Show PRICES RICES D OF 1 STEEL ARE REDUCED EDUCED BY AGREEMENT Manufacturers l and Members l of Commerce Industrial Board New Announces C Cost st Schedule for Year 1919 y W March 20 20 Agreement upon a new schedule pf of steel prices providing pro a reduction in the thc present quotations for tho the commodity was reached late tonight by representatives of the steel industry in industry industry in- in an and the thc industrial board of the department of commerce The fhe new prices are arc for the year 1919 and andare andare are arc effective at once A partial list of the new prices was made public tonight as follows Basic Baic pi pig iron reduced to 2575 a gross ton inch four-inch billets a n gross ton two-inch two billets 42 a gross 1055 ton merchant bars a hundred pounds plates a bundred hun bun hunI hundred I dred pounds and structural steel a hundred pounds The price of ot Iron ore f. f o. o b. b take Lake Erie ports ports remains at al the present rate except in case casc freight ht rates are changed In n such an event the price will be reduced or increased accordIngly accord accord- In l n Reduction Substantial The Tho prices mado public Hc nt average reductions ns from rom the tha ha present prIces t from 10 to It H per cent ent Tile THc re reduction on pig pig- Iron was 1 5 a. a a agros gros os ton on bm billets ts 5 a gross ton and on plates s. s bars and structural shapes 7 1 a net ton toti The rite conferences with the tho representatives tives of or the steel Industry which be bean began began be- be gan an yesterday esterday were the first to toJo bo Jo held H by the tho board In Us Its attempt to obtain reductions re and stabilization In tho the prices of ot the basic commodities Producers Producers Producers Pro Pro- I. I of oC other essential and extensively exten exten- commodities confer conCer Inthe in inthe inthe 21 01 used will the near future with the thc board Judge U. U II 11 Gary Gar chairman of tho the board of or directors of tho the United States Steel corporation In announcing the new schedule said Wo e have havo agreed upon prices We cannot give you OU a R full Cull statement re regarding regarding re- re garding these prices until tomorrow I when one will be Je prepared for tor the thc press pross Wages 31 Iu lo lie It i Is 18 expected that prices during k 1919 will not bo be an any lower and our nt Intention 1 Is to make no decreases decreases de de- dc- dc I creases In wages except perhaps at atrom some rom 5 mills milts where there are arc contracts I between employers and providing pro- pro i viding for Cor a sliding The price of or iron or ore f. f o. o b b. b Lake LakeI I Eric lc ports remains except where a reduction In rrell freight ht rates would become effective In which case the thc o of pig pis- Iron will bo Jo changed accordingly A determined effort is being made b by the tue ore producers from tho the great reat lakes JakeH region Ion Ito to obtain a reduction In I tho present freight rates It was stated staled b by John A A. A Savage ae a president of Savage Say Sav a age c Co ore oro producers In Duluth Such Kuch I action by ly the ore oro producers rs Is understood understood under under- stood to have have the approval o of both Joth tho Iho I I and the board |