Business: Chile v. Europe

From Ostend came news last week that all zinc producing nations except the U. S. have agreed to a new cartel, lower production.

But in Lucerne representatives of ten nitrate producing countries failed to come to an understanding, saw their cartel crash to pieces when Germany stubbornly stood its ground.

Two years ago the European nations producing synthetic nitrates formed a cartel. Year ago the cartel was expanded to include Chile, world's great producer of natural nitrate. Rigorous production restrictions were laid down, price agreements made. To Chile the cartel was a...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!