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Show STEEL TRUST COilTKTIlE EXPORTTRADE Has,' However, but 50 Per Cent of the Domestic Production. WASHINGTON, Jane . Elbert H Gary undertook today before tba houee ataol trust Investigating oommittee to show that tha United BUtaa teal corporation, cor-poration, of which ha la tba band, does not now control aa large percent. of tba (teal basin sas of tha United States aa It did before ita formation. H Insisted that agaiaat a 60 per cent control of the domeetie busineaa ia 1901 the corporation at the present rim t able to direct emty abeat aar cent of domeetie output. Of export busineaa, however, Mr. Garv aaid the steel corporation controlled ia the neiffhborhood of ahont M oar cent. While oa the subject of export busineaa, busi-neaa, Mr. Gary referred agaia te the proposed formation of an international ateel institute at Brussels. Would Btaady Trade. "I hope," he said, "that through an Interchange of ideas there tan be brought about a condition of equilibrium equili-brium in tha world of trade. "I doat want any one to get the idea that any one considers securing an agreement. If yen will look into the minutes of our meetings you will see the matter outlined and I- think you will aae thet there is now some disposition dispo-sition on the part of Germany to ree ogaise our rigbte from a neighborly standpoint. The Germaaa and Belgians are the moat aggressive and largest foreign manufacturers." Mr. Gary insisted there was aot "a scintilla of truth" in tha idea that an international "trust" waa contemplated. contem-plated. He aaid that ia arranging for tba meetings he had entertained no thought of going "beyond the rules of propriety or the lew.'' There were present before the committee com-mittee today waiting to testify Norman B. Beam, Percival Roberts, Jr., and Jamas Gayley of tha ateel corporation directorate. When the United State ateel corporation corpora-tion waa formed In 1M1. aaid Judge Gary, the com pan tea actually In competition competi-tion were the Carneal Steal oompany, subsidiary of the Federal Steel company; the American Bteel Hoop oompany and the National Steel company. Tha American Ameri-can ateel and Wire company, tha National Na-tional Tube company, the American Tin Plat company, the American Sheet Bteel oompany. the American Bridge company and the Lake Superior Coneelldated Iron Mines company were not In competition with eech other, nor with the oomnanl flrwt named. Illinois Steel Was to Bad lhap. "The principal competition waa between be-tween the llllnote 611 company and the Carnegie Hteel company," aaid Mr. Gary. "In the eene that they seer making the same artlrl, principally stt rails. But freight rates from PHtsburg to Chicago rr an large, nearly M per ton. that the marketa were fairly well denned "It Is a fact though, that the CaraeaTie company did at tlmea compete with the Illlnola Steel company outsld Ita natural market. One I remember that the Carnegie Car-negie company sold raila at 1S when the Illinois company waa considering S-Ing S-Ing Into the hand of raoetvers, and when It did actually come near doing that. "I believe thet If unreetrtctM and n-reatralned n-reatralned destructive competition had continued th Illlnola Steal company would hav been driven out of business. I am Inclined to believe that If the former for-mer manaemnt had continued In control con-trol th ('a meet, steel company would have driven entirely out of bust nee every ateel company doing huelneee tn the United Slates. That ia the opinio of many people who know the facta-' After Export Boatnaaa. "The condition showed an Improvement Improve-ment after the Federal Steel company was formed. The point waa reached where we believed It posstnt to organise a company that would be eelf contained and that would aecure a very large proportion pro-portion of the evport business In stl." Th United States Steel corporation, at th tim of Ita organisation In lsol. aaid Judg Oary. practically controlled th steel industry. He submitted n-urea. homrfr. calculated to prove thet thia control had bn declining rathar thaa Increasing. |