Show CUT IN PRICE OF STEEL MAY MAYBE MAYBE MAYBE BE ANNOUNCED Restoration of Normal Conditions Conditions Conditions Con Con- Aim of Industry Industry Indus Indus- try Meeting l i Washington March arch 19 InItial Initial steps toward towar bringing about a 11 reduction of or I prices an and stabilization of or the basic commodities were taken today at a ao I conference o of representatives en es o oC ot th thI the steel industry with Hh the department of or I commerce's r s 's re recently 01 U organized Cd Indus- Indus j. j r I a r rh t sl eJ h 1 rl c h y h F. F K H. H Gary Gar ch chairman of or the tine American Iron Steel Institute met with the h hoard board ard and amid later hater h held ld a separate confer confer- ence Another m meeting with the time board will be he held tomorrow The attitude of oC the st steel attel el manufacturers ers toward the tine boards board's proposals wa was not nol announced The Thc board boar however Ina in ina ina a statement h MUC after the Joint conference conference con con- ference s said i that while hilI an actual de decision decision de- de e- e on oil a lowered scale cale of or prices had not been reached satisfactory progress has been made Chairman Pct Peek k of or the time board was W quoted as sayIng saying say say- Ing lug the tine steel men had bad shown an entire willingness s to operate co In making making- effective an any program lo ram that thal will hasten the return to normal conditions When hen the the lie forenoon meeting adjourned adjourned ad ad- it Wa was Wal understood that another joint conference would be held during tie the Ia day Chairman man Peek Peet was wag notified b by manufacturers late in the tho da day however however how how- ever eer that conferences among the tine steel 1 marl hart continued o late that hunt the this Joint cont conference rence would have tobe to tobe tobe be postponed until tomorrow Members of the lie board hoard said salt there was nothing significant in the cancelling of ot orthe the afternoon conference us it was wnM tobe to tobe tobe be expected that list tho steel men would need time to s amon among themselves an entirely new lIeW proposition Il H was wa I generally understood that the factor of ot labor lubor costs entered larb largely l Into tIme the dis- dis discussion dis by hy the thc manufacturers of or th the hoards hoard's proposals for tOl stabilization of or orthe the In industry and reduction of ot otI I prices p r I ce s. s The Pine statement Issue issued lt by the board follows fter After meeting with leaders leader of or theiron the tho iron and and- andst steel el Industry representing approximately O SO per cent of or the country's coun loun try's tr s production the industrial board bard b arl announced this afternoon that tor or progress had bad u been en made mad but that thata a final decision on a lowered scale lc of or Prices would not nol be reached rel until after I full rull consideration of or all phases of ot the time subject |