40
POTASH COMPANY
DENIES IT IS TRUST
Policy Announcement Holds
* Comer of Fertilizer Mar
ket Impossible.
Sj the Associated Pres*.
NEW YORK, July 6.—Assurance
that the German potash deposits will
not be manipulated to the detriment
of the agricultural interests of the
United States or any other nation, is
given by the German potash syndi
cate in a statement of its policy made
public today. Denial that these de
posits constitute a world monopoly
also was made.
It was the syndicate’s first state- (
ment, issued as a message to Amen-*
can farmers and financiers, since Sec
retary of Commerce Hoover and other
Government officials made it known
that they considered the syndicate’s
control of the German potash depos
its an “objectionable foreign mo
nopoly," similar to the alleged mo
nopolies of rubber, coffee and other
•commodities.
Controls All Imports.
The statement was made public In
this country by H. A. Forbes, vice
president. of the Potash Importing
Corporation of America, described as
an organization financed and oper
ated by Americans, and which con
trols the importation and distribution
of all German potash used in the
United States.
