Pig Iron and Scrap Threaten Severe Curb on Amounting to 124,000 Short Tons, Drop O 4 Per Cent from May and 16 Per Cent Casting Shop Operations
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EDITORIAL STAFF E. L, Shaker Editor-in-Chief Irw in H. Such Editor Wm. M. R o o n e y News and Markets Editor D. B. W i l k i n Engineering Editor The Magazine of Metalworking and Metalproduclng J. D. Knox Steel Plant Editor VOL. 119, NO. 8 AUGUST 19, 1946 Guy Hubbard Machine Tool Editor D o n S. C a d o t Art Editor NEWS A llen G. Gray Consulting Editor Toy Industry Back on Peacetime Basis........................................................ 37 ASSOCIATE EDITORS Steelman Cites Output Increase Since V-J D a y ..................................... gg G. H. M a n l o v e • W . J. C a m p b e l l Foundry Shutdowns Looming ....................................................................... 7Q Jay D e E u l is • F . R . B r ig g s V a n c e B e l l Effect of Freight Rate Rise on Warehouse Steel Prices Clarified................. 72 Surplus Machine Tools Moving Slowly from WAA Warehouses................. 73 ASSISTANT EDITORS Changes Urged in Wagner Act, NLRB Procedures....................................... 74 John Pah in a Jn. • H. C. T u t t l e Henhv J. H o l t z . D o l o h e s K . B l a i i a Maritime Union Calls Strike Against Great Lakes Shipping........................ 74 halter F. T o e h c e . R ic h a r d D . C o n l y Canada’s Metalworking Plants Receiving Only 25% of Steel Needs 75 RESIDENT EDITORS French Wages To Be Increased 17%; Income Tax Exemptions To Be Raised 79 E, C. KREUTZBERG Technical Aid Agency Set Up in Department of Commerce 80 Washington Editor Launch Efforts To Obtain Lower East-Bound Rail R ates .............................. 86 L. M . L a m m Associate Editor, Washington Steel Supplies Easier; Labor Picture Clearing on West C oast...................... 86 B. K . P r i c e Dry Dock, with 6000-Ton Lifting Capacity, Launched on Inland River ... 87 Eastern Editor, New York International Detrola Corp. Buys Andrews Steel Co...................................... 88 L. E. Browne Associate Editor, New York E. F. Ross Chicago Editor TECHNICAL- J. C. S u l l i v a n Pittsburgh Editor Properties of Lime Fcrritic Electrodes.............................................................. 96 A. H. A l l e n Detroit Editor Heat Treatment and Metallurgy of Aluminum Alloys..................................... 98 Vincent D elport Method Used To Reclaim Brass Scrap at Rate of 42,000 lb. Per Day 100 E u ro p ean Editor, London Brazing Tool Tips by Induction Heating Reduces Job Cost Per H our 101 EDITORIAL CORRESPONDENTS Efficient Large Volume Job Plating ................................................................... 102 B. W. Kincey, Birmingham Engineering News at a Glance ............................................................................ 110 L. C. Feldm ann, Buffalo Effect of Undissolved Carbides on Ilardenability ......................................... 112 Sam uel S. CARRf Cincinnati Use of High Strength Steels Gives Railroads Lighter Freight Cars ........... 117 Mac Hutchens, St. Louis Clohce R. Reiss, Youngstown Second Operation Lathe for Precision Machining ....................................... 120 Maurice Beam, L o s Angeles How a Milling Fixture Eliminates Tool Changes............................................. 122 Robert B ottorff, Son Francisco Selection of Die Steels for Cold Working M etals............................................. 124 R. C, H ill, Seattle Pipemaker Starts Large Improvement Program ............................................... 132 C. K. C ates, Dallas F. S. Tobin, Toronto J- A. H o r t o n , Birminghatn, Eng. FEATURES MAIN OFFICE 63 Men of Industry ..................... 90 Renton Building, Cleveland 13, Ohio As the Editor Views the News . Present, Past and Pending.......... 69 Obituaries .................................. 95 BRANCH OFFICES Industrial Equipment ............. .. 136 Yetc yori ]» Windows of Washington .......... 76 . 164 Chicago ip .....................................................16 East 43rd St. Mirrors of Motordom .................. 83 The Business T re n d ................. tittsbureh in ...................520 North M ichiSnn Ave. Activities ...................................... 88 Construction and Enterprise . 186 Detroit n ...........................2 8 0 0 KoPPers Bldg. Wash&n„"A........................................ Cass Ave. Lo, A / ' ..................SS6 National Press Bldg. MARKETS Dmdon ^ o n ' 13° N' New HamPshire Ave. Gaxtou St., Westminster, S.W . 1 High Steel Production Rate Threatened by Shortages .................................. 167 Market Prices and Composites............................................................................. 168 Index lo advertisers 198 Pen ton ^,EN TO n P u b l i s h i n g C o ., Resident fn d^ T^6 13- ° hi°. E. L. Shaner fipUtat “d r . G- °- Hays> Vi“ Rresid«,!. Manager; R- C. J a e n k e , Îfot'leasui^ aad Secretin F tEKmWerner, AC“' Vice Assistant Prtsi' i^ B ’ustr« P ^ reaU. of Circulations; Asso- lul*ers' Assudluoa rs ’ and National Pub- NEXT WEEK.,« Published even \I 1 Rnit«d States an d n y '- S u b s c riP ‘>°n in th e Ilardenability Testing in Material Control Eubj. Central >W»eMions, Canada, Mexico, >!“« 510- all oil Amenca'. ona year S6; Handling Bar Stock with Mechanized Equipment t Single co’nie. , countries, one year ter"''!ttd >1- Te'coS“/* 6? (currcnt issucs.)issues )' 25=: ”E n - *' a<vtlJdWnud matter at the postoffice Advantages of Stamped Machine Parts <!>'ogLt jg.g hv, J the Actt. olof March 3, 1879. lb “Tby the Penton Publi.Publishing Co. Applications of Lime Ferritic Electrodes Business Staff on Page 4 Metallurgy Involved in Heat Treating Aluminum ^ 915323534848232348482348235353482323235348232353484823235353482323534823235353482323535348 You’ll be ahead with Your competitive ability of tomorrow depends upon your decisions today. W ill you be able to offer new products, better products at favorable prices? Morgan-Worcester stands ready with rolling mill designs and equipment far in advance of much in current use. W h y not put your problem up to us? Let us prove that " Y o u ’ll be ahead with M organ-W orcester." MORGAN CONSTRUCTION CO WORCESTER, MASSACHUSETTS Rolling Mills - Wire Machines Gas Producer Machines - Regenerative Furnace Control English Representative: International Construction Co. 56 Kingsway, London, W .C . 2, England Illustrated: New type Morgan Rough ing Stands. Features include (1) Im proved overhead roll suspension, (2] Fully protected gear type universa spindles, (3) Improved spindle carriers. fistht M l Screwy Land of Plenty Recently an editor of Business Week interviewed a British visitor who had com pleted a four-months tour of the United States. “What is the principal impression of our country you are carrying back to England?” he was asked. His reply came vies promptly: “It remains the only place on earth where everything can be completely screwy and almost everyone can still get along quite well.” There is a large measure of truth in this observation. It is difficult to think of any other area on the globe where the potential for abundance is so great that the people can enjoy a reasonable degree of comfortable living at the same time their tin government is pursuing economic policies that for the most part are unsound and nés ridiculous. In most countries, mistakes of the magnitude of those made by persons in high places in Washington since V-J Day would have been disastrous. A hint of some of these mistakes is found in the Victory Day statement of Re conversion Director John Steelman. He reported that the annual production rate of goods and services for civilians has jumped $30 billion since V-J Day, that income payments to individuals now equal or exceed the war peak of $163 billion, that ci vilian employment has reached a new high of 58,100,000 and that “the proportion of unemployment is probably the lowest for any peacetime year since we became an industrial nation.” As an offset to the rosy implications of these statements, Mr. Steel man warned that the threat of inflation still casts a shadow over the future. Everything that Mr. Steelman reported conforms closely to the predictions made almost a year ago by many industrial leaders. The conditions he reported were an ticipated accurately in studies made by Paul Hoffman’s Committee for Economic De velopment. They were forecast accurately by the 3600 industrialists who replied to STEEL’S questionnaire on reconversion last fall. Industry gaged the nation’s economic potential correctly. In sharp contrast, everything Mr. Steelman reported is contradictory to what the highest government officials predicted a year ago. They estimated unemployment as high as 10,000,000 jobs. They forecast deflation and directed government policy toward fighting that menace. They even promoted a law that has the effect of shap ing broad government policy according to the predictions of government economists. Had that law become effective promptly, the nation now would be fighting deflation instead of inflation. Our luck in absorbing colossal government blunders cannot last. We need lead ership in Washington that can view economic problems realistically. ¿/" l F B B Û August 19, 1946 LIGHTER FREIGHT CARS: Several 1920 level. What this experience means can be undrcd thousand freight cars will be built for Class judged by the fact that the ratio of dead weight to 1 railroads during the next few years. It will be load for all Class I roads increased 35.1 per cent interesting to note how many of them will be con from 1920 to 1935. Had all Class I roads followed structed of high strength steels. the example of the railroad mentioned above, the In the case of one railroad, the ratio of dead freight car equipment that was so hard pressed to "eight of freight cars to load increased 13 per cent meet the nation’s wartime transportation demands from 1920 to 1935. In 1935 this road began install- would have exceeded its praiseworthy record by a ‘n° ^Sht weight cars of high strength steel. By handsome margin. 1940 the influence of these new cars had reduced American railroads, in sharp contrast with those e roa(ls ratio of dead weight to load to 19.6 per in most other countries, are pre-eminently freight cent below 1935 figure and 9.2 per cent below the carriers.