Word: cartelizing
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...prefers skilled mechanics and machinists, particularly in the automotive trades. Those who accept his proposition must pay their own way to Manhattan, plus $35 toward third-class fare on a German-American liner. Remainder of the fare (about $110) reportedly is paid by a German industrial cartel (Siemens & Halske; Volkswagen; Augsburg Machine Co.; Bosch; Daimler; Opel&Wanderwerke). Recruiter Buerk said he was acting for an unnamed superior in Chicago, reported similar activities there and in Cleveland, Detroit, Flint, where men skilled at machine trades (easily transformable into munitions workers) are abundantly available...
...matter of prices, international producers' associations usually step on the accelerator rather than on the brake. But the three-year-old international copper cartel has learned better from the sad experiences of the older cartels. Fortnight ago the cartel permitted an increase in production from 95% to 105% of agreed tonnage. Despite this deterrent, prices continued to rise. Last week the cartel removed all restrictions on production, thus dumped a potential 30,000 tons per month more copper on the international market. This time the U. S. price pulled up short at 11.25?, the export price fell...
Where the case is likely to produce new angles is on the theme of aluminum imports. Walter Rice claims that Alcoa actually belongs to the European aluminum cartel through affiliation with a Canadian corporation named Aluminum Ltd. He maintains, that Alcoa allows a small flow of imports (6% in 1937) to disguise the absolute monopoly, that more imports are prevented by astute pressure abroad through Aluminum Ltd. Said Mr. Rice in court last week: "There never were interlocking directorates or officers of the two corporations. That would have been too open. But in 1928 the stockholders of the two companies...
...rubbermen created the International Rubber Regulation Committee- a cartel that represents 98% of the world's rubber producers. The I. R. R. C.'s aims are two:1) to establish and maintain a base limit to rubber planting, 2) to fix quarterly quotas on the amount of this rubber that is marketable...
...International Steel Cartel and the Steel Export Association of America have decided on common export price levels for the ensuing fiscal, or cartel, year at lower levels than previously in effect. . . . Moreover, export quotas on some dozen steel commodities have been assigned to various member countries. Thus the U. S. has been assigned definite tonnages which it can sell monthly to Brazil, Argentina, Japan, China and other important steel-consuming countries...