Word: alcoa
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After eight years, the legendary trust-busting suit against the Aluminum Co. of America quietly, and suddenly, ended last week. In Manhattan's U.S. Circuit Court of Appeals, a special panel of three judges, sitting for the U.S. Supreme Court, held that Alcoa was a monopoly. Few years ago this would have been the biggest trust-busting news since Standard Oil was broken up. Now, in the light of war changes in the aluminum industry, it had little more than academic meaning...
...nonstop campaign to break up Alcoa, the Government called Board Chairman Arthur Vining Davis, 77, onetime $60-a-month peddler of pots & pans, to the witness stand for seven straight weeks, five days a week...
...Chemical (only prewar U.S. magnesium manufacturer) the mild praise was sweet. But even sweeter to the company's white-haired president, Dr. Willard H. Dow, was the deathblow the Committee gave to the popular belief that the U.S. magnesium shortage was due to an agreement between Dow, Alcoa and Germany's I.G. Farben. Under that deal-so the libelous rumor ran-Dow magnesium manufacture was limited, while German production was kited. Other agreements brought antitrust indictments down on the heads of Dow and Alcoa in 1941, forced them to pay $140,000 in fines after pleading nolo contendere...
...three years, Thurman Arnold, then Assistant Attorney General, tried to prove in an anti-trust suit still pending before the U.S. Supreme Court that Aluminium, Ltd. was a subsidiary of Alcoa. In his decision Judge Francis G. Caffey of the U.S. District Court in New York held that there is no financial connection between the two companies...
Full Manhood. If that happens, Alcoa will not be caught napping. It has been considering a deal to buy San Francisco's Pope & Talbot Inc., the West Coast's third biggest lumber and shipping concern, operator of Alcoa's Pacific fleet of nine ships. Through such a deal, Alcoa would acquire: 1) enough ships to water-haul alumina from its Mobile, Ala. plant to the West Coast, thereby saving enough on rail costs to cut prices; 2) huge clay deposits near Castle Rock, Wash., where it could set up its own alumina-from-clay plant...