Word: ftc
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Dates: during 1950-1959
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TRADING-STAMP COMPANIES won vital battle against anti-stamp merchants, who charged that stamps jack up prices, squeeze out non-stamp stores. FTC ruled that stamps do not create "unfair competition or deceptive practices," but promised to act against any company that uses stamps for "deception of customers, price discrimination...
PAPER-INDUSTRY MERGERS face rough ride from U.S. trustbusters, who are weighing antimerger complaints against Crown Zellerbach Corp. and Scott Paper Co. In significant first victory, FTC got world's biggest papermaker, International Paper Co., to sign consent decree agreeing not to acquire interest in any competitor for next decade. International also promised to sell its 12% stock holdings in Longview Fiber Co., a top West Coast papermaker...
...FTC hit three companies peddling arthritis and rheumatism palliatives: Buffalo's Mentholatum Co., maker of Mentholatum Rub; Manhattan's Whitehall Pharmacal Co., maker of Infra-Rub and Heet; and Jersey City's Omega Chemical Co., distributor of Omega...
...Charged FTC: the commercials for these products are "false." Not one of the products "is an adequate, effective and reliable treatment" as it professes to be; none that makes the claim actually provides a "new kind of relief"; none penetrates "below the skin"; none gives relief to last "through the night." The complaints gave the offenders 30 days to reply to the charges, set dates early in June for hearings giving them a chance to argue for comforting relief from FTC's decision to put the heat on Heet...
MEAT-PACKING CHECKUPS will be stepped up by Agriculture Department if Secretary Benson gets bigger appropriation to do job. Department wants to head off campaign by small packers to shift Benson's police powers to FTC on grounds he has been lax about such things as price discrimination, e.g., giveaway coupons by big packers...