Word: antitrust
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...what the dissenting minority called "the most important antitrust case which has been before the court in years," the U.S. Supreme Court last week assayed the question. By a 5-to-4 vote it turned down the Justice Department Antitrust Division's attempt to prevent the sale of Los Angeles' Consolidated Steel Corp. to Columbia Steel Co., a subsidiary of U.S. Steel...
...sale (for $8,293,319) would give Big Steel, which already has well over 51% of Pacific Coast ingot capacity, the lion's share of the fabricating capacity as well. This, said Justice Stanley Reed, who wrote the majority opinion, would in no way violate the Sherman Antitrust Act. "Size has significance ... in an appraisal of alleged violations," he conceded, "but the steel industry .is also of impressive size, and the welcome westward extension of that industry requires that the existing companies go into production there, or abandon that market to other organizations...
...firm to join the Department of Justice in 1934. Except for two wartime years in the Coast Guard, he has been hardworking his way up ever since. A dark-haired six-footer, Bergson last week was named by the President to head the department's Antitrust Division, succeeding John F. Sonnett...
Even for a man who works ten hours and up a day and most of his weekends, it will be a full job. Antitrust currently has 119 cases and 190 investigations pending, will be even busier after July 1, when it gets the biggest appropriation in its history ($3,400,000). Also, as part of its campaign strategy, the Administration is expected to let fly with a few trustbusting suits where they will do some vote-getting good (with an eye on the farm vote, it plans to move against farm machinery manufacturers soon). In 39-year-old Herbert Bergson...
Trustless Rails? The Senate passed and sent to the White House the Bulwinkle Bill to exempt railroads and other common carriers from antitrust prosecution in connection with agreements on rates (but not on services, facilities, etc.) which are approved by the Interstate Commerce Commission. President Truman is expected to veto the bill. Congressional backers of the bill think they can muster enough votes to override a veto...