Word: cartelized
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Dates: during 1930-1939
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...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...
Observers who last year called the cartel an armistice rather than a peace were not surprised at what happened at the meetings which have been going on for the last two months. Chile arrived in a much better bargaining position than last year. Its industry has been concentrated in a trust, the "Cosach"; costs have been reduced and the selling price set at lower levels through removal of the export tax. Representing the Cosach was its president, Norse-born E. A. Cappelen Smith, skilled developer of the Guggenheim Process; representing the Guggenheims was broad-shouldered Edward Savage of Manhattan, Cosach...
Observers can only guess who will come out on top. In the U. S., synthetic producers have enlarged their capacity, will enter no agreements. As soon as the cartel was broken, the price of sulphate of ammonia, a nitrate fertilizer, broke $4.50 per ton to $27.50. Biggest of U. S. nitrate companies is Allied Chemical & Dye, buyer of all the sulphate of ammonia which forms in the ovens of United States Steel...