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Show MJJII.TIII.MI tllOLI hi Ell. Tmk groat strlke.or I. ckout.lt I toruo-stuadi toruo-stuadi naturally isuses uople to ask tomethlng About tbu steel market, lu order lo maintain prlcet Ihu manufacturers manufac-turers of tlctt rails In thu United HUtes formed n sort of syodlcalo or trust about Ion jears ago, but It did not work satisfactorily lo all concerned. About onuyearaoa stcoud arrango-nient arrango-nient of -n cast Iron cbsracler was entered en-tered Into for the thu aj-f-clnl purpose of holding up prlcet nud, perhaps, for keeping wage down. The corporations corpora-tions comprising thit combination aru thu Illlnoli Httul company, Carntglu ilrothert Jc cornpauy, thu Pcnnt)t-vanlaHti-elcointisuy, tho llollilebem Htetl compvny, and thu LnkawaiinA Iron and Httel Company. As Ihe price of manufact ired steel la su pottd lo bo governed by thu rh-o of pig Iron thu following flgurts may buof Inlerrst. They aru laketi from 7raif. itrccfl an ackuouledKtd authority ou trnJu pirllculars. lu loM) plg-lron sold for $13 per ton, lu lSOd $IS.S5, In 119 1 J 1 5.0,5 and In $ISUiM. Thu rlco of steel rails for Hi su ears were, respectively, 21..5, 1.M.To, $.'0.0-' and $.11). That It, during tho current ytnr when plg-lron Is selling for $14 a Ion, tltel rails am selling at $10. In I8S9 I Ig-Iron sold (or (13 atoubutsttel rails were sold for $JU.i3. According to Ihoiu Inures manufacturer! hau no need tu lawer wages. Thiy say their profita aru outy $:,00 r ton, Thla teems anomalous. They are buying pig Iron for $11 A Ion auleelling steel rails for $30, whereat lu ISiO they paid $18 fur n ton of pig Iron nul sold ratlt fur -'0.:3. T iu rlco of Kagllth rails, delivered In America, It about $.i) a ton, ao that companion from that quarter is out of thu qutetlon.. |
