New-York tribune., 1921-02-26
Arrange for Promoting
ruy q
IA d e Cooperation
and Friendship Among
Manufacturing Nations
4. Ii. Gary Presides
At First Meeting
Is Empowered to Conduct
Prelimi in ary Negotia-
tions and Report in Fall

Directors of the American Iron and
Steel Institute meeting at the Metro.
politan Club yesterday, put into mo-
tlon plans calling for the organization
of great international association Of
steel manufacturers, the purpose OF
which shall be to promote friendship
and business cooperation in matters re-
lating to foreign trade.
Elbert H. Gary, chairman Of the
United States Steel Corporation, who
presided at yesterdays meeting, told
The Tribune last night that he had
been empowered to conduct such cor
respondence as would be necessary to
make the proposed association a real
lty. The plans of the American steel
makers, Judge Gary said, would be pre-
sented formally at a meeting to be held
next October. Invitations will be sent
to steel makers in all countries doing
business with the United States, in.
Guiding the European nations, Japan,
China, South Africa and South America
The announcement by Judge Gary
yesterday recalled to Wall Street and
the steel trade reports emanating from
abroad last summer, while Judge Gary
was in Europe, that an international
organization was in the making. Some
of the cables even went so far as to
call it trust, but these were later de-
MED. Other reports mentioned the
possible taking over by the Steel Cor
poration of lie Creusot Steel Works in
France, headed by Eugene Schneider.
These also were denied.
GfenI rEp,da
Yesterdays conference was watched d
with particular interest in the financial
district and by the trade, because of
Corporation and the independents
would come to some agreement regard
lng a lower scale of prices. The Steel
Corporation is still adhering to the So
called Industrial Board level, but buy
ers have stated recently that reduc-
tions must be made in order to stimu
late business. When the question of
prices was put up 10 Judge Gary he
said:
Prices were discussed at to-day
meeting only in a casual way. No
present situation"
The American Iron and Steel Insti-
tute includes in its membership the
leading steel companies of the United
States and Canada. The board of di-
rectors consists of Judge Gary and
James A. Farrell, chairman and prcsi-
dent, respectively, of the Steel Corpo-
ration; Charles M. Schwab, chairman,
and Eugene Grace, president, of the
bethlehem Steel Corporation; Edward
Bailey, of the Harrisburg National
Bank Harrisburg, Pa; L. f. Block,
president of the Inland Steel Com
rany; James A. Burden, president of
the Burden Iron Company; Joseph G.
Butler, jr, Youngstown. Ohio; jaime 8
A. Campbell, president of the Youngs
town Sheet and Tube Company.
Thomas A. Cantley, chairman of the
Nova Scotia Steel and Coal Company,
Ltd; +. A. S. Clarke, president Of the
Consolidated Steel Corporation; Alva
G. Dinkey. president of the Midvale
Steel and Ordnance Company; William
II. Donncr, president of the Donrer
Steel Company: George f. Downs, pres
ldent of the Lackawanna steel Com
pany Thomas K. Glenn. president Of
the Atlantic Steel Company; Robert
Hobson, president of the Steel Company
of Canada; Willis L. King, vicc-presi-
dent of the Jones & Laughlin Steel
Company; Samuel Mather, of Picklsrds
Mather & Co.. William A. Rogers, pres
ident Rogers Brown Iron Company;
John A. Topping, chairman of the Re
public Iron and Steel Company; J. F.
Wellborn, president of the Colorado
Fuel and Iron Company.