davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
THE TRADE ~ CHICAGO.

Chicago Aug 25 CSpeciaD Wheat lost lisc 20 ltfc
to-day and closed at almost the bottom The weak
ness came from the Northwest particularly Duluth
Fine weather. better threshirg returns and pros
pect Of increasing receipts were the spring wheat
influences The volume OF speculation here was
small British and Continental cables were on
fraction No shipping business was accomplished,
although bids FOR No / Northern were SIN noni-
nally I.c over September. September wheat opened
at Ilssc sold between T'.c and 70.c. and closed 81
70,zGTtsc December sold as low az NC ana
closed at -,i4c To-nights prices jest aboc' g
under last SATURDAY Seaboard clearances were
So 600 bushels india shipments were $50" bushes
compared with $500 bushels the week previous;
worlds shipments Monday will b around sS'''
bushels or 800 90 bushels less than TIE Seek lTI-
vious. A decrease on passage Is anticipated. -ae
chances are there will be seine increase In the vss-
bic The Northwestern points to-day rad = caES
against &. cars a year ago Here there were =
cars against Isl The Northwest led tie selias'
here The marke, got considerably under puts ard
%c under puts at the close.
Corn was easy. the September losing isc, to
December Nc the May about holding i,s OWL
September shorts had evidently covered OF FFi-
day. There was no demand FOR that future t'--Ay'
The West selling IL. September sold from : -
sii.c bid and closed AZ Si-,c December closed e.
2s..c the May at 2;sc Receipts were 54 cars. wiz
so estimated for Monday Liverpool was siea1y'
eaboard clearances were no" bushels sh|p-ns
sales. most OF Il from the West. Aggregated 60"
bushels The seaboard reported 20 loads tor ex-
port The stock here has decreased about +""o
bushels this week leaving not over 10000 slsles
in public houses
Oats. all things considered. were stue9oFuy
steady. OF only hsGi.c. September closing az .-sS
December lss.c May Isqzli4c Receipts this week
have been enormous. over l.2n@n bushels. DIX
they have gone out about fast a. they aaNs
come in To-day's receipts were 81 cars; Non
days estimate $50 Sesboard clearances were NA'
oco bushels shipping sales from here iScn oushe.A
Flaxseed keeps strong for cash. because tne
stocks are practically nil Futures barely heli'
September s. 10; october. 81 Oh. December. s. 1os
No. Northwestern spot, lis II IS consesisa
cash situation. The crop promise Is good
Provisions easy. pork. lard and rios OF
about SC. September liquidation IS the !nhneneA
II Is likely 10 last through next week until snes
September l. The foreign demand is slightly in'
proved The stock Of ribs here this month has Co
creased nearly 10000 pounds
On the curb puts September wheat closed ~
Toe: calls. 7ohG7Oisc. Puts on December wheat
&c: calls &c. Puts September corn. ⪼
calls. 3lac Puts on December corn. &asc; calls.
2si1c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

,..,-.~ Rock Island 81, Paul Chicago Great
---s.,srr Louisville and Nashville. Missouri Pa
y,onue and Ohio. Northern Pacific and South
- ,,-.,sc Tennessee Coal and Iron had rise
- co,orado Fuel and Iron fall. Brooklyn Rapid
1>,s,.,, GAINED fractionsIy. Sugar Refining. too.
improved IN price.
3, Imbrie sold Sugar. E 3. Havens Co
- n Bissen & Co. sold A,chison preferred
,.ody Mcclellan & Co. bought Consolidated Gas
xy-,vla,a Trask and < c. Randolph bought
so-,b.r, Pacific. A. A. Housrlan Co. Q.5o0
o,s C;ro.sbeck & Sterling (2oo) bought Union Pa
o,ao common: H. Durand and z. c. Anness sold
6 worn.er bought Union Pacific preferred
rAe Livingston Il Co. and Halsted Hodges sold
yasch Ioev a Co. r. " T. Walsh and p. y.
c,,oylA bought Missouri Pacific: Mcintyre Ward
,,su and r.aienburg ThalHann Co. sold. r.
II Palmer bought erooklyn Rapid Transit; Day
a tIsaton sold J. II. Davis & Co. and ]. s. Bache
q 90 bought Atchison preferred: r. II. Thomas
Co lockwood. Hurd Co. and Jones. Maury
Co sold
Keech Loew Co. and H Durand C.o@ bong II
Union Pacific common: Sutro Brothers & Co. Qn0
aid Z b. Havens & Co. bought Atchison pre-
,e--ed c. A. Harmed & Co and T, L. Manson jr.,
a Co bought Leather common; A. De Cordova &
Co 1000 AMI A 3. Graves sold. Chauncey
brothers Co. and r. W. Savtn s. Co bought
Consolidated Gas. Keech. Loew & Co O.oO) bought
CON soda.ed Gas. ". b. Lawrence & Son O.oo)
and Fahnestock & Co. bought Continental To-
baco preferred: G. ". Carnochan g. Co. sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
THE OUTLOOK FOR THE HOPE NINE.

II I. Frank ex-MayOr Of Butte Mont. Of
the largest stockholders in the Hope Mine. is re-
rorted as saying: Under the new management I
have no doubt but that the Hope will prove TO be
one Of the greatest dividend paying mines in Mon
tana II has already yielded between 10000 and
s7oooD and have great faith In IT," Governor
Smith OF Montana is president OF the new company
((the Basin, Gold and Copper Mining Com
pany) Lieutenant Governor Spriggs vice-presi-
dent aud State Treasurer Collins treasurer. The
company has decided 10 place limited amount Of
the treasury stock the market at 81 20 a share
The money realized from the sale OF the stock Will
go into the treasury 20 rebuild the concentrating
plant and operate the mines Subscriptions will be
received by T. T. Holden a Co., No. % Broad-st
New-York; No. 81 Devonshire-st.. Boston. and the
Land Title Building. Philadelphia The Mercan-
tile Trust Company. No. 20 Water-st., Boston, and
the Knickerbocker Trust Company. New-York are
the transfer agents
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Transactions In stocks yesterday were on
fairly large scale. considering the fact thal 'He
Stock Exchange was open only two hours FI1ce'
moved very .rregularly. and the CLOSING He
ures showed about an equal DIVISION OeI"eVH
losses and gains. The trading was excepuohaAS
vsu d,s,rfbu.ed There was apprehension that
,ba hank statement would be unfavoraoIe' ouI
4, was not so construed, for its appearance was
followed by buying movement loss OF SS'o'-
3cO in cash was shown. This money was iost 10
the Federal Treasury. An increase OF sS'o'o'Voo
in loans accounted for an increase OF 30
aaa 100 IN deposits. and it also reflected the
larger speculation. decrease Of S2.1o3.e2o IN
the surplus reserves was due 10 the decrease III
cash and the increase IN deposits
There is no longer fear Of stringency in money.
The entire suituation is favorable 20 the stock
market. new development as important as
,ha boom IN iron and steel is the activity in
,extlles. Tie demand for drygoOds manufact-
ures is so.great that the mills cannot turn them
OH, with sufficient rapidity TO meet II, ana
nearly all cotton and woollen goods are 500 IA!
ahead. A fear that prices may soon he rA4std
induces merchants 10 rush ORDERS no" IVI
woollens for the spring trade Many Of the mills
are st!u working on heavy wooliens 10 De De-
livered this fall for winter business
There Is a belief that the syndicate which mas
been formed in NewYCrk 70 corner PRINT
cloths will soon buy million pieces. which VIII
advance prices to 2 1916 cents. There Is no
supply Of spot goods and Il IL feared bleached
cottons may become scarce soon. Cotton prices
have been slightly advanced. but not enough To
affect the distribution OF such goods. All the
STOCKS OF drveoods imported from Europe prior
TO the passage Of the Dingey Tariff bill have
been exhausted and this country is nov relying
entirely upon rs own manufactures. which are
cheaper and Of better quality than can be OBJ
tanned abroad. This applies TO cotton, woollen
and silk goods.
The usual weekly table showing net pTlce changes
in the more active issues follows;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
CHARACTER OF THE TRADING.

The trading in stocks yesterday less pro-
fessional in its character. The largest dealings
were In Aichison preferred. which. however showed
no net change ia price The large absorption OF
this stock has kept up uninierruptedly for a full
month. There excellent demand for Union
Pacific common the belief that tho directorx Mt
their meeting this coming week might declare a
dividend II. II also said that the director.
were likely to increase the dividend on the pre-
ferred TO make the rate per cent instead OF
Other railroad stocks in which there was liberal
buying were Chesapeake and Ohio. Burlington ana
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES MARKET.-The outside
securities market closed steady. Rubber Goods
common continues in good demand Standard OF!
closed at +la4s4. against 4sl9+s3 on Friday. Last
prices other prominent issues were: Amsterdam
Gas 25Hg35is; preferred. 5szdso Air Power. e5975;
Bay State Gas. 2aZ4; Amalgamated Copper, gass;
Havana Commercial. VG2s preferred ssassi.
Electric Vehicle. icsaiIl; Union Steel and Chain.
2sd3o: preferred. eSa7o; Rubber Goods. common.
s54Q36: preferred ss&1S
LONDON CLOSED.-The London Stock Exchange
was closed yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
no FEAR AS TO MONEY.

The bank statement indicated that there was
nothing In the money situation 10 excite alarm
I, showed that money not being taken away
from this centre. although there was loss 20 the
Federal Treasury. The increase in loans proved
that speculative requirements could readily be
met without increasing rates. The National City
Bank had an increase OF EiE3r In deposits,
which more than equaed the increase shown FOR
all banks in the bank statement. It's increase In
loans was s. 40 The tension In money az the
chief financial centres Of Europe has considerably
-elaNei
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
Charies.on-Buying.
Poston--Funds. par.

,-x r. rer 81 90 premium. charieston-Buyins.
ne. selling i-lec premium Boston-F unos. par.
Thfcago-l.r discount.
RANK CIEARINGS-New-1ork - kxcnanecs
s,sI I'd 40. balances sss5si9. Boston-Ercnanfes
Esg7 10; balances. E.IS.Iss ba''ii'iO'e
Ranges 81 So Ss5: balances. s5l5o1p.
~oprIc>c MONEY NARKET.-caM money In
london iizGis. per cent open malkeI ~. 81.
rate 81 per cent for short and 49, Pr "a,
long bills Perrin discount rate. =. per cent 70.
in exchange on London. % marks 81 piennlgs
Paris discount rate. - per cent -.
FOREIGN sECURITIEs.-French reh'es' 4"
francs.
THE SILVER MARKET.-Bar silver, % ~
Mexican silver dollars. E7sc- Bar silver III HOA'-
don, md $780, a..
GOLD PREMCM.-ln Madrid ZH' LAsOo"' ~
Buenos Ayres -4sl; Rome. 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
IMPORTANT SALE OF STOCK.

I. Is reported that negotiations have been closed
for sale Of all the Oregon Railroad and Naviga-
ton preferred stock owned by the Northern Pacific
Railroad Company 70 syndicate acting In the In
terest OF the Union Pacific. The Northern Pacific
owns about one-thrd OF the stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
THE DAY'S,OPERATIONS IN BONDS.
GOVERNMENT 'BONDs.-Market steady. Final
quotations follow.
quotations follow:

RAILROAD BONDs-Market firm Total sales
amounted In par value to sJis0co against & 1890
on Friday. The heaviest dealings were in the
Atchison issues. Baltimore and Ohio IS Chesapeake
and OHIO general iAs Detroit City Gas S. Kansas
City, Pittsburg and Gulf lists Missouri Kansas
and Texas Dds. Mobile and Ohio general As Norfolk
and Western 4s. Reading general As St Louis
Southwestern lists. Wabash debenture Bs and West
Shore Is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
MONEY AND EXCHANGE.

MONEY RATES.-Money call, per cent The
time money market quiet al per cent for sixty
days per cent for three months 4Q4h per cent
for four months 4q4tz per cent for six months on
railroad collateral. and above on mixed collateral
Commercial paper rates were +a4h per cent for
three months 4dfIl per cent for four months. and
fu4lz per cent for six months for the best names.
and above for paper not so well known.
FOREIGN EXCHANGE.-Market firm. Actual
closing rates follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
INCREASE IN STOCK.

special meeting Of the stockholders Of the Colo
RADIO Fuel and Iron Company has been called for
September q 20 consider proposition for increas-
ing the company's capital stock from $4,000" TO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
STOCK EXCHANGE SEATS.

The following Stock Exchange memberships are
posted for transfer: A II. De Forest deceased 10
Bernard NJ Baruch. Henry fvison to Andrew '.
Stout and McCoskry Butt 70 z. Hope Norton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

DOMESTIC NEUTRALITY-SUSPICIOUS. - Com
mercial, discount: bank. Oc premium. San
Francisco-Sight loc; telegraph. lrlc. Cincinnati
Over the counter. Dc premium; between banks. &c
discount. Ssyannah-Buying, 1-iec discount: sell
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
STOCK PRICES IRREGULAR.
A FAIR BANK STATEMENT.
A BOOM IN TEXTILES TO MATCH THAi
IN IRON AND STEEL

Closing prices yesterday OF tne pfi"Op 49,.
tive securities and net changes Hoin
last sales were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
financial.
BANKING HOUSE
HAICnT & FREESE.

New YORK. 53 broadway.
Philadelphia, sO2 walnut.
Boston. SIS state street..
orr Offices being connected ty
PIRATE afres. enables rs 10
promptly execute orders for IN
VESTMENT or on MARGIN 3
to- per cent. on The NEW YORK,
BOSTON and PHILADELPHIA
EXCHANGES.
Write or call for our "$oo-PAGE SECURITY
MANUAL" containing the information rseded
10 deal IN securities probably, with reports,
divtdends and prtces for 10 10 30 years. issoee
gratis and mailed free. also Stock. Grain Are
Cotton letter. Government Municipal snd
Railroad Bond Quotations furnished on Aopls-
cation for purchsee, sale o. exchange
Uptown ofioss iia3 Broadway. ssas - -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

The Clearing House statement for yesterday was
as follows: Exchanges. seiom.540: balances. s.
S3fg7 For the week: Exchanges. S72.s3i42; bal
ances fH7y7gs against exchanges last week OF
81 5ie7ss. and balances Of So 5a17Z
The following the changes Tor the CORE
spending weeks o. the three preceding years; 1855
Loans Increased & 34s 90. cash decreased $50
SO deposits decreased H0s.io. and surplus re-
serve decreased ris5 so. l47-Loans increased
e. rs 30. cash increased 1880 deposits increased
~; so and surplus reserve decreased sz5,I50; lss-
Loans decreased u19s0. cash decreased D.07.-
80. deposits decreased ts,5s3.sp. and surplus re-
serve decreased 1850.
The following table shows the bank holdings on
connective dates.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

SATURDAY. Saturday. Net
l Aug. 10. Aug. %. change.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
SALES AT THE STOCK EXCHANGE.
RAILROAD AND OTHER STOChs-

I--Actusl ss.ss--i-Cioting- sns.rs
irr,.- f;ish Low Fin BID. Ask soll.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

TIE following shows the relation between The
total reserve and the total deposits on the respec
tive dates
~. Changes
Sp~cis Si15tlo-p sllS.sllvY Dec e. 80 lvD
Legal tenders. "A % 80 oi55l3" Inc Zc$-b
Total -ese-. sc77 so coo 1928 900 Dee se7o.aoo
sra,ns, dspo.ts 2i2 500 70 2i4oss 775 Inc I7ss5z5
surplu. ...... ti50ses5o r2s7s525 De-. '2.7oo.s25
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
STREET RAILROADS IN OTHER CITIES.
BONDS

BANK STOCKS.
CRepo--si BY Clinton Gilbert. No. waii-st)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

OUTSIDE SECURITY MARKET.
STREET RAILROADS IN THIS CITY.
reported ~ c. l. Hudson Co. Nos. - & % waii-'9
BONDS
Div When
dend payable Bi9. Asked
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27

fponars yer share. TEE aividena.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
THE WEEKS BANK CHANGES.

The following table shows the usual comparative
afernsn, OF hank holdings:
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-10-06

Philippines. Still it is no more in
consistent for them to believe one
way on this question and turn to a
man who believes another, than has
been the course of their party in the
past. But the desire of the New
York World and Times, and the ST.
Paul Globe, and such papers will
hardly be realized Bryan has a hold
upon the party organization. which
they will hardly be able to shake off,
and even if they were able they could
hardly get that element to forego the
framing of platform, and that plat
form is one that Dewey would not
stand on. The Philadelphia Times
says the only way they could elect
him would be without a platform.
But this, as the Minneapolis Journal
points out, would be an impossibility,
as the Democratic leaders of the
Bryan-Altgeld stripe would hardly al
low an adjournment of their conven-
tion without exploiting cheap money
and consequent reputation, anti
expansion, free trade, etc, 1t is hardly
probable that the attempt of the New
YorkWorld to lift it's party out of the
mire through Dewey's popularity will
succeed. He has already indicated
on several occasions that he preferred
the admiralty to a presidential nomi-
nation. and also his desire to see Presi-
dent Mckinley reelected.
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-10-06

The ruling which Judge Severance
has made in regard to the city charter
in the mandamus proceedings leaves
the city in most pitiable shape, and
entirely at the mercy Of it's council
should that body see fit to exercise the
power which the Judges ruling inter-
prets that it has i'll the financial affairs
of the city. By this we do not infer
the present council, but any council in
general, that may sit while the present
charter is in force The Free Press
does not profess any legal learning and
so will not attempt to discuss the char.
ter nor the ruling in that light, but it
must be apparent to all that Mankato
never so much needed new charter as
it does today. With the utter disre.
gard that has been paid to its provis-
ions in the recent past, and the rulings
that are now made Interpreting its
meaning, the city is certainly put in a
position of helplessness where some
move ought to be undertaken that will
bring relief. Perhaps this is needed to
awaken our citizens to full apprecia-
ton of the state of affairs existing, and
it is to be hoped it will arouse them to
point where they will demand new
charter that will clearly define the du-
ties as to all city business and protect
all interests.
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-10-06

The presenting of Farraguts adj
mirars flag to Admiral Dewey the
other day was most gratifying thing.
Farragut earned the admiralty and the
blue ensign by run that had in it all
of the daring that was embodied in
Dewey's daring deed at Manila. More
than this was it appropriate that the
flag should go to Dewey for the reason
that he was with Farragut at that
time, and in his daringdeed at Manila
he emulated the daring deeds of his
old chief and showed that the lesson in
daring given by the great Farra-
gut did not fall unheeded upon his fol-
lowers. The admirars flag is in good
hands,
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-10-06

his concern is made, sold q short
tine ago for q cent and half a pound
now the manufacturers of 1t refuse 5
cents, and that they are not members
of the combine, and this is said to be
the experience in other lines. The
fact is that there has been for the
past few months and exists today an
tremendous demand in all lines for
commodities, and such demand al
ways increases prices. 1t will be in
teresting to note the result OF Mr..
Wright's inquiry as to how much
combines have aided from selfish mo-
tives, this advance. That they have
in some instances there is little or no
doubt.
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-10-06
OUR ADMIRALS.

Speaking of our admirals, their
rank as compared with the army, and
why the office has been erected, the
Minneapolis Journal says:
The rank of George Dewey is that
of admiral. 1t corresponds with the
rank of general in the army. The
rear admirals, whose rank corresponds
with that Of major generals, are f. V.
McNair, superintendent of the naval
academy at Annapolis ohm A. Howell,
president of the examining and retir-
ing board, Washington; w. T. Samp-
son, commanding the North Atlantic
squadron, flagship New York; Winfield
Scott Schley, on waiting orders at
New York; H. L. Howison, command
ant of the navy yard at Boston, and
Albert Kautz, commanding Pacific
station, flagship Philadelphia.
David G.. Farragut was the first ad-
miral in our navy; David D. Porter,
second, and George Dewey the third.
Only these three men have borne that
rank in this country. The Office Of
admiral was not created for our navy
until the second year of the civil war,
when it was first conferred upon Far,
ragut. The rank of admiral was con-
ferred upon both Farragut and Porter
for their brilliant services during the
War of he Rebellion-upon Farragut
for his achievement in the battle of
Mobile Bay, while Porter's most dis
tinguished service was rendered at
the capture of Fort Fisher, where he
commanded a naval force consisting
of thirty-tive regular cruisers, five
ironclads and reserve of nineteen
vessels. 1.-The most formidable ar
rnada," said General Grant, "ever con-
centrated upon one given point" Far
ragut died in 1870, and Porter in 1891.
With the death of Porter the office
was extinguished, but was created
again by act of congress in special
recognition of the distinguished ser
vices rendered in Manila Bay on the
1st of May, 1898, by the man who to-
day is the object of greater demon
stration of admiration and regard
than has ever been manifested toward
any American.
The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1899-10-06
THE ADVANCE IN PRICES.

There has been great deal said of
date about the way the great corpora
tions have put up prices, land the mat
ter is all laid to the trusts. Any one
who takes a practical view of the
situation. will at once recognize that
much of the advance is due to
natural causes. The price of labor
everywhere has been advancing, and
the raw material in all lines costs
more than it did few months ago.
The fact is there has of late been an
unprecedented demand for most
everything in the line of manufac-
lures, and demand always brings
about an advance in prices. TheSioux
City Journal claims that from all the
reports that can be obtained, scarcely
any of the products consumed by indi
viduals have advanced in price in pro-
por tion with the advance in wages.
This, of course, is undoubtedly tigur-
ed on the average advance made in
each case and II correct is to the ad-
vantage to the wage Garner. The
move which Carroll d. Wright, of the
labor bureau at Washington, has in
.stituted, in gathering statistics and
other information to show how much
OF the advance in all lines is due to-
natural causes, and how much is the
result OF combines is a most impor-
Gant one and will no doubt afford
much light upon the subject, and give
some idea Of the influences at work in
this upward trend of prices.
In regard to this upward boom of
prices, one of the principal articles
quoted to show the great, and it is
claimed unwarranted, rise is that of
steel rails. A few months ago they
were selling at SIS per ton, now they
are $33, and the trLs smasher tells US
that it is simply TIE work of the
steel combine and is unwarranted.
But they forget to add also that
when rails were quoted at SIS, old
rails were worth as pig iron So per
ton. and that now they sell for S22
ger tor, so the increase cost of the
new rails is only 81, which doubtless
largely represents the increased cost
of labor. And in this same line the
president OF a large manufacturin g
institution is reported as saying that
9he steel from which the product of