Something new had been turned up in the grey market in steel. It was the tie-in sale, once familiar to buyers of liquor, steaks and nylons. Last week a special House subcommittee heard two prime examples of how the tie-in works.
The story, which the committee dredged up from a dozen witnesses, began with International Detrola Corp., which needed steel for its radios and phonographs. To get a supply, Detrola, in August 1946, bought the Newport Rolling Mill at Newport, Ky. But Detrola's President C. Russell Feldman soon found that he still had a problem : he had no...
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