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Brass industrialist tells Monopoly Committee they 'follow the leader and pray for profit.' Washington, D.C., May 9. H.L.Randall, President of the Riverside Metal Co., left, and John Coe, Jr., Vice President of the American Brass Co., on the right, witnesses before the Monopoly Committee's hearings on the beryllium industry today. Senator Joseph O'Mahoney, Co-chairman of the Committee, asking about the relation of price and production costs, received from Randell in reply, 'We follow the price set by the leader and pray that we will make a profit.' Coe denied that his firm set prices for others to follow. O'Mahoney mentioned that certain beryllium allow products had increased in price when raw materials were cheap, and Coe countered that his firm had lost from $10,000 to $20,000 annually over a period of years while they were developing beryllium processes

Brass industrialist tells Monopoly Committee they 'follow the leader a...

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