Word: cartelizing
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...technologically out of date. In sheet and tin-plate capacity, there is only one modern, high-speed, continuous mill installed in all Britain. But that mill is reported to be operating at only two-thirds of capacity, while its rivals are busy as can be. Since the cartel is identified with the oldfashioned, high-cost mills, the question before Mr. Morrison was: is the Steel Federation sabotaging the one modern mill for fear of what its efficient methods may do to the price structure of the cartel...
...steelmen have rolled their flat steel in continuous strip mills for 17 years. So much cheaper is this method that U. S. exporters began taking British business right under the cartel's nose, in spite of the tariff of the Ottawa agreements. So a few years ago ?20,000,000 Richard Thomas & Co., Ltd., the No. 1 British iron, sheet and tin-plate producer, decided to modernize. Its chairman, a forthright, anti-banker industrialist named Sir William John Firth, went to Pittsburgh and hired the experts of United Engineering & Foundry Co. to build him a continuous mill. They signed...
...Bank of England. In return for this loan, Bank Governor Montagu Norman got: 1) a first mortgage on company receipts; 2) operating control. No longer boss of Richard Thomas, Sir William began taking orders from Governor Norman's new board, on which were the president of the cartel Viscount Greenwood, other old-line steel bigwigs, some of Richard Thomas' own competitors. Some of these were induced to resign last summer in favor of a "more representative" board, and the flush business of building Sir John Anderson's air-raid shelters postponed further disagreement until last month. Then...
...consumed 70,265 of the 183,700 long tons produced in 1939. No. 1 producer is Britain's Malaya with 1939 exports of 55,945 tons, No. 2 The Netherlands East Indies with 31,281. Like rubber, tin is also controlled in production by a British dominated international cartel. British...
...husband, Prince Felix of Bourbon-Parma (Xavier's younger brother), Luxembourg prospered again, until at the outbreak of World War II it was a thriving little country of rich peasants, rich merchants, rich industrialists. It banks for much of Europe, is headquarters of Orbed, big European steel cartel, ranks as tenth steel-producing country of the world. It manufactures also leather and beer. Were it not for its fear of both friends and foes-which can hardly be told apart-Luxembourg would be a perfect Ruritania...