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Packers Profit Claims Defended by Major Meat Packers
Five large packers respond to FTC war profits report arguing profits were fair and necessary. They challenge monopoly claims, note profits mainly reinvested to finance stock and modernization. They cite $140 million three-year wartime profit on over $4.5 billion in sales and call price manipulation unlikely. Armour and Company. Cudahy Packing Co.. Morris & Company. Swift & Company. Wilson & Company.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Armour and Company
Cudahy Packing Co
Morris & Company
Swift & Company
Wilson & Company