Word: ftc
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...basing-point system ,of pricing. Under that system, producers absorbed enough freight costs to "meet competition" in areas distant from their mills, added "phantom freight" costs on some short-haul sales. Thus they got to identical prices at any given destination. Last April, the Supreme Court upheld FTC's charge that such identical prices added up to trustlike collusion. The court ordered the defendants in the case, the cement industry, to drop the basing-point system. The order went into effect last week...
...Steel's statement about "no recourse" to the contrary, the only pressure to do away with the basing-point system in the steel business was strictly internal. FTC's case against steel was not due to come up for months, and probably could have been kept from final decision for years. But if they had to give in some time, steelmen figured, the''best possible time was during the present sellers' market. In addition to boosting current profit, the switch to an f.o.b. price system would bring pressure on Congress, from thousands of high-paying...
...effects of this strategy would be widespread. FTC says that there are 191,907 companies which use basing points. As industry's bellwether, Big Steel had set a pattern which thousands would follow. As a result, U.S. consumers might soon have to pay more for a whole lot of things -for furniture, oil, machinery, paper and hundreds of other items...
...last 15 years, manufacturers have popularized another fabric which also has a cellulose base (cellulose acetate) but which differs from cellulose viscose - it doesn't iron as well, but resists shrinking better. To keep customers from getting mixed up, the manufacturers thought it should have a distinguishing name. FTC argued that this would only confuse the public, insisted that both fabrics be labeled rayon...
...hang on to its biggest customers, Morton Salt Co. had been giving extraordinarily large trade discounts. Unconvinced that this had any relation to real savings in Morton's costs, FTC had charged that the discounts were unfair to smaller buyers. The Supreme Court in effect had ordered Morton Salt to stick to a uniform price list for big & small alike. Reasoned one businessman: "If everyone does stick to his price list and the price lists gravitate to a common level, as they will be compelled to do under the economic law of uniform price, then, according to the Supreme...