The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-13

crFrAGo. .Fsb. IA special 10 the
- go Pifssaurg says, The reported
=. II this CRY OF President Gates. OF
- frlnols sxee. Company. Is regarded BY
t,n~ rspn a. . matter % the very high
= s-r-orfance ara a. eo1flrnatory OF a
- vsfeh has hee1 81 circulation
1000 the heavy capitalists o. the from
s~susfyy fog some days pa8t. that a COM
ss.sflsu s. Ia progress of formation FOR
a. oraanixation o. me greatest Industrial
- Of modern times
sgee story goes tnaE CaTBegle. Rockafel-
A. nna J. PfsrDou1 Morgan have in vle8
e. elimination OF a gigantic monopoly
o. me coafrel % the iron producing inter
80 o. the United States.
+. l. fact not Eeaeraay kGown that
a. control N the Tlls0ss Steel Company
a. loaxed 81 the house o. J. Plerg0at
gerggn the last year. a syndicate repre-
egntes ~ him having acquired the holding
- me Scotch ard Massac nasetts ca pi-
saasts. who gave them a majority OF the
stoeks and bonds % the company. Con-
srcl o. this great company vas obtained
a very .ow figure. owing 20 the hard
zines add shriukags N business, bat the
~ zhO pot their money into the concern
have snslmited capital and are vel pre-
psrsd 70 stand any kiud o. a sweat"
According % the Post Rockefeller, Nor
Ear and Carnegie we're IN an alliance with
= aalf dozen or more small concerns In va
roas Industrial centers. and felt that they
~sre being handicapped hy the partner
ship AL az once tails great iron producing
oomhustion went 10 pieces, and heavy
coucerns proceeded 20 mark prices down
3 ard s. per cent, making enormous con-
usefs with the railroads. and other Gus
toners at figures that we're simply para
hzlng to the smaller concerns.
Within a period OF three days 81 has be-
come evident thai the Hght was one which
voaIi end in the survival OF the fttest."
sa4 Il Is now plain 10 the world that con-
esrns that are not very strong will IA the
course Of time have 20 go 10 the wall or
suffer themselves 20 be absorbed by the
heavy weights IL is a freeze out game"
rsre aud simple and that is what the
iron iatsTests and the bankers OF Pitts
burg believe to be under way noB In the
fgs fcid.
Heavy Railroad Orders.
CLEVELAND. Feb. I2-The Iron Trade
Review this week will say:
Though not like a bolt out % a clear
sky-for the clouds have been plentiful
a. kte-the announcement that the steel
raA pool had gone 70 pieces shook the
iron trade profoundly. IL meant the
sweeping away o. the chief hulwark OF
af atfEa AAtaAa&aAA At-AA AraAAArA a. NAtftlk-
hes struggle for supremacy and the be-
~ that the giants are now willing TO try
Exclusions ia an open field eXcites the
L.eiiesi speculation as 10 the outcome.
To- effect Of So quotation by an East
En- mil was % make that the agreed
price at the adjournment OF Mondays
Pitssurg meeting with 81 as the Chi
GAO basis. Rut on Tuesday Il was evil
deut that continued agreement was Inn
tu0ns have gone as low as 81 at the
psnasylyaulA mill in response TO low quo
t2aaas la The Chicago district
That the railroads viii appreciate that
a. present opportunity warrants the
s.ai0.Bf ~ q point 20 make the neces-
Esry financial arrangements 20 buy now.
s. q natural Inference. Two sales already
ported are a. 300 tons 20 She Illinois Cen
IT, IS the Illinois Steel Company. and
Asa ,aes 10 the santa r. by the Car
n2s.e Steel Company. both reported at
aloui Sc az tho mill.
Tae extent ot the complaint by railroads
O. ihe S. basis would Indicate q desire
g ouy b8t Tor the prices and with the
s,me.1s the market viii receive from the
3 niaE 81 raN orders and the accom-
Ie5.ng tonnage OF track supplies. Il IS
oily reasonable expectation that the
ttfi wiN come which has been so long
delayed.
Rails Jump fo Sis.
FlFTSBD re Feb. ts-At o'clock to-
e. the Carnegie Steel Company an
bounced thar the price OF steel rails would
: raised from y5 90 SIS Il Ton. the stiff n-
n io price being caused Is the heavy
emaua. IL s. estimated that the mills
sfea} have booked orders sufficient 70
49, taam running steadily for several
E}nias. ElFinE employment 10 thousands
e i3le woramen.