Word: ftc
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Dates: during 1950-1959
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Into the orderly merger between Farm Journal, No. 1 U.S. farm magazine, and Country Gentleman, No. 2 (TIME, June 20), the Federal Trade Commission last week dropped a monkey wrench. In a complaint filed under the Clayton Antitrust Act, FTC charged that the merger would give Farm Journal-Country Gentleman "approximately 51% of the total net paid circulation among the six largest competitors in the farm magazine field"-though only 24% of total farm magazine circulation-thus "lessen competition" and "tend to create a monopoly." The news surprised Farm Journal President Richard Babcock, who said that the FTC made...
ANTIBIOTICS INDUSTRY will get a long, hard look from the Federal Trade Commission. The FTC will investigate pricing policies in various drugs (profits vary from near zero to 400%), patents on drugs that the Government helped develop, and the decrease in competition...
OLEOMARGARINE MAKERS are in trouble with the Federal Trade Commission over misleading advertising. For the first time under a new amendment to the FTC Act, the commission has ordered two firms (Manhattan's E. F. Drew & Co., Philadelphia's Reddi-Spred Corp.) to stop giving the impression that their vegetable margarines are dairy products-by ads such as "Churned to delicate, sweet, creamy goodness," "The same day-to-day freshness which characterizes our other dairy products...
FAIR TRADE LAWS in states will not be enforced by the Federal Trade Commission. In its first official stand on the state laws, the FTC has refused to enforce the laws against discounters in the jewelry industry, has told complaining retailers that they can compete with discounters by ignoring "with impunity" the state Fair Trade laws wherever they are not diligently enforced...
Justice's antitrust experts complained that FTC's decision violated the spirit of Eastman's consent decree, would stifle competition and lead to price fixing by manufacturers. But FTC denied it was overruling the Justice Department, noted that it had specifically exempted from its decision the two Eastman products covered by the consent decree. To many a businessman, the trustbusters' inability to agree among themselves was the best proof that the entire field of Fair-Trade pricing and enforcement needed a thorough reappraisal...