Word: antitrust
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...striking the whole industry at once as in the past. Such a pact would be similar to the profit-sharing pact signed by struck airlines last fall (TIME, Nov. 10), except that the airlines later got tentative approval from the Civil Aeronautics Board, which can exempt airlines from antitrust procedures...
...union fired off demands to the Justice Department and National Labor Relations Board for probes of possible antitrust law and labor law violations on the part of the industry...
...prices. One big reason they are so high, believe Tennessee's Democratic Senator Estes Kefauver and Wyoming's Democratic Senator Joseph C. O'Mahoney, is the "administered price," which largely ignores demand in deference to industry's effort to improve profits. Last week the Senate antitrust subcommittee, headed by Senator Kefauver, held hearings on a bill introduced by Senator O'Mahoney to require companies in highly concentrated industries to give 30 days' advance notice of any price hike...
...individual businessman who is the victim of a conspiracy by his competitors and suppliers the U.S. Supreme Court last week handed a potent antitrust club. Overruling two lower courts, it ordered a trial for a private businessman on the ground that the attempted elimination of even one merchant from the market tended to monopoly...
Actually, the Antitrust drive to stop fixing prices and allocating territories in the garment industry began a long time ago. In the Truman Administration the Antitrust Division indicted the Women's Sportswear Manufacturers Association for a conspiracy to fix prices and funnel orders to Association members designated by the union as in good standing. But at that time it was not the division policy to name I.L.G.W.U. as a defendant in the suit, only the employer group. Says Bicks: "We waited years for the unions to clean up this kind of situation. They did not. So we finally indicted...