The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-02-23
CUT
IN PR|(}E:
(|F'. Steel.
PRODUCTS

fFtN Aofh, Ntu. III WNn Ahnvui'
ccd today that Chicago vas 20 be
The steel price bsslng center Tor the
entire MeSt This means thaa tha
Steel Corporation win carry the price
war iilectly Into the enemies terri
tory Independent manufacturers IN
the West have heen persistent In nn-
derselling the combine, and the max
Ing OF Chicago the center Is regarded
as q development indicative OF siren
uous contest Prices al Chicago may
Be made Independent ol Piilabufg
prices where The steel trust controls
the situation High authorities In the
trade are inclined TO look for some
what ptotracled struggle, due 70 the
fact that oriers taken at the low prlc
es viii have 70 be taken f0r long per
iods.
il "a expected That The price cuts
made by tue steel trust. no matter
how radical. win have TO be guaran.
tued for the future by the steel trust
10 induca consumers 10 buy as chanc-
es tor continuous reductions win in.
daee them TO hold Oh hoping iol rock
bottom prices.
steel Pals are Cut
steel rails have been cut 81 a ton.
Reports we're current that contracts
haze been taken By independent pro-
iucrs at s25 ton, as against q price
of SIS, which has been maintained
i8iihout break for eight years or
since the Steel corporation camo 'n-
to existence
Three Pennsylvania mills an aone
New York rail MIN are said ic have
booked 10000 tons at the 30 price.
All rsil orders booked slnce The open
ing 81 the year have been condition
ec upon paynent OF the prices ruling
al the tlnss Of shipment Hence the
reduction III prices affects hll rails
thar ave conditioned for shipment Ia
The summer under contracss entered
after january !.
Tire gross ihs 10 the stcel mills
under existing prices IS compared
with tae supeiHtaed quotations, Il u.s.
urea to amount "a s5ll00O 900 IN q
wears employilienl at the present
production Of hIllets and rails.
ZIG Slash Repoiaed
Prices reductions 10 fulshee steel
are daclarel IA have ranged already
from 81 to $l25 q ton According
4 one authority. oven these cytreme
reducliona VIII not develop new bus
iuess until after the iariii readiusl'
nen
Wien Il report that eemc Of the
steel ccnpanes hai cu The price o.
nin FROM ags % s25 q ton was shoAn
h prominent oiflcer ui rhe dnitea
slelas sWcl corporation be saia me
fouort If truc would not affect ihe
course If iko larger companies. rive
nf iho largest companies he sall.
aaa3a tacit understanding which
will keep the mlcc Of Steel rails 81
SIS tan They are me United
81 tos Steel corporation tho Cambria
I.aekawanna Bethlehem and pennss !
ganla companies | 40 not lAnk lha
such minor cuts as may be made by
small companies VIII have any feai
effect on The trade rs g whule
Wage Cut Threate"eu
8ehn A. Topping. president 9t tea
Republic Iron and Steel companS
satl. y have 10 comment 70 make
Oh E. n aas statement. As @ tNe
eaeo. of lhe action taken, serious
rasultu have alraasy followed as y
raferied by the heayy ert ln prices
aI mest all steel commodities. 3n9
The mnke q badly demorRllzea.
eorlces under present cnadiiieas
Nl1 rapidly rcaeh ~ erst level ara
under these conditions CONSUMPTION
shouii ia stiEulaied Labor Ntll nee
essatiy Be involves IN senefai fe
adjustment iowzri lower coss ,neaes
sliaiel by tic change IN trade eonal
tIons and in anticipation OF the tgf'N
revision
The statement was made soda.
upon the authority 81 q high execa
uKs Official os lfp Hniteo states
steel cooperation irat ueges #oN''
ros 50 reduced hy ihae conpaas 2
lea Until the tsgil euHsecn e
IS settled
Tho eset that 4agca wlll npt 9e wv
immo lately reilevcl tae slbNisi7h Y
0ne ol It's mess seilaaa leti.ifs@ I,
VIZ femoye allIaanger 0t sitlAas'
laast uslll next summer as i . ~
thought that lie ,arid bill WIZ ps
eealpleted bnlefe hat iine
CA.@I q n r ~ o...a
.Na glad Yaa lsa kl6lIi b9lg
1ea's ~ <- /fGs1 s-sl