Salt Lake Telegram | 1938-09-20 | Page 8 | Big Steel Cuts Price on Rails

BIG BW STEEL CUTS I PRICE ON RAilS PITTSBURGH PITTSBURGH Sept 20 UP Big R-Big Big st Steel J bid today for more business r fr from m its onetime best customer the ther f r J i r railroads by reducing prices of r rails and accessories from 2 to 5 a ton In announcing the cut the Carn Car Car- n negie Illinois Steel corporation largest unit of the giant U. U S S. Steel also confirmed all other prices for fO fourth quarter delivery Other producers are expected to step tp quickly into line with the price list t and relieve some uncertainty uncertainty uncertainty which had developed due to the more than two weeks celi delay l in hi the us usual al t time ne for fixing fixin- fi final al alp p rod lons t. ons Coming as it did with production and levels slowly increasing in the industry i r tl the e move was Viewed here as fling both wages and prIc prices s. s r P The The slash in track equipment l quotations came despite the cry of h J operators that they have improved I C i the quality of rails at such a cost in mill equipment and production they could not afford to sell for less Railroads have always stood first second or third in consumption of s steel eel but in the past decade usually have been third with the automotive automotive automo automo- tive and building industries ahead