The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-12-02
NEW PRICES OF STEEL RAILS.
THE COMBINE CAN USDFRsELB ENG-
LAND ON 7BIS COAST

| Even Uuaer the wusor Biti. hot Not n. the
| PaeInc Coast nnd the Guli-As % lror
| Rpnmr, Carnegie MAKES the Price, and
| Competition Has - Hard Row TO hoe.
Alter many meetings and discussions that
! aroused much acrimcny. a now steel.rall COM
| bine has been formed. and the prices for the
! coming year have been fixed. Tho schedule
was not fixed under written agreement. but
| is what is known as an understanding" be-
| tween five great concerns. representing nearly
$500 100000 in capital and Investment. The
schedule is as follows:
Eor .,ssi r.. =. TIE MILL. 1saiins Pittsburgh '9t 90
For steel rails NJ tidewater - 30
1t NAV be stated that all representatives at
the last meeting. when the combine was
formed. are satisfied that oil will hold to these
figures. The concerns represented are the
Cambria Iron Company. the Carnegie Com
pany. the Iacknwnnna Iron and Steel Com
pany the bethlehem Iron Company. and the
Illinois Steel Company. These concerns COM
posed the combine formed three years ago to
end Jan. /. 1874. The new combine is for the
coming year alone. AZ the prices are fixed. IL
will not be troubled by com petition from for
eign manufacturers under the new tariff bill.
except on the Pacific coast and in the Gulf
markets.
The Wilson bill fixes an ad valorem duty OF
% per cent. on steel rails. English rails now
worth SIS would. therefore. cost S2L75. laid
down In New York, including freight and the
cost OF handling. This price would probahly
he triie higher. but as matters viii stand
" the Wilson bill IL passed. the com bine viii
be able to meet all competition from the other
side. except IN the districts named.
Pacific coast under the new lariff rating. be-
cause OF the advantage in freight rates The
combine cannot meet the freight bids m ade
by ocean carriers from England to San Fran.
cisco. Tho same IL true OF the Gun markets.
Cotton steamers will take return cargoes Of
The last rail cgmhne fixed only the sllot-
ment OF product for each of the i've concerns
in the ,le4l. several weeks ago, as THE suy
told. Mt Carnegie made n cut Of 50 in the price
with the intention ct forcing the other CON
Germs to come to him for terms under which
the new combine would be- arranged. He was
INN edlately met 10y one OF the com pantcs with
cut Of y. and then he quit several long
Carnegie was willing to enter the newtombinc
on such terms as no could get with the consent
OF the others. The fight has finally ended in
an amcable ADJUST mpnt Of all differences and
40 agreement which will last during the years
Mr. Carnegie. however has kept the manu-
lacturers OF structpral material in u state %
Worriment; they have no combine Ike the
cutting the prices on beams for more than y
year. He has been able to do this because OF
cet tam advnn tngeS In the way OF manufacture.
He has made study 81 lauor-savins machin-
cry. aud in his mills at Pittsburgh may he
found the latest results Of eNperim ents in this
line; 1t is generally understood that the Car
negie mills can turn ont beams at lower prices
than auv concern io this country. Mr.. W. q.
FayeTweather. Treasurer OF the Passalc Roll
Ing Mill Company. admitted this much yestcr-
gay me sa,d mat the IN, maTSst now i state
y law manufacturers OF beams would rroha-
bly, be ComDellel to close their mills under n
schedul" by which Englioh beams could be
landed here Mt | = cents. The mark ct prices
now are u trife above that figure.
On the other hand. Mr.. Ahram s. Hewitt Of
Cooper. Hewitt Co. says that the now tariff
hill Will not iniure the manufacture Of beams
In this country or any other branch 81 to ironh
50 far MS no has been able to discover.
lie saws that Mr.. Carnegie has cut tho prices
until the market for beams would not he af-
icctad by imnortations under the schedule VI
tho Wilson Dill