Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-02-12

Onicago, February lin an article
So ,9 iron ore situation, the Tribune
says The iron ore ASSOCIATION which
mas controlled prices and fixed the ONT
put Oh Lake Superior iron mines stands
ulIec''y in the track of the cyclone
"ui'n mas swept away every combina-
uOn and pool in the steel trade for the
O'''s'on OF business and the mainten-
~nce OF prices. What the Rockefeller
os'"esle combination viii do in the
0'e pool viii become manifest within
= fortnight The first announcement
p salu' VIII 0e in the shane of LARGO
- o4 ore for delivery daring the COM
--s season of navigation wirhout TO-
s@lu 10 the pool Even more fmporr-
ant imam the collapse of me Steel rail
-, VII oe tae termination of the ore
pool 10 win mean q Terrific war rD
prices by an the Iron mining comnar-
VI Noi'nelh Michigan and Mime
a Ainous some there is serious
eeos',oA u the IRON Gre pool has not
an ea0y some. ln pre-. iCUs winters the
--~Se superior region had been allotted
ana prices uXed long before this time
III FeofCary. AS yer no allotment has
oeen made and no prices fixed for the
coming season. Meetings have been
heId IN Cleveland. but they have been
IrWuess I'M reaching an agreement. On
an sides the sentiment is general that
the ore pool cannot bee saved. and idenJ-
lcaLy that the same Influences which
have wrecked every iron and steel COM
blnauon nm existence az tte beginning
OF the year viii prevent the iron min
ing companies from reaching an asree-
ment.
In the war the two great companies
Will be the Minnesota Iron Company.
with headquarters I'm this city. and the
Lake Superior Consolidated mines. con
UOllcd by John I'D. Rockefeller Both
operate in the MoSaba range. above DU-
luth, IN Minnesota, although the Min
nesOta company has heavy interests liz
the NermillOn range also. Their rail-
roads reach i'm the same region and
some of their properties adiOiu each
other. Further TO the westward is the
MabOning mine, owned by Pennsylya-
MIA iron manufacturers. While every
range i'm the Lake Superior region Will
be vitality affected by the outbreak of
bOsuhties. the battle ground will De
the Mesaba range, where the leaders
meet.
President ID. H. Bacon. OF the Min
nesota Iron Company, says that he
knew of no agreement covering the out
put of the mines or prices for 1891 lie
expected q larger demand iOI steel and
perhaps an export trade. This would
certainly call ON the mines for more ore
All Mr.. Bacon would say regarding the
impending struggle in the ore trade
was: There are 100000 tons of ore ia
sight in the MCsaoa range. The Rocke-
teller holdings either i'm fee or under
lease. including the fee of the Noun
tain Iron Mine. which has been recent
o1y leased Co the Carnegie steel Com
pany. no doubt apur0Nimates lOo.UVo.-
600 tons Tho rest is held by people
who have no connection with MT
Rockeselers interests. Two tons Of
iron ore can be mined now in the Lake
Sunerior region for every one that can
be sold. over TWO tons OF steel rails
can be made for every one used by the
railroads Tic is lhis unlimited Capac-
itv which win give such 30un0less OPP
p0rtuuity fer warfare. Either OF the
great companies ON the Mesaoa range
could flood the market with ore once
the contest has begun.
One marked eliec, of the collapse OF
the steel pool has been to stop all talk
about raising The tarlu on IRON ore
irOp/and Steel
Bittsburg manufacturers are report
- os NOT disturbed by the report that
Tho Merchants Bar lrOn Association
has gone the way OF che ram poo. d.
10 ssid the efforts of the association to
maintain prices had been meuectual
frCm the time 10 was organized TWO
,-oors ago The Pitysburg bar mill
ov,ners refused 10 join the association
o,5 made IL difficult it was asserted
60 tba 0reauized manufacturers to
-,,ointain their compact. The assOcla-
$50, included all the mills I'M the Ma
boning and Shenaugo valleys
pi-tsburg. Pa. February Ian
s,..,,, Carpegie arrived I'm the city iasl
Di~bt and is the guest of Fl. e. frick'
re accomDauied Mr. Fric6 20 the olll-
0F tine Carnegie Steel company.
'.osc5i,q there about g q. m. MIR. Car
I0t''' ~ tra busiest man i'm the city
I ISS rbe forenoon. and held consuIta-
- with the heads of the d'IeFenl
lsiC - lie declined 20 talk ON
, uSl'' ,-orious rumors i'm circulation as 10
bis fntrre movements.
+. il known that he is here to map
ont some plans for the ram business , ness
- tine dissolution OF the ran poor
81 So i also consulting with his partners
oD the ore interests of the large s'ee-
vi Ii is reported I'M the city
49, the acknowledgements ore m
t nc, will not recognize the poor
S-,cos and this. it is believed. VIII cause ..
- 'C abandonment of the ore pool. me
Sact has become well known Inal, WIZ" L..l
lee' ,,S, , possessed by these ore
e o-,1 steel magnaJes, they can underse"
all competitors.
po,orts from Chicago say that the
C.rnseie ageuts are quoting steel rams
en- a ton. and there are Indications
81 further drop of prices. When Ihe
- rrice for rails last November was
sSS ton i'm the United States the Car
80 Compauy flled a large conSL9cl
u sgaa PATHWAY