The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-18

count the nAin In permanency Of employ
nDent. an important factor ~ regards the
standard ol living
Tsr Trusts and Prices.
IT, growth of trusts has leen . per
-i-tent and notable f.atup. &c the period
of rising prices since Is07. According to
the Twelfth Census this form % corporate
industry was almost entirely Developed
in the United States during the period Ire
tween the cenHISes % IsoO and Ieo0' BY
reference 20 the lissinga on the New York
Stock Exchange IL IL found that the trust
or the industrial combination was devel-
oped mainly after IsoS In Isos new stocks
and bonds were listed % a par value %
more than 81 .OOO, on OOO, a total heretofore
unprecedented. The annual listings adj
vanced rapidly. eliminating In 1901 with
an aggregate OF g. 500 900 coo.
The Federal census Of manufactures OF
1895 contained some remarkable static
tics bearing ON the concentration Of in
duStry. Although the five years since
ISOO yielded an increase OF - 7 per cent.
in annual output. the number % estAb-
lishments remained almost constant.
with an increase Of only ~ per cent
Ia most one-halI % the industries sep
arat"ly enumerated there was either no
increase in the number Of plants or a poaI-
tive decline. About NO suear refluertes.
nearly no tanneriea. upward 81 200 woollen
mills and nearly 80 shoe factories dir-
appsa rcd from the list Of independent
establishments; while tho number II
slaugl terinG plants. tobacco factories.
paper and carpet mills and the like re-
maines, practically UNCHANGED. Yet the
annual nrocI,ict in ions excea,ied that ~
ISOo by q. sol 900 600.
In az least seven industries. compris-
ing petr oleum and a,ear ref,nIn0 IIouor
dis,iIlins. tobacco. beef. saI,. and iron
and steel. trust. mopoooIi,ei from q
20 ~ per cent Of che h,,.lne.n In tan
other industries. embracing the manu-
facture Of woollen and xorutad goods
leather wood mir 49,. Sa-,iii,.w.
siIverwara and rubber goods. ty1,sts had
n mononolv NJ from an IN Il mar cen, ~
the busipeea
Meanwhile In tho ah.ance NJ any o,orn.
nrrhenaive nuhlic Ipvautiga,ior 10 a. ,ro.
ponsible 20 knov hovv FAR ,y,,a,. h.vo ,,..d
their nower to advance ,,ric.. .xhi,r,rilv
The indtstyfal combination n y,rir,.r,I,,
n dnvic. for chaanecIn., ,hS 60, - 49,
ductng and rnark.tir. ,oy,vro,i,i.. n,
th~ ty,,.. n NOT C,,.ro.v,i,.II...,l !, .h,,,,ld
he able "a incr...a h,o,h dI,,ids,,d. -
wawea without r.i.ir. 49,. I. g.. ..k,1,.h
invita- co,nr.,i,I,,,, ,,r,,,i,.,. 49,. a. =.
an actual monoDolv ~ r.w rro,,,,,.,.
Some ,r,,s,a ara knowr a. h,,,. ,,.i,,-
tanned the LOGICAL r,olicv, ~ bolI;ys, rri,,,..
nj n moderate non F,c,u.,inT Ill
In certain Instance wh.r. ,r,,., nri,,,.
have advanced \, /. yo,,rd ,h., a.. "a
vance in The hni.hs,I ,,rc,I,,,, b.. M,
cee,ipd that in the raw nro,,,c, Tt,,.
ref1ned petrol.ur, has adv.no..,t l.. ,h.,'
crude petroleum, rhich !. NO, I. ,,,,., 49,.
nc, similarlv fr..h b,...S h.. ,,,,,s,,c..,.
no faster than cattls- the ri... in -h;,.h !.
explainei bv the hr.akinU IN ~ ,h.. W,
ern ranches and th.. gr..,,,..r Co., % 60
fa.I a,ock
uou,.v.r ,,r ~, -,,-,., -, ,.,,. All.
I, /. NO, s..sr,isI 20 ds,,,rnir,, ,,ha,h.,
r,r;r... ~ to-, 80, ,,,,,,'II;,,,. -.
h.en a. a raj. advanosd arti,-.rtlx ,h.,
- ou, % ,r,ror,i,,, =, a., -, - -
Da,.rials-,be weigh, ~ corp.,ep, onir.
ion seems IN b. that they have motor
whether trust prices are higher than com
petitive prices. All that Se are required
'" snow u THAT trusts cannot IL re~pon-i-
"'e Tor the general rSe In commodity
prices. ms may be done by pointing out
that trust control obtains only in COM
psrauNely few OF the SSs Industries emu
inerateo In IN" cens'ls. Trust control GER
tainly does not extend 20 the most inn
portSm OF all our Industries. namely.
agriculture yet agricultural products
have Increased IN value faster than other
commodities All crops Tor which the
farm value - known have Increased In
relative pr1c" at the farm more than
the generality ~ commodities Since the
earlier part OF the PRESENT price ascending
peri"d the price q corn has more than
doubled, and - has the price of oats.
Potatoes have nearly doubled In price:
Wh"at has Increased hy twO-thirds; rye.
buckwheat and tohacco by three fifths:
HARLEY by 20 per cent: cotton by three
e'ghths. and hay ny Is per cent. Com
bining farm crops and farm animals the
general average advance IN price 10 - per
cent. In IN" meantime all commodities
together Increased only p per cent.
The IDcrrnse., suuU,y nj Cob.
17,.,A.. -,
=, -, - = S''n -