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Farm Machinery Price Fixing Charged by Federal Trade Body
The federal trade commission accuses Hoth farm implement manufacturers and dealers of colluding to push prices beyond production costs. The report singles out McCormick Deering as central in a bid to separate the two major industries, McCormick and Deering, to curb monopoly. It cites price comparisons, cost meetings, and frequent exchanges as methods used to coordinate price hikes and maintain agreed levels, noting record profits for manufacturers and dealers from 1915 to 1918.
MENTIONED IN THIS ARTICLE
Washington, DC
Hoth
Federal Trade Commission
Commissior
McCormick and Deering
Mirvester Company
Wind
Na- Monil Implementajdt Vehicle Association
Amely
McCormick and
Deering