Show STEEl PRICE CU 1 TOO SLIGHT l BE HElPFUl 1 Pomerene Bill Allowing Allow ing of Rates Rull Rui I by Contract Contract 1 ct I IW W WASHINGTON I D C. C oc 2 cut in steel prices recently an ani b by the tho government does no not notiS steel being furnished on con cont I most steel now being milled to contracts running from five years M have agreed I I 58 instead of for tor ste steel l S tuned at 1 n. ton Thi I leave 2365 profit m But the cost of pro pro prodS I for tor big concerns like 11 the UnIt udit steel production which own s 1 railroads ships am n ovens as well as liS their mill j are called Integrated cone con concen Companies that have to alth allO to mining companies steamship lines and ovens d c car iJ duce steel for tor It cost tI ti- tito tIto to 90 m These rhese small concerns hay haven havI I t by 13 the speculative market an been selling steel as high highs highton aj ton with satisfaction to the pu put These concerns will not be entin about the tho fixed price of 58 would riot be enthusiastic abe abo fixed price I J I Tho The prices fix fixed by der cler on agreement between thI th hoard board and the steel O Oreally og really apply to the small p por pt I steel coming into tho the market for tor and subject to wil wI bidi Jost 1 steel made has already been SOl 30 55 to 90 a ton The Tho price of steel stock sv reports of ot the fixing of ot th JI steel at 58 a ton Tho The big con cor whosE whoso stock is listed III on the iare i- i i iare are pleased with the 58 price In tho the meantime it Is said th of ot the smaller sma concerns wilt difficulty in continuing continuing- prod this figure The next que on Is ia Vh whet I I steel producers will vili in m good good ial up to their ag agreement I Industries board The government is planning t the tho safe side as to this to push th the Pomerene bill seeks to give the president p powe W the price even of contract st l. l If It the bill blU is pass pasi government will have the P po adopt the pooling and cos oe S1 plan successfully appl applied l h nations It would be easily apt ap iron and steel products since tl tI and steel industry is arid closely controlled Federal Trade Trad Commissioned testified before the c c. tee that 80 50 per cent of the pro Is by the big so called integrate cerns Such as Stat States s sI I He lie also testified that jM I Sixty per cent lit of all pig I Imade j I made by twelve companies S Sper per cent of all ingots are arc I twelve companies M four Eighty-four per cent of ot JiU sIl are produced by five companies compall Sixty-six Sixty per cent of ot all nil plat phat produced by seven companies 92 jer cent of ot all au plates b ci companies 9 It is evident that If the gov s could put its finger on panics it would control 32 p r rall all manufactured shapes Ji The agreed prices announced d cl dI war industries board are suppa I be available to the allies and tb I consumer as well as to t t I States government t. t |