Word: cartelizing
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Pont), Philadelphia's Röhm & Haas Co., and seven other officials of the two companies, of conspiring with Britain's Imperial Chemicals Industries, Ltd., and Germany's I. G. Farbenindustrie Akt., and Röhm & Haas, G.m.b.H., of Darmstadt, Germany, to operate a worldwide cartel in acrylic resins (Plexiglas, Lucite), used as windshields on airplanes, etc. They were accused of controlling the production, sale and price of these plastics and of dividing up the world markets...
...publicity-hating brother, Edward K. Davis, 64, president of Canada's Aluminium, Ltd., was on the stand for six weeks, while Government lawyers tried to prove that Aluminium, Ltd. was the corporate stooge of Alcoa and its link with the international aluminum cartel. All told, the Government and the defense filled 58,000 pages with testimony of these and other witnesses, brought 1,803 exhibits into court. Then, in 1940, the Government and the defense rested...
Besides a moral victory, the Government had little more to cheer about. Alcoa had at one time, the court found, tried to freeze out competing aluminum-sheet plants by charging more than a "fair price" for ingots. And Aluminium, Ltd. had also entered an illegal cartel, through the Alliance of Aluminium Cie. of Switzerland, which restricted imports of aluminum into...
...stated policy of the U.S. on cartels is "down with 'em." In the opinion of many a U.S. businessman, this uncompromising attitude is only half a solution. It leaves unsolved the problem of developing a booming postwar trade with cartel-minded nations. Last week, the potent National Foreign Trade Council, Inc., whose 700 members expect to do the bulk of this trading, put out its own solution...
Where's the Meeting Ground? Adept at winding his way through the jungle of international trade laws, Thomas wanted to arrive at a common meeting ground for U.S. free enterprise and cartels. He discovered little to comfort free traders. His survey found no hope that the U.S., despite its mighty economic power, could force an agreement from other nations to end cartel-dealing in the postwar trade world. Instead it concluded that the cartelization of European industry, compulsory in some countries in prewar days, would not be changed by the peace. In fact, there may be even greater cartelization...