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Packers Profiteering Claim Challenged by Packers
The five large meat packers say the Federal Trade Commission report on war profits is misleading and unfair. They argue profits of 140 million over three war years are small margins on four and a half billion dollars in sales and mostly reinvested, with no monopoly proven. They urge public review of facts and point to competition among packers and government workers’ support. Armour and Co. Cudahy Packing Co. Morias & Co. Swift & Co. Wilson & Co.
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Federal Trade Commission
Commission