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Show BOUGHT IRON BECAUSE THEY NEEDED IT NEW V iKK. June 19. It was aot with the idea of maintaining prices in the faee of a felling market that the Carnegie Steel company bought 65,-000 65,-000 tons of pig iron in 1903 the gov eramaat 's charge to the contrary notwithstanding not-withstanding but because the com pany could not make all the iron it required re-quired and was compelled to go out and buy, according to James If. Reed of Pittsburg. Mr. Reed, who is chair man of the Carnegie company, a subsidiary sub-sidiary of the United States Steel cor- I poration, so testified in the govern men 'ts dissolution suit against the cor poration. Nor did the American Sheet and Tin Plate company cut prieas in 1902 aad "put 90 per cent of its competitor competi-tor oat of business," Mr. Reed continued, con-tinued, although the minute of a directors' di-rectors' meeting attributed the contemplation con-templation of such a eut aad affect to H. P. Bono in about those words. Such a policy found no sympathy in the council! coun-cil! of either the Carnegie company nor the corporation. Mr. Bead said. |