New-York tribune., 1871-06-02
THE IRON TRADE-AN ASSOCIATION FORMED-ITs
OBJECTS,

The leading American Bar Iron Manufactu-
held adjourned private Convention yesterday at
Room No. IA Astor House, and permanently organized
under the of the Eastern Ironmasters Associa
ciation." The following officers elected:
Presdent-Jmes Burden Of Troy vieePtadents-James =
Walker Of Troy Nathan Rowland Of philadelphia Secretary and Treas
Csssauqua stephen Phadepha Philip D. Borden Of
NevYoi, William Comn Of Boston, Josiah Bailey Of Phade
phsi Leander N. Lowell Of New York
An address was adopted and signed by AZ OF the pro
prletors of principal rolling setting forth that the
objects meetings had been TO the barron
manufacturers in order to become personally acquainted
with each other consult about the depressed ana I'M
profitable state Of their business and the causes hereo
to harmonic seemingly conflicting interests ny re-
moving all for local ealouses and
ings to adopt, IL thought desirable the declma estSIn
per pound selling IRON rom 90 markets With west
ern bars thereby derangng prices, without any auNah
age to the producer to examine apHce ana r'neSy Sy
which American manufacturers are deprived 1i
nG To seyS n he protected bv the Tariff to
establish after deliberate consideration OF all the points
local mil price for bars for ali extra sizes Of made
and for cutting bars TO speced iengths-poln, o "oh
in many instances below the actual cost OF manu-
fscture organize association OF the Atlantic states
6naliy 10 adopt such measures as would increase and
perpeuate the prosperity the bar mills OF the entire
States the report continued, had exhibited indifcr-
ence TO their mutual Interests and rights, arls-
otter and want of confidence. To protect
these interests and promote friendly intercourse mas
been the studied object Of concerted action i'll nearly All
other branches of productive industry In Great Brlta
where the Government has for many years imposed
exclusive duties upon foreign irOn the bar IRON manu-
facture had firmly established as 10 dey com
petition; there the manufacturers AT TINS day pro
ect themselves and control the trade only by combined
action through their monthly meetings adapilng price
and product supply and demand influencing the price
of iron throughout the world, and enabling them 10 eh-
port 10 United states 45 per cent Oi all lne IRON
consumed here in 1870 This perfected organization III
Great Britain the wisdom and experience resulting
from century OF conventions. The decimal system ol
selling iron many tenths of cent per pound was so
obvious Improvement upon the old system OF -eihg
by the vague and indefinite term OF "tun, that the
Convention abolished the " tun' AT the hr't
session, many of the mills having previously done
so with decided advantage, both as TO increased aver
age price and economy in office work. schedule Was
submitted which prepared by gentlemen irom UI-
ferent localities cOnveTsant with the business Suose
queny it was considered in full session. and corrected
so to equaize local differences, and, with the fuli
knowledge Of the and duties upon foreign IRON ana
the cost of domestic manufacture, vas DeneNed 10 ne
nearly perfect having been unanimously adopted ny lhe
Convention. The schedule submitted was thf mUMu"
price Onig; many of the mills receiving hlgner
the sizes OF rOn other mills were selnng
for less The aim Ia establish standard Tor extra
iron, below which manufactures could SELL but each
mill had full liberty TO obtain as much more ior its
products the quality Of the iron reputation oi the
brand would warrant.
The Convention adjourned until July.