There are besides several thousands of local syndicates, engaged in the purchase of materials and sale of produce on the most advantageous terms for their members, credit banks and mutual insurance societies (see Co-OPERATION).
Three societies demand special mention: the Union centrale des agriculteurs de France, to which the above syndicates are affiliated; the Sociit nationale dagriculture, whose mission is to further agricultural progress and to supply the government with information on everything appertaining thereto and the Socit des agriculteurs de France.
Again, dealers sometimes try to create corners and form powerful syndicates for that purpose: the dealing syndicate of late years has become a force to be reckoned with.
The French bondholders, who hold by far the largest proportion of Turkish securities, took the principal initiative in this matter, and, after protracted negotiations with the Turkish government and the other " syndicates " of bondholders, they succeeded, in 1903, in obtaining the following modifications of the original decree of Muharrem.
The nation does not seem to have appreciated the deficiencies of the syndicates service, supplemented as it was by a network of waterways which greatly increased the facilities for transport.
The continental spinners have largely increased, but are developing into huge syndicates, all working on the schappe principle.
The three chief syndicates, one each in Italy, France and Switzerland, work very much together, practically ruling the prices for yarns and raw materials.