EUROPE'S TRADE.
AMERICA GETTING CONTROL. MONOPOLY OF STEEL AND COAL, ! By Telezrapli.—Press Aasn.—Copyright. | Received Sept. 28, 11.5 p.m. London, Sept. 25. The Observer says that besides American efforts to corftrol the world's shipping, the American Steel Corporation is seeking to monopolise the supply of the products of the Continent. First came the establishment in Germany of the Amstea concern, a subi sidiary business of the United States Steel Products Corporation, the steel trust's selling end. Amstea has already sold 75,000 tons of ship plates in German yards. More important still it is now announced from Paris that Herr Stinnes, Tyssens, Sclmieder, and Crensot, and the United States Steel Corporation and the National City Bank, both the latter i linking up with the Standard Oil, have reached an agreement aiming at the exclusion of British industry from the reconstruction of Europe. Americans are also negotiating for the purchase or lease of shipbuilding yards lat Reval, thence distributing steel pro- | ducts to the Baltic, and offering to supjply Eithonia with eoal for a period of years.—Aus.-N.Z, Cable Assn.
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Taranaki Daily News, 27 September 1920, Page 5
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176EUROPE'S TRADE. Taranaki Daily News, 27 September 1920, Page 5
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