Word: undercutting
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Hopping mad, certain independents surreptitiously undercut the official prices Big Steel had set for the industry. For a while Big Steel ignored this as a petty annoyance, but fortnight ago the buying demand of the automobile industry forced even Big Steel to shade its prices some $4 a ton, lowering cold-rolled sheets to $62 compared with $73 last spring. When an independent then cut the price another $2, Philip Murray was not the only steel man to fret. With the industry working at only 53% of capacity, it was clear that such price-cutting, if continued, must mean heavy...
...through secret emissaries traveling between London and Berlin, tried to construct an alliance of the British and German Empires. But Kaiser Wilhelm II would not concede Britain naval supremacy, and Foreign Minister Prince von Bülow insisted that Germany could yield nothing which would undercut her "destiny to rule the world...
...yards to 20,000,000 yards. These were printed in British plants, shipped to the Dominions, Crown Colonies and India as "British" (which technically under British law they are, because "finished" in the Kingdom), and sold under the benefits of Imperial preference to British subjects at prices which undercut not only British woven and British printed cloth of similar quality, but even Japanese woven and Japanese printed cloth, which cannot benefit from Imperial preference...
...company unions, Chairman Taylor was silent. Consensus is that steel wages will be upped as soon as steel consumers can be persuaded to pay higher prices for the metal. For once the nation's steelmen are not adverse to a general pay increase because that action might undercut the efforts of John Llewellyn Lewis and his Committee for Industrial Organization which is out to unionize the citadel of the open shop...
General Lázaro Cárdenas was to be another Calles puppet as President of Mexico. But at last the Party had found a man who sincerely believed in its program. Impassively, almost imperceptibly, prim-faced Cárdenas undercut Calles by giving the people some of the things Calles had promised them. When, last year, Calles suddenly tried to crack down on his man, he found that Cárdenas had sewed up the loyalty not only of the peasants and workers but of the Army as well...