The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-02
TRUSTS PUTTING Up pprs'
(From the indianapolis 60

U'rom the indianapolis sen,,....
The fall In wheat comes Al N. .-'''
with an advance in protected .rt,., Y,
is quite notable. The new steel tr,' y
put steel biliets up to $3.50 \.
s15 on January /. and the pr,,.
inits OF import. The duty Il ~
on the lowest grades. The mst.,.
country are all controlled BY ,,,.
have all been advanced. The jan,...'
quotations Of the metal market q
cember 81, 1898, were as follows. y y
/ New York. December 30-A, Z
the metal exchange called pip NJ ~
rants firm at S7.75 nominal I,sns4 N.
strong at he bid and 13.25n ass., sp gss
strong at lS.90c bid and i9c ssrss ~
/ firm at 9S7iac bid and 3.90c asksd !. lAli
unchanged at 5.15c nominal. ~. spsa'5
quoted at l2,I5c and lead at AJAX ~
firm liking the settling price ~ " "
miners and smelters in the Wes, 'ssgas
4 The same quotations last FrIda. y.
( follows; '~H
! New York, March 2S.4-At the o,...
metal exchange called pig iron ~ w
quiet and nominal, with sl0.5O IA ~
4 asked. Lake copper DUH and n ~ "
with 1850 bid and 1T.25c askes $500. ~
steady, with 2365c bid and 2s.;5r "a. u
Lead unchanged, with 4.4Oc bid apd W..
asked. Spelter unchanged, with 4 , ssss
and 6.i0c asked. The brokers RE- ME- y
lead is 4.2oc and for copper l72safM,,AI9
This means simply that the trus', !
these various lines are taking aav,,'. =
of the depleted stocks in the couutrr \,
are preparing to take tribute from 4. Z,
pie who have to use hardware. N.
suit is already apparent In had,,,s.
The Journals local report Of Ds,,.s..
was as follows:
Steel cut nails. SITE; wire nails II.
store, S1.90@2 rates; from mill M M
rates. Horseshoes, per keg. 81 "a, <, ~
shoes, per key, $3.50; horse nails Nh Nh
per box. Barb wire, galvanized, 81; MI, MI
ed. SIZE. 's'-'
On the same lines of goods the ou0.,
tons last Friday We're:
Steel cut nails. 49, wire palls Il.
store, s2.4o@2.50 rates; from mill NJ
rates. Horseshoes, per key, $3.50, MI,
; shoes per keg, $3.50; hsse nails M,
, per box. Barb wire, galvanized M
painted, s2.25.
The building season Is lust beslap,.
and the people are called upon 10 ~.
tribute to these great organizations Il.
tax which our system permits then % In,
! pose. If it should be openly proposed i,
the people that certain factories be Il.
: lowed to put tax of from 12ls to d ps
; cent on the articles they use In daily iii,
> they would protest against 1t, and yet ,hst
5 is exactly what is being done By IN
3 trusts with nails and barb wire.l And h i
: done at present by reason OF the tiri
duties, which at current prices are bau
' eXacted to tho limit, and going into III
. Golfers Of the protection benehciafles y
r course every trust that is ORGANIZED 4
claimed to be for the purpose Of redasaI
expenses by economy Of operation, VI
every one of them is actually operated i
, advance prices whenever 1t can be dsA
1 and to attain this result by reducing ts'
, duction and suppressing competition, To-
fact can not be disguised, and II b ull
. fair to assume that it is the primary ".
pose Of the trust organization,
~
The attorney general Of tho Unla
!. States says that he can do nothing hscsl'
: the evil does not come under interFzt
commerce provisions. 1t is true that S1'
i antitrust laws could largely relntorcs D.
Federal powers, but it is equally tue ";
every important trust In the country Y q
an insterstate basis, and everybody ha''
u it. 1t would be impossible Tor any Of iaa
to do much harm without coltfels
plants in different States They could -
otherwise control production or pfsHl
Q competition. If the administering Wv
a as DESTROYS of suppressing trusts a "
OF suppressing Cubans and Flllp'ho
n could very easily do something. Wnep
was desired to suppress strikers uA4.
Q this law It was done, When 1t was ds''e'
a to suppress railway pools under ll'' y
q it was done. If the country had an wv,
ney general and president who 0'a',
to suppress trusts there would pc nuH
this easy-going talk about the sta'es 4,
ing to do the work. But the iahu'
s the United States to do its duty . I,
y cuse for any State failing to DO No "
Z There is no excuse for Indiana n.y. ~
: ing an effective antitrust law. lM n
: son it has none is simply that INC -
r controlled the legislature.