Architect and engineer . fcapacity with resulting losses over thefour years to the industry totaling S285,-000,000. From 1930 through 1934, im-ports of pig iron, scrap and rolled steelproducts amounted to ,935 tons. This meant that 57, man hoursof work and $36,000,000 in wages atpresent rates were lost to Americanworkmen. These imported products were sold bythe foreign steel makers and shipped tothe United States to sell at prices rang-ing from $ to as much as $ aton under American prices. For every ten of rolled steel imported,an average of $25 is taken out of anAmerican
Architect and engineer . fcapacity with resulting losses over thefour years to the industry totaling S285,-000,000. From 1930 through 1934, im-ports of pig iron, scrap and rolled steelproducts amounted to ,935 tons. This meant that 57, man hoursof work and $36,000,000 in wages atpresent rates were lost to Americanworkmen. These imported products were sold bythe foreign steel makers and shipped tothe United States to sell at prices rang-ing from $ to as much as $ aton under American prices. For every ten of rolled steel imported,an average of $25 is taken out of anAmerican pay envelope or. at presentaverage operating rates, one man is de-prived of a Week s work. The prevailing domestic compositeselling price for finished steel productsapproximates $ per ton. which in-cludes materials, labor, overhead, invest-ment charges and profits. It is obvious,therefore that the wage earner is thechief victim in the loss of steel tonnageto foreign competition. The Architect and Engineer. May. 1935. ^CALFENS As used in OConnor Moffatt Roof GardenCALIFORIVIA RUSTIC FEIVCE CO. 646 CALL BLILDLVG, SAI^ FRAIVCISCO Phone Sitter 0656 ONCE MORE-ITS HAWS
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