Jasper County Democrat, Volume 14, Number 70, Rensselaer, Jasper County, 9 December 1911 — Competition [ARTICLE]

Competition

The eleventh-hour resolution of the Steel Trust to divest itself of Tt part of its ore holdings w as a confession of guilt. The Steel Trust dominates the markets for billets and otlifer basic steel products, rails, steel plates, tinplate, wire, and structural iron as completely as the Oil Trust dominates the market for petroleum and its various derivatives. Petroleum, prices are fixed by a few- men. who ineet occasionally in a tall building on low^j - Broadway; steel prices’ are discussed and arranged at Gary dinners. Competition has absolutely nothing to do with the matter; it is completely eliminated. —Philadelphia Record.