Administered Prices, Steel: Study of Administered Prices in the Steel Industry : Report of the Committee on the Judiciary, United States Senate Made by Its Subcommittee on Antitrust and Monopoly, Pursuant to S. Res. 57, as Extended, Eighty-fifth Congress, First Session : Together with Individual Views to Study the Antitrust Laws of the United States, and Their Administration, Interpretation, and EffectU.S. Government Printing Office, 1958 - 204 pages |
Common terms and phrases
Administered Prices American Iron analysis Antitrust and Monopoly August automobile average base prices basing point Blough buyers cents chairman cold-rolled sheets Committee competitors concentration consumer corporation decline delivered price demand for steel economic effect efficient employment costs ESTES KEFAUVER estimate executive compensation f. o. b. mill prices fact Federal Trade Commission freight Hearings on Administered higher Homer hot-rolled Humphrey Ibid income industry's ingot capacity Iron and Steel July labor costs largest producers lower prices Macy's majority majority's report million National Steel operating rate percent of capacity period pig iron price changes price competition price increases price index price leadership price of steel quarter raise result rise scrap Senator KEFAUVER Sherman Act Springfield Armory staff statement steel companies steel industry steel prices steel products stock options stockholders Subcommittee on Antitrust testimony tion trend U. S. Steel Corp United States Steel Youngstown
Popular passages
Page 103 - Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy shall be deemed guilty of a misdemeanor...
Page 135 - No great stretch of the imagination is required to foresee that if nothing is done to check the growth in concentration, either the giant corporations will ultimately take over the country or the Government will be impelled to step in and impose some form of direct regulation in the public interest.
Page 65 - If two or more concerns are dominant, one may habitually serve as leader or more than one may lead, each in a different territory or each in turn. The smaller firms in such a field will follow the changes that are announced and sell at the prices that are set. They may be subjected to hidden pressure by the leader. They may fear annihilation in the warfare that would be invoked by an attempt to undercut him.
Page 106 - ... quoting or selling cement pursuant to or in accordance with any other plan or system which results in identical price quotations or prices for cement at points of quotation or sale or to particular purchasers by respondents using such plan or system, or which prevents purchasers from finding any advantage in price in dealing with one or more of the respondents against any of the other respondents.
Page 89 - ... chooses to buy from our company at $5 lower. Now if you call that competition and a desirable form of competition, you may have it your way. I say the buyer has more choice when the other fellow's price matches our price . . . This was too much even for Time magazine.
Page 66 - Mr. Grace, do you recall any occasions on which your company took the initiative in announcing a lower price on any steel commodity? Mr. Grace: I can't recall whether we have or whether we haven't. I know, generally, we haven't. Mr. Feller: Then I take it ... Mr. Grace (interposing): I know — I am telling you what the general practice is from our company standpoint. Whether we have ever initiated any, I just couldn't say, but in the main we would normally await the schedules as published by the...
Page 3 - At his press conference on June 26, 1957, the President said : "The only point I make is this: Government, no matter what its policies, cannot of itself, make certain of the soundness of the dollar, that is, the stability of the purchasing power of the dollar in this country. There must be statesmanlike action, both by business and by labor. Frankly, I believe that boards of directors of business, of...
Page 104 - That it shall be unlawful for any person engaged in commerce, in the course of such commerce, either directly or indirectly, to discriminate in price between different purchasers of commodities of like grade and quality...