Word: cartelism
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Natural Chilean nitrates are bitterly contested in the world market by synthetic nitrates, chiefly manufactured in Germany. In Lucerne, Switzerland last week, Chilean Cosach proudly withstood demands it termed excessive for money in connection with the organization of a proposed new cartel, refused to keep prices on natural nitrates higher than those on synthetic (see p. 33). Chilean Government financial difficulties started when the nitrate interests succeeded in getting the export tax on nitrates abolished...
...Lucerne representatives of ten nitrate producing countries failed to come to an understanding, saw their cartel crash to pieces when Germany stubbornly stood its ground...
...years ago the European nations producing synthetic nitrates formed a cartel. Year ago the cartel was expanded to include Chile, world's great producer of natural nitrate. Rigorous production restrictions were laid down, price agreements made. To Chile the cartel was a timely aid. Its nitrate industry was being reorganized under the sponsorship of the Brothers Guggenheim; a breathing spell was welcome...
From Ostend came news last week that all zinc producing nations except the U. S. have agreed to a new cartel, lower production...
...question, however, is the growing trend of economic internationalism, which is standing out in bolder relief since the recent worldwide depression. In the field of business national boundaries are losing emphasis, the interests of the world as a whole being considered. This is particularly true, in Europe where the "cartel" system is demolishing political barriers as rapidly as ephemeral ministries build them up. Whether the new regime can be supported by an international code of justice, artificial in origin and lacking background, is shortly to be put to test. if it can be proved that the new method of cooperation...