The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-03-29
Pessimistic Financiers Predict Panic in Eng
land-The Proposed Combination to Con-
troll Production of Tin-Plates.
Rum0r that Another Extensive Nihilist
Plot Has Been Unearthed in Russia.
Great Demand for Tickets to the House of Com
mons, Where Mr.. Gladstone Will To-Day
EulOgize the Deeds of John Bright.
COMMERCIAL SCHEMES.
The French War Against American Porl.
The English Tin-Plate Combination.

The French War Against American Pork
The English Tin-Plate Combination.
LONDON, March 2S.-It is now pretty GER
tain that a measure which has been delayed
by the copper furry will be urged in the
French Chamber as soon as it is thought ad-
visable. The rural Deputies, egged on by
their constituents, have succeeded
in partially excluding American pork.
lard and other hog products, thus raising
their price for the benefit of the French
hog-raisers. The enemies of the American
pig. in justification of their course, circu-
late every now and then, through the press,
dire stories as to the diseases produced
among innocent consumers. stories prob
ably hbelous, as the smuggled Yankee
porker brings the highest market prices,
although sold altogether as French prod
uct. The same state of things exists in
Germany, while in England American
hams, such commodities as cheese. fruit,
flour and other articles are vended as prod
ucts of Great Britain. In fact. John Bull
looks with alarm upon the increasing in
yasiOn, and inquiries where it will end.
Even as regards one of the firmest props of
his industries he is alarm ed by the reports
of statisticians. His coal is becoming ex-
hausted, and of course growing higher in
price, and the proposed coal trust will car
ry it still higher by contracting the pro-
ductiOn. The miners are alarmed and will
fight the mine-owners.
Some pessimistic financiers foretell a
speedy panic in London which will rival
the Panama and copper crashes in France.
The nitrate schemes are especially looked
upon with suspicion and many holders are
withdrawing at loss. The project to form
a combination of tin-plate manufacturers
to control the price and amount of prOduc-
tiOn received a check when on the point Of
consummation, by the receipt of private re-
ports concerning the tin mines discovered
In Dakota. Whilemany of those interested
In the proposed combination look at the
stories of their richness as exaggerated or
altogether untrue, prudence demands fur
ther investigation. One Jewish capitalist is
known to have invested heavily in the
Dakota fields on the strength of reports
sent to him by a relative in America, and
the amount of money he has at stake is
enormous The mines of Cornwall are
worked with ever-increasing difficulty and
expense. The Banca deposits are the only
others of known value, and the product of
this distant Malayan district is uncertain.
The South Wales and Worcestershire tin
plate-makers look with alarm at the possi-
bility of having to contend with factories
established in the heart of the country
which is by far their best customer. 1t NAV
be looked upon as certain that If the situa-
tiOn proves to be as critical for them as it
now seems, they will make desperate
effort to gain control of the Dakota mines
at any cost.