Word: ingot
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Dates: during 1930-1939
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...capacity the week before. Steelmen were encouraged by the prospects of a busy automobile industry for the rest of the year, anxiously awaited the results of the year-end rail buying by the railroads. Buying by farm implement makers was expected to follow the wheat rise. During October, steel ingot production averaged 58,977 tons a day, the lowest since...
...year. Iron Age indicated that July will probably mark the turning point in this important index. Pig-iron production during June dropped to the lowest level of any month since February 1922. Fourteen blast furnaces were blown out, leaving 91 in operation, the lowest number since December 1921. Steel ingot production for the first six months averaged 98,442 tons a day against 152.120 in the first half of 1930. United States Steel Corp. entered July with unfilled orders of 3.479,323 tons, a drop of 3.9% from June, 12.3% from a year...
...cotton mill the number of spindles is what ingot capacity is to a steel mill. Likewise, the number of spindles in operation is the gauge to the industry's activity. In the U. S. are 34,631,000 cotton spindles; 26,645,404 were busy during April. Biggest cotton company is Pacific Mills, New England, with 618,906 spindles...
...orders of United States Steel Corp. on April 30 stood at 3,897,729 tons, a drop of 97,601 tons from March 31 and of 456,591 tons from April 30. 1930. Pipeline awards were higher and structural steel business was reported better. The April daily average steel ingot production was 104,711 tons against 158,057 in April 1930; 190,398 in April...
Hope and a crowded short-interest rather than facts seemed to sponsor the rally. Steel ingot production hovered around 51% of capacity against 82% a year ago. But companies catering to the automobile trade were busier than others. There were rumors of steel price-cutting. Automobile Production during January came to 183,876 units against 161,223 in December and 283,606 in January 1930. Commodity Prices hit a new low average but the swift January drop seemed checked. Failures for the week were 722 against 585 in the corresponding week of 1930. Bank Clearings were 14.1% below last year...