Monday, May. 13, 1929
Switzerland In
Having last fortnight (TIME, May 6) established a U. S. branch, Germany's I. G. Farbenindustrie last week strengthened its international position by adding the Swiss chemical industry to the European chemical cartel. For, though I. G. Dyes is not the entire German chemical industry, it does occupy a dominant position in its field, and growth of the cartel is reflected in prosperity at Frankfort. Prominence of Germany in the international chemical field is shown by the fact that cartel representatives, meeting in Paris, last week allotted 74% of the export trade to Germany, 17% to France and 8% to Switzerland. Sole check to cartel plans was the failure to bring Britain's chemical industry into the cartel structure, but cartel leaders trust that they will eventually be able to overcome the British tradition of individualism which has thus far made the United Kingdom a conspicuous exception to the prevailing cartel trend.