Salt Lake Telegram | 1931-10-03 | Page 12 | Junk Man Playing Big Role in Modern Industry

Junk Man Playing Big Role in Modern Industry I i i r- r q I Cv t N Sr 43 a i 10 f i 0 N c I I N j t. t Ilon r t. t t A f N tM 75 t I ti 1 OE M 1 f 5 7 v Cu 1 TO O f By ALLARD SMITH Executive Vice Vie President the Union Trust Company Compan Cleveland Clevland Ohio The dealer deler in i old metals metal more familiarly known kown as n the te junk man nia has 1725 ha become a factor of considerable importance to the country's In in- in He is now part pat of one of the country's great businesses Recently Recent Recent- Rent Rent- ly announced results of the first survey surey ever made of the thc scrap scap iron and s steel el business show that sales sale of scrap scap Iron Irn and steel sl In cities cles of more than 1000 In a 1 recent normal I year reached the Impressive total of This scrap iron irn and steel stel goes goe to t the stel steel mills for for- combination with Iron iton ore in the making of new nc steel and the figures of at the steel stel Industry show a constantly increasing use of scrap and a constantly diminishing ratio rUo of ot new Iron ore re to t the thc total iron and steel production From 1920 to 1929 the consumption of at scrap Increased 61 per cent while iron Ion ore consumption gamed gained only 10 per cent Steel Stel pr output gained 27 per r cent In 1912 approximately 75 per cent of ot total iron ion and steel stel Ion was new Iron irn from ore the pr remaining 25 per cent being scrap scap In I 1929 the new new iron percentage was wa in I the neighborhood pr of at 57 with 43 per cent scap pr The Increasing use of scrap in steel making has ha given new dignity to o the cast off of autos auts of ancient vintage and the thel salvaging of at scrapped motor cars has become an Important activity in i industry All Mi this means mean conservation of our national resources as well as a reduced costs ct for tor or steel steel that great geat underlying underling commodity on which so 5 much of our material prosperity is based Wat What is being done in Iron and steel is 1 I also being done in rubber tin Un lead copper and other materials matral We arc are not noVa a a wasteful people although old world word critics have many times Imes characterized us a as such The Te American trait of wanting at all al times Imes the newest and best uc we arc are able bIe to t obtain Is I not waste wate On the contrary it is an expression of our ou entire appreciation of ot a standard of living higher in this tais thi country than in any other