Mr. FAIRLESS. Yes: wire products. That is right. The CHAIRMAN. Will you, for the record, put the percentages that you make of those so-called firsts, the percentage of the total! I have them here, and I neglected to ask them. We need not take the time. Mr. FAIRLESS. Would it not be fair, if we are going to do that, to Put the percentage and participation of all prodlets that we make! Why just pick out the top ones! The CHAIRMAN. It is perfectly agreeable to do that. I only men tioned a few. Mr. FAIRLESS. Yes. You picked out the top ones. The CHAIRMAN. I picked out those in which you are first. There are those in which you are second, third, fourth, and fifth. Mr. FAIRLESS. I think, in order to give this committee the full information, that we should show all the products that we make, and our participation in those parkets? The CHARMAN. We will be very happy to have that. Will you show also the relative tonnage of those products, net tons! Mr. FAIRLESS. Well, we can show the capacity. We do not have the mizures, of course, from our competitors. The CHARMAN. I mean the capacity. Mr. FAIRLESS. We have the institute figures for capacity as a total, and we have our own capacity against that. The CHAIRMAN. That is what I mean, of the total, and then what your own is so we have a omparison Mr. FAIRLESS. We will be very happy to give it to you The CHAIRMAN. And then nailon to the capacity, the productin tonnage. Will won do that! Mr. FAIRLESS Well, now, Mr. Chairman. I we'd like to leave this matter on this basistat or people will pe bobet ler with your staf, ani we w we have the infor In oler informat the f is if someone les prescribe a new setmp for that will ons Ire a termi5: amemnt of research and work ani ver and delay. We are on the information that I think you desire in the way that we keep d'in records. The CHATIMx. That be = ve, Mr. Fairless, in Amena it is in all of cor endeavors 312 The CHAPMAN. I just offer in a very fickle and home way my Mr. LEVI. Mr. Chairman, I have a list here of products on which I believe the production of 1948 of the corporation was higher in terms of the percentage of the industry that it was in 1939. I wonder whether it would be suitable if I just read this list with the percentages for the record, and then they can be checked. Mr. FAIRLESS. All right. Fine. Mr. LEVI. The total flat-rolled product, hot-rolled in 1939, the percentage was 25.8. Mr. AUSTIN. Is this production? Mr. LEVI. This is production. 25.8 in 1939, and 26.3 in 1948. I do not know if you want to check me as I go along, or do you want me to read the whole thing? Mr. FAIRLESS. You can read them right into the record. Mr. LEVI. Universal plates, 36 percent in 1939, 37.4 in 1948; coil for tin plate, 35.2 in 1939, 36.8 in 1948; merchant bars, 19.7 in 1939, 21.7 in 1948; wire rods, 31.4 in 1939, and 40.2 in 1948; tin plate, 32.7 in 1939, and 38.4 in 1948; cold-rolled sheets, 13.2 in 1939, and 15 in 1948; bright wire drawn from rods, 36.6 in 1939, and 38.2 in 1948; steel for castings, 14.74 for 1939, and 20.11 for 1948. Then alloy-steel ingots and castings, 20.14 for 1939, 23.30 for 1948; stainless ingots, 9.49 for 1939, 15.80 for 1948; alloy-steel ingots other than stainless, 21.23 in 1939, 24.11 for 1948; alloy steel for castings 5.97 for 1939, 7.51 for 1948; sheared plates 25.46 for 1939, 29.86 for 1948; strip and sheets for cold reduced black plate and tin plate, 35.23 for 1939, and 36.82 for 1948; and universal plates 36.02 in 1939, and 37.39 in 1948. Mr. BLOUGH. Mr. Levi, would you be willing to state the source of those figures? Mr. LEVI. Those figures were compiled by us from data supplied to us by you, but we would like you to check them. Mr. FAIRLESS. Well, as I understand it, the chairman and I are in accord that these figures will be checked only from the standpoint of accuracy. The CHAIRMAN. That is right, Mr. Fairless. Mr. LEVI. Now, Mr. Fairless, on sheared and universal plates, the corporation had less than 10 percent in 1936, did it not, and this was because of the continuous hot-strip mills of your competitors? Mr. FAIRLESS. I think that is fair; yes. Prior to what year? Mr. LEVI. 1936; prior to 1937. Would it be correct to say that your percentage has fallen somewhat in steel rails? Mr. FAIRLESS. In our capacity of the whole. Mr. LEVI. Well, your percentage of production of the market has fallen somewhat in steel rails. Mr. BLOUGH. Mr. Levi, we cannot quite hear you. Mr. LEVI. Has fallen in steel rails, somewhat. Mr. AUSTIN. Production varies with the market, sir. Mr. LEVI. The proportion of your production of the total market has fallen from 1939 to 1948. Mr. AUSTIN. Do you mean participation? Mr. LEVI. You can check that too. Mr. OLDS. It is only the last word in your sentence we do not hear. Mr. LEVI. Your participation in the market is less now than it was in 1939? Mr. FAIRLESS. I do not know. Mr. AUSTIN. Just a moment. We will check it. That is correct; 53.8 in 1939, and 47.6 in 1949. Mr. LEVI. Now, you were advised, were you not, that the participation by the corporation in steel rails was of comparatively little benefit to the corporation because rails are heavy products, selling at a low price? Mr. FAIRLESS. Fifteen years ago, yes; that was our advice. Mr. LEVI. I do not believe it is 15 years ago. Mr. FAIRLESS. It certainly is. Mr. BLOUGH. Thirteen years ago. Mr. FAIRLESS. But the study was started in 1935, and the issuance of these reports was later. I know, because that is when I came with the steel corporation. Mr. McCULLOUGH. Is it true now, Mr. Fairless? Mr. FAIRLESS. No; it is not true. As I tried to explain, so there is not any mystery about this constant reference to engineers, the steel corporation in 1935 did what many industrial organizations in America do at intervals. They engaged a firm of industrial engineers to make a survey of their business, a complete study, in cooperation, however, with the management, and to make whatever recommendations or criticisms they saw fit to make to the steel corporation. Now, what we are talking about here at various times-and it comes up because of an agreement which the chairman has carried out. After all, this is very important information to the steel corporation, and certainly we did not engage these engineers in 1935 to furnish a Government report in 1950. That was not the purpose. Mr. McCULLOCH. Mr. Fairless, you misunderstood my question. I am not asking about the report. I am asking if the conclusion which the engineers drew in 1938 with respect to sales is true in 1950. Mr. FAIRLESS. Why of course it is not true. It is not true. Had the steel corporation followed that particular recommendation, we would have suffered. Now, as I said, engineers are not infallible. They made many recommendations that we did concur in, and that have been made effective. As a matter of fact, many of their recommendations were already under way, so far as corrective action was concerned, at the time of the release of their reports to us. The CHAIRMAN. Mr. Fairless, the management also participated in the findings and conclusions contained in that report, did they not? Mr. FAIRLESS. Well, but there were wide differences of opinion within ourselves, as far as management is concerned. The CHAIRMAN. There was no minority report filed? The CHAIRMAN. So that if the engineers were infallible, or not infallible, the management likewise was not infallible? Mr. FAIRLESS. That is right. Mr. BRYSON. We sometimes have more than one minority report. Mr. LEVI. Now the corporation's percentage of participation in the market sometimes increases greatly, does it not, Mr. Fairless, if you look at a particular section of the country? Mr. LEVI. Mr. Chairman, I have a list here of products on which believe the production of 1948 of the corporation was higher in terr of the percentage of the industry that it was in 1939. I wond whether it would be suitable if I just read this list with the percentag for the record, and then they can be checked. Mr. FAIRLESS. All right. Fine. Mr. LEVI. The total flat-rolled product, hot-rolled in 1939, the I centage was 25.8. Mr. AUSTIN. Is this production? Mr. LEVI. This is production. 25.8 in 1939, and 26.3 in 1948. not know if you want to check me as I go along, or do to read the whole thing? you want Mr. FAIRLESS. You can read them right into the record. Mr. LEVI. Universal plates, 36 percent in 1939, 37.4 in 1948; coi tin plate, 35.2 in 1939, 36.8 in 1948; merchant bars, 19.7 in 1939, 21 1948; wire rods, 31.4 in 1939, and 40.2 in 1948; tin plate, 32.7 in and 38.4 in 1948; cold-rolled sheets, 13.2 in 1939, and 15 in 1948; b wire drawn from rods, 36.6 in 1939, and 38.2 in 1948; steel for cas 14.74 for 1939, and 20.11 for 1948. Then alloy-steel ingots and castings, 20.14 for 1939, 23.30 for stainless ingots, 9.49 for 1939, 15.80 for 1948; alloy-steel ingots than stainless, 21.23 in 1939, 24.11 for 1948; alloy steel for ca 5.97 for 1939, 7.51 for 1948; sheared plates 25.46 for 1939, 29. 1948; strip and sheets for cold reduced black plate and tin plate for 1939, and 36.82 for 1948; and universal plates 36.02 in 19 37.39 in 1948. Mr. BLOUGH. Mr. Levi, would you be willing to state the so those figures? Mr. LEVI. Those figures were compiled by us from data sup us by you, but we would like you to check them. Mr. FAIRLESS. Well, as I understand it, the chairman and accord that these figures will be checked only from the stand; accuracy. The CHAIRMAN. That is right, Mr. Fairless. Mr. LEVI. Now, Mr. Fairless, on sheared and universal pl corporation had less than 10 percent in 1936, did it not, and because of the continuous hot-strip mills of your competitors Mr. FAIRLESS. I think that is fair; yes. Prior to what yea Mr. LEVI. 1936; prior to 1937. Would it be correct to say t percentage has fallen somewhat in steel rails? Mr. FAIRLESS. In our capacity of the whole. Mr. LEVI. Well, your percentage of production of the m: fallen somewhat in steel rails. Mr. BLOUGH. Mr. Levi, we cannot quite hear you. Mr. LEVI. Has fallen in steel rails, somewhat. Mr. AUSTIN. Production varies with the market, sir. Mr. LEVI. The proportion of your production of the total n fallen from 1939 to 1948. Mr. AUSTIN.. Do you mean participation? Mr. LEVI. You can check that too. Mr. OLDS. It is only the last word in your sentence we do 1 w were adrsed, were you m*, Detration 2 teei m's was ef oration, ecause rai's are heavy products, anoecause og at a lo VF.miss. Fifteen years ago, yes; that was out #dy 4 motor elleve it is 13 years ago, mss. It ertainly is. birmirteen years ago, Y 3ut the study was started in 1995, and the lengua a vaater. I know, because that is when Fee with Ho Fr. Is it true now, Mr. Fairless! Nor is not true. As I tried to beplan, there and w this constant reference to engineers, the tof hat many industrial organizations in Ame the der eniged a firm of industrial on darkers thes, a complete study. my blogjerat ment, and to make a ste ma t to make to the steel ngayon coer e talking about here at ment which the ha portant information ot engage these enes 30. That was for he Mr. Fairless. at the report. " ,,༔ |