Show STEEL RAIL HAIL TRUST PROFITS how beautifully the hatchl Com Conill blum iiii lull boffl early carly in 1801 tho the steel rail cruft t cli its grip upon the market for steel rails by tho the consolidation of tle two mills at scranton Sc runton pa previous to this time thue though loth both mills were members of the trust one of them was in the habit of cutting prices on oil favorable occasions ca their consolidation under one management removed this disturbing influence no better illustration of tle coil control arol which tho the trust lias has over production and prices can call bo be given than the average monthly prices of stoel rails in 1891 As computed compute ml by tho the american iron and steel association tho the average prices of bessemer pig iron and steel rails at tho the mills in pennsylvania have been as follows Uca romer steel pig pal iron ralli rails per too ton per ton january Jinn irr 15 L 95 gas 2 M 10 february 1023 1025 cifu ch 1050 saw W ai april 1610 ial 10 mar 1450 iii so 5 no OC ic june JUDO lass 1025 saw 30 V july IG 1823 25 COO augut 16 n 00 l 1 15 CO october 13 M W S a 0 Norm ber 1515 30 f Vec december cruber 1533 1535 01 EA though pig iron shows a fell in price steel rails have renta remained ined constant stant at 30 ter per T er tork ton la in tho the report on oil the cost of producing 0 iron anil and steel pr product odrict in the united unite aa states lates S for which investigations were mado made in 1859 the commissioner gion crof of labor says tho the department has been positively informed relative fa tile cost of making steel rails in 1 of the very largest establishments in the united states and there is no shadow ol of a doubt in the mind of the writer that in ili these establishments tho the actual cost coet of standard steel rails Is and has becu for some come time within a few cents of 23 per ton tho the recent heavy reductions made in wages by tho the steel rail trust and the tall fall in ili price of bessemer pig iron crovi oil an average of 1885 per ton in ili 1889 1880 when tho the commissioner gathered his hia statistics to an average of 1393 por or ton in 1891 havo greatly reduced tho the cost of rails tho present cost to the trust is not over 20 per ton for every ton toa of steel rails sold by tile members of tho the trust they h have ave mado made a profit of 10 in 1891 the arnst produced tons of steel rails the profits therefore were not far from la 13 doubtless these there largo large pronta profits havo enabled mr carnegie Carne giua mills to declare over ki in dividends just as they did in ill if VUO VO |