Word: cartelizing
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...stages, it hardly drew a fly. But last week, just a few days before the House-approved bill was sent to the Senate,* an angry buzz was heard. Cried the Wall Street Journal: "A legal monopoly [for which] the consumer is to pay." Charged the New York Times: "A cartel! Written by the sugar industry for the sugar industry...
Most important, to U.S. companies was the old charge that Farben had weakened the U.S. by cartel agreements with Standard Oil Co. of New Jersey to restrict synthetic rubber development, with Aluminum Co. of America and Dow Chemical to restrict magnesium production, with a Du Pont subsidiary to prevent export of tetrazene (an explosive) to Britain...
Standard Oil Co. (NJ.) had "no cartel agreements with Farben." So said Robert T. Haslam, vice president, this week. He said that Standard had had "an agreement to purchase a large number of Farben's American patents for $35,000,000, plus turning over to them some of our patents. Those patents we purchased gave the U.S. synthetic toluol for TNT . . . 100 octane gasoline . . . buna rubber." The Dow Chemical Co.'s Willard H. Dow denied the cartel charge saying: "Those things have been very much distorted...
Secure behind an excellent European reputation and happily outside the smothering bosom of Hollywood's plot cartel, J. Arthur Rank has shunned customary procedure in his totally unorthodox presentation of a documentary film. Centered around the historic migration of Australian cattle herds to escape a threatened Japanese invasion, "The Overlanders" becomes experimental by American standards in its complete emphasis on realism without the added appeal of ersatz excitement. Mr. Rank has successfully produced an absorbing, plausible movie and neatly avoids treading on the worn-down heels of contemporary horse operas...
...shrewd Tin Baron Patiño did not let diplomatic frippery interfere with business. When the world depression of the 1930s set off a tin crisis, he helped form a cartel with British and Dutch producers. Together, they held prices firm...