The daily gazette., 1882-11-24
WAGES AND THE TARIFR
WHERE IRON AND STEEL MEN
DISAGREE.
PLANS OF THE STEEL woRKIRs,
The Depression a Move TO Affect Tarif
lie Eislation and Made In the Direction
of Lower Wages.
plspntch 10 phil, rImea !

PIDT5BURG, Nov. 23.-The situation Of the
| iron and steel trade is still the absorbing
topic here but the manufacturers are nof
apprehensiye Of a general closing down and
on the contrary look for a good winter and
spring trade. Joseph NJ. Larimie, manager
OF Jones q Laughlin's iron works, in answer
| to question as TO what he thought Of the
possible effect of the reduction in price OF
| Bcsscmer rails and the freely uttered threats
81 closing tile mills upon kindered industries
! In iron, said that he did not think it would
seriously affect 1t. The demand for bar
iron, used in cars, engines and other rail-
way outfit, is very good at this time tsThe
American Iron Works are running full In
AL departments OF iron" said Mr. Larimie.
Prices are little weak in sympathy with
| steel, but we do not apprehend any great
trouble, because we attribute the late de-
velopments In steel entirely to over produc-
tion." -
Are you not dealing in steel 20
I'VE are not large dealers in steel II Is
somewhat effected in the lower grades. The
finer or crucib!e steel has not declined IN
price or in demand, The decline is all in
the material used in making Bessemer steel
If the steel mills of the West shut down
more than 10000 men will be thrown out Of
employmcnt,and this would have tendency
to lower prices for labor; but this would be
in the end beneiit.'
MORE rRETENsioN THAN FACT.
"How much honesty is there in this
trouble among steel men and In the tbreats
Of closing ~
II think there is q great deal more pre-
tension than feet in it. 1t Is thought to lie
movement to affect tariff legislation this
winter and disposition to force down the
price OF ores. The ore producers have been
and are receiving good prices, more. per-
haps, than is justified by the prices of iron
and steel products. If we have To
reduce the price of iron then ore and labor
must suffer in proportion"
would the reduction in the price of ore
be benefit ~
at would be benefit in the end. The
iron men arc now particularly apprehenslye.
They take the assertions and threats Of
closing by the steel rail men with several
grains oil allowance Goods made OF iron
are now very low in price. There is not
much room for reduction. If the price of
iron Is forced down it will operate 10 the
detriment ofthe iron interest. For example,
at the beginning of the strike, June /, iron
was sold from the store here at So 40 to
500 rates. During the continuance Of the
strike II advanced to S2.7O and So.
Since the mills have been able to catch up
on orders and put illtie Iron in stock prices
have gradually worked back to the rates
on June /. This shows that production Is
full and gaining 9 little on the demand.
We don't expect it to go much lower, prob
ably little. If we have seasonaole winter
think the demand will be sufficient to about
even up the production until early spring at
least"
"Haye the iron men grown any more con-
servatives since the commencement OF the
troubles"
y good deal of caution is used in creslits. !,
The collections are good and the country
seems to be in good shape"