AMERICAN PRODUCTS.
FOREIGN MONOPOLISTS. MR HOOVER’S WARNING. NEW YORK, Nov. 1. Foreign monopolists of raw materials essential to American industry wero warned by the Secretary, of Commerce, Mr H. C. Hoover, in a speech at Erio (Pennsylvania) tonight that if unfair exactions continued, they could expect the United States to retaliate by organising governmentally to ' shove upwards the prices of commodities it produces for world trade. The United States had enf/rreed antitrust laws 'to. prevent producers combining to mulct consumers of American products, but now it could easily countenance the creation of combinations, which would do with the prices of cotton, copper and oil wliat had been dono by English, Brazilian, Eranco-German and other producers with raw materials imported into America. —A. and N.Z. cable.
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Manawatu Standard, Volume XLV, Issue 283, 3 November 1925, Page 12
Word Count
125AMERICAN PRODUCTS. Manawatu Standard, Volume XLV, Issue 283, 3 November 1925, Page 12
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