WORLD COMBINES.

Dominion, Volume 2, Issue 416, 27 January 1909, Page 7

WORLD COMBINES.

IDLE SHIPS. | PROPOSED LIMITING OF TONNAGE.: v, PLENTY QF SUPPORT. (BI TEE'EGIUriC—PRESS ASSOCIATION—COPTBIORT.) I ;(ilce; January 26, 11.45 p.m.) . ' ; London,.January.26; . The norihc-rn shipowners, at a mo<?tir.£ at Newcastle, adopted the principle of an international union schemo cabled' on' 1 January, 19, which is to bo submitted to the approaching Baltic Conference at Copenhagen ■>: *./. ■ -, Messages -of support have been received from all parts of the United Kingdom and abroad from persons and'-firms representing ' a capital of fifty, millioit sterling. : i.{■ ./■; The scheme is welcomed" with" enthusiasm • in Japan.' ' : :oV'.7'* V,V'ifit was •.previously cabled that North-east Coast shipowners had determined to regulatp the supply of tonnage to the demand—bec&use of the quantity-of idle'shipping—and' ;had drafted a tentative schemoito.lay up all tonnage for certain periods annually,:; The cablegram added: "The scheme has been well received at Cardiff, Liverpool, and.- other ' places;; though! it has not evoked much eatbusaism on'Hke. Clyde/']' :v; A STEEL RAIL SYNDICATE. MARKETS SHARED. FIVE COUNTRIES PARTICIPATE. London, January 25.V . Mr. : Pepper, agent of the United .States Department of Commerce and .Labour, confirms .the existence of a steel rail syndicate, including''': American, !' British, German, French, and Belgian mills, mutually sharing the world's trade by means of a subdivision of.' markets. -:. ■ ■ ' ■ {■■■ [The existence of an international rail combination has baen repotted for some time. In | November last, -'some.- commotion was caused within the combination '.by r.the keen .competition of two outside concerns, the Dominion Iron and Steer Co. "of Nova Scotia, and. a Russian film. The former! had been securing big' orders in; India and Australia, and,'the Russian' firm had: been invading the British'market.V^lt,has not '• transpired how these daring rivals were dealt with. The "Iron and Steel.Trades' Jo,urnal"' not 'long ago, remarked, that Rus"sia' ; 'waß manufacturing . more steel than. Germaiiy and: France combined.j 'V-' : k