Show The great boom In iron and steel seems to be past The Bessemer stocks are falling from considerably above 20 in Plttaburg to 18 and the prospect pros-pect is they will go still lower and the most conservative financial journals Jour-nals und manufacturing journals apprehend ap-prehend now that oversupplies will reduce prices to ruinous rates At tho same time it is almost impossible to get any great order for machinery accepted ac-cepted with the promise of delivery sooner than a year hence One firm In the East has just contracted to put In a 3000000 pumping plant in Australia and Japan has just ordered a 400000 pumping plant of the same kind There will be more orders as spon as the war In South Africa Is definitely settled I |