CANDY MONOPOLY.

New Zealand Herald, Volume XLVI, Issue 14109, 10 July 1909, Page 2 (Supplement)

CANDY MONOPOLY.

NEW VENTURE OF STANDARD T s||l It is karned in New York that' the ewW, |i of multi-millionaire* composing the Stand- & arc! Oil Trust have set out to control the M immensely profitable "candy" (sweetstuflg industry' of the United States. • It *I M soon manufacture sweets in its, owa-f* tories and retail the product in its o«s M shops- . . ~ ' The fact comes as a revelation to &|| majority of Americans, who, despite '-' |& ; newspapers, have apparently not tw 3 J J aware of, or have been indifferent to, » l 3 remarkable / ramifications of " th».:gi^. ; f| monopoly. ■■' It' now absolutely' control'™ copper, gas, and electric supplies, <"-■< largely, interested in steel, coal, em@ ititt |B1 department 'stores, and a certain class cheap iieashop. ' ;'; .!<■ ti*«* &ji| With enormous dividends demanding *am investment, it is constantly invading "J C J? fields, and its appearance in any indut-; ISS ultimately means it*> control of it. The eweetstuff venture is a curious # || ; growth of another monopoly. I r ' ve JS |S ago a group of Standard Oil men, inclW.S the Messrs. Rockefeller, Rogers, ■» •■ m Pratt, saw a new and profitable el< **| the glucose industry, then under the'» |||| trol of a feeble western combination. *« organised a- company, engaged experts, started manufacturing glucose from uttfij waste. Two years later their rivals, ■«!<? passing through a receivership, «- ft g sorbed by the new company, - which »Tg . manufactures . 85 per cent, of the produced in the United States. . «» j g per cent, of . this glucose is utili se »,%jj M manufacture of American " candy. ;.J3l ffi Standard group, following the preceo^« in other fields, will now seize all tne-PJJJ flffi of the industry by pursuing the • pr™" 1 1 > direct -to the ultimate consumer. ,-,; \'-<; J"f