New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-07
SHINES Combination

Hugo Shines" writes the Erpru
correspondent, land group of his fel.
+ low magnates are gradually welding I'll
the coal, iron, chemical. shipping, bank.
ing and paper industries into one vas.
machine, which will capture the worlds
trade.
Shines. it was announced recently.
controls $40 companies, whose capissl
exceeds s500,o00,0 900. He employs, q.
rectly and indirectly, 100000 work
men. There is not one single article IA
every day use that is not produced il
one of Stinnes's factories.
"Germany's working people ar.
econ olnizing, sacrificing and Throwing
themselves into real production"
The correspondent then goes on to
say that German steel is being shipped
into England at 95 ton cheaper than
the cost of British production. He
cites other instances of German undsr
selling, sucn as a pocket safety razor,
which sells at eight marks, about seven
pence III British money at the present
exchange rate, and which is being
turned out by forty factories at the
rate of 100000 yearly. Blades to
match are produced at the rate Of
30.000.00o annually. The price was
quoted the correspondent by the head
waiter in a Berlin hotel. who was act
ing as middleman. From the mani
fatcurers direct the price for large
quantities was less.
Besides Shines" says the CORE.
spondent, 1.-The big seven divide up
Gcrmany's industries among them.
They are Klockner, Thyssen, Wolf
Haniel, the Krupps, the Stumm group
and the Phoenix group These mag.
mates control what SHINES has left Of
Industrial Germany. They Lave fac
tories which deal with the raw Goa
down to the tiny flask of exquisite
perfume which is produced from one
of the many by-products of coal tar.
The industrial progress that Germany
has made since the armistlce, according
to the correspondent, is shown in ship
ping, bank and railway reports. These.
he asserts. indicate that the port 81
Bremen has regained nearly SO per ctat
of its pre-war trade. Hamburg" he
continues, "has regained over 50 per
cent and will exceed its pre-war figur.
in less than eighteen months. --latest
reports of Germany's eight greatest
banks show an increase of $4,000 de'
posltors compared TO the previous totsi
The gross profits are flf3,000 900, 81
$40 100000 more than in 1919"
German competition has been felt u
this country as we'll, according TO r.
ports from manufacturers in various
lines. The doll and stuffed toy industr
has been particularly hard hit, the Ger
/ man prices being about onethird OF I'll
lowest American quotations on siH'lIa'
goods. The folding safety razors re-
ferred to by the English correspondent
have sold in New York as low as y
cents each retail. German fabr'
/ gloves and cotton ard silk hosiery an
being widely sold here One hosieri
| Jobber who recently contracted fo
more than 20,000,000 marks worth Q,
German hosiery asserted that trene'
hosiery manufacturers are having.
considerable quantity of merchandlS
made In Germany on contract. ines
/ goods are then sold in France an!
reach this country as French mercnsn
! disc.
American locomotive manufacturer
have found the Germans stiff CON
/ petttors in foreign markets and hsF'
ot'uSA Sold Uy the itutohs. -
of the largest farm implement son
Germs in this country is reported !
have lost considerable amount .
South American trade to German CON
pehtors. Recent reports from cur con
suls in South America tell Of the y
rival of German merchandise IN ~
pcrtant centers, where it is offered iel
sale at prices less than Amefies'
merchandise is quoted at, while Amer
can goods contracted for some Iln'
ago lie on the piers and in goyernfnein'
warehouses because the South Amen