Around a flashing, sputtering pinwheel of Parisian excitement last week spun this rumor:
"The German cartels [trusts] are preparing to raid the world market for orders by making a 10% cut in the price of all major German exports!"
In Berlin, at the hub of the pinwheel, pertinent facts were seen to be: 1) Rhenish and Westphalian producers of semi-finished iron and steel products cut prices 3% last week; 2) under an arbitral ruling by Minister of Labor Adam Stegerwald (Time, June 9) the Westphalian producers won last week the right to reduce...
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