Page 8 article text (OCR)
PAGE EIGHT Scrap, Metal Overseas as Piepare foi in Demand Nations War BY WH.I.1S THORNTON MEA Service Staff Correspondent CLEVELAND — Tlie American steel Industry today Is making more steel than In tlie days when It was breaking-nil 'its-own records in the -1929 boom, Production or steel Ingots approaches practical capacity. Blast furnaces In operation Increased by 60 from March ). 1D3G, to March l; 1937. Despite the auto strikes, demand for steel scarcely ubntul, and consumers today are fighting over'delivery rather than over Hs- Ing prices Scrap steel has b:cn rapidly rising In price until It is almost t\\ high as pig Iron. ' It was:ns low as $4 a ton during the depression; recently It went almost to S2-1. This boom In steel so far exceeds that In ger.sral business that Hie president himself noted It in a .recent speech. It recalls, to many steer men, the days of 1915 and 1B1G, when European war orders forced expansion of the American steel. Industry to. a point where depression was inevitable when the wai oiders \\eie cut oil PUBLIC PAYING Arc world war prcpniatlon 1 , at the Lottom of lodaj s boom in steel? And is Ihcie the same 'chance. of a terrible letdown If such orders should suddenly fail? Such, a situation Is MiKvestcil In the, business bulletin of the .Cleveland Trust Co. It stresses that the whole woild now is producing /more Iron nnd steel than ever before, and suggests gilmly. "It may be that the nations arc a[i cadi in cotiflicj through this Industry, and, that this time the Mar demands are bring e\pei- - lenccd In nri;.vi,-atlon of hostilities, or In the hooc of avoiding them, instead of becoming after their outbreak urgent In othci \\oids, so fai as steel :.ls concerned,' the next World War already has begun What's more, a committee of small Independent steel men 01- ganlzcd to comlat itslng prices ride ' The , ° ,n rf , undoubtedlv due in the majci BLYTTIEVrLLE (ARK.) COURIER NEW9 U, S. Junk Yards Meet War Needs of Foreign Nations Thousands or tons of scrap iron and steel arc leaving American shores liij a swelling stream. The chart below snows the mounting exjioil trade in scrap iron and slcel as compiled by n committee of Independent steel producers who ho]*' io restrict tills trado. The estimate for 1937 Is In the right-hand column. At right, a Jnpane.se freighter loads a>mp at Long Bench, Cnllf., while hundreds or tons or the ' melal on the docks await shipment. lAjinrls n( iron i Slri-I Si-nip In'fjross Toni and their orders liuve ton from n survey of whnt'\iacli irar- ran not be told. ])nl nil Im refused by -several countries, In- titular country seems to be dolnp . porting countries 'arc feverishly own wnr_ prepara tions nnil on filling their own de- Russia has also" been try- for a pound of new steel. Every only takes B nick uut of U. s. fcteel resources, but raises the prlco of the very scrap' metal which U. S, producers must buy. PROSPERITY. I'OUTICS Export ports In the scrap trade arc beehives today, At Port Richmond, Pa., recently, there were 1,400 carloads or scrap awaiting fillips to carry the metal aboard. At Houston, 900 cars lay 111 the yards waiting for ships. Tulsa, Okla., reports that the whole southwest Is being scoured for old ollflplcl equipment for the scrap trade. :•• At Ualveslon the railroad lines fit the pierheads were congested by gondola cars full of scrap destined for Italy and Japan, The Interstate Commerce Commission actually stepped In with rcgula-- tions to break up the 'car congestion, Rochester, N. Y., reports ]0p carloads a week going out, mostly to 1 England. So while Europe ntuj Japan ffip America of scrap metal, forcing iip the price to domestic users, (he u. s. steel Industry booms In production and profits, U'lplng to supply an abnormal vmr preparation demand, and forging new .links between American prosperity and European pol- Itlcs—links strikingly like ' those fhlch proved so costly in 1Q17J Read Courier News Want Ads timlly engaged In the arms race. Scrap cx|K>rts have reached ,. point where shipments are acliml. ly congested In several eastern lioils Scscral lallioads- actually hnd to dcclaie nn embargo on scrap shipments to the .seaboard, car movemenl.s lo die Ing to buy "knocked down 11 tle.shl]>s and heavy guns here. No one can say exactly ,' how nuidi of steel exports gbe.s directly Into munitions. 'Japan -' lins piers until there are ships there dcr irmly to.load. mimy great building projects . 1111- way, repairing earthquake Japanese llrins, ... I fearing revaluation . of • the, yen' Countiies like Japan, Italy niid' arc believed to lie storing steel Poland, which'do not have much .simply because they would rather imthe Iron oic nnd coal, are the Iliavc- pieatist impoitois of. Amerlcahj money In their banks. China' scrap iron; and-steel, ,: : ; v ~ ' ' : ' It was the unh of scrap lo Jnpin fmn 01 five jciirs. ago lhat called attcnllon lo (he sltui\limi, liivl It was noted - that :!caiy bousht It lucklessly during the Ethiopian f.dvcnlure. " in their yards 'thrill heir bunks. China' , Is n great importer of American llii- plnle, generally for cans.' The ultimate destination of the „„,, , |nl0 steel which steel, can not --- ..... --.. be traced, nut you can guess ----- .....^.. .j.vij I Amfll'ipni, o new Japanese submarine culls for ,., tlv ,.™ „ 2,000 tons of it; llritahi's nvc new ,','" y l " ,', b,.lleships ,111 rcdulriT ,50.00, >" "™ ' battleships tons. CJONlM'OHUVtat Exjiort of finished nnd scmi- permanent reduction In the Iroi. steel resources of the nation Tlie American arms progran .—. something to tin American steel boom, but. appar ' little as yet.:The three- il building program slcel requirements drew such.nculc attention lo the Wnlsh- Ifcaly bill recently, could be sup- nnished what It steel was is still only half In 1029. It is the export of scrap iron and , plied completely, by the mills Gary, Ind:, between morning "am mld-uflernoon or a single day That Is (he estimate of E.. C. Bar- that reflects the frantic etrorls O fj ringer of Daily Metal Trade foreign eountrle.s to boost their All government rcauirements steel production wd to . become civil and military, would be no Independent or Imports |f ; war much. more (nan i per cent should como. ~ " i~*~i t T r> .,_._,, . come ' •' ':-- ilotnl u. s. production in a year American exports of scrap was The direct eircct of the 'J, S. mivn 557.<H'I tons in 1920. By .logo it | and military nrmnnient program '• — •-, -"a i""-^' E\en Biitain, fourth larerest foi scrap lion and steel, suggests steel producer. Is desperate for tl-atAmeiicans aic already pa\- M ( cl she has just 'removed the ingjlie fa^ wilhout taking the (tl ,tv on •common steel"' which mill! Maicli 31 hn-1 been about; $15 u ton That is because British had tlscn lo 1,041,031 Ions limy reach 3.000.000 tons this ycai All the slcel Is gone "forever, a TUESDAY, APRIL 20, 1937 Osceolan Assessed $50 for Reckless Driving C. G. Ml'tcheltreo of Osccola, husband of a "Hindu princess" fortune teller, was fined $50 In mil- mclpal court • this mornln» on a charge of reckless driving hi con- iiectlon with a Highway. 01 acci- deiu about two weeks ago in which .his wife was injured, Mitcheltrce gave notice of anneal to circuit court, • John Vandlver of Osceola, jailed by Deputy SheflfT Arch Llndsey yesterday after he wrecked a truck on a Highway ci curve at Ynrbro was released this morning In order that he might be removed to his home. Llndsey said Vandiver's Injuries apparently were more serious than an examination after the accident revealed. He said Vandiver was intoxicated when tlie accident occurred a'ld was driving a truck which belonged to Ben Butler of Osceola. Eugene Moore was fined $25 and given a 15-dqy jail sentence on a charge of petit larceny this mom- Ing. . s Emily iilec and Heleli Parte: were' fined $15 each for disturbir tlis peace. Ludean Holderfield and Helen Holderneld were lined 520 on chaTg- es of disturbing- tlie peace nud Katherine Holderneld was finwl $2 for disturbing public worship. The court suspended all fines against the girls'. HAHNA FUNERAL HOME J :*; A bcantiritl nnd sympatlieUc y services nt moilemte cost. >; .»! Ambulance !j! Service !•! Hi N. 1st I'hone S8 >; Now Loeafed at'HirNoHh .Sw-und ADDING MACHINE & TYPEWRITER SERVICE BUREAU DON FDWAHD3, Proprietor All mak(* of Rebuilt T)'P«wrlter s , Adain K Marninm C« leu lators-Repal ring— Parts—Itlbtran, rtidtnttal FARM LOANS Anywhere in Mississippi County Low Rate* ' ' Long Terms Prompt Service Prepayment Privilege* Wilson and Worthington Isl National Uank Bldg. Hlythcville, Ark. Authorized Mortgage Loan Solicitor for The Prudential Insurance Company of America Mori moducers ' J" -Jn. v i ui uuuv.1'1 •) i jlvl! part to the icnrmnmcnt p)cgifim ma'eilals cmnlovcd of foielr;n nations, \vllh the u- • • • Suit that the Amcilcan public Is In cflcct I elm; forced to pay pait of the cost of world rearmament" a shortage of To imdcrsland! that must grade steels The KflOsh ., ixulo smelting industry is slight The flood of finished steel and] CLARENCE H. WILSON scrap iron and steel exports not HAKVKY MORRIS HAY WORTH IN (JTON ., usry (clostly allied How lo the roarinn- i Incnt pio.>inm> recently ccm- ,"' ,.i n |,,. r , ' ' ' ,. n ,, recall that thl, scnip metal b,l« a f '' i ear. Now sent abiond Is not just junk no longer needed here It Is an important ingredient of all domestic steel making U S steel makeii bbnshl '13.603,000 tons of it last -hey.must pay a price for it that is',brniK Jacked up b,' the eager demand from foreign aima- mcnt makers. That adds to the cost of American-made steel, and fends to hamper the leUial of building and other expansion Si'IPMV.NlS MMMI.D So cntlcal has been this riso in the cost cf scrap steel that Senator Schweltcnbach of-Washington . has ihtrcdiiced a bill for reKiilatlon of scrap expoits .Schwfllcnbach, scolng -the shlp- rloads of scrap Icavinj his Pacific ncrtrmest practically ever}'* day, ]ie\er (o come back except p=i- haps as Exploding shells, became ccnc'rncd. He remembers wartime dajs, jrhen scrap reached S40 a ten and the federal government had lo step In. Hearings on the bill are expected soon, with Ihe Institute of Scrap Iron and Steel opposing restriction. The scrap business Is new almost as well organized as steel itself. How much of. the exports of Kcrap metal and finished steel ac- ' it by the British .steel *. due-, It Is believed, to icoilenlng of antiquated,' long- disused blast -furnaces.' British orders for lathes and machine tools have been booming hrre. Tlie calls for more steel to build the machinery and morn steel, again when the machinery goes into operation over tlicre. The Rii.ssluiis tire trying to buy SEE I'AGK ; THURSDAY • ••Nffi.iisin *mm . . rWQWL • iff, . . Y says Al Sdiacht Listen lo Chesterfield's Daily : Broadcasts of Big League Basehall ScQres...5:35 C. S. T. OOLUMHIA STATIONS The Saveon Gasoline Company Tank Car Station at Holland, Mo. announces •A policy nf only one jjrade of highest quality pdvnl- Dtim product j 'direct frun: refinery to >ou. High Test No-No\ Gasoline. 100'J Pure Pcnnsjt-j vanb Motor Oil in Scaled Cans • Gallon Tu\ I'aid Tax Kvery gallon sold uith n JIoncy-Hack Gnaranlcc of Satisfaction. » One High Quality - - One Low Price 100^ Pariffin Base Motor Oil ' Sealed Cans 15c Qt. Tax Paid m es " 'Gome on bleachers roa.r.. ( . f Sivat'em out!" the big leaguers swing into action watch those Chesterfield packages pop out of the pockets. There's big league pleasure for you... everything you want in a cigarette. A homer if there ever was one :.. all the way 'round the circuit for mildness and better taste ... with an aroma and flavor that connects every time. i 19.17. I T.V M»«.To»,croCo.