Show STEEL TRUST OUT seeking to obtain control of southern iron and steel works now york aug 10 it is reported on well informed grounds that the united tates states S steel corporation has made certain advances to abo managers of the tennessee boal iron company and allied lodus irlea in the south toy which all the southern iron and steel works will come under the control of the united states steel corporation po ration gays the new york tribune while the report mentioned could net bo verified in olal quarterma qu artera it was eald on excellent authority that negotiations tiati ons have been under way lor the past year tor the purchase by the bis steel trust fit the tenneseea sea coal iron company it Is also learned that leading interests in the united states steel corporation po ration have theon in conference with the banking powers behind the tennessee coal Ss iron company but tho result of the conference confer enca has not yet joeen mado known A few months ago the united steel corporation d certain proposals to the tennessee coal s iron company and the negotiations were under way at the almo of the first outbreak of tho amalgamated association if the united states steel corporation can the various iron and steel works in the south the amalgamated association may find it difficult to make a success of its present efforts to ti up th esteel and iron industry ot the country it may be therefore that the tennessee coal iron company win be an important factor in the settlement at the strike 0 |