The Steel Rail Trust Revived

Pittsburg, Pa., March 5.- The mauufacturers of steel rails have been in conference in this city relativa to the output for next year, and proportioning the same to the twelve steel rail milis of the country. It is practically a revival of the steel rail trust formed at Atlantic City two years ago. Hepresentatives of the Joliet and Union Iron and Steel compauy, of Chicago; the steel rail mili of Cleveland and other steel rail nianufacturers met with Andrew Camegie Saturday very quietly and talked the matter over. Preparations are betng made to resume operations in all the steel rail mills,but the production will be limited to the demand, which is estimated at about 50 per cent. of what it was last year. The price will also be less, and to avoid an entire demoralization of the steel trade, arrangements are being made whereby the manufacturera will act in perfect harmony. It is intimated that Andrew Camegie is now largely interested in the Chicago Steel works, and that he is making an effort to gain an interest in several other steel rail plants in order that he may more eompletely control the steel rail business of the country.