U. S. Steel Corp.'s Benjamin Fairless is dark, chunky, genial and tough. Cocking his head to one side and narrowing his eyes, the president of the firm which usually makes 35% of the nation's steel ingots is given to saying that the corporation ought to get a price high enough to cover costs. Last week, to explain prices to the TNEC, Ben Fairless produced an expert, University of Chicago Statistics Professor Theodore Ott Yntema. Substance of sharp-eyed, youthful Expert Yntema's very technical mathematical-metaphysical testimony: the corporation is burdened with large inflexible costs;...
STEEL: Who Said Competition?
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