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...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!