Word: cartels
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Dates: during 1930-1939
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Natural Chilean nitrates are bitterly contested in the world market by synthetic nitrates, chiefly manufactured in Germany. In Lucerne, Switzerland last week, Chilean Cosach proudly withstood demands it termed excessive for money in connection with the organization of a proposed new cartel, refused to keep prices on natural nitrates higher than those on synthetic (see p. 33). Chilean Government financial difficulties started when the nitrate interests succeeded in getting the export tax on nitrates abolished...
...question, however, is the growing trend of economic internationalism, which is standing out in bolder relief since the recent worldwide depression. In the field of business national boundaries are losing emphasis, the interests of the world as a whole being considered. This is particularly true, in Europe where the "cartel" system is demolishing political barriers as rapidly as ephemeral ministries build them up. Whether the new regime can be supported by an international code of justice, artificial in origin and lacking background, is shortly to be put to test. if it can be proved that the new method of cooperation...
...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...