Word: cartelizing
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...cartel-minded Britain, stolid, well-nosed Lord McGowan, 75-year-old chairman of the billion-dollar, globe-girdling Imperial Chemicals Industries, Ltd., has long been the staunchest champion of gentlemanly agreements which divide the world's markets. But this week. Lord McGowan reversed his field. Imperial Chemicals announced that it would invade the U.S. markets of its great & good friends, Wilmington's E. I. du Pont de Nemours...
...barrels) quota provided they spent the additional dollars so earned in the sterling area. U.S. oilmen thought that too small a concession. To them, it still looked as if the British were trying to force the U.S. to make the world's oil market into one vast, noncompetitive cartel. If so, the only effective U.S. answer might ultimately be a global price war, waged to bring the British to terms...
...better part of a century, London has been the world's diamond capital. There the British-dominated diamond cartel has held the famed "sights" at which it sells its uncut stones. Last year Britain re-exported ?35 million ($98 million) worth of diamonds, more than half of them to the U.S. But due to currency controls, the diamond merchants had to resort to sharp practices to stay in business...
...deadlock had thus far prevented sale of a single asset, though 1,100 cartel agreements had been ordered dissolved. Now that some plants were ready for sale, there was another obstacle-a shortage of German capital to buy them. Much of the available capital in Germany was controlled by the cartelists. But the Military Government hoped that enough safeguards could be set up to keep the plants from being secretly bought by the old cartelists or being drawn into new cartels...
...Bearing Co. was convicted of conspiring with its British and French affiliates to fix world prices of roller bearings and restrict competition. In Manhattan, E.I. du Pont de Nemours & Co., National Lead Co. and three individuals were fined a total of $43,000 (the maximum) for operating a worldwide cartel in titanium pigments. The companies were already under court order to license titanium production at a reasonable royalty...