The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1892-09-15
RECORD OF ONE WEEK
NOT 4 PLEASANT CONTEMPLATION
FOR THE M'kINLEv ipoLATERs.

Trust. Formed. Mills closed. Prices RaIusd
and Wages Reduced In ArtInclally stim-
uIated Indnstries-A very Startling
Condition.
It Is the claim Of protectionists
ridiculous as it is general-that
ton tariffs tend to destroy r
and trusts, to increase prd to
lower prices and to raise wd farif
ref0rmers take a different on all
these points and base their lnions less
upon theory and more upon facts. They
have recently called the attention Of the
country to list Of 100 tariff trusts, to 3
list of 500 wage reductions in protected
industries since October, 1890, to hum
dreds of articles on which both the duty
and the price have been increased. to
hundreds of mills and factories closed
by these tariff trusts to restrict produc-
ton. and to numerous other similar facts.
Readers of trade papers come across .
multitude Of facts on the tariff reform
side of this question. Here are a few
taken from The Weekly Iron Age OF
Aug. 4. 1S92-it should be remembered
that the greatest of all protected indus
tries is that of iron and steel manufac-
ture:
II publishes a list OF eight big iron and steel
combines and OF several smaller ones OF recent
date These embrace the manufacture OF steel
rails. structural steel, crucible and open hearth
steel. steel billets. wire rods. wire. wire nails
boiler and tank plates. arnaor plates. cut nails.
slabs- pig iron. bar iron. etc
II discusses the tactics OF the coal COM
bine.' which has advanced prices OF an thrncfte
coal several times during the last few months
and which VIII continue TO make advances
ff1ra..I 80 Hf~~.r
progression with the apparent II not openly
avowed design OF reaching certain maximum
say s. n ton for stove-'beforo the anow
nies'"
or course the duty OF Is cents a ton on e,itu-
ninous coal. which conapetes with anthracite.
makes Il easier for the coal companies To roach
"a certain definite maximum-'
IL says. The latest combine in the mercantile
world Is fur pool with SlO.000.OO0 capital. In
which nearly all the firms In the trade have
become interested" This q the George w
Trendwell trust. which has a monopoly OF the
seal fur industry OF Alaska. and also OF the
dyeing Of furs. and which can adjust prices IN
this country mp 70 the limits OF duty.
IL announces firmer and upward prices for
wire and cut nails and reduction Of 8 tol per
cent In the scale OF wages for wire drawing for
lsu2 and 1896 also that n large number OF wire
and cut nail mills are shut down.
IL says. The Continental Tube works az
franksfown. near PittsburR, has closed down
for an indefinite period" because ..the Arm did
not feel justified IN buying skelp iron IN the
open market at the recent advance In prices.-
.sss 9n sesSu9. CO., Of the depression in the Iron
atine the Isabeila furnaoe i, JSpAPy Ftnp % oPer- E
banked down one stack and will probably bank
another during the present week"
,o,s,.. aaaysson ton iape works. the largest In the
for an indefinits period !" ''-''s =. = sh1'ooWn
''The Dunbar Furnace company, at Dunbar.
Pa. operating the two Dunbar furnaces. closed
ants -sa an . s.ss, Saly ~ ior an In
present depression existine N ths rs.' IN, me
trade"
The Keystone Horseshoe company. Of Phiia-
s,ar s,,,d Ss-sse1 upon ca
ing which time the woSkmsn Concluded i5i: Ito .
make the required .'concessions- NECESSARY 70