The Barre daily times. (Barre, Vt.) 1897-1959, 1917-09-25
NEW STEEL
PRICES FIXED
Heavy Reductions Are Made
for All Classifi-
cations
AGREEMENT
HAS BEEN REACHED
Between the Producers and
Government-Bars at
$3.50 Per Cent.

Washington, Sept 25.--Uniform stee
prices for the American government, TIL
public and the allies. which represent re
auctions of from 10 to 20 per cent il
present market quotations. were ap
proved yesterday by President Wilson
The prices were determined in an agree
ment reached between steel producers
and the war industries board after con
ferences lasting more than a month
They were based on cost of production
figures furnished by the federal trade
commission which made an investigation
at the presidents direction.
Under powers conferred in the priority
of transportation act the war industries
board will supervise distribution of steel
in manner best calculated to win the
war.
The agreement reached stipulates that
there shall be no wage reductions in the
steel industry and that producers shall
exert themselves to maintain capacity
production.
The prices will become effective imme
diately and are subject to revision Jan. J.,
1918.
Steel plates, basis Chicago and Pitts
burg, price agreed upon, 1925 hundred
weight; recent price, $ll hundredweight;
a reduction of 70.5 per cent.
Other prices agreed upon follow;
Iron ore basis, lower lake ports, price
agreed upon S505 gross ton. No change.
Steel plates, basis Chicago and Pitts
burg price agreed upon, 1925 hundred
weight; recent price, $ll hundredweight;
a reduction of 70.5 per cent.
Coke, ConnellsviIle price agreed upon
SO net ton; recent price, SIG ton; a re-
duction of ,62.5 per cent.
Pig iron, price agreed upon, 1888 gross
ton; recent price, S5S a gross ton; a re-
duction of 43.l per cent.
Steel bars, Pittsburg and Chicago ba-
sis; price agreed upon, $500 per hun
dredweight; recent price, $3.50 hundred |
weight; a reduction of 47.3 per cent.
Steel shapes basis Chicago and Pitts |
burg; price agreed upon, S3 hundred
weight; recent price, Sc hundredweight;
a reduction of 50 per cent.
This price announcement, agreed upon
after many months of investigation by
the federal trade commission and con
ferences between government officials
and the leading men of the iron and
steel business, was accompanied by the
following statement:
1T was stipulated;
First, that there should be no reduc
ton in the present rate of wages.
Second, that the prices above named
should be made to the public and to the
allies as well as to the government.
Third, that the steel men pledge them
selves to exert every effort necessary to
keep up the production to the maximum
of the past so long as the war lasts.
Measures will be taken by the war
industries board for placing orders and
the output of the steel mills
in such a manner as to facilitate and ex
pedite the requirements of the govern
ment and its allies for war purposes and /
to supply the needs of the public accord ,
ing to their public Importance and in the ,
best interests of all, as far as practi-
cable. I
"A spirit of cooperation was mani !
tested by the steel men, and no doubt is !
that every effort win be /
made to bring the production as nearly :
rs possible mp to the extraordinary de-
mands resulting from the war;