Word: cartelizing
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...other words the Briand way to combat Zollverein is to offer Germany and Austria something better, perhaps a general European cartel based largely on wheat. To maintain a balanced exchange of wheat and manufactures throughout Europe, the plan provides for a system of reciprocal tariff rebates between those countries which are buyers of wheat and exporters of manufactured goods and those which are exporters of wheat and importers of manufactured goods...
Around this Hopewell plant hinges Allied's future. How much has been invested there is not known. One low guess was $30,000,000. But then $100,000,000 has also been mentioned. It is certain that the big Nitrate Cartel will fight hard to prevent Allied from extracting profits from its Hopewell investment; it is certain that in Hopewell Allied will muster every corporate war-machine which it has assembled behind the dark cloud...
Allied's place in the world nitrogen industry is typical of its attitude. It would have none of the recent Nitrogen Cartel by which Germany and the united producers of Chile endeavored to stabilize the industry (TIME, Aug. 18, FORTUNE, October). It remained independent, silent, giving no quarter, asking none. To understand Allied's secrecy, Allied's independence, one need only consider the big Allied nitrogen fixation plant at Hopewell, Va. It is said that even Mr. Weber has never visited this plant to which, certainly, no other director has ever been. Only five men are credited...
Steel. Last week the European Steel Cartel renewed itself, but has abandoned an ambitious program, will concentrate on settling Franco-German differences. In the U. S. steelmen cooperate as shown in the recent price raise (TIME, Dec. 15). The fact that most steel companies are completely integrated units is beneficial...
Unable to decide on anything, last week the cartel ordered production reduced 25%, knew few members would pay any attention. A meeting was arranged for December, at which time a vote will be taken on whether to continue or not. Little doubt was felt as to the outcome of this suicidal ballot...