was no intent towards monopoly.

None the less Czechoslovakian and Austrian steelmongers immediately clamored to get into the consortium. It is probable that they will be admitted and restricted to a 2,000,000-ton maximum yearly output.

In Sweden, where remarkably pure steel is made, the Swedish Steel & Iron Trust took form, a 127,000,000 kroner ($34,000,000) organization. No Swedish steel concern will henceforth compete with a compatriot organizer.

--Lesser U. S. coal-iron districts are in Colorado, Tennessee and Alabama. tCompared to Rhineland iron ore production, that of Great Britain is about three-tenths, of Sweden (important because smelted by low-cost electric furnaces) one-sixth, Spain one-ninth, Czechoslovakia, China, India and Algeria, each one-thirty-eighth.