Just as quotations of U. S. Steel are an index to the state of the stock market, so activity in U. S. Steel and other steel mills are a pressure gauge of general industry. Last week came reports of increases both in unfilled orders and in ingot production. U. S. Steel opened the year with unfilled orders totalling 4,417,193 tons, unfilled orders having increased 291,848 tons during December. Production opened last week at 60% of capacity, increased to 65%. Most active of the large steel companies was...
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