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Show STEEL FIBM CHIEF EXPLAINS PROFITS WASHINGTON. Nov. 10 UP Ernest T. Weir, a successful leader in the steel Industry, told the monopoly mo-nopoly committee today that It "probably was easier" for a moderate moder-ate sized corporation to make a profit every year than a larger one. Weir offered this explsnation of why his company,' National Steel corporation, was able to "keep out of the red" In recent years while the larger United States Steel corporation cor-poration and the industry as a whole hsd shown tosses. The blunt spoken executive sharply criticized price cutting in the industry and engaged in a spirited series of disputes about prices, profits and competition with Leon Henderson, SEC commissioner commis-sioner and committee 'rtTember. |