Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-02-02
AN ADVANCE in IRON.
The Western Iron Association
Fix the Price at Four Cents.

Pittsburgh Commcrcial-Gazette, Saturday.
Yesterday the Western Iron Associa-
ton met at their rooms on Fourth
avenue, with President I. G. Lewis in
the chair. Fully three-iourths OF the
iron men west OF the Allegheny noun
tains were present in person and at least
nine-tenths OF the association, including
representation by letters. A general dis
cussion was inaugurated in the morning
on the question of advancing prices,
Some opposition was manifested to ad4
vancing the card rate by members who
claimed that the price was being ad-
vanced too rapidly. Others argued that
il would be more eNpedient to reach the
maximum price as soon as possible, and
allow the state OF trade TO regu-
late the card rate. A resolution to adj.
vance the card from three and a half
cents vas then adopted, and will 90 into
effect on Monday. A new classification
in sheet and hoop iron was also adopted,
the classification in hoop iron being a
general one, and in sheet confined to
the Western Association. The follow
ing resolutions were presented and
adopted unanimously;
WHEREAs. There il now pending an
appeal from the discision OF the Treas
ury Department in regard to the I'M
portation OF hoop iron cut to length,
and other like material, under which
said importations are allowed to be
entered on payment OF 35 per cent. all
valorem duties; and
WHEREAS, All manufacturers Of iron
and steel are interested in just inter
probation of the law governing the pay
ment OF duties; and
WHEREAS, We believe that the Off
GERS have made grievous mistake in
their decision by admitting articles at u
reduced duty when the true intent and
meaning of the law has been evaded by
a subterfuge; therefore, be 1t
Resirsd, That the Western Iron As
sOCiatiOn, in convention assembled,
hereby protest against the decision as
made, and call upon the treasury Off
GERS to give careful and deliberate con-
sideration To the testimony offered by
the hoop iron manufacturers now In
Washington, believing as We do that
their claims are founded on equity and
justice.
Resolved, That copy OF these resolu-
tons be- forwarded To the representa-
tives of the Hoop Iron Association now
in Washington.
Some general matters pertaining to
the financial status OF the Association
were then attended 10, after which the
Association adjourned.
The advance in the card rate 10 four
cents will advance the price Oi pudding
from S6.25 to S7.25 per ton, and as this
advance reaches the upper limit covered
by the compromise scale, there has been
some speculation as to what the price OF
pudding shall be per ton in the event
oi further advance in the card,
Ii is claimed by some iron manu-
facturers that inasmuch as when the
price OF iron dropped To two and Il half
cents, and below that figure the manu-
iacturers strictly adhered To the COM
promise scale, and paid five dollars per
ton, although at great sacrifice. by u
parity of reasoning il is claimed that the
maximum price OF pudding in the com.
promise scale should be the limit in the
event Of a further advance, in order that
the manufacturers may make good their
losses when iron was below two and u
half cents in the market.