The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-03-19
STEEL MEN TAKE
UP PRICES TO-DAY
To Confer in Washington With
Industrial Board on Plan
for Sterilization.
PROGRAMME rs ARRANGED
Revision of Quotations for
Other Materials VIII Be
Discussed Also.

At the conclusion OF tho meeting or
the committee OF steel producers held
yesterday in the once OF Judge T.. II.
Gary. chairman OF the hoard OF direc-
tors of the United States Steel Corpora
ton, the members OF the committee left
Mt once for Washington. where they are
to attend a conference to-day with the
Industrial Board named by William S.
Redheld. Secretary OF Commerce, to
carry out his plan for stabiiizing prices
on lower plane. 1t was announced
after the meeting yesterday that It was
merely preliminary session and that
there was nothing done which could be
made public. 1t Is understood that plans
were decided upon in connection with
the Redheld scheme which will be laid
before the Industrial Board at to-day's
conference In the capital.
-Four additions to the original com
mittee representing tho producers were
announced by Judge Gary yesterday
morning when the session convened. The
new members are Leonard Pickett, John
A. Savage. ]. V. w. Reynders and W. W.
Follansbee. The other members OF the
committee named at the meeting at the
rel, Charles NJ. Schwab. John A. Top
ping. Alva c. Dinkey, l.. Z. Block, James
A. Burden. Eugene G. Grace, c. II. Nc
Cullough, Jr.. II. G. Dalton. A. +. Hus-
ton, J. A. Campbell and Willis L. King.
Advices from Washington indicate that
definite plan has been worked out for
presentation at the conference to-day.
and It is intimated that something tangi-
BILE may be announced at the conclusion
OF the meeting. II Is said that the first
step to be taken by the Industrial Board
in its attempt to revise prices will be
cutting costs OF construction materials.
including steel. brick. cement, lumber.
&c. Once they are placed on a lower
plane, 1t is declared. II will be easier for
the board to tackle other problems. The
question OF labor, It is intimated. will
be left until the last.
1t was declared in one quarter yester-
day that the steel men will submit sched-
ules OF tentative prices on all steel and
iron products at to-dRy's meeting. and
that the Industrial Board viii consider
these schedules in an effort to determine
whether they can be published as recon-
nended by the board. II Is said TO be
the plan to establish tho schedules on a
basis that will stand for some little time
and make frequent revision unnecessary.
When conferences will be. held with
producers of other lines has not been
definitely decided. according to Wash
ington advlces. 1t Ia declared that with
the steel and iron problem out OF the
way the remainder OF the work will he
much easier and can be disposed of much
more quickly. one OF the first questions
to be taken up after building materials
are disposed of. It is asserted. will be
textiles. with a view of reducing the
price of clothing. Other essentials will
be taken up one by one, It is declared.
until the whole garut OF necessities has
been run and prices all through the list
placed on a plane where busihess, now
held in check, will be released once more.
There Is great deal of divided Cpin-
ion In the financial district as 70 where
the Steel men stand on the sterilization
plan Prior TO the meeting at the Wal
dorf two weeks ago II was pretty gen.
orally understood that they were OPP
posed TO any plan for artifcially fixing
prices Later II was announced that
they had voted TO cooperate with the In
dustrial Board In efforts to resdiust costs
Of materials and commodities throughout
the country.