OCR Text |
Show The progress of International combinations com-binations to control prices and hold markets goes on apace In these days Of swift communication and convenient conve-nient Intercourse. The moat important and recent instance of it Is in the report re-port of U. S. Consul James C. McNally at Liege, Belgium. He Is Informed that "within the past fifteen days manufacturers of steel rails In England. Eng-land. Germany, France, and Belgium met In London and entered Into an arrangement ar-rangement to control the price and output out-put In this branch of the steel Industry. This combination, it is said, was formed to compete with the American manufacturers, who are underselling the European manufacturers in their own markets. According to my Informant, In-formant, the percentage of the production produc-tion Is to be as follows: England, x. Germany. 81; Belgium. 1"; France, 4." It Is a formidable trade mow. beside It, the U. S. Steel corporation diminishes dimin-ishes to comparatively small proportions. |