In Liege, Belgium, there gathered last week the steel lords of Europe, members of the International Steel Entente. Potent in theory is this cartel which was formed in 1926 to regulate production, later began to fix prices. But in fact it has become feebler and feebler through dissension among its members, bitter competition from Great Britain and Poland (non-members). Last week's meeting indicated definitely that the cartel's recent threat of competition against the U. S. is ended, indicated most definitely that the cartel was groaning in its...
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