New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-24
LOCAL MISCELLANY.

COMBINING TO CONTROL STEEL RAILS.
THE PR cE 10 BE ADVANCED AT oNcE-I1NifiNd
1HE PRODUCTION OF SIX MILLS-DiNhRliN"
TRADE TO PENNSYLVANIA.
The Bessemer stee-makers have been III
session at PHILADELPHIA fur few days. endeaNoTlhs 10
form n combination 10 advance the price OF steel rls'
The Bcsscmer or pneumatic process is owned ana con
troed by eleven steel rail Mills and these rails cannot
be Manufactured elsewhere in the country. gentle
man officially connected with of the companies says
Several attempts have been made To regulate te price
of steel rails the result thus far being Disagreement
and reduction Of the price Ia $40 per ton. Inc
folly OF this constant cutting OF rates Is NO"
plain 10 the manufacturers, ana afrahEcm'h's
are in progress to advance the rates the plan winch
gives the greatest satisfaction Is such Limitation o no
PRODUCTION a 10 throw the bulk TIE business 10 few
of the larger mills The small companies VIII ina II an
expensive operation manufacture IN restricted quaint
cs and they will be compensated by bonus to he paid
by the mills doing the work Al the present prices thre
is no profit the business in proportion TO the enormous
capital invested and unless tn unnecessary ryaify
ceases some OF the mills will he compelled 10 close
The agreement only awaits the SIGNATURE OF the man
ayers Of the elevcum mills nier str foi ,1Ilf . 80 10
diricd at safcd perods among the companies owning
the process Rails are 10 ne lhril' icu
Chicago. 81 Joliet H.. S5l ST. Louis, s53 The mills
al other cities 10 he unrestricted IN Iroiuci oI n
urlees These tie EDGAR Thompson "9lkh 81 ~
iurg Cambria Iron Company Of Johnston, PennsylN ma
Stnfl Comnauv Harrisburg Bethlehem Iron VOTES III
bethlehem. and Ilckawanna Iron and Coal COmI"'i
of Scranton The five unrestricted mills, " is sit"u'
canuo manufacture than 100000 tons OF ra Is III
wear As lire consumption for tie next yeai L. eslA eu
M 400 600 tons the other mills WI nave ohy lV,
600 tons divided among them, bur II Is claimed lbh ~
adGIon To the greatly advanced price pei ton trI WIN
he ann = uni for their restricted work by their shd
in the 100000 royalty o. 2Joooo Ton 10 De 'Ho AZ y
te unrcstlctca companies. This SCHEME, II If sta d.
wit not interfere vita existing contracts ana Tie Nc"
York Central Railroad contract AT $40 per ton VIII DC
flied nj thnt price. ,,, oo,,
Dealers 40 look voraby upon This proppsed com
buaan fearing that il Viii cause all seeking ste Ias
n make contracts ircctly with tAc mills, ana rum S
M idaleuen A gentleman Intimately acquainted WIN
The business saws: Under this com lnaiOn Ihe eh' -
strirtcd con paucs will reap iich harvest lhey VIII
increase the price from I'll to 80 per Ton AZ Once ana
ty VIII probably take large coz tracts for thf N,s anu
south at least ~ per ton lower than the commune
lion schedule, including frei-ht, aud thls d!iW
AN the trade to Pcnnsyivanil. VIVA Snch an
ucrels@ ~ pr1ce. they amply afford 10 pay lhin y
uou - uer tom all rails which hey inanhia 'urt Ie
riual lnrde1 of this tax viii De rednced c0nslGtIpH ny
fhrir .hare in the amount contributed bY te restricted
conipsies The Vulcan Iron Works, Of - LOUIS one Oh
mn. largest estatthmcnts OF the kind III the count r.
must charge $50 per nv the combination s'hsuue,
an lnrrese OF $40 present rates. THIS ~iiI avert
A., trad 10 III s1uTg where tie rails, uidef TINS sch'e
can be sc uird tof Sl9 or even l',s' - A.,
A IS generally I've 4Ned steel ana non men liil
the clnni,aton las been fully decided NJ Oh, ana ihat
tle nrce OF BesseIner rails Will be advanced at once