First witness as Monopoly Committee begins study of steel industry. Washington, D.C., Nov. 1. First witness before the Monopoly Committee today as it opened a study of $4,000,000,000 steel industry was Elton Hoyt, 11, Manager of the Picklands, Mather, and Co., Cleveland, Ohio, who described his company's operations as manager for ore mining and shipping companies in the Lake Superior District. Hoyt told the committee his company had assets of $28,000,000 and managed 21 mines in the area