The Archive · 1938

Steel—American Iron and Steel

Institute reported a slight reduction from 31 to 304 per cent A year ago the rate was 825 per cent. Steel Scrap markets showed softness.

Railroad—Car-loadings failed to rise. The net operating income continued to decline.

Electricity—The output of current which, rose slightly above the margin this week, was the smallest for a full week since July 11, 1936. It was down 69 per cent. from a year ago. This industry reflects curtailment of manufacturing operations,—United Pr

Text read from the printed page and cleaned; old type leaves the occasional error.

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