The critical behavior of the Ising chain with long-range ferromagnetic interactions decaying with distance $r^alpha$, $1<alpha<2$, is investigated using a numerically efficient transfer matrix (TM) method. Finite size approximations to the infinite chain are considered, in which both the number of spins and the number of interaction constants can be independently increased. Systems with interactions between spins up to 18 sites apart and up to 2500 spins in the chain are considered. We obtain data for the critical exponents $ u$ associated with the correlation length based on the Finite Range Scaling (FRS) hypothesis. FRS expressions require the evaluation of derivatives of the thermodynamical properties, which are obtained with the help of analytical recurrence expressions obtained within the TM framework. The Van den Broeck extrapolation procedure is applied in order to estimate the convergence of the exponents. The TM procedure reduces the dimension of the matrices and circumvents several numerical matrix operations.
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