The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-12-01
tlT 70 CUT PRICES OF STEEL
i\6 M PRI>EN rI\G % pYH
!. az Nt\IftIyT GERS.
- VI" N'rui so Yer Gent. Of Ca
.'N NJ raih OF Reducing Wages
.Npr">rmcnt Expected soon uIi
= e" rem >ions fort y. steel I.,nplo,r. &C.,

'i""'''N"' tNprrirsi soon tbttI
Pensions fort y. steel I:mpIo,r.,
'''"r'at,N"~ - practically N VA.
'nnia"uir'ng companies N IN"
I' Ntaf's mot IN IN" Railroad Club
hudson Terminal Binding v.s
nj d";'rGn! hat present prices arr.
o.. Ihi" and ought not I, -, chanC.I
BE-. r>ousS"l h.>l,i"s prrco5 enrichment
put IA" outlook for business, from
Nlr"ads. the prn~pa'i of 'Irill rev sron
'th"r Propositions r"r'In"nr to tho
- raj r"ndjustm"r, oi business AFFAIR,
Nicer way Tho" have li.rn NEE,
'.- 4 steel T"u that Me-" largely at
''....t ~ir non" ucfur, m which So
.- iupdn.". N.r' I,,'l-.,"n'ri and
r.'" IA III" i,.>,l "N,"rtIun ~ TN.
""' n ot February ~ 1919. when tho open
"-N"t "dr G",i"i"I. at when topics
+ 81" "r''a" Importance ha q been brou ght
~ '"r discussion or solution
~" m""tin; va, h..lt h.h,nd Gloss.
"o.'-. md tn. only orclaI statement oi
H." Proceedings y - cls "u lat by judge.
Gar, hartman of m" board II IN. Ini,,s.
states stool Corporation som" TIM" after
w." o., Inference. vas o,"r In. -rat-r-nr
.l.d
Representatives . ah,..r ~ ;,r .r.i
e IN" manufacturers 81 -..ui ~. Amrrrn.,
u"t al luncheon to-Gav. and 'h.. two hours
following vo:" occupied IL a.. rrt4luIng
hs l.
tC'ilar I'm" and ia he "Npsr.siun Of oprn-
IONS C nCcrninG current rriD-s II was
stated hat On IN" ,.~aE.. Il al. branches
IN" boob tnE- ar" about >" I..g cont nt
capacity and IN" shipments somewhat
excess ik,rc ha., been q, ,hlht though
mark "d increase Of daily bookings month
~ month ~'no, IN" first IT august - tn.
recent tine Price, u- q rrI!" re we'll
maintained. though N -rmc line. 49,
suat there = some cutting on III" part
4. = small NrC'!UC"r~ VIII ,.r, not rrrrr-
-snled Without exception tho ,cvs ~
! re>ssd uv tho" present r"Idr,!.nE M.
iu'tir" go" 'aN rct'' Also sch me
voiced b. opinion that pr.'~ri.r prr, - are
'8!r ar! r"as,uahr and should not H."
changed For som" rIrr,' pat rlrchls-
nS nv railroad cpmpIu.' h.- lo,,T y"r..
much below normal hur u j. tn" ,ousrusus
opinion that thor" xii h" an luc-'l~.
n he near futur" IN" y'n3uu' 1t G..Il,. Fl
1 oohIn-,s a the present ttrr" - about "Iual /
1" the capacity ~ the mills ten wars ago !
Tn" disposition II ~" manufacturers f.,
- srcc' - cooperate. So tar as !, L. proper. .
remains Unchanged :
nsa ~.
one ii the authoritative organs 81 thu. ,
eel trade says to-day: That ia. road .
l-tmen' now going on WI. extend further D
and in "a way that Will AFFECT labor l. a
growing conviction. Tn" pfictaI state
rent had nothing 20 NV about labor .
nrices. hut one III N" men ~ IN. confer .
-nce said III" act that the mills were /
but ~ per cent Of capacity toId. /
# course Il story OF much lil" lahur |
4. hopat that IN" h'i-In"-, reaction /
: AID not 20 50 far a. to neo,--Ir4t" re-
tuctIon- IN wages and sad thai the con-
"ree- had had very little rn say regarding
n ages and that no reduction - cout-rn-
plated by any q the companies IA the
year future
In February 0f last yea. when the open
market. or price war was declared IA the
rade. many 81 the Independent coupl-
les ".it wages an average Of IN per cent
h. UuIt.- Stat"- Steel Corporation main
tIned ~" -cal- and has since increased
%" wages Il most ~ It's employees ~
EDITION t" putting into effect q pension
v-tam and Ella boratiuR IT. system II
uuuse-. Most 81 IN" udepe ndent com
anIes hhv" also r"stor-i wages 10
cal" equal To or above. that preceding
n" furry m ne" trade IN the early part ~
II wear n" United States St.."! Cor
ration, - vas learned. cpnt.rnplat.-
u carly reduction IN wages and n cuts
o" mad" H. the near fIIttIr" they will b.
Isd a. by III" independents lust A. indie
"nd"nt con panies led ~ last wear II
~ the cun-"u-IiS that d~-pli. reductions
d he nunh"- IL employees thu. labor
uplOyed IL ""nt.nt-n and efficient
@InCe ia" 'r-t 81 the year reductions
b prices hhr" ranged between - aud 81
ron on mo- products Of the mills Bat
r"r" ha- boon closer cooperation and
ever breach, 81 faith than ~ the. prIce
'Itting p"rloi which led up to th. drcLtra-
IN ~ III" U''.u market m tn. Early part
: -st year IN steel rails no concessions
1at"v"r hay. bc.n made from lIat prices
or ar. any .'Juestcd by the railroads
u" railroads re buying very sparingly
n4 do not 81 ..Ct tn th.. standard S2s a Z
20 price for - few rails they order
John = Los nan. formerly Arnbassa- Z
" 80 Austria nd retired steel mani
= lro-. Was tho Railroad CiIb whom
% pui"~."- = and WAS invIt',ltD jOin '
.".r All m" tbs. = were active -f""l Z
"T among .am we-n tho following
'-r hos Of tho lma-iral Iron and Steel &
--r'.'" judo = n Gary charm An
."" iI,"l r.itcs Steel Corporation. !
nA 80 VI - Nab. pr-siieat Of tn.
.'.,''." ST.. Corporation. " A
".-" % p "-Ii 80 Of tho BIfal1 and !
-.I"TaIur ri Company. f. )
80. - t.U. of the LLcAlwaTna
''s. .urItH- e. X Hubbard. pr.+i !,
-I' oi 20" l.'..rlg iron AID $40, Com
ny. J. w"I -. .rShoI-e. chairman Of
"' wr.,H .-'~" company. W p Palmer.
o.. ."ni of .n American Steel and
r " OmpHry v Thompson. pr--i-
.l' Il t.- ln. ~ Steel Company. J g
II rh. Dtu