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FTC hints at easing merger crackdown in UPI report
The FTC indicates it may ease its merger crackdown, ruling that a merger boosting a firm's market share is not automatically illegal. The Brillo Williams case was revised from illegal to acceptable as it raised Brillo's share to nearly 50 percent in industrial steel wool. Iron ore shipments on the Great Lakes slowest in 20 years, with five months of 1958 totaling 4,123,171 tons versus 16,714,273 a year earlier. Iron Age notes a probable July price rise as steel demand spikes briefly, while wage contracts set a 20 cent hourly rise and a likely $5-$6 per ton price uplift. Wheat flour production in April averaged 882,000 sacks per day, up from 861,000 in 1957 but below March levels and April 1958.
MENTIONED IN THIS ARTICLE
United Press International
Federal Trade Commission
Brillo Manufacturing Company
Williams Co
Brillo
The
American Iron Ore Assn
Great Lakes
Iron Age
Census Bureau