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Show TirSthh Iron and Tteet. Tho severity of American competition competi-tion In Iron and steel has led to tho breaking of the Urltlih pool In those. Industries In Oreat llrltaln, as In the United States, there, was an agreement to malnUIn prices, that of steel rails being held at from 7 to 7 U per ton. As soon n the msnufacturers were allowed a freo hand open competition ensued, a drop In tho price of nearly 1 a ton following In Clreat Britain, as In the United flutes, rasny orders hid been held up becauso of the unnatural un-natural prices, and these were released when prices reached a normal basts As a result the Ironmonger declares that the manufacturers will bs real gainers. There Is a hint In this Incident Inci-dent for the members of the American pool, who must know that miny orders or-ders are being held In anticipation of lower prices There Is coming to bo a well defined belief that the plan of the Iron and steel men Is to make successive succes-sive reductions and tske orders at each rato until they can get no moro at that price, when they will mako a still lower rnte This, however, but , leads to the holding of m6re ordors ' for the lower prices. 'JjjfL |