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Show STEEL RAIL COMBINE 10 CONTROL WORLD'S TRADE office through which all the business will pass and from which orders will be allotted. "This promises to be the strongest' and most effective combine ever brought into, existence in connection with the steeror any other trade In this country, and the first time British. German. French, Belgian and American Interests have been arranged on a common com-mon platform." LONDON, Dec. 13. Confirming the i report pf the formation of an International Interna-tional steel rail pool a telegram from Barrow says: The agreement which was signed by all the representatives of the British, French. German and Belgian makers extends for a period of three years and Is likely to Include American makers at any rate over certain sones. It was felt that the European agreement left the door open for severe American competition com-petition so overtures -were opened though not so much on the question of price as on the sones to be allotted to the European and American makers respectively. A scheme has been mapped out and practically agreed upon, both by the continental combine and the American steel corporation. It is anticipated that the new pool will come Into operation January 1 and under un-der Its auspices it Is expected that its price of heavy rail sections now 85 shillings per ton will be lifted to 100 shillings. The combined Interests of all the largest steel mills of the four countries will be centered in a' London |