The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-10-28

the effect of necessary uncertainty will
not be good thing for the interests of
ptisburg"
A lawyer who has been associated with
the steel Corporation from the beginning
said last night that there was not much
~ be said about tn" suit IN its present
stPtus.
Except that the suit is Of great public
concern and that il ia y Government
action this suit does not differ greatly
from others. The answer viii be filed
IN due time and then IN, suit will e.
quietly along according To the usual
process.
A iinancier who mas been closely IN
touch with the affairs Of the Steel Cor
poration said that he was glad ~" suit
had come. If indeed it VS. to CON" at all
Il hope the shareholders won't be
rarmcd." he said This suit has been
talked of so long tn II they ought to have
been hardened To the idea lonl, before now.
With things as they -tsnd now there is
not So much chance for tn CirCulat ION
of rumors for stock jobhing purposes
He went on to- say that he did not feel
there WIS any occasion Inr 1larm. He
declared that thr steel Corporation was
going Ia fight the ces" To Nh" end. and he
felt secure "a 10 the outcome.
GARY DINNERS roriC.
lawyer who has oppressed \ iinself
before OH Gov crnm"nt suits Cains'
corporation pointed to tn" Gary iii nner>
IA taa rlCst vulnerable point which the
LAWYERS for the Steel Corporation would
have 10 defend. He s7id that even in the
face of warnings as II the possible CON
etruction t. be- placed on the Gary din
ners, Judge Gary went from testifying
before the STANLEY committee - Brussels
u participate in what the lawyer called
"eomethinc greater thor = Gary dinner. "
the International conference Of stee
manufacturers
spokesman for one Of the larger in.
dependents. who Gidn't want hig name T.
appear. said that II would worn a hard
AMP on the steel makers of this country
in case the Steel Corporation was forced
to dissolve
The independent steel manufacturer.
are genuinely sorry the suit has been
brought said and beli.v. tn"
buyers e as sorry as We are All ut W.
want steady market. II once a rate Wal
were started. then the wh lie steel market
would be in fix. Contracts viii he IN
confusion and buyers won't know whether
to purchase to-day or tomorrow or next
week
The independents never had IA com.
plant to make against the Steel Cor
poration. except that II was inclined +
keep the market a shade lower than ",
would willingly have had II. The cor
poretion's prices were low except IL
steel rails For ten years rails have bee
sold at SIS ton. and | can tell YOU now
that We could make them Il, profit for
SIS a ton.
This speaker did not went II say
whether the Gary dinners we'd II fix
prices.
But there was no distribution of terri
tory arranged for at the dinners" he laid
This resulted automatically from IA STEADY
market"
He said that the steel makers woul,
try to agree on prices no matter what
the outcome of the Government suit
Neither the Government nor anybod,
clae can keep us from getting together
he said. We have learned the value of a
steady market and we will stick t. II.
cannot see that there will be a rate war
If we can't have the Gary dinners vel
get together some other way. Nobody
can stop business men meeting II tall
over their ait airs