Deseret Evening News | 1900-06-06 | Page 3 | Another Cut in Prices Coming

In Nn New York June In Pitt burr burg as to 10 the impending In Inthe the IrI of bUlt anti and pig Iron were a also oI circulated In this city The report had It that list lit at a meeting h held l In thu city on Mundy of the varIous Iron and steel teel had decided to mke a reductIon Iti III the price of steel tl from 10 to Il 18 Iter z ton antI and ot of o 1 foundry Iron from 81 12 to 10 O ra a ton tOft tonIt It wu was to obtain any dl di of the report Ort leron leen lit in thereto some somewhat what Indefinitely 0 of maintaIning at and having no ot of tiny change The Mae action of 01 the local market however to 10 some IUm such auch change anti and In fact Iron marke II of r the entire world were reported dull and ana lower loer The presence In the city ot of President ot of the lbs Carnegie cameI lend land some color to the port which wu was coupled with II a story tary to the effect that tilt Intended to extend their business In to dominate the entire at atel and Iron believing that the smaller steel companies Were for the vr present ent more or lees lella demoralized condition In the Ule President Schwab who returned to last Jut night neither tt at firm nor den deny the report of a reduction tion