Jasper County Democrat, Volume 20, Number 56, Rensselaer, Jasper County, 13 October 1917 — PRICES OF STEEL CUT [ARTICLE]

PRICES OF STEEL CUT

WILSON APPROVES AGREEMENT BETWEEN (J. S. AND FIRMS. Maximum Prices One-Third Under Present Cost—War Board Will Direct Output. Washington, Oct. 12.—An agreement Between the war industries board and the sfe.-l hitmtlTrfcmfPrs fixing maximum prices for steel products, about one-third under existing market prices, was approved by President Wilson. The agreement covers products not Included in 11m j.r. -Hmdulos. Prides agreed upon, with Pittsburgh, Pa., and Youngstown, 0.. as bases, are: .Blooms and billets, 4 by 4 or larger, $47.50 grtos ton; billets;** under 1 by 4, ssl ; slabs, SSO; sheet bars, ssl ; wire rods, $57, Prices with Pittsburgh as-base are: steel bars, 3 by 5, $3.25 per 100 pounds; steel bars, 5 by S, $3.50; steel bars, S to K>. S3JS ; steel bars, over 10, $l; skelp, grooved, $2.90; -skelp, universal, $3.15; skelp, sheared, $3.25. ’fhe prices will apply to private as well as to government contracts. The prices become effective immediately, subject to revision January 1, next, y ■ ' The board, announcing the agreement, made this statement : “The prices enumerated have been fixed by lhe president on the assurance of those representing the steel industry" that these prices equitably adjust the the relations Of the steel interests to each other, and will assist in fulfilling their obligations to, give she country 100 per cent of production at not to exceed the prices heretofore announced. “Measures will be taken by the war industries board for placing orders and supervising the output of the steel mills in such manner as to facilitate and . expedite the- requirements for war purposes of the government and those nations associated with us,; and to supply the needs of the public according to their public importance and in the best interest of all. as far as practicable. “A spirit of co-operation was manifested by lhe steel men. and no doubt is entertained that every effort will be made to bring lhe production as nearly as possible up to the extraordinary demands resulting from the war.”