Word: cartelism
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Chemicals. The Manufacturing Chemists Association of the U. S. asked for sufficient tariff on chemical imports to protect U. S. chemists from the European chemical cartel. Representative FIull. Republican, of Illinois, argued specifically for protection on butyl alcohol, made from corn raised by Illinois and other farmers...
...British steel industry came last week a series of mergers, from which may result the formation of a British steel cartel to meet foreign competition in world markets. First came a triple merger involving three British steel makers (Vickers, Vickers-Armstrong, and Cammell, Laird & Co.) who united all their interests, except their armament works, in a company to be called the English Steel Corp., Ltd. Capital: about $100,000,000. Then came another merger-the union of Dorman Long, Ltd. with Bolckow Vaughan & Co., Ltd. Capital also about $100,000,000. An export agreement has been concluded and an effort...
Representatives of the Krupp and Stinnes interests and the German Steel Cartel gathered in Berlin last week to inaugurate the mighty project of warming all Germany with coal gas piped directly from the mines of the Ruhr. Shortly investors will be permitted to supply a preliminary stake...
...lieutenant, General Director Ludwig Klitzsch of UFA, made a significant speech. He hinted at new tariffs to keep the flood of U. S. pictures from German theatres. He spoke of "cooperation in the European film industry and the word 'film-Europe,' " strongly suggestive of a European cartel aimed at the U. S. cinema industry. When he had finished, alarmed U. S. observers hastened to Paris to confer...
Great in the U. S. is the urge to merge. In Europe, the cartel is the current charm against business ills. Members of a cartel agree to such things as fixed production quotas, a single retail price scale, exchange of patent rights, standardization of parts, etc. A cartel often amounts to a monopoly of an industry and sometimes extends across international boundary lines...