Word: cartels
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Dates: during 1940-1949
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...Promise. For months Trust-Buster Arnold has tried to break up a patents cartel formed in 1929 by Jersey Standard and Germany's Hydra-headed I. G. Farbenindustrie. Last week Standard signed a consent decree, released 2,000 patents royalty-free, took a $50,000 fine. In return, Thurman Arnold agreed to withdraw the most sinister conclusion in his complaint: that Standard had held up the U.S. synthetic rubber program...
...other new appointment to the War Cabinet was that of spruce, red-haired Oliver Lyttelton as Minister of State, concerned with production. Onetime organizer of the world tin cartel, he replaced Production Minister Lord Beaverbrook, who was detailed to Washington as production liaison officer...
...Government lawyers fared no better in the second week of the decision than in the first. Their claims that Alcoa was party (through Aluminium Ltd.) to an international cartel, had conspired to fix prices, divide markets, keep competitors from entering the field, and restrict imports were all rejected (although certain to be aired again before the Supreme Court). "Not only has the Government failed to establish the charge," said Judge Caffey, "but the evidence is convincing the other way." Because of uncertainties about materials available, automakers last week put a brand-new phrase in their ads: "Specifications subject to change...
Rubber Reserve Co., whose efforts to create a rubber stock pile had gathered only 218,000 long tons (less than six months' normal consumption) by the end of July, inched a little closer to its goal last week. At its behest the British-Dutch rubber cartel upped production quotas to 120% of theoretical capacity, or to 1,866,000 tons a year...
...cartel (which controls 97% of the world's crude rubber production) has yet to produce up to the previous quota of 100%. Moreover, rubber trees take seven years to mature; so output cannot be increased overnight. But there are some idle trees to be tapped in the East Indies now. The big plantation owners, who tap their trees carefully, will probably not increase their production much. But the natives, who grow half the East Indies rubber and whose real capacity is at best a district officer's guess, will tap trees to the point of destroying them...