Word: traded
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Dates: during 1940-1949
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Hiram Walker distillers got an injunction to stop him from selling it.* Webb filed a countersuit charging that the state's fair-trade law was unconstitutional. (During litigation Webb stopped retailing liquor, is uncertain now about starting up again...
Last week, Doc Webb won the right to sell anything at any price he pleases. In a 6-to-1 decision, the Florida Supreme Court ruled that the state fair-trade law was unconstitutional. Wrote Chief Justice Alto Adams: "The act is arbitrary and unreasonable . . ." and an unlawful use of the state police power because it stifles competition and tends to foster monopolies...
...Last month; Hiram Walker got a similar injunction against Sloppy Joe's liquor store in Denver for selling Imperial whisky at $3.99-$4.50 a quart (fair-trade price...
...Congress, federal fair-trade laws also were under attack. Brooklyn's Democratic Congressman Donald L. O'Toole introduced a bill to repeal the Miller-Tydings Act of 1937, which permits states to pass price-fixing laws that might otherwise violate the federal antitrust...
...Retail Trade. Montgomery Ward & Co.'s iron-fisted Chairman Sewell Avery had bad news for stockholders: March sales were off 16.7% from 1948. Ward's biggest stockholder, Massachusetts Investors Trust (which owns 1.5% of the stock), had bad news for Avery: it would oppose his re-election as a director at next week's annual meeting. But chances were good that indestructible, 75-year-old Sewell Avery would be elected anyway...