Word: anti-trust
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...broad looms were in operation. Huge surpluses of finished silk are stacking up in warehouses. Buyers are holding back, waiting for a price break. Like the oilmen, the silkmen need Government acquiescence in an agreement. But the government, much though it might like to, is too tangled up with anti-trust legislation to help or acquiesce in either oil or silk plans (see National Affairs...
...silk makers fear to risk anti-trust proceedings by agreements to restrict production, and cannot agree among themselves on tariff protection, the overproduction problem seems far from a solution. Hosiery manufacturers (who consume about 50% of silk used in the U. S.) have accumulated enough silk to last for some months, and are not greatly in the market at present prices...
...compensation for underproduction. But despite the fact that President Coolidge in 1924 appointed a Federal Oil Conservation Board which consistently recommended co-operation within the oil industry as a cure for over production, the U. S. tycoon is still a little nervous concerning production agreements which might provoke anti-trust proceedings. So everyone simply shook hands all around and Edwin Benjamin Reeser, head. of A. P. I., also of Barnsdall Corp., Tulsa independent, said: "For the first time in the life of the Institute a child has been born...
...participation in the rail cartel would be chiefly the official recognition of a working agreement which has for some time existed between U. S. railmakers and cartel members. U. S. industry on the whole has been somewhat wary about joining cartels, fearing prosecution under anti-trust laws. But the government is much more broad-minded concerning what U. S. industry may do abroad than concerning what it may do at home and one obvious method of meeting cartel competition is to become a cartel member...
...Louis) nicely connected with three splendid north-and-south railroads. In the East, we should have the Reading and the Jersey Central (25% of whose stock we control anyhow) and the Western Maryland (which we also already control but on account of which some persons are bringing anti-trust proceedings against us). We certainly have to have that Reading to give us secure access to New York. Remember that the New York Central and the Pennsylvania are twice as long as we are and make more money per mile of track. Just give us these roads we have mentioned...