Word: contracts
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Dates: during 1920-1929
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...Within the last three years, Matchmaker Kreuger has concluded shrewd deals in Poland, Peru, Greece, Norway, Germany, France, Jugoslavia, Japan, Ecuador, Esthonia. International Match Co. controls 75% of U. S. production, through the wholly owned Vulcan Match Co., and through the "biggest" Diamond Match Co. This company has a contract with the Swedish monopoly for the sale of foreign matches in the U. S. until 1930. Last year International Match consolidated its interests with Bryant & May, Ltd., biggest British-owned match company to control the market in the British Empire outside of Asia...
...second time bids to supply the U. S. with 12,800,000,000 stamped envelopes, its quota for the next four years (TIME, Aug. 20, Sept. 17). Once before bids had been opened and rejected. This time figures were much lower. The Middle West Supply Co., now holding the contract, offered an estimate of $13,314.954-98. But the International Envelope Co., subsidiary of International Paper, underbid its rival by $105,161.18. International Envelope won the contract...
...Mercantile Corp. won the non and lucrative U. S. stamped envelope contract, making a tidy profit for Stockholder Myron Charles Taylor, now a potent U. S. Steel executive.* Not until 1917 was the contract wrested away from the Mercantile Corp. In that year, the Middle West Supply Co. submitted low bid. And as this contract is not transferable, the only way for the Mercantile Corp. and Stockholder Taylor to regain it was to buy the Middle West Supply Co. This they did. They were not again disturbed in its possession until last week...
...there had been rumblings in 1924. At that time, International Paper made an ill-prepared attempt to oust the well-entrenched Middle West Supply Co. Stockholder Taylor had retired from active management. International paper's bid, while some 15% lower than the previous contract price, was about 5% higher than the bid of Middle West Supply. International Paper bided its time, waited...
Last summer, it created the International Envelope Co. and proceeded to figure on a bid. It cut close to $5,000.000 from the existing contract price. Middle West Supply, guessing shrewdly what was in store, also cut deeply, but not enough. International Envelope, with a bid of $15,300,000, thought it had won the guessing contest, since its bid was some half million dollars under its rival...