The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1892-04-22

Cordaeo Co. Indiana and the A. orIp
can HnVwinv Co. Nav York The
trust has also secured control. ~ pur-
chase or cont.act. OF the plants Of the
manuf actnrers oi machinery:
w. q Boone. Jr.. BROOKLYN; Joseph e.
Todd. Patterson. and John Good. brook
lvn.
In addition 70 the forty-Avc concerns
mentioned above, the trust claims the
control OF four others, making . total
or forty nine properties
At the time OF is organization In
1857, the trust announced as the object
sought bv its formation. an increase in
the profits to be derived from lower
cost OF materials BY the removal Of
competition in the market and from tho
economies ~ be derived from n decrease
- III. 49,. - ~.,,.,.,;<~. - 30. -.
- W .s $500 a;.. 80. - at,.,rr,
xonld n. made 20 raise the prices OF
a. f,n;shed nroducts
Tbesa claims were repeatcd Al tho
time u III reorganization as 1. corpor-
alton ana finally in February last in
the ANIMAL report 70 the stockholders
~ the followiny terms: Through
these ADVANTAGES secured by the con-
troll ~ many mills. and their manage.
ment under one direction. the company
hores 20 10 e,ah,ed In secure an in
c~s.sad c,.rr;n 81 nrodt without in.
crcas;ny IN prices Of its prod uct 10 the
ccrs,m.r-
las the trust nm TO the present car
~;ad ort ,,,;s rro,nise ~ n nor. 4 there
anv Likelihood that IL win do 50 in tho
fr,preo
In the following tables are shown tho
avsraoe yearly nricss since ISIS Of ,hs
r.,v material and finished product.
rbe ARTICLES THO nri..e Of which are
given. arc manila hemp and manila
cordaoe -.ls ~ an incn IN diameter
ana larcar Il ceo,s per Mound:
| ls.s 1857 isss. 1859 1890 1921
/ Coraage. ...il7e ii,a u = ts7 1883 ssi
Manila 20 ~ 20 ~ - -.
/ Difference 40. Az ell i57 40 2-Ol
| these figures would be misleading
I without explanation. The high prices
OF the raw material prevailing in 1850
were in part due TO a shortage in the
| crop but chiefly to the manipulation
Of Tie market by biuati IN Of the
coriage trust ant English brokers In
the fail OF 1855 This combination began
TO corner the product with such com.
plete success that during large part
Of 1889 they controlled nearly all OF the
stock. The prices prevailing in 1883
were those at which the trust was will
ING TO sell and not the prices which II
paid f5r the raw material by this
corner Of the raw m aterial the trust
was able TO keep IN the price OF cord
ace to the high averages shown fol
1859 and 1880. until it hal succeeded in
working off the whole stock on hand
The difference between the price o.
the finished product and of the raw
material for 1890, as shown above. wa
about the actual average difference Il
| 1859 also This shows that the trust
succeeded In making enormous profits
entirely at the expense Of the con
sumers.
The reduction in the price of cordage
was made for q purpose. During thu
| whole year the trust was negotiating
for the control OF the independent IS
tablish ments. and its success depende'
'. upon its ability to force these outsider
70 terms For had the trust KEEP
prices IN. the outside esta blishment
would either have refused Z, join tn
: trust or would have held out for rnor
| favorable terms than they would hav
been willing to accept unier other cir
cumstanceS
By Oc,ober. 1901, the trust had so ia
: succeeded ia securing control Of III
|, competing mills that il was able to I'd
: vance prices again. As result, III
!. price ~ cordagc has been raised froI
sslc -er pound to the present price Q
, IKE per pound. And this advanc
. has been made directly in the fac 2
declining market for the mate ria
. The present price for manila for shiI
. ment j. OF to &c per pound. Tie di
! ference between this price and tina
!, u the finished proouct IS therefore
. | 3sc per pound The promise made 3
!. the trust. that the increas profit
| which IL hoped to secure from orean Ia
\ ton would not be at the expense Of n
: consumer has been completed forgo
Y l ten.
In spite Of the fact that the cordac
n trust engaged in open war during n
! whole OF last year with the indepen'
4 ent manufactures Tor the purpose