WHAT PROTECTION COMES TO IN THE END.
[To THE EDITOR OF THE "SPECTATOR."]
;...iiu,—The enclosed cutting from the Iron Age of July 23rd may interest your readers.—I am, Sir, &a., .
24 Pitudrary Square, London, B.C. EUGENE STEIGER.
"Consul-General Richard Guenther, writing from Frankfort, Germany, reports dissatisfaction among German consumers of iron who are subjected to keen competition from foreigners favoured with German iron at cheaper prices. He says: 'German papers report that an English firm has been awarded the contract for a large gasometer by the city of Copenhagen, being the lowest bidder-410,930 (53,185 dots.); the lowest German bid was 411,250 (54,742 dols.) The curious part is that the English firm intend to use German material, finishing it in England. It will be bought in Germany at export prices, which are about cost or even less. The papers state that the German manufacturers of gas reservoirs cannot purchase their raw material in Germany as cheaply as foreign firms can, and therefore cannot compete with English manufacturers. They also state that similar conditions exist in other branches of home industries using iron. The pro- ducers of iron are called upon to revise their prices in favour of home consumers:"
[" Dumping " does not seem so injurious after all.—En. Spectator.]
Previous page
