Show The Steel Knil Industry LONG BRANCH N J August 13A meeting meet-ing of the associated Bessemer steel rail manufacturers was held this morning The depression in the industry has forced two mills into bankruptcy during the last eighteen eight-een months and two others to shut down After a long discussion it was unanimously agreed that tho production of steel rails should be so as not to exceed the demand in order to enable manufacturers to make rails at remunerative prices The reduction will be based upon the capacity of each mill and will take effect January 1st ISSfi |