Word: cartelism
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Rubber Reserve Co., whose efforts to create a rubber stock pile had gathered only 218,000 long tons (less than six months' normal consumption) by the end of July, inched a little closer to its goal last week. At its behest the British-Dutch rubber cartel upped production quotas to 120% of theoretical capacity, or to 1,866,000 tons a year...
...cartel (which controls 97% of the world's crude rubber production) has yet to produce up to the previous quota of 100%. Moreover, rubber trees take seven years to mature; so output cannot be increased overnight. But there are some idle trees to be tapped in the East Indies now. The big plantation owners, who tap their trees carefully, will probably not increase their production much. But the natives, who grow half the East Indies rubber and whose real capacity is at best a district officer's guess, will tap trees to the point of destroying them...
Considered as a step toward hemispheric self-sufficiency, the rest of the tin deal was the rest of a fiasco. Patiño's companies are interlocked with the British-Dutch cartel, and he controls a smelter in Liverpool. His ore has always been smelted there, crossing the Atlantic twice before it gets to the U.S. After prolonged negotiations, Jesse Jones contracted with a Dutch firm to smelt Bolivian ore in Texas-with a Dutch East Indian ore admixture, which keeps U.S. tin technology tied to the Far East. To feed the Texas smelter he secured less than half...
...Helmuth Christian Wohlthat, they convinced the marshal that private industry, if given a free hand, could do the job. Last week Herr Goring gave them their chance, announced the resignation of Kommissar Walter. To replace the State syndicates, the producers formed the Reich Coal Association, modeled it along cartel lines, chose as its head Paul Pleiger, a businessman who is also general manager of the Hermann Goring Works. His first move was to create "coal shock reserves" strategically scattered throughout the Greater Reich, and intended to prevent shortages in case of "railroad congestion" (i.e., R.A.F. bombing). The Volkischer Beo-bachter...
...buying increases, R. R. C. can still protect itself. When the price stays above the legal 20? for a reasonable period (two or three weeks) R. R. C. may invoke its contract with the Dutch-British rubber cartel, International Rubber Regulations Committee, which controls 97% of the world supply. I. R. R. C. will then be obliged to boost its quotas to the U. S., send the price down to where R. R. C. can enter the market again. This week, unscared R. R. C. announced that it would buy another 180,000 tons of rubber next year...