One of the real sensations of the Spring has been the unparalleled swift ness with which the output of pig iron has been curtailed. From the depth of the 1921 depression, pig production climbed fairly steadily until May, 1923, when it stood at 3,876,694 tons. From there it slumped to 2,920,982 tons in December last, and then rallied to 3,-466,086 tons last March. April, 1924, however, showed a reduction to 3,233,428 tons, and new figures for last May reveal the astonishing drop to 2,615,110 tons. From an average daily output of 111,809 tons last...
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