Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1882-12-31
sp,oiul Dispa,es to The Sunday ssgi''s9. 8.

two The first meeting of the week was
that of the blast furnace men, oil whlcn
wrote you in my last. 1t was held at tne
Monongahela House, and although but
limited number of gentlemen were In az
tendance the meeting was success:
great number OF letters were rea9 llom
firms that had not been able to send rep
resentatiye, all OF which expressed hearty
sympathy for the movement looking TO-
wards the formation of
National Protective Association,
and a willingness to cooperate with 1t.
After full discussion of the matter 1t was
deemed better to defer action for the pres
ent, on account OF the absence OF so many
whose assistance was desired, and January
1lth was fixed as the day Tor
an adjourned meeting at the same
place, when an organization will probably
he formed. The most important business
before the meeting was the report Oh the
committee that had been sent to Wasning'
ton to protest against the report Oh lhe
Tariff Commission, so far as 1t relates 10
matters connected with the pig iron busi-
ness. The committee reported that the pig
iron men had very hard fight before
them. One gentlemas expressed the opin-
ion that an effort will be made before the
Ways and Means Committee TO have the
So allowed by the Commission reduced to
S.. 1t is a vigorous fight between the man
ufacturers of pig and those interested in
buying cheap pig. 1t was asserted there is
more money employed in this branch OF
the business than in any other, while 1t
has been less carefully protected than any
other by the
Reyisers Ofthe Tariff.
The question of legislation was COM
mitted TO committee composed OF Messrs.
C.. n. Schmick, OF Letonia, o.. w. H. Wal
lace, of Steubenville, o A. b. Cornell. OF
Pittsburgh, and J. J. Speerman, OF Sharps-
vile, Pa.
A meeting OF more direct Importance to
Wheeling was held yesterday, namely, an
adjourned meeting Of the Western Nail
Association. Upon the preceding day
meeting had been held, but on account Of
the poor attendance nothing was done, and
an adjournment to the day following was
taken. The proposition before the associa-
ton was to stop all the factories for time
agreed upon, in order to reduce the supply
and keep up the prices. Thursday after:
noon and evening kilograms were sent to
all the absent members of the association
asking their opinion upon that question.
Yesterday morning the receipts were re.
ceived, and their general tenor was strong
ly in favor Of a short stop. In accordance
with this general desire it was agreed to
order stoppage of work at all the mills,
from the 18th day of January to the 10th
day of February. This older will be OBJ,
served by
All the Mills West Of the Allegheny
Mountains,
with two exceptions, one being the large
mill at Pueblo, Colorado, and the other at
Chattanooga, Tennessee, which last has
never been a member of the Association.
The nail manufacturers were not N owed to
| take this step in order to force prices to
keep an unnatural level, but because they
deemed it better to shut down for awhile
| than 10 submit to the whlms of their Gus.
| toners, who have been withholding their
| orders because nails were not reduced in
proportion to the drop in iron. Said one
| "Our customers think the $40 card rate of
| nails ought to be reduced because iron is
down TO IS. 25. We do not think so. Nails
have not been paying a particularly high
| profit for year or so past; in fact some of
| US have lost money. Now with iron at
| 1925 and nails at $3.40 we can make
| pretty fair profit, and mean to do it. Think
| ing that nails are sure to come down, most
| of our customers are Withholding their
orders, but their hopes are based on false
premises. There has been
NO over Production,
| and the stock on hand is not heavy for
this time OF the year. We do not want a
raise, but we propose to keep its figures at
| $40
In the newspspers.of yesterday il was
stated that the employees of the South ST.
Louis Steel works had agreed TO accept a
reducuon OF So per cent in their wages.
| / called upon President Jarrett. of The
| Amalgamated Association, who has lust re-
| turned from the West, and asked him IL
| the statement was true. He said the man
bad not agreed to accept any such reduc-
| ton, and in his opinion would not They
had agreed to accept proposition made by
the western state manufacturers for re-
| ductien OF 20 per cent, but hitch had oc.
CURED as to the time the agreement should
remain in force. The manufacturers want
the men to sign the contract for a wear,
but they are not willing to accent the re-
| duction for more than six months
General Negley, railroad man of this
city, stated few days since that while
East lately gentleman had shown him an
offer of $1,000 tons of
Steel Rails at s3s Per Tom.
This is by far the lowest price that b as yet
been heard Of, and is calculated To make
the manufacturers who have been telling
Us they could not turn out rails for less
L u.
was spoken to regarding General Negley's
statement and he was inclined to think
there was something crooked about the
price. He said: 81 believe can prove, If
time is given me, that there has been no
rails offered at $50 per ton. In fact, am
positive that the statement Is incorrect"
If the revival in trade that has been SC
confidently predicted by
The Prophets OF the Iron Age
is coming il will have to show its advance
/ guards pretty soon now. It is 4 noticeable
fact that nothing like the number OF or
ders have been placed this winter so far
that are Usually given before this. 1t has
been said the backwardness Of buyers in
making contracts was due to the prevailing
opinion that iron was sure to 60 much low
er, and the predictions for an extraordina
rily brisk spring trade are based upon the
supposition that the orders that have been
held back until the last minute will all b
roured in at once. Next week and the week
following il will give more OF clue wha
may be expected. BY that time the bnsi
ness of the old year will be pretty well set
tied up and dealers will be casting thei
Il r.. n