Word: consortium
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Dates: during 1920-1929
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...Copper Consortium. Under the Webb-Pomerene act, which permits U. S. industries to cooperate against foreign trade competition provided no harm to domestic commerce results, Copper Exporters Inc. has been formed, with Cornelius F. Kelley (Anaconda Copper Mining Co.) as president. A "New York committee," representing 18 U. S. companies, will regulate trade practices and prices abroad. It will cooperate with a "Brussels committee," representing 15 foreign concerns, to act similarly for world copper trade...
None the less Czechoslovakian and Austrian steelmongers immediately clamored to get into the consortium. It is probable that they will be admitted and restricted to a 2,000,000-ton maximum yearly output...