The Teton peak. [volume] (St. Anthony, Idaho) 1899-1904, 1904-10-27
TIE DUMPING" POLICY
II Prevents Depression ana
Our Work ingmen Emploxs ~

qnently try TO make political rsp,t.l
claiming that the protective ia. ~ D!
sponsible for the fact that onr .,.'9
in some cases sell their merrh.,rils wy
less than prices charged in Dt
market. ~s
1t Is the very root of snre. l..
commercial ventures to hold r.,
have and gain what you can ~. 'Vl
/ is the same in all highly advar...1 '-i
mercal nations. including Engla. V~
free trade prevails. Wheucy. ''9
/ facturer has produced more s4,
i he can dispose of in the houa n.el-.
/ without disastrouSly affecting
/ is always good business policy
: try to get rid of his surplus al
en- than 10 reduce his output m
! dentally the number of men la ar,-1
and the wages he pays thee. r
dumping policy. as the Dem ,ts ..s
it, has again and again served
vent depression in our home li
has saved millions of doliars VS..
to American workingmcn II m.,
~ better that the foreigner ST
sionally yet goods cheaper tn IT,.
can be bought ut home, rather dan \.
No., b
can mills be forced into idl,uoss ..l
American workingnen into Serious bss
in wages.
How British manufactures prrso.
this dumping policy just the same q,
American manufacturers wiz do vba,
the necessity arises, is shown III raoo,.
consular reports (See circular No a.s-
Department of Commerce and Lob,.
Samuel NJ. Taylor, L. S. Consul nj Ola.
gov, Scotland, says:
Manufactured steel for exnort is sal, ..
. TO 10 per cent less than for domestic rsa
and even at greater reduction In otbe
words the cost of transportation Ia forelrn
countries where competition is Lriut T.
| largely assumed by the British evnortnr 20
manufacturer by means of this reanetlog
Even England is treated as foreign hy tbs
Scotch manufacturer and gets reduction,
accordingly. The Scotch mAUufa,tur-
neither expects nor receives the same pr0at
| on his exports to foreign countries that i,
obtains at home. In Scotland comina
tion of prices exists which fixes Inc mica,
| OF steel plate for the whole of scotland .o3
| gives the members of the comhinarlaa
| power to sell in other districts than Sot
land, at whatever prices they choose
may mention in this connection that an
| American sewing machine COMPANY which
In addition to having large works In m,
| United States. has works in Scotland SUM-
Gent to supply the European trade make,
British consumers pay more for machine,
| manufactured in Great Britain than Amer
| lean consumers pay for those manufactured
| in the United States.
Rufus Fleming, u. S. Consul at Edin.
burgh. Scotland, says:
II is the policy Of British manufacturers
to maintain prices in the home market a,
the highest possible level ana to make what.
ever concessions may be necessary in for.
eign markets. At all times. even when
general trade conditions at home and abroad
are excellent. 1t is the rule. in British 10.
dustry, to quote lower prices to foreign buy
ers than to the average domestic trader
The difference In favor OF the foreigner 0,
exporter ranges from TO per cent.
| have seen invoices Of n British firm Of steei
wire manufactures to German buyers IN
which the prices were fully 2o1a per cent
lower than the prices quoted to home
toners. This reduction was not due 10 an
| extra ordinary surplus. but principally TO
determination to put a certain line Of goods
into competitive markets. In most trades
the one fixed purpose Is not to reduce
prices to British customers until forced to
do
A prominent brewer, an ex-member Of
Parliament, said:
have been dumping ale and beer on for
eign markets all my life. whenever have
had n surplus Practically every manufae
turer In this country sells his goods abroad
FOR the best price they Will bring, whel
his stock is too heavy to be unloaded at
home In reasonable time. without breas
Ing the market
James Boyle, u. S. Consul at Liver
pool, England, says:
The most interesting instance Of dumpirl
In this Consular district OF which ! nave
knowledge, was that of Drummer. Mond q
| Co, chemical manufacturers OF Northwlca
| Cheshire. The products inv olved We're SOFA
| ash and bicarbonate of soda. 1t was us
tinct policy OF this firm TO sell their proc
ucts on the American market al raw
which not only undercut the American
product. but was less than the price IN tns
fish markets. This went on for some tiih
until the firm effected an arrangement WIZ
parties. both American and foreign, ihtI
ested in the sale of chemicals In the umlw
States, and then, as ! am Informed, peeaw'
part owners in chemical factories ~ Syss
cuse, n. y, and in Michigan. believe
| Is true. even now. that occasionally cel'al,,
chemicals, and particularly bicarbonate
soda, produced in this neighhorhoou, Ai'
sold cheaper in the United States 'han
this market. l am Informed that CeI l1r,
| otter manufacturers, like the wen. hhp Ys
firm of Nettlefolds U4imited) OF llfuius,
ham, which makes iron and brass o Az,
wooden screws, often sell abroad cheap1
than at home.
!, II. Clay Evans. Consul General "
London, England says: Il find that hlan
ufacturers here endeavor to malnla',|
. home markets, but when they can NV
, a foreign market, they will bid ioi W
get it il they can without too gre"
, loss. and thus increase the dcnand ~
their output and reduce the cost Of Nv
, duetion without demoralizing noI'
prices"