GREAT EXCITEMENT IN FRANCS.
KHDPP'S CREDITED WITH BUYING A ■ FACTORY. By Teleswtph— Vttis ■Arepdatlon-'CqDST'lslii Borjin, January 29. Krupp'fi are credited with buying Poutiloff's factory at St. Petersburg. I'he Russian Government, it is said, adopted the French artillery, anil had gtjis constructed at Pontilaff's; therefore* if Kru.pp's have acquired iljo factrfry (Jonnanj' becomes possessed of th<> secrets o.f French arms manufacture.
Tho report has caused great escitonv&nt iu France.
HOW THE REPORT ORIGINATED. A SYNDICATE FORJiEI). Paris, Janviary 29. The newspaper '".Figaro" asserts that ail Angio*Gorman syndicate, consisting of Knipp's, the D&utscho Bank, and Vickers' fii'fti etfered PontiloiFs an rmmetliato advauce of £2,000,000. Petttiloff's required consideritblo fresh tapitnl in connoation with- a contract fer lliiflsioii negotiated .wstJi a Eiissian banking house in close relations with Berlin; hence tlio Aliglo-Gcrntan syndieato was formed.
The Gcnsatiou catised by tlie report that Krupp's, aro negotiating for tiro purchase af tiro works in St. l'otorsbur-g wliich possess I'Yeueh artillery -models adopted Ijy tho, J?HSsiaii lias, not subsided. Tlio report is denied id Jitiniu and at St. Petersburg, .but French opinion hits not been reassured.
It is possible the report is tr.icca.bk> ■to the firm of Victors receiving a com* cession to establish extensive works in Russia.'
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Dominion, Volume 7, Issue 1972, 31 January 1914, Page 5
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201GREAT EXCITEMENT IN FRANCS. Dominion, Volume 7, Issue 1972, 31 January 1914, Page 5
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