Word: upheld
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...York supreme court justice upheld a city labor arbitration award giving bricklayers a wage of $27 for an eight-hour...
...industry's . 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...
Most U.S. industries last week had a price wolf by the ears. For the cement industry, a way to get rid of him seemed relatively plain. Bowing to a Federal Trade Commission order recently upheld by the Supreme Court (TIME, May 10), Universal Atlas Cement Co., largest cement maker in the U.S., last week grudgingly gave up its basing-point system of pricing. The company called the order "economically unsound and wrong," but it announced that it would sell henceforth at prices f.o.b. its plants; freight costs would be applied to the buyer's bill. Smaller cement companies promptly...
...sold at a uniform price, no matter who manufactured it. To the court this was collusion, and a wicked practice that must be stopped forthwith. However sound the decision, it did not make things crystal clear. Just a week later, in another Big Business case, the Court upheld an FTC order which seemed to make the appearance of collusion inescapable...
Since many U.S. oil companies have similar contracts, Antitrust predicted that the decision, if upheld by the U.S. Supreme Court, would force a reorganization of the oil industry's entire marketing setup...