The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-16
STEEL BUSINESS.
l'cllaire Compnny's Withdrawal
From the Pool
WILL INCREASE IT'S BUSINESS.
a Number Or Cleveland Firms Have Or
dcrod Heavily From this Concern-Msn.
ufacturers Outside tho Combine viii Sec
that tho srcrdlng Company Is Given
Plenty of Ortrr.-Why thu Hellsirc
Company Withdrew From tho Pool.

IN ono week an entirely different
aspect has been put upon the steel SIT.
uat'on, says the Cleveland Lender. The
attitude OF Industrial organizations has
been changed, aud the occusIon for
new combinations seriously discussed
has entirely disappeared. Prospective
events have vanished from view like
picturesque clouds.
But activity has superseded upprc-
hcnsion for many OF the finishing
mills. TO use q story book figure, the
giant which they feared Is PROSTATE.
The events OF the last few days by vir-
tue OF which the steel pool Is to all
practical purposes collapsed involve
millions OF dollars to great p]roprietOrs:
they also involve employment for thou.
sands " w~Orkingmcn.
business activity In all the range ot
influence Of the steel pool, It II brllev-
ell, will be accelerated by che conflict
which the stricken Bcsgcmcr Steel AS
~SociatlOa "a said, by the Pittsburgh DIS
patches. to be promising. By these re-.
ports the association ~ given credit
for an Il Intention To drive tile RclllIre
Steel Company ont OF business for hlv-
ing hy It's withdrawal from the pool
broken NJ shC uniformity OF prices.
III this struggle there promises tn be
n lining up az forces, II the mcmbcrs
Ut the association do IN any cncnctlvG
mnnner attempt 20 work In unison Tor
the discontinue Of the seeding mem.
her. White support from the finishing
mills which have been vltallv benefited
by The action Of the Ohio Valley con
Germ may not be pledged, yet 1t Is the
expressed inclination OF u number OF
these mills to favor the company which
broke the pool, ana thus 20 see that II
keeps OH Its feet. The step taken by
the BcllIirc company provides jus,
what certain finishing mills outside OF
the pool desired 10 secure by Joining
to erect a steel mill OF their own IN
common. Thus. In n sense. they are
inclined TO took upon Che Southern
Onto establishment as IN Interest OF
their own.
Since thc Pittsburgh ihrrc-day Srss.
lon Of the BcSscmcr Steel Association,
when an attempt was made 10 bring the
disc9ntcntrd member back to the fold,
Il Is said" the market will he open" In
other words. say the steel men, each
establishment viii act Independently OF
all the Others IN making Us prices to
prospective purchasers. But coupled
with the statement that the market
would hc open. Is another that IN" or
CamizattOu OF the association will hr
maintained for the purpose Of waGinS
the way mentioned.
This doesn't amount 10 II row o!
beans" said an official IN n company
affiliated with the association, to q re-
porter. The pool Is broken. The dis
COnttntCd cOmpany cannot be made 70
come back. and that Is enough. The
maintenance OF the organization viii
be OF no effect"
The ground OF dissatisfaction on the
part O, the Rcllaire Steel Company. was
that. under the circumstances. Il was
virtually silcn"ed bv being a member
Of the pool. When the association was
formed, the mill had been idl. for n
year undergoing improvements. and nj
the time had no customers. Although
II was given 4 fairly liberal percentage
in the allotment ~ IN" country's pro-
dTCt!nu OF Brssemcr blllrts. the estnb-
uShmont OF Il uniform price gave II
no opportunity to bid for trade. \ few
svmpn thctic orders were given. but chs
mill was virtually kept out Of business.
THIS grew tircsome. and discomfort X
pressed NJ the New York meeting cul-
minntod in the withdrawal; from th4
pool 4 week ago. Cleveland mills
bought heavily OF Brlllire las: week.
Since the market Is again open. a
number N problems are wiped off the
slate with one stroke. The discrimina'
ton against Cleveland Il no longer q
cause OF sorrow to finishing mills out
side Of the pool. Wirc manufacturers
may get staples at figures which vii
make operation profitable.