278 REPORT ON COOPERATION IN AMERICAN EXPORT TRADE,

‘“ Elektromotor,”” Union Schreibmaschinen, G. m. b, H.
“Isolierrohr” G. m. b. H.
Metallwerke Oberspree G. m. b. H.
Quartzlampen G. m. b. H.
Electro-Stahlges. m. b. H. in Remscheid.
Gesellsch. {. Elektrische Zugbel. m. b. H.
Luftfahrzeugsgesellschaft.
A. E. G. Electrical Clocks Co.
A. E. G. Fast Train Co. (Schnellbahnaktiengesellschaft).
Elektro Nitrum Aktiengesellschaft,
Elektro Werke A. G., formerly Braunkohlenwerke Golpa-Jessenitz
A. G. zu Halle, a. S.

AGREEMENTS COVERING FOREIGN MARKETS.—In 1903 the A. E. G.
santered, it is said, into an agreement with the General Electric Co.,
of America, by which certain territories are respected. The A. E.G.
was given the exclusive trade in Germany, Luxemburg, Austria-Hungary,
 European and Asiatic Russia, Finland, Holland, Belgium,
Sweden, Norway, Denmark, Switzerland, Turkey, and the Balkan
States, while the United States and Canada were apportioned to the
General Electric Co. In addition, the A. E. G. was given the right
bo use the Curtis patents for steam turbines and the General Electric
Co. that of the Riedler-Stumpf patents.! This agreement, however,
binds only the General Electric Co., and other American concerns
were not parties to it. The neutral districts, which are open to both,
are said to be Mexico, Central America, South America, and Japan.
The extent of agreement and competition between ‘the A. E. G.
and the Siemens and Schuckert group is discussed later.
The Siemens-Schuckert concern—The only large German competitor
 of the A. E. G. is the Siemens-Schuckert concern, which was
organized in 1903 by the Siemens &amp; Halske Co., combining with the
Schuckert interests.? In 1912 the Siemens group gained financial
control of the Bergmann Electrical Co., which had been an effective
competitor. So far as the market is concerned, the Bergmann Co.
has continued to exist as a separate company. The Deutsche Bank,
which was the bank for both Siemens and Bergmann, negotiated the
deal. There being much talk of a monopoly in the electrical industry
 at that time, the Siemens group made a special point of the fact
that the health of the entire German electrical industry depends upon
sharp competition among two or three large concerns which encourages
 invention and develops technical and commercial organization
in the competing plants.
Carrrar AND DIvIDENDS.—The capital and dividends of the principal
 Siemens concerns in 1912 are shown in the table following.

1 Koch, op cit., p. 72.
2E. Noether, Vertrustung u. Monopolfrage in d. deutschen Elektricitits-Industrie, 1913, p. 56,
¥Ibid., p. 61 fol. ’