Show 111I 1114IN 1I1llIr VrglrrIk Al gap Alan I a I 4 III tnmlllliiMMn IIMUg mesa New York May I llltvte lng tile Iron trade condition Ih Iron Ag will i say today lh ullielil announcement by 11 C Prick Hill the Carnciil1tlck merger I lit I mil I In a furmailv tundlllon and no official assessments of aluatlun or earning haa moves authorised should put many erroneous report at nt 1ut U true thai II lor I proposed lo capital Iw al l < iu > M0 IMfirrd 4 tier cent common itotk ami that then to I to hv an Issue of lwi uowu uf I Ir mil nener mortgage bond with swill KOWIIO prior Imnda on the coke prop > rli fur man flames preferred and Ono otter of inmnion ubctlber ar lo 14Y IM acconllng to into repnrta which add that 110 earning at pnaent price I un Ilia full caiuilty Mould ngur out at the rate of nearly lwowiw i It r annum In the Irad ilia opinion Is I widely ripretwd lhal the capltallla lion named Include a reserve for th4 aciiuliltlon rf oilier Inlereit In I Ih meanilinr additional new plant 1 farm Wing started Titus Ilor National latest company ties decided I lo build them modern furnace and In Mae rail two blast furnace Oro tn IH steel ftl by old prtSucess I TheM uddltliml and the ronlderobl number of new work will not IK atalltbl until well tnunl ih cb M > of nlll year Th market In Ih Central Wtt hiv tkvn active and the thorlag vf pig Iron Unit 1 steel to I Mae anI inore ensit phatlied Our IllltburK corrriondrnt i reports some lira I transactions In Iietirmer pig and billet and there ha Iwen I A further advanc In the former Tile southern furnaces have placed con tldrabl quintltle of ln lo lilts white In foundry Iron a hardmlng trndtnry ha I developed Hnulllern maker ore Asking higher prlrea 1 Negotiations roof turn ro-of th tarn I Interests In Dinning harm by northern pariloo are tinder wf Th eastern Ur Iron manufacturer are lo hAvv a meeting on Trlday In Ihia matter of the prolvi 1 ed rnntolldatlon No exceptionally large I transactions I Ila taken plans In finish lent 1 And steel really maui It Is lonsomodble I lo i IJlaco order for quit a number fIn f line like rail Plates aIn tc a-In Ians In the Went me new Ina public com any are now gelllmr Into r I 1 ofampe to tin conlrACtL In same IIn howeve r arders lira 1 belnghTl bock Sir rlo bbera nail di failing In Ilia Mlef that prices are now ton high and mutt nun recd Th demand for the cruder forma doe I nol encourage the belief that n r action ac-tion la I pnitibl for many month Nor lisp here been any evllnre am yetI 1 yet-I irtuil consumption haa been checked by Ih title now pretalllnr |