The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-03-01

Of xfhe ana Parlineas on
Bsssssh Markes.-sitssr Feelinx In
England.
-Phradelphia Record.o

HnUaQGlDnf4 1t~8Ao@f
The powerful influence Of King Ed
Ward and the English parliament are
tsaid to have practically closed the Brit
fish markets against American iron and
lsteel. and as a result there Is a general
by homeward movement Of the Euro
lpean representatives who have created
1.-The recent boom abroad The latest
drought over an unusual number Of our
business men In this line. who have
lclosed up their Offices across b At
llantic and have just reported TO their
Iconcerns that the Of trade,
throughout Great Britain. as well as
Germany and other countries. where
they have been doing a big business.
have been closed against them.
This information was yesterday fur
Inished by Frank Samuel. who had just
returned from Europe. Mr.. Samuel is
lone of the largest iron and steel ex-
iporters. and was one OF the first TO
introduce American manufactured iron
and steel In Europe. and has contrib
luted largely in bringing these products
forward In foreign markets. With N.
samuel came s. NJ. Tomlinson and n
number of other Pennsylvanians who
for over four years have been giving
special attention TO he export OF
american iron and steel to England
land foreign markets.
Opposition OF KING EDWARD.
These men state that the bottom has
dropped out of his line of trade IL
the leading markets which were 50
lnrnG 81 hia for tharf, IN m a few weeks
ago. England. in particular. has be-
come very bitter against our iron and
steel producers Since the first OF the
year. The opposition there has be-
lcome stronger within the past month
than at any previous period. King Ed
ward is said TO be closely affiliated with
the leaders in that branch of the Eng
lish manufacturing centers. and ar
liiament is in the near future to take
measures by which an embargo viii he
placed on American iron and steel.
Mr.. Samuel has been on most int
mate terms with the trade throughout
the European business centers. AMI up
to within the past two months has
found the English and German buyers
leager to do business with him. But
since the accession of King Edward h
has found that there has been q COM
Iplete change OF sentiment in these cir
lcles. He has been told recently that
England is heartily sick and tired OF
being the dumping ground for Ameri-
lean manufacturers and getting moth
ling in return.
WAR ON AMERICAN MANUFAC-
TURERS.
4 A movement has been started in
England, which has the endorsement
lof the new king and the government,
to put a heavy duty on American iron
and steel, as their market has been
.,t- -
lat us. Mr.. Samuel stated. was the low
lering of prices by the English and Ger
imam manufacturers to a point making
lit impossible for us 10 compete. This
has been done by the iron and steel men
II Europe. who have formed a combi-
lnatfon to protect themselves from the
Gigantic American trusts. 1t is felt in
England that there to be some
reciprocity on the part of America for
the open markets abroad.
For a period of five years England
lhaS enjoyed an era of wonderful pros
perity in this branch. but the C
has come and the manufacturers there
have just realized that we have ma 10
great inroads in their trade 1t has all
been in favor of America, and here the
foreign exporter has been shut out.
lSouth Africa, which was the greatest
market, has been closed. and China,
which came next, is commercially dead.
Mr.. Samuel IA the English are very
blue about this and do not express much
hope of the trouble in South Africa
being settled in the near future.
FEELING AGAINST BIG STEEL
TRUST.
1t does not look as il the affairs
abroad would adjust themselves very
soon. the English contend, and there.
fore they have been compelled to look
to their home markets. There Is bit
ter feeling all over Europe against the
great American combination Just form
led in the United States in iron and
steel. and combinations are bing form
led there for self-protection. I. is
nough In Europe that the big trust
has been formed to maintain high
prices. n this has lost the businesss
for us.
There Is no new business for Ameri-
can iron and steel abroad. and all we
now have are the orders that are pepd-
Ing. We will have TO depend on the
home market for the iron and steel
manufactured here" asserted SIR.
Samuel. THE freight rates have beer
lowered to a point not reached In more
than four years to get business. but
this has not brought new business.
There Is none. n there viii be none
until we show a disposition to recipro-
Icate- The European countries are tired
lof the selfishness of being Disseminated
against, and parties on the inside were
not surprised to learn of Russia'e re-
Itaiiation- Other viii follow.
NO MARKET TO PAY TRUST DIyI-
DENDS.
The easr has. OF course. beer mate
lrially helped by the trusts. but the re-
Imainder OF the country viii nave tn
lsufrer. 1t is simply impossible to main
tain a market to pay dividends on these
enormous lot OF stocks. The diyi-
ldends viii not be forthcoming, and then
There will be a general reaction JUST
las soon as the business In structural
lsteel and kindred lines reiaxes the peo-
Iple will feel it most keeniy. and then
there will be an uprising against the
trusts / am not a calamity howier.
but I have been a large deaIer I'm iron
land steel abroad, and I see what Is