e e k s ’ itin e r a r y h as been pla n n ed , s ta r tin g at H ib b in g , M inn., an d e n d in g at P ittsb u rg h . T h e film w ill co n stitu te th e first co m m e r cia l fe a tu r e in c o lo r, and it is believed this m ed iu m w ill rea ch a n ew h igh in realism .
A c q u ire s Coal Properties
P ittsb u rg h S teel Co. last w ee k ac- qu iried c o a l p r o p erties o f H ecla C oal
& C ok e Co. in W a sh in g to n cou n ty , Pa. Sale p r ic e w a s re p o rte d as
$838,000, in clu d in g 14,629 sh a res o f P ittsb u rg h S teel c o m m o n sto ck , v a l
u ed at $512,000.
34 / T E E L
