Up before the American Iron & Steel Institute last week stepped Enders M. Voorhees, chairman of U.S. Steel's finance committee. He wanted to get off his chest some steel-hard economic and financial facts which the steelmen knew, but which the U.S. has largely ignored. Said Mr. Voorhees:
"We are in a sellers' market, but we do not know how long the sellers' market will last. . . . As I see the picture today, it is none too cheery.
"We have been operating between rigidly controlled prices and uncontrolled costs. The heavy wage increases have only partially seeped through to what we...
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