Word: antitrusters
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...something of a misfit in their ranks. Baptist Diefenbaker seemed unsociable; he neither drank nor smoked, and joined none of the Tory clubs. He was a maverick in Parliament, campaigning for a Canadian Bill of Rights similar to that in the U.S. Constitution, and calling for stiffer antitrust laws while the Tory Party stood for pure British tradition and unfettered free enterprise. Even Diefenba-ker's Dutch-origin name did not have a Tory ring; the party never had a leader with a non-British surname...
...charged that the merger had made Owens-Illinois the top U.S. producer of shipping containers, giving it a "decisive competitive advantage" over smaller, single-line companies, and increasing the "tendency toward monopoly in the container field generally." Replied Owens-Illinois Chairman John Preston Levis, grandson of the founder: "No antitrust violation was involved." In fact, said Levis, the merger was necessary for effective competition, "enabling us to deliver at the lowest possible cost the glass jars, bottles, tableware and other materials we make...
Three Suits. The suit against Owens-Illinois was the third antitrust case against the container industry in three months. The Justice Department also wants Continental Can Co. to dispose of Hazel-Atlas Glass Co., the No. 2 U.S. glass-container maker, and Robert Gair Co., the No. 2 paper-container maker. Largely as a result of the mergers, Continental Can sales jumped from $666 million in 1955 to more than an estimated $1 billion in 1956, and the company passed its traditional rival, American Can Co., to become the No. 1 U.S. container maker...
...President William C. Stolk: "We just don't want to acquire companies for the sake of expanding." But last year Canco expanded into fiber milk containers; this year it bought the Bradley Container Co. and branched into plastic bottles. Unless the Justice Department wins its antitrust cases, chances are the container industry will go right on making bigger packagers out of littler ones...
...another antitrust suit filed last week, the Justice Department accused Radio Corp. of America and its subsidiary, National Broadcasting Co., "of unlawfully combining and conspiring" to obtain TV stations in five of the nation's eight top markets. Specifically, said the trustbusters, NBC threatened last year to withhold its network affiliations, (and guaranteed programming) from Westinghouse Broadcasting Co. stations unless Westinghouse swapped its radio and TV outlets in Philadelphia, the fourth-largest TV market in population and retail sales, for NBC's radio and TV stations in Cleveland (which, said the complaint, was the tenth market), plus...