Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-01-29
THE IRON BOOM .
Another Advance of Half ~ Cent
In Card Rates Coming The
Association tO Meet and Fix lt
on Fridny-iIOw Seme Money
Has Been Made.

Pittsburgh Commercial Gafettc
Iron will take another little boom be-
lore thls week ends. A special meeting
ot the Western Association will be held
ON Friday, when the card rates viii hc
advanced from 10 I cents. There
Nas rulnor that the meeting WAS to bc
held to-day, but this was mistake, a-
the notices tix the time for Friday \
representative of the Commercial Gd;'it'
had chat with manufacturer ycstcr
day on the subject, aud asked him IL the
boOm eouldn't "be little overdone?
rnE CAsE STATED.
"Woll, as to that, VAS the reply,
"YOu can be- as good "a Judge as l, II
YOU have the facts. Now, the case
stands this way; Tho card rate Is 81,
but when people come In aud are very
urgent TO give an order at I cents, NJ
that they grt the iron, what would you
dot The manufacturers now are hlllng
all their oil orders, but Of course they
are not philanthrOpic enough 10 take
"A new order at 3tc, when they can get
half "A cent more. That's why the card
rate il TO be changed. There's another
thing too, that people outside seem To
be little of on, and that In as TO The
biz profits We have made on the al
vance oi tho last few months
"The impression is, % said the reporter,
"that YOU have generally salted down
considerable profits.
al Know that it's the impression, but
i'm most instances Il Is a mistake. some
heavy capitalists who bought largely be
= n. 4. Il ksail Int the
trade generally has been, until within n
short time, filling oil orders, "a which
the profits were mighty small.
"fye heard that story before.
"And that's as much as 10 say You
don't believe il, ehl Well, young man,
rs true, whether YOU take u ~ or not.
| know, for instance, Of parties In the
trade who to-day are filling orders at
n. At S45 for pig metal they ought to
be- gcttiug a. ! could give other IN
stances equally as pertinent.
"But isn't Sl5 a rather iancy figure ior
material for nallsG"
That's what yoa can get lor the best
pi, metal to-day, AMI believe u Is 20.
Ine considerably higher very soon. ui
conrse YOU could make nails out OF n
quality OF pig metal not so good bu'
cheaper In price.
"Wcll. 10 come back to the starting
point. will the advance OF ! 6 after Friday
% into immediate effect ~
"Yes. sir On the lst OF February II
will 20 into object.
eli will advance the Eastern market,
too. oi course
"Oh. YES. Judge the Eastern Asso-
,intion will hold a meeting IN lew
Laws. and base their action ON ours. In
tact. we've all got % coa'e 10 u.
The gentleman further said the meet
,ng MAS likely To- be- largely attended.
A S5O,OOO srEiGE.
As the reporter Vas mcanderlng IN his
rounds elsewhere, he struck another To-
unacious gentleman Who SAID, That Was
sprrtty good thing IL made. Did you
hear about itG
"No. What Mas Itt
We'll last summer, early IN the
SEASON. he made a contract ioF pslis Ia
Ia delivered this January. A lew days
avo the manufacturer with whom he
Lal contracted walked into the otilee
and laid down q CERTIFIED check Tor
$40 600 saving. take that and call u
square.
'"And he took it1'
"ue ,lid for laci, although at the
price and the amount he bad contracted
Ior. he could have made little more by
insisting ON the exact figure. The man
uiacturer was glad 10 set out, too. rs he
VAS afraid Of another advance.
so some people seem 10 be gathering
In scads -