Show ANOTHER COPPER TRUST flat 41 aard to rr ilo aa action affer july 1 alio new boil dal letin of june 16 says alter after it a long period of negotiation the producers of copper in europe and tha united states slates have arrive c an to 0 restrict production after J july illy 1 next can call have ag agreed gired to restrict their exports of copper to 10 europe in consideration s ide ration fur for v inch the spanish brodu reri cort have pledged to cut down their prod production action 3 5 per cent tho the object of this lagree agreement ment is of course te tc bring brin about ft a higher level of pi ices ices whether or not tho the producers can successfully cess fully bold tog together ethor to put p it prices back where they wore were during the e existence of the great copper combine ia i i 1885 9 it is ia certain that there lias has been left for them a duty ft I 1 ta c cuts cents per pound which was about all could do to invite another topper copper trust to repeat the outrage perpetrated in issa upon tile american people it will be remembered that in ISSO the copper IT alt sold american copper so much cheaper cli caper in europe that it was re imported and an sold at a profit hero here fitter after paying a duty of four cents per pound and from april to august I 1 the foreign price never exceeded eight cents and the domestic price wai never less than twelve cents but for tho duty no such difference could have existed existe dawl anil of the french syndicate upon our industries would have been as E lichtas they were upon european industries tho the effect of high prices for raw mi ma t of any kind is farr caching and disastrous how tile consumers of copper mere ere affected by bythe the high of isby IAM is described by james powell president denhof of tile the union brass company of if cincinnati Cincin niti in the engineering Engin cering and linni jonen il of jan 19 when the syndicate began brass workers all over the country were fully full employed at good wages arid and while tilo demand for goods may not have been kept up lip at all times with the same vigor or yet the price of the raw material was vas iucci 11 ell as to afford a living profit to the C opper copper producer only the consumption of brass goods bockl s for steam water and gas has fallen olf off from t 21 to 10 per cent with no prospect of an all improvement tho the manipulations of the combine havo have buen bren th disastrous calamity for the lie general opper copper of till country itry that has ever befall ch them aa evidence that the american C end 11 1 of this agreement is anade in good faith it is reported from midi mich that a general strike is imminent at the great calumet and corper copper mi mine lie the company compi iny instead of acknowledging l ing openly that they intend anten a to ic Ze strict production di by closing the malc ahio all announce lounce that they will discharge all employees who aro are in members embErs of the kni knights lits of labor or of any other labor organization ion they know that this will not only precipitate a long struggle that will restrict production but blit it will gi gaie e them an all opportunity port unity to utilize cheap i labor when they aro are ready to resume opera eions and perhaps to starve some of the strikers Etri kera into accepting lower waxes wages |