CONDITIONS IN PARTICULAR INDUSTRIES. 237
formation of the products company the cost to the various subsidiary
companies of the steel corporation to carry on their foreign trade
was between 7 and 11 per cent of the invoice value of these foreign
sales. In 1905 it cost the products company 8 per cent, whereas by
1912 the cost had been reduced to eight-tenths of 1 per cent.*
The following table gives the exports for 1912, in gross tons, of the
principal products of the United States Steel Corporation, and the
total exports of these products from the United States, together with
the percentage which the Steel Corporation’s exports formed of the
total In each case:

TapLE 16.—Ezports of principal products of United States Steel Corporation
compared with total United States exports of these products, 1912.

Pig iron...c........
crap iron and steei......
Billets blooms and ingots..
Steel rails. ..
Wire rods..c.ee. oun.
Steel bars, hoops, and bands.............cooeeer
Plates and sheets iron and steel fnobefing skelp).
Structural shapes and work (iron and steeD..... -
Tin and terne plate.
Wire barbed...
Wire all Other... ..eedieecaieeneanereceonmnzancenans
Wire nails cut nails, tacks and all other nails and spikes. -
Pipe tubing and fittings...

Total lor above.

United
States
Steel Cornoration.l


Fross tons.
37,221
9,133
264,786
392, 438
60,021
175, 269
505, 225
297,485
74,919
199
ag
€
-y

Total
United
Qtatag {

(ross tons.
272, 676
105,965
204, 818
146,473
64,978
220,770
346, 521
88, 164
81, 694
98, 059
ne 853
72, 35
540° RA

Per cent
of total.

13.65
8.62
89. 81
87.90
92.37
79.39
02.4
8.04
91.71
83.49
77.81
76.94
73.27
75. 51

Transcript of Record United | States v United States Steel Corporation Defendant’s Exhibits VoL IT
Monthly Summary ol the Foreign Commerce of the United States, December, 1914.
Tt will be noted that with the exception of pig iron and scrap, the
exports of the United States Steel Products Co. were from 73 to 92
per cent of the exports in each class.
The only existing forms of cooperation among manufacturers of
such products that have come to the attention of the Commission are
the American Pig Iron Association and the American Iron and Steel
Institute. These associations are primarily engaged in promoting the
interests of the industry in the domestic trade.
Proposed cooperation.—Manufacturers and exporters of blastfurnace
 and rolling-mill products, not connected with the United
States Steel Corporation, have expressed themselves to the Commission
 generally in favor of some further measure of cooperation
among themselves for the export trade than at present exists, though
no definite projects for export organizations were proposed. Three
of the largest of such manufacturers have stated their conviction that

commoners, roti on — ——— ee —————————
1 Transcript of Record, United States v. United States Steel Corporation. Testimony
nf? Tames A. Farrell, Vol. X, pp. 3783-3828.