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Acting Chairman KING ADAMS agreement allocation American Anaconda analysis average base price BROWNELL cartel cent changes charge chart CHAZEAU Chile companies competition consumers consumption Copper Export Association correct cost deﬁnite delivered price duction dustry effect elasticity evidence and marked EZEKIEL fact factors FAIRLESS Federal Trade Commission ﬁgures ﬁnd ﬁnished ﬁrms ﬁrst ﬁve ﬁxed ﬂuctuations foreign freight Government increase Katanga KELLEY Kennecott KREPS marked Exhibit ment metal mill mill-net Mining NOTMAN O'CONNELL operation output period Phelps Dodge Corporation Pittsburgh plant pound price of copper price of steel production proﬁt question quotas record reduction Reﬁning Representative SUMNERS SCOLL sell sellers Senator KING shipments short tons smelters Smelting sold STANNARD statement statistical Steel Corporation steel industry steel prices testimony tin plate tion tons truck U. S. Steel United States Steel volume WILCOX WOODEN YNTEMA