The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-26

These contracts were distributed between
the Federal Steel Company. the Carnegie the
Cambria and the Pennsylvania Steel Com
panies. Mr.. Shsarson. Auditor OF the Federal
Steel Company. said yesterday that his COM
pany alone had already made contracts to fur
nish 400. 900 tons OF heavy rails during 1900
and other contracts were under consideration.
Federal Steel Company Is only 100 900 tons as
more than the contracts already closed while
the contracts that have been practically made
The most significant thing about the con-
tracts for rails already made for 1900 Is tho
price per ton at which the rails will be- deliv-
ssa 1 Prss5SaIy all thee were
years In 1901 rails sold Tor $40 Is a ton. and and
T. 1s? the P fssf Tas st n lbs l9 ga
1s,6; s2757 in 1897: $is2l; in 1898. sis. and
n lSs,. sly ~; II was only few months ago
and the railroads are hurrying In their con.
srasts IL sea II Is estimated that
tracted for. delivery to be made during the
first seven or eight months q 1900
dealers In structural iron and iron sibing and
made from steel wire for future delivery has
Al the ofices OF the National Tube WORKS !;
was said that the demand for pipe Of all Kinds
the business for 1900 will exceed that
81 ssr' National 'F TS Sis' wo Tx
I: about i,o0o,oo0 tons and the mills
sstfn f. mall fftsoy 9wf
raw material they are able to iii their V Con- n.
and steel. however. are in a sad plight Build
ers have not been able for some month s to get
poses as fast as it was needed Tor u.s. and there
is hardly builder In town who has not had to
ask for an extension Of time on his contract,
steel to be used Ia the buildings,
As for ship building. tho Government or in
in any shipyard in this country. II the builders
we're rsGGr re l to begin work much before the
yesterday that every sSp6udnS Concern on
the lakes. for instance. without an exception,
has contracted the entire capacity OF its yard
Tor the whole OF 1900 and for the greater pa TT
The source OF supply for this enormous In
the States OF Minnesota, Michigan and Wis.
consin. The other ore fields in this country
hsS esH sdnE to the
y controlled by the Rockofellers, the Carnegie
and the F 80
any demands for the next twenty Ave years.
finest in the, world, except some Of the Spanish
and Swedish ores. Some excellent ore has
President OF the Federal Steel Company. tod
the reporter that until the cost OF Transportation
profit.
The mills OF all the principal steel plants OF
the country are being operated night and day
and seven days In the week. What is true at
tho mills 10 true at the mines and anybody
who can do the work required and who wants
work can get Job. The effect OF this condi-
ton In the trade upon the wages OF the
employed Is significant The reporter was
informed that, for instance. the wages
Of the 1900 men employed by the
National Tube Works have advanced within
UIe last year from 10 to 20 per cent. The Fed
eral Steel Company employs 22,OOO men. and
pays out annually In wages Sl6.O0O,OOO For
skilled labor the company has increased the
wage over 1898 by 10 per cent. for common
labor by ~ per cent, for miners - per cent.
and Tor the workers in coke ovens by II Der
cent Judge Gary said that II the present de-
mand and the present prices for steel OF all
kinds prevailed, there would be further ad-
Nances in wages during 1900, He said what
was true OF the Federal Steel Company was
true OF every other large steel producing con
Germ In this country. and that the other com :
panleS had made advances In wages as well as
his own.
Mr.. shsarson, auditor OF the Federal Steel
company and Mr.. Converse. President OF the
hatopai Tube Works. agreed with Judge Gary
mat there was no way at present to place 4
U s,a iimI on ne prosperous condition Of the
Use ihvestme nts and great many OF them
VI course. said one OF these gentlemen, If
right AAd Ut Of one kind and another, WITH.