Daily press. [volume] (Newport News, Va.) 1896-current, 1908-12-19
SURPLUS DUMPED ON FOREIGNERS
Gary A5mlts That Steel Trust Pro
duces steel Rats Cheaper Than It's
Competitors-Sells Abroad at Low"
er Ficures Than at home-Doesr't
Deny Price Control.


l.. 'IHlN, fN:tllildN tl lii'' i')tlh u
.'ir,c lors % the l"i:ri states Ste,
tr"poraiis;n. VS. IL" frs witness be
toy" III" W"ys anl Means cnnnir,r"
today. " hen The -r"'l schrdHl was
tax II ~. H.. had h"'H .'nl'!n'H1r".
iuH&" Gary said III" Init'd state"
!;,"t! Corporation On pra!rc' iron
al s'r"l materially cheaper han
mo; Of lis comh.ti'"rs.
H.. ."'in9tei ~" differences in
CO.; al about Go'a: ton
'nvut You h"licys i; is more han
a dollar tcn?" asked Chairman
PAYNE.
Il do" rorli"d .Ja1go Gary. "Th"
ccIprlat:uN. which has n decided adj
van'ao~ m the qualify and quantity
o. ore and IN a,'v:Tiae" in owning
it, own lines Cf TRANSFORMATION by
Jake and rail. can naturally mannfar-
tire Mig iron CHI arrr. 'hi:.k Their"
IS no doVtt that Inc differfn"" IS
more than -.
Cost In Foreign Countries.
1t hal hoen ties ified at previous
tariff hearing hat the United States
Steel Corporation can produce pig
iron at cheaper cost than most
ether steel companies. but informa-
lion as to the cost Of production
abroad had not been Gbtanab'e
Judge Gary testified that the cost
to produce pig iron in England is 5!
ton: that the lowest cost il III
nrraine district Of Germany is $50
q 'on and in other parts OF Germany
Sil ton.
He sad that elm; mating the profit
all along the line that entered into
the manufacture OF pig iron the cost
Of production in the United States
rs sl2G5 ton.
He said that the general manufac-
Enrcr could nor produce it for less
than sl5 ton.
Juds" Gary declared the average
cost Ct producing pig iron in all the
United States Steel Corporation
plants is $3.50 a ton.
Quality of Ore Poorer.
An important declaration was thar
the ore is now poorer in quality than
fcrrsrIy. ard that the cost OF pro
duc,ion is therefore increased
What percentage Of the iron pro
duc,ion is turned our by yo"r com
panv?" asked Chairman Payne.
l-CSt wear. fI.I t'ti vent "!
How much in 1902"
a little less"
Judge Gary said he would not lie
avcTse to Furnishing the committee
the figures for 1896.
Cost CT Rails.
Judge Gary was asked by Mr. Payne
20 Civ" the cost OF ma2ufacturinS
s,c"l rails. and CAV" the following
fgures for rail making by tho Ress"-
Nor process: The manIfac turing
cot o: pig iron for one ton Of Steel
rails S,j.cS: for the cost CT convert
ing pig iron into iIEo;s. s"%S: IT."
cost % converting iDgots INFO rails.
g.. -: for depreciation SIS: for ad-
minis ratiCn and taxes. s.Sl. making
total O! S2o&l as the cos Of pro
ducinS one ten Of sfee! rails
Judge Cary said that this COS; is
cheaper than the cost al which IN"
competitors o: N" s;c"i CorTWraiiO ion
ran proiacc rails He said ikat tn"
| = II States steel CorpCCat;C: PRO
duC"d about 20 PEI cent Gf tn" steel
rails manufactured during III" !as'
rvC years .iuig" Cay CAV" n"
uriCes Of rails in foreign C0rnlr."~.
The d0InC &c price IN Germany. h"
said is s2:2 a ION and the Export
price 81? ~: in Gr"a, B"tain S:7:S
and go 81: in FIaEc" tnrTc - a ~.
f,rcrc" Of IS
Dump Surplus o. r3rei -ners.
Ihov do ir r ron" as 'hor do
bore I'D 'kc wines They damp
their surpI"s III foreign markets
when business Is dr.Il in their own