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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Nov 14, 1944
Page
6
An inter departmental panel backs a world anti cartel pact to outlaw international combines and block price fixing. Germany’s industrial groups would be broken into units and occupation powers would aid liquidation of controls, amid mixed international reactions and stalled British cabinet decisions.
At the international business conference in the United States diplomats from 31 nations pressed for access to American machine exports. President of the U S Chamber of Commerce Ellis A Johnston argued for credit, selective funding, and guarantees to ensure money funds rebuilding in cities like Warsaw and Lyons, while opposing bond issues. He proposed two plans to move dollars abroad and urged postwar credits to Britain to three billion dollars.
At the international business conference a fierce split emerged over cartels with the Netherlands defending them as necessary for growth while Indian delegates denounced private country agreements regulating industry and trade. The currency group prepared to discuss stabilization proposals from Bretton Woods, with Winthrop Aldrich endorsing a two currency union focusing on the dollar and allied currencies.
At Carlsbad Caverns National Park, rangers captured a theft by a clever parrot or similar bird. The bird seized a gasoline coupon from a tourist’s pocket and flew around for minutes before being coaxed away.
Humble Oil & Refining Company operates Baytown and Ingleside refineries producing rubber base stock for Buna rubber and finished butyl rubber for life rafts gas masks hoses and other war items. Baytown refined 10 percent of national 100 octane aviation gasoline while Baytown Ordnance Works produced toluene for TNT. Humble also notes involvement with magnesium carbon black zinc sulfur helium steel and iron, supporting Texas shipyards and ordnance plants.
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