Word: alcoa
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...right in my conclusions," said he in a digression on the second day, "then there is no basis for sustaining the contention that there has been monopolization by Alcoa." Systematically, he had divided the case into 36 sections, each of which must be ruled on before he can make the final decision: whether to break Alcoa up. Three branches of law are involved: tariff law, patent law, the Sherman Act. The Government's charges were in twelve groups, for different branches of the industry: 1) bauxite; 2) water power; 3) alumina; 4) virgin aluminum, pig and ingot; 5) castings...
...each of these twelve groups, Judge Caffey had to rule whether Alcoa 1) possesses a monopoly, 2) conspired to obtain a monopoly, 3) was guilty of other misconduct. At this week's beginning, Judge Caffey had decided Alcoa has no monopoly in any of the twelve fields...
...water power: Federal Power Commission reports show Alcoa's power facilities growing, but it controls only 360,000 kilowatt hours of an estimated 117 billion U.S. capacity-"an insignificant portion...
...virgin aluminum: Despite Alcoa's admitted 100% control, the company has not monopolized the metal within the meaning of the Sherman Act. It competes with imported foreign metal...
When the Government started its suit, Alcoa had in fact no competition in the U.S. But defense needs and RFC loans have since put one competitor, Reynolds Metals, into the aluminum business, with three more-Olin Corp., Bohn Aluminum, Union Carbide & Carbon-on the point of joining the fray if Jesse Jones's Defense Plant Corp. ever gets around to signing the papers. Nevertheless the Government will appeal Judge Caffey's decision to the Supreme Court...