THE REIGN OF SYNDICATES.
Tiik jear of our Lord A.I). 188!) will be written in history as the commencement of au era of syndicates. Trade has been depressed so long in England that an immense amount of money is lying idle for the want of remunerative investment. Big minds are searching for an outlet of capital on a big scale, and so enormous syndicates are proposed. One ring have an idea of dealing in soap, and it is seriously thought of buying up all the soap factories in Great Britain. The papermakers are following suit and the brickmakers in the north of England have amalgamated and are working matters with a high hand. But the biggest thing in syndicates is the coal ring. It is pro" posed to raise a capital of one hundred millions. The scheme was thought to result in a greater economy of management and an improvement in the market price. There are signs that this big thing will not come to a head. The coal mine owners in the north of England light rather shy of it, and although a short time ago they wore considered safe to join, they are cradually withdrawn)" t e support. °
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Waikato Times, Volume XXXII, Issue 2635, 1 June 1889, Page 2 (Supplement)
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200THE REIGN OF SYNDICATES. Waikato Times, Volume XXXII, Issue 2635, 1 June 1889, Page 2 (Supplement)
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