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S T E E L , Feb STEEL PRODUCTION • PROCESSING • DISTRIBUTION • USE For forty-tight years—IRON TRADE REVIEW & o n t e n t 5 . February 17, 1936 Published by Volume 98 - No. 7 PENTON PUBLISHING CO. PENTON BUILDING CLEVELAND, O. As the Editor Views the News.......................................................... 13 • Del Monte Conference Backs Steel House..................................... 14 JOHN A. penton . Chairman of Board Continuous Mills Since 1926 Cost $200,000,000 ..................... 14 j. R. daw ley . President and Treasurer Steel Complying with Social Security Act..................................... 15 dan m. avey .... Vice President Financial News of the Steel Industry.............................................. 18 Windows of Washington....................................................................... 19 R obert T. m ason .... S ecretary Steelmaking Operations for the W eek .............................................. 21 Mirrors of Motordom .............................................................................. 22 Men of Industry.......................................................................................... 24 BRANCH OFFICES: O bituary.......................................................................................................... 26 New York 220 Broadway 35,000,000 Tons Is Estimate of 1936 Iron Ore Shipments. ... 27 Chicago .... Peoples Gas Building Pittsburgh . 1650 Koppers Building Petroleum and the Metalworking Industries— Editorial 29 San Francisco .... 2413 Mi!via St. The Business Trend—Charts and Statistics................................... 30 Berkeley, Calif., Tel. Berkeley 7354 W Washington . National Press Building Metallurgy of Transmission Gears— 1 .............................................. 32 Cincinnati . 418-420 Sinton Hotel L o n d o n ..................................Caxton House Press Accidents Reduced by Safety in Die Design ..................... 38 Westminster, S. W. 1 Power Drives ............................................................................................ 40 Berlin . Berlin, N. W . 40, Roonstrasse 10 Surface Treatment and Finishing..................................................... 44 Member Audit Bureau of Circulations; Associated Methods and Materials.......................................................................... 48 Business Papers Inc., and National Publishers Association. Light-Polarizing Glass, a New Development................................ 48 Published every Monday. Subscription in the United Conference Discusses Superheated Cast Iron .............................. 51 States, Cuba, Mexico and Canada, one year $4. two years $6; European and foreign countries, Welding, etc.—Robert E. Kin\cad ..................................................... 53 one year £ 2 . Forum on Modernization....................................................................... 54 Entered as second class matter at postoffice of Cleveland, under the Act of March 3, 1879, Copy- Parade of Progress in Pictures............................................................ 56 right 1936 by Penton Publishing Co. Progress in Steelmaking ....................................................................... 59 New Equipment ¿Descriptions.............................................................. 62 Review of Trade Publications................................................................ 65 M arket Reports and Prices ..................................................................67-87 New Construction and Incorporations.............................................. 89 Index to Advertisements ....................................................................... 98 EDITORIAL STAFF BUSINESS STAFF E. L. SH A N ER , E d ito r GEORGE O. HAYS, Business Manager E. C. BARRINGER, Managing Editor E. C. KREUTZBERG, Engineering Editor JOHN HENRY, Advertising Manager ASSOCIATE EDITORS R. T. M A S O N , Circulation Manager A. J. H A IN E. F. RO SS Ç E. W . KREUTZBERG G. H. MANLOVE J. D. KNOX A. H. ALLEN N ew York . t J . f. a h r e n s ( j . W . ZUBER New York B. K. P R IC E -l. E. B R O W N E Pittsburgh . E. A. FRAN C E JR. Pittsburgh .... S. H. JASPER C h ica g o .......................... W . G. C U D E C h ic a g o L. C. PELOTT Washing'pus—-—^ • . L. M. lamm Lond/nS$ty}}l ‘Cv'VINCENT DELPORT Cleveland . R. c. JAENKE February 17, 1936 11 AN INVISIBLE ALLOY Gone are the days of slow and expensive "cut search—an alloy that adds extra value to Ludlum and try” methods for finding the right steel for Steels and the service they render in all branches of each specific requirement. Ludlum Research, un­ the metal working industry. No m atter how ad­ biased and thorough, has simplified the task. vanced your ideas and plans for changes or im­ Whether you use stainless steel, Toolsteel or provements in products or methods, Ludlum Re­ Nitralloy, the Research Department can place in search is ready to cooperate. your hands helpful data for proper selection of Put this invisible alloy to work in 1936 for easier, grade and physical properties, as well a^ authori­ belter, speedier production. Phone, wire or write tative information on working and heat treating. Research Department, Ludlum Steel Company, Here, indeed, is an invisible alloy—Ludlum Re­ Watervliet, N. Y. LUDLUM LUDLUM STEEL CO. • WATERVLIET, N. Y. TOOLSTEEL • SILCROME • NITRALLOY 12 JTEEL February 17, 1936 /TEEL PRODUCTION • PROCESSING • DISTRIBUTION • USE toms are “pedantry, cruelty to subordinates and extreme stinginess.” W e venture the opin­ ike 2d.ltoi ion, that every personnel director and many other alert observers in industry will agree that the Chicago doctor is more right than wrong in his diagnosis. The condition he de­ l/ieu/â tke scribes has played havoc with morale in many units of industry. Fortunate is the company whose officers know how to keep its employes happy and contented. T ODAY the business world is watching the spectacle of a curious reversal in the re­ ♦ ♦ ♦ cent trends of two major divisions of in­ Industrial safety probably has been affected dustry. The automobile industry, which dom­ by what may he termed “depression nerves,” inated a large part of the nation’s activity in but a Detroit safety expert cites another factor. 1935, is in a period of declining production, He believes that the rush na- which may continue for several weeks. Mean­ Building Safety t“,e,of 'TO,‘I ‘f f ef »“»"ping time, the heavy goods industries, which were plants (p. 38) tends to cause sluggish during most of last year, are coming Into Dies management to neglect to pro­ back to life. In fact, developments of the past vide for safety when designing week indicate that reviving activity in capital dies for stamping. He shows practical methods goods (p. 67) may offset to a considerable ex­ for incorporating safety provisions into dies tent the lack of the customary strong support when they are in the process of being designed from the motor car industry. .... A recently developed light-polarizing glass (p. 48) promises to extend the principle of strain-testing, which has been applied to en­ The result of this sim ultaneous rise and fall gineering structures .... One of the recent in two important sectors of activity is a fairly interesting applications of hard facing (p. 50) strong situation in business generally. Steel involved the use of stellite on the teeth of cyl­ operations are at the highest indrical caissons on an important engineering Trend in Steel P°int touched thus far in 19 3 6. p r o je c t . Freight traffic is moving in Still Upward good volume and here and there are renewed signs of dif­ Being engaged in the business of dissem­ ficulty in obtaining cars of certain types. This inating information, we were particularly in­ situation gives point to the recent increase in terested in the action of the Supreme Court the purchase of equipment by the railroads. last Monday in upholding the Keeping in mind this picture of activity at Free Press principle of free speech. “The home, it is interesting to note that in Great newspapers, magazines and Britain (p. 85) steel ingot output in January Is Vindicated other journals of the country,” was the second highest in the history of British said Mr. Justice Sutherland, ste e l. “have shed and continue to shed more light on the public and business affairs of the nation than any other instrum entality of publicity .... A Chicago psychologist startled his listeners A free press stands as one of the great inter­ at the recent convention of the Am erican M an­ preters between the government and the peo­ agement association by declaring that 20 to ple. To allow it to be fettered is to fetter our­ 30 per cent of employes suffer selves.” That last sentence may become clas­ N e w Liqht from mild mental aberrations. sic. A ll of us should try to remember it when­ The symptoms of this condi- ever we are provoked because we think an Employe Moraletion, he explained, are “seclu- author or editor has abused the right of free siveness or a tendency to day­ expression. dreaming, insubordination, chronic ill health without organic basis, over-suspiciousness of associates and superiors, over sensitivity to slights, and over-tendency to errors and ac­ cidents.” Am ong executives, he said, the sym p­ February 17, 193 6 STEEL 13 methods for single dwelling through out the nation. And what do wi Del Monte Group Backs Steel find? Steel has hardly participatec at all to date in this phase of thi construction industry, and electricit; has just made a beginning. “We find that the average
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