Business: Junk

The steel industry last week was operating at 36.4% of capacity. Steel scrap, which accounts for nearly one-half of new steel, sold for almost $22 a ton in April, was down last week to $13.41. These melancholy facts trouble everyone in the junk business.* In Chicago the junk business is especially troubled, for retail junk shop owners for the last two months have been having trouble with the men who collect and sell them their scrap. About 1,500 junkmen, members of the United Junk Peddlers' Association—a C. I. O. affiliate —struck against the...

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