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Show PRICE OF STEEL RIILS NOT TO BEJT ASSURANCES TO THIS EFFECT j GIVEN BY AUTHORITIES. I ! Price-Cuttlng In Finished Steel Will Also Fall to Contribute to Reduction Reduc-tion of Wages at Mills. I . New York, Feb. 20. Assurances that tho price of steel rails will not j be cut, as a result of the price-cut-i ting in finished steel products, were given today by men In high authority in the steel manufacturing business. The report of a leading steel producer said that the United States Steel corporation, cor-poration, the Cambria Steel company, the Lackawanna Steel company, tho Bethlehem Steel corporation and the Pennsylvania Steel company are opposed op-posed to a reduction In the price of rails. It was stated by a steel olH-clal olH-clal today that the present schedule of wages in the steel mills will not-be not-be changed until tho new tariff rate on steel is known. i ; Pittsburg, Feb. 20. In regard to the situation in the steel trade, the long distance telephones between this city. New York and Youngstown were kept busy today by independent manufacturers. manufac-turers. It is said that by the first or the week, more cuts will bo announced in the prices of iron and steel. James A. Campbell, president or the . Youngstown , Sheet & Tune company, ! who also represents large Independent" i interests, said today: "Every man Is j for himself in regard to the prlceB for iron and steel, and there will be no 1 serious action by the Independents. Everyone, you may. say, is in the air at the present time, and it will take at least a week for the atmosphere to clear up. Until - that lime, It Is hard to say what will be done. . Prices will be made by individual concerns and there will bo no attempt at concerted con-certed action." Concerning a report that the wages of the Steel workmen would probably be reduced on account of the "open-market" "open-market" arrangement, it in eald unofficially unof-ficially in steel and iron circles hero that .wages will not bo affected at all. . It is believed, however, 'that if the tariff reductions are large, a cut in wages will follow immediately. |