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more poorly paid labor. 'Thus the reduction in the price of iron from 1872 to 1885 amounts to 58.7 per cent. That on the wages of small mill heaters, who earned, in 1872, $7.00 per day, amounting in the same period to 48.7 per cent. That in wages of puddlers, who earned, in 1872, $4.94 per day, amounted to 43.1 per cent. That in the wages of laborers, who earned, in 1872, $1.40 per day, amounted to 28.5 per cent.

The decline in iron has been so great that it would appear—and such is the assertion of iron manufacturers—as if the price had reached a point where there is no longer a profit in the business ; therefore, while it is true that the rate of wages has been greatly reduced, there yet remains a margin for family support, whereas on the part of the manufacturers there is no profit whatever.

The following valuable data, showing the quantity, value of the annual product, the sum paid for wages and the average number of hands employed at one of our largest iron establishments, for a number of years past, will also be exceedingly interesting. The amount stated to have been paid for wages does not include salaries of officers, foremen and bosses :

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MANUFACTURERS OF IRON AND STEEL

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* Increase.

MANUFACTURERS OF IRON AND STEEL-Continued.

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$325,910 105

25,000 108 50.000 109 30,000 110

5,500 111 17,800 116 12,000 124 150,000 134 250,000 135 35,000 139

5,500 140 60,000 152

6,000 162 60,000 163 75,000 164

5,000 166 80,000 169 5,500 170 3,500 171 16,000 172 35,000 174 100,000 175 12,500 176

12.000 177 100,000 178 180,000 179 60,000 185 30,000 186 60,000 198 25,000 200

5,000 201 30,000 205 58,600 208 60,000 209 21.000 100,000 212 350,000 215 25,000 217 45,000 220

12,000 221 460,000 30,000 224 20,000 226 12,600 230 30,000 236 150,000 288 30,000 241 17,500 244

5,000 245 225,000 247 250,000 248

11,000 253 1,800,000 254

43,000 255 20,000 256 12,000 259 980,000 261 72,000 263

222

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MANUFACTURERS OF IRON AND STEEL-Continued

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$1,926,000 266

122,937 268
12,000 115

9.600 117
10,500 118
10,000 120
26,000 122
8,000 123
6,000 125
9,000 126
6,000 127
15.000 128
55,000 129
75,000 130

25 131 4,500,000 158

6,000 159 9,000 160 7,000 167 10,000 168 15,000 173 20,000 184

5,000 189 13,500 190 3,000 191 6,500 192 35,000 193 6,000 196 8,000 197 20,000 202 11,500 203 10,000 204

3,500 206
10,000 207
12,500 211
18,000 213
7,000 218
9,000 219
5,000 231
9,500 237
40,000 246
20,000 249
28,000 272
12,000 273
120.000 274
20,000 275
11,000
360,000 277

9,000 278
7,500 279

9,200 280
160.000 281
10,000 282
12,000 283
30,000 284
47,500 285
300,000 286
60,000 287

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