The decline in the demand for steel which has occurred since last Spring is clearly indicated in the shrinkage of unfilled orders on the books of the U. S. Steel Corporation.
The record amount of unfilled orders was established in July, 1920, when the tonnage on the books reached 11,118,468. From this "peak" the figure declined to a low mark of 4,141,069 tons in February, 1922. After that date, however, the unfilled tonnage rose almost every month, until a high point of 7,403,332 tons was reached in March, 1923. Since then a decline has...
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