New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-27
Steel Industry
Will Supply U. S.
Below Half Price
Foremost Manufacturers
Agree on Move to Aid
Government
To Distribute Orders
c,,rtaiIment Of Private Con-
sumption Is Declared
Probable
To Distribute Orders

The steel industry enlisted yesterday
.ts duration Of thc war. A. "
io...c hold in the oihccs OF ,ne
get.5 states Steel Corporation iao
en.'e. stcclmakcrs Of the country
% 10 supply steel 10 the govern
5.r,rc 1917 at less than hall ta'
.s,+ price end 90 appoint olearing
80 committee, which Wl.l Appof on
ho-.-,.fs do accordance with inc oes'
'..-ests OF the government $500,
pi.,cs VIII be- sold 90 "a price or Sz.'y
hundred pounds, and structural
- and bars at price OF sou Dase P:
So. sre now quoted at Sc a hundred
. i.1-5s In the open market. The ne''
-. arc those recommended by q
- committee Of the American
and steel Institute. Ebert H.
IT, IT, presided al the meeting.
Va - rrices for government Stce!
,.ro-d the current year, Ar. Gary Sal, q.
~, 3. was TOO early to make an!
',,,ement. Hc added;
eTscrc we're represented at the mec',,
-,orufacturcrs OF plates. structural
..s,cs and bars. Many of those pres
- are also interested IN steel prod
O. generally. All announced their
-.,T,-~,oes 90 comply with the request
ti.'..'..,,',rr,r~t officials 90 have the tom
- covered by the government Pro-
--,.-,o for 1917 for war uaterIalS DIS
500 among the manufacturers IN
..o,or-ion 90 their capacity.
Clearing House for Orders
srhe meeting approved the sugges-
- ,lo American Iron and Steel IN
....,.s committee 20 have the total re-.
..',ererts of the government for steel
..,5pet, managed through clearing
80 committee with Offices az " assn
-, Subcommittee have been 6p-
,erted. Is follows:
aOr allows. r. IL. Gary. cN ofic,o.
t.-,.s 4 Farrell. pres dent of the steel
S.-,orqfior: r. G.. Grace. president OF
Ss Bethlehem Steel Corporation ana
FAS. Clarke. president o. the LacAa--
v,rpa Steel Company. In general
,l,ree Of the Washington o'hce are M
Garv. Mr.. Farrell. Nr. Clarke and JSotnn
4 looping. chairman Of the Repuo4lc
lron and Steel Company
In active charge Of the clearing mouse
,ormittee so Washington viii DC james.
r bonner. of the Philadelphia Office or
.ls Carnegie Steel Company. Mr.. Bon
,sr has represented the steel com
r,n;es in the recent negotiations with
,Is Council Of National Defence.
In addition 20 the above. those pres
ant A. Yesterdays meeting Included j..
? Welborn. president of the Colorado
yusl and Iron Company; Henry Oliver,
,residept OF the Oliver Iron and steel
company. OF Pittsburgh; James A.
Campben. president Of the Youngstown
lObio) Sheet and Tube Company; A. G..
Dipkev. vice-president of the MIdvale
Steel and Ordnance Company; $. r.
Esrr. president Of the Sharon PENN
geel Hoon Company; Y. Preston, presl-
yrt OF the Eastern Steel Company, OF
p,-sville. Penn: Robert IL. Irons, gen
,r,l superintendent OF the Central Iron
nd Stecl Company, of Harrisburg,
Penn, and representative OF the
Lukens Iron and Steel Company, Of
CosteSville. Penn.
Officials Enthusiastic
Commenting on the unan.mity with
vhieh the manufacturer met the gov
Snment's wishes as 90 prices. Mr. Gary
nid:
The disposition shown without eN-
2apton was patriotic and enthusiastic.
Inquiries from the government 10
!s,s for steel have amounted 90 be-
tween and per cent Of the country
capacity. Based on last years produc-
hoa Of 42.SU0.00O tons. they total
slightly more than a million tons. In
plS the steel companies produced &l,-
$4,000 tons. Much heavier govern
nent demands are expected IN the near
igture. This is expected 10 lead 10 a
Uri2ilment Of private consumption.
Copper men said yesterday that not
taly we're negotiations we'll advanced
n sales o. additional copper 10 the
government al prices substantially IN
ueess OF the l6ie cents agreed upon
i'f lot Of 100000 pounds, but that
PANS are being worked out for supply
Y the needs Of the Allies along some
Wat similar lines.