The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-11-30
OPERATIONS OF
GERMAN TRUSTS

The Steel Works Syndicate appears
to remain permanent German lnsti-
tuition, and its benefits are generally
recognized Although 1t has deprived
works OF their individuality and In
dependence, the leveling result and
the lasting and uniform Improvement
and stability in trade are so very
beneficial that works have gladly CIV
en- up part of their Independence for
other and greater advantages.
The Pig Iron Syndicate has not met
with the same success. and the Lor-
c-LuXembuTg Syndicate has prov
ed a failure. The heavy metal plate
manufacturers have formed a syndi-
cate which appears to have improved
prices The lighter metal plate man"
ufacturers are at present trying to
form a syndicate A price conven-
ton has also been formed among wire
manufacturerS-dra wire and wire
nail makers.
The Pipe Syndicate has had many
difficulties to contend with. A num-
ber OF very powerful works did not
join the syndicate and 1t has been
obliged to fight for its very existence
against the large outstanding works
The syndicate reduced its price by
$975 a ton Tor Westphalia and the
Rhenish provinces and South Ger
many. This means a larger turnover
without OF with very small profit. In
this Pipe Syndicate there are Subdi-
visions. as, for Instance. the gas pipe.
the boiler pipe, the cast iron pipe
syndicates, all of which follow up
their own special interests.
The Steel Cast Goods Syndicate has
been renewed both In this district and
In Upper Sllesia The Rivct Syndi-
cate has been strengthened by
number of new powerful members.
The International Sleeper Kartell has
also been strengthened by the addis
ton OF number of Russian works.
The syndicate movement has also
spread to a number of other metal in
dustries. An international Zinc Fur
mace syndicate and an international
lead syndicate have been formed and
at present an international copper
syndicate is being formed.
The timber industry has two addi-
tional syndicates, namely. the North
west German Planed Wood syndicate
and the Rhenish Westphalia Building
cate has been formed to safeguard
the match trade, particularly neces-
sary at present, as the government
has placed heavy taxes on matches.
On the other hand n number of syn
dicates have been dissolved, such as
| the cycle syndicate and brass syndi-
cate and a number of cement syndi-
Gates.
Important amalgamatiOns have ta
ken place during the last IL months
| Some important shipping lines and
| some large banks have amalgamated.
| One of the most important of the
| year was the amalgamatlon of a min
| ing company and furnace owning con
| cern with shipping company. 1t is
| a noteworthy fact that nowadays the
| largest concerns owning coal mines
iron ore fields. blast furnaces and
steel works have been the HIost sue
cessfu they depend less and less
o nmarketS and do best when they
produce their own raw material and
manufacture everything themselves.
| Now the tendency is to go a step
| further and amalgamate with the ship
| ping companies on the Rhine in or,
! der TO be still better able TO com.
| pete in the marketing of their fin.
ished articles. AS a rule the larger
the concern and the more many sided
the more satisfactory the dividend is
1t is a fact that all the one sided con.
Germs. whether IRON steel manufactur.
erS or coal mine owners, do less well
singly than when they combine. Hence
nowadays nearly all the iron and steel
manufacturers own their own coal and
iron ore fields. Formerly large works
tried to increase their turnoyers b.
enlarging thei works, whereas now
they try TO increase their profits by
| producing their own raw material.
In some branches OF industry there
still exists the tendency toward en-,
larGing and expanding the works be.
yond reasonablenesS: there is a case
In question of a pipe making concern
which has enlarged Its works to such
an extent that it is forced to find for,
eign markets for over so per cent of
| It's products.-Report of British Con
sui at Dusseldorf.