The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-06-19
MONOPOLIES OF
BRITAIN YIELD
TO AMERICANS
Wall Street Gains in
Conflict
lspeeIaI 70 The oaIIy w0rkerl

WASHINGTON, June II. - Amer
lean Imperialism, by its aggressive
policy has, according to government
orclals, "broken" foreign monopol-
lstic control Of important raw mater
lals essential to the industry of this
country.
The dominant position of American
finance capital, working hand in hand
with the great industrial monopolies
of this country, has been able to make
great inroads into the monopoly of its
imperialist rival, England, in its form
er monopoly of rubber production.
British control of rubber production
has been broken thru the device Of
Withholding credits to spheres under
British control, and inducing the pro-
ducers to 90 over the American mono
polists.
Brazilian coffee and Chilean nitrates
have lost their monopolistic character
because OF American interference.
Steady Inroads Made.
According to official information the
British rubber monopoly has been cut
so per cent. The Dutch are now pro-
ducing over 40 per cent of the supply
and have established a big market in
the United States, with American
bankers extending credits for further
development of the Dutch rubber pro-
ducing areas.
Thru its attempted monopoly on
nitrates the Chilean government has
defeated its own ends because the
production Of synthetic nitrates has
Increased heavily in Germany, where
Wall Street bank capital again finan-
ces the experiments and controls the
production. Agreements STIMULATING
that the American market be supplied
first make this virtually an American
industry on German soil. It is anti
cipated that another year will see
such a development Of the synthetic
nitrates as to completely smash the
Chilean markets they now control be-
cause synthetic nitrates are produced
much more cheaply that natural
nitrates and are reported to be of a
better and more uniform quality.
5razil's Monopoly Wrecked.
In Brazil, according to officials here
in the commerce department, the gov
eminent borrowed a big sum of money
In London to buy up coffee and hold
1t off the market to stimulate prices.
Reports indicate a big coffee crop this
year and experts hold that the Brazil
ians will be unable to obtain sufficient
credits this year to buy up the excess
crop. The weakened financial position
of Britain and the growing power of
Wall Street has swung Brazil into the
sphere of American Imperialism.
While. the monopolistic prices may
continue the profits will go TO Amer
lean capital instead Of into the hands
Of British capitalists.
VIII Not Effect Workers.
No one should imagine for a mo-
ment that the breaking of the Brazil
British monopoly means anything else
than a SUBSTITUTION Tor II OF an Amer
ican-Brazilian monopoly, with prices
remaining as they are, OF even soar
ing higher.
Nor will the synthetic nitrates bene.
At the farmers, who must use some
OF this material for fertilizer to en-.
deavor to enrich their impoverished
soil that Is decreasing in va1ue he
cause OF the extraction of mineral ele-
ments thru long cultivation to supply
the needs Of the market which elimi-
mated the possibility of scientific rota-
ton OF crops TO save the soil.
Only the auto industry will be bene.
flied. because rubber prices will be
cut in response to the complaints of
manufacturers that IL the price OF
rubber continued TO soar fewer auto.
mobiles would be used.