The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-03-22
PALMER O. K. J
STEEL PRICES
FOR LEGALITY
COMPLETE LIST OF
PRICES ANNOUNCED
Judge Gary Issues Statement
Declaring Great Business
Revival Coming.

WASHINGTON. March 21-Cotnpictc
schedules Of new prices for steel ana
irnn producls agreed upon by reprcS>
| rntatiycs OF the steel industry ana tno
industrial hoard Of tho department OIL
commerce were announced late touaS'
oCtcr rnrmbcrs Of the board had coh-
| rcrrcd with Attorney Genera! IalHlcf'
Tho announcement Of the new prices
| following tho conference was taken rs
Inn indication that the boards ctfortS
Ito reduce and stabilize prices throush
arrccmcni with producers WOULD not
moot with opposition from the acpart-
mont Of Justice.
Steel men. who in joint conicrcncc
with the BOAR rd framed IN" new schrduir'
h,Corc leaving Washington yesterday
| said that il was understood mat the
iuuLstinn Of price agreements was 10 ~
laid before the attorney g"ncrhl %! Ihc
! board. Chairman Peck Of I'll" board
however, after tho visit To Mr.. rainier
inrficr, said :hat tho board had h"icl!
raid 4 social call On the new attorney
general.
Thu, new prices. which generally re-
rr.S.nt reductions from ten 10 fGurlee"
nrrccnt become effective at once. lot
! ihc wear 1919 and represent inc lrsl
! cfrorig rr tho industrial board III Price
stah:li2aiiun and reduction to rc1ce
.in. basis. In approving inc sCncuule'
submitted by the steel men. INC oo"tu'
'acccrdinS 10 statement issued I"n'F"''
adon,rd - pnlicy to be followed IN agree
mcnls with producers "i oth'r p"sic
! commodities. This policy, II WIS s"i.''
| !. "a strike :; balance that "whilc call
| iu- sooner or later for Shmc s"cf''leI
or adjustments on The part or all Sct
will not subject any Of these lhtelcS'S
to undue hardship"
! Judge T.. RI. Gary Of tho United states
Steel corporation and chairman ol INC
committee representing the American
! IRON and steel Institute which conlct
! rcd with the board in Il statement CUT
| tanning the announcement OF inc H'"
| priccs said thai tho new rates "eFc
agreed uDcn with view 10 prh64ns
! about "a revival and stablllzallon Oh
business through prices laForaulc ~
the consuming public and yet 5le'oi's
. modcratc and reasonable return 10 Nv
ycs,ors in the industry. He eHpressco
the belief that the new prices "outo
net disturb wage rates or interfere WI"
iwaEc agreements.
Tho New Prices.
class were announced rs follows;
Pig iron, basic $25.75, reduction
S4.25.
snlets, four-inch, $3.50, reduction
$500.
Buletg, two-inch, S42.oo, fedueE1on
$500.
Steel bars $4,000, reduction $500
slabe, s41,oo, reduction $500.
Skelp, sLcarcd, $2.e5 per hundred
pounds, reduction ST per net ton.
skelp, p,iversa! S2,55 per hundred
/ pounds, reduction ST per net ton.
skelp, groved, S2.i5 per hundred
pounds, reduction IS per net ton.
Merchant bar base, Sc 35 per hun
dred pounds, reduction 81 per net ton
! Shearcd plateg, S2.s5 per hundred
hounds, reduction SIS per net ton.
Structural base S2.45 per hundred
pounds, reduction 81 per net ton
Wire rod $50 per gross ton, reduc-
tlon SIS per gross ton.
1 Plain Tirc, So per hundred pounds,
reduction SIS net ton.
Nails, S3.25 per hundred pounds
rcduceicr SIS per net ton.
Black sheets No. %, S4.35 per hun
dred pounds, reduction ST per net ton.
Blue auncalS, No. 10, S3.55 per
hundred pounds, reduction 81 per net
ton.
Galvanized sheets, No. 20, $50 per
hundred poundE, reduction 81 per net
ton.
Tin plate No. 100 box, 81 per hun
dred pounds, reduction ST net ton
Tuberlar products, 37a points OH
Gard, reduction 81 net tor.
Hoops, base, sos per hundred
pounds, reduction SIS net ton
Light rails, SEAS per hundred
pouads. reduction SIS net ton.
Rails, standard Bessener, S45 gToss
ton, reduction $40 gross ton.
Rails, standard open hearth, SAT
gross ton, reduction $40 gross ton'
Ore, no change.
Basing points and dtffereutials are
unchanged. The prices are effective
1T once.
After asserting thl; tho ste"! industry
! had given ruu.:iIrrat."I to tn" NO"
,rirGuI" .iud:;.. Gar! ~ hIS statement
said:
Gar5's Statement.
The objects +" D" secured arc r"-
viv;,l and stab:lizat!nn cf business by
! establishing Il reasonably low basis nl
| prices which would b" satisfactory 10
, tho consuming ruhi"' and yet 50 FAR as
, rrnciicahln would yield = mnd"rhtc ana
: rraSrnab!o return Ia III" investor where
; they ar, entitled to II N tic application
(Contitucd on Poge Ntnc.)