News in the steel industry has improved so rapidly of late that, in the Wall Street phrase, "all the good news is out." The unfilled orders of the U. S. Steel Corporation on Jan. 31 were 5,037,323 tons, a jump of 220,647 tons over forward business on Dec. 31, and the largest amount since February, 1924. The Corporation is working at about 95% capacity. Price advances have occurred in bars, shapes, plates, sheets, and wire products.
Over half of the country's steel output is absorbed by the railroads,...
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