Word: alcoa
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Dates: during 1940-1949
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...wrappers for his uncle's tobacco products, announced price reductions averaging 20% on aluminum building materials, such as shingles, clapboard siding, roofing and ceiling panels. Only the Aluminum Co. of America, which had the aluminum business to itself before the war, held on to its prices. Said one Alcoa man: "Alcoa never engages in price wars: we are pleased with the Reynolds and Kaiser announcements...
...Alcoa had no reason to deplore the price cuts. In a sense, the three competitors are fighting the same fight. The aluminum industry emerged from the war with a capacity of more than 1 billion pounds a year-well over three times its prewar peak...
...United States . . . endorsed the bill I would still be against it ... it is vicious legislation." The talk was of railroads, said Barkley, but the bill applied also to water carriers, buses, trucks, pipelines and freight forwarders. It would "impose a transportation monopoly." Why not exempt U.S. Steel, Alcoa, Standard Oil and International Harvester...
...that Dr. Schlumbohm abhors Big Business, feels "it is handicapped by inertia, conservatism, and carload mentality." When he gets tired of a product he stops making it, invents a new one. He has no big factory. He farms out the actual manufacturing to such companies as Corning Glass and Alcoa, pays eight girls to assemble the parts of his Fahrenheitor products in the small loft. He has drawn up and filed the 300 patents he holds in three languages (Dr. Schlumbohm thinks it takes about 1,000 inventions to produce a dozen profitable products), writes his own advertisements with coined...
...International Nickel Co. Ltd., and its subsidiaries own 90% of the world's nickel ore; they supply 90% of U.S. nickel needs. Come good times or bad, the price of nickel, 35? a pound, has not changed in 18 years. In the same period even monopolistic Alcoa dropped the price of aluminum from 24? to 14?. Last week the U.S.' Government, despite pressure from the Canadian Government, finally took note of this...