Word: nickels
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Patterson could understand the issue of the nickel subway, and the fact that two battleships were better than one. But larger facts were beyond him: facts like the world's oneness. He resented the spread of Communism but was entirely willing to let the whole of Europe go Communist. The U.S. was the biggest force in the world, but what happened elsewhere was none of our business-until the bombs landed on the U.S. Uncle Sam became Uncle Sap in C.D. Batchelor's News cartoons, and the outside world was a seductive harlot in a tight silk dress...
Canada's International Nickel Co. Ltd., and its subsidiaries own 90% of the world's nickel ore; they supply 90% of U.S. nickel needs. Come good times or bad, the price of nickel, 35? a pound, has not changed in 18 years. In the same period even monopolistic Alcoa dropped the price of aluminum from 24? to 14?. Last week the U.S.' Government, despite pressure from the Canadian Government, finally took note of this...
...York, the Anti-Trust Division of the Department of Justice filed a complaint against Inco, its wholly owned U.S. subsidiary, International Nickel Co. Inc., and three U.S. officers of both companies, President Robert C. Stanley, Executive Vice President John F. Thompson, Vice President Paul D. Merica. The charges: 1) conspiracy to prevent competition in the nickel industry, 2) fixing prices, 3) making cartel agreements with I. G. Farbenindustrie, A. G. and two French companies to prevent competition and peg prices in the world market. Said Justice: Inco had so increased its nickel shipments to Farben in 1937 that Germany...
Actually, Justice charged, the industry ceased to be competitive in 1902, when Steelman Charles Schwab arranged a merger between Canadian companies with plenty of nickel ore and U.S. companies with the chemical process for separating nickel from copper. Holdings of the combine ($135,000,000 worth of mines, smelting and refining) were consolidated under Inco, Ltd. in 1928. Inco's sales last year...
...answer, Inco denied that it was a monopoly. It said that nickel prices were so low that the U.S. Government had to subsidize Cuban mines during the war to enable them to compete with Inco. This seemed to sharpen Justice's point that Inco owns all economically workable nickel deposits in the Western Hemisphere. Submarginal mines such as Cuba's can compete only with subsidies...