Low Pig. More basic commodity than steel is the pig iron from which steel comes. Last week's Iron Age reported pig iron production during the first seven months was off 17.8% from last year, 3.2% from 1928. But production in August started off at the lowest daily rate for any month in nearly six years.
Nitrate Cartel. Newest of international cartels is that announced in Berlin last week when world nitrate makers agreed to cooperate on production and prices. Significance: peace between makers of synthetic nitrate and the nitrate miners of Chile who recently...
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