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Show isiSl Foreign Capital Dipping DeeS Into United States Stock Jj AMERICA IS FAVORED Jp IN THE WORLD M Whole Situation Will ,w Brought Before Congress mL Lengthy Report, w By Leated Wire to Tho Tribune' tw WASHINGTON, Oct. ppJMp I'rom New York concerning hIIsK heavy buying of United States Stl: stock for foreign account aro faftK studied with attention hy the rqvBc mcnt officials who havo been invcjtl'B ing rccont steel developments abrojflft A comprohonsivo report on the iBl steel nnd iron situation will untlouKB ly bo sent to congress this winter. TB aro disposed to attributo tho buiV movement lo an nffort to bring abH a closer understanding betwiion ihe'jP eign steel interests represented at riB cut in the steel rail " kartell" or cSB Eoporta which havo lately tieenH ceived horo from trustworthy soarH indicate that the "kartell" is treatV the Unitod States very genorouahrB respect lo the amount of our iirodHl tlon it will handle, and hn. of cuajP limits in corresponding prononionMr1 quantities of exporf rails tuat C2t)9l handled from other countries. The information now in (ho bajH of the govcrnnienl shows that shares of fhe principal companies wlH aro parties to tho pooling nrranEcmB aro as follows: Jmm United Statos Second. jtr Great Britain. 37. fj per cent oflft lotnl of international consumptiB United States. 25.7 per cent; GcrmM 20.1; Belgium, 1 2.3.1; France. 4.47. In caso the quantities of rails actijH ly needed aro below the nllotsB granted by tho pool, iho3c couniH which have sold more than i heir aJH mcnt pay a premium through theiriiB ip those who have sold less. yH Tho United States did not cojne iB the pool until tho close of the vB of 1 905, but since then the trealaiB accorded this country has grown iltB edly favorable. Austria and IjBfi joined tho pool in IU0G and sonic ofiH leading .Russian concerns in 100S, Tho government's present gguH show tho imporinncp of" the srnrltrH as now organized, in the fact tlint' of a total quantity of steel rails enjH ing into international trade nmoH ing to 1,712,000 tons the syndicate' died in 1000 not less than 1,-iOSjH The consuming territory is for.i.fH current year subdivided in three grotHfl protected, favored and neutral. H country's rnil producers are regatdiB as having n Prior claim upon the tccted territory lying within their oiH area. Tho favored territory tor Unitod Kingdom -and for l-YnnttH dudes their respective protectorates aB colonics, for the United States a pH of Latin-Amorica, for Gorniany Scandinavian countries, for BolglunB part of South America, Egypt and';H pan. Other countries are clashed At present the agreement iudiea is to last until March 1, 1011. ;H |