Word: ftc
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Dates: during 1950-1959
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...Commission has developed a slow burn over the claims of U.S. cigarette manufacturers. In two years, it has forbidden Old Golds to claim that they contain less nicotine, Camels that they aid digestion or relieve fatigue, Luckies that they are preferred by men who know tobacco best. Last week FTC turned its beady eye on Philip Morris, which advertises "no cigarette hangover" because its cigarettes are "definitely less irritating...
...million to $305 million, largely on the strength of the fact that Philip Morris uses diethylene glycol (instead of glycerin) as a moistening agent. It has persuaded thousands of smokers, in its famous "nose test," that consequently Philip Morris cigarettes are less irritating. As evidence, Philip Morris presented the FTC with testimony from doctors, researchers and others who reported on "scientific" tests as far back as 1934. For every expert brought in by Philip Morris, competitors and U.S. glycerin manufacturers popped up their own counter-experts...
...skunk at all. It is a "genuine civet cat," "Alaska sable" or "black marten." For four years, the Federal Trade Commission has been trying to get Congress to outlaw fancy names for common furs, last week finally won out when President Truman signed such a bill. Under it, the FTC will issue a "Fur Products Name Guide," which furriers will have to obey, e.g., black Manchurian dogs will be known as black Manchurian dogs, and not as "Belgium lynx" or "black poiret...
...FTC action was a victory for the 3,200 U.S. booksellers, who have been fighting a guerrilla war with the book clubs ever since Harry Scherman founded the Book-of-the-Month Club 25 years ago, brought cut rates and mass merchandising to the book business as well as scores of imitators. Book-of-the-Month Club leases printing plates from publishers, pays them 10% of the selling price of every book. Club editions not only undersell regular trade copies by as much as 40%, but the clubs give away many free books as "dividends...
...confirmation of industry's growth was needed, FTC and SEC provided it last week. They estimated the 1950 profits of all U.S. manufacturing companies at an alltime record of $23.2 billion before taxes, a 61% rise above 1949. Even the bigger corporate income taxes left a total net of $12.9 billion, a 43% gain. Moreover, the biggest gains were made by the smallest companies: a 106% average increase for those with assets under $250,000, v. a 31% rise for those above $100 million. But both big and little had to set aside such huge sums for plant expansion...