MONOPOLISTS WARNED
U.S. TO PROTECT HER INDUSTRIES AN EFFECTIVE THREAT Received November 1, 11.5 p.m. NEW YORK, Oct. 31. Foreign monopilist s of raw materials essential to Americian industry were warned by Secretary Hoover in a speech at Eric, Pennsylvania, to-night, that if unfair exactions continued they could expect the United States to retaliate by organising the Government to shove upward prices on the commodities it produces for world trade. The United States had enforced hnti-trust laws to prevent producers combining to mulct consumers of American products but now could easily countenance the creation of combinations which would do with prices of cotton, copper and oil, what had been done by English, Brazilian, French, German and other producers of raw materials imported into America.
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Bibliographic details
Wanganui Chronicle, Volume LXXXII, Issue 19444, 2 November 1925, Page 9
Word Count
124MONOPOLISTS WARNED Wanganui Chronicle, Volume LXXXII, Issue 19444, 2 November 1925, Page 9
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