Commercial West Volume 20

Commercial West Volume 20

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...for several years been selling some of its products for export at materially lower prices than at which they were sold in this country. This fact has been used by the bears in the stock market as an argument toward a big reduction in the tariff on such conimodities. This argument is entirely illogical. There is probably not an exporting manufacturer in the United States that does not at times sell its surplus production for export at or near cost. This is good business. for it enables manufacturers to keep their plants in operation when domestic trade alone is insuflicient to do so. The cost of production is thus cheapened. and labor is given steadier employment. Several months ago Commissioner Smith of the Bureau of Corporations, in a report, said that the Steel corporation is monopolistic because of its great ore holdings---a large percentage of which is on leases. This is trivial. There is not the shadow of possibility that the Steel corporation, can be dissolved, or even given any trouble that would reflect upon the stockholders because of its ore holdings. They could be transferred, but we don't exactly see how that would help competitors. Even the Supreme Court of the United States could not dictate to whom the ore lands should be transferred. The only point of importance raised against the Steel corporation up to the present time, is that its railroads (thc corporation owns 3,000 miles of roads) maintain unreasonable freight rates on ore. As a result of the high rates, it is asserted, inclependent steel companies are placed at a great disadvantage. If the railroads were sold, and rates on ore reduced, the Steel corporation would suffer to the extent of perhaps $10,000,000 or more a year in net earnings, it is said. On the other hand...show more

Product details

  • Paperback | 1020 pages
  • 189 x 246 x 51mm | 1,783g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236802780
  • 9781236802781