DuPont Charged With Monopoly In Cellophane Market
U S officials accuse E I du Pont de Nemours Inc of monopolizing the cellophane industry by patent strategy and price fixing. The government seeks to force sale of plants to permit entry, citing 1946 cellophane sales around 62 million dollars with DuPont holding over 46 million. Co conspirators include La Cellophane France and British Cellophane Ltd among six foreign firms.
MENTIONED IN THIS ARTICLE
Washington
Department of Justice
I. duPont
de Nemours, Inc
Wilmington, del
Federal District Court
Tom C. Clark
duPont
duPont Company
la Cellophane
Societe Anonyme
France
British Cellophane Ltd
England
Canadian Industries, Ltd
Canada
Kalle & C O., A. G
Germany
Societe de la Viscose Francaise
Viscose Development Company, "Ltd
Antitrust Action Targets DuPont Monopoly Power
Attorney General Clark describes a major case against DuPont and co conspirators as a fight to end a monopoly. He notes DuPont's cellophane plants produced over two thirds of the nation's supply, stifling free enterprise. John F. Sennett adds the suit is part of the anti trust division's ongoing program to break up unlawful concentration of economic power.
MENTIONED IN THIS ARTICLE
Clark
duPont
John F. Sennett
Anti-Trust
United States
Britain Opposes Veto in Japanese Peace Talks
London issued notes to Russia and China declaring opposition to veto rights in early Japanese peace treaty talks. Britain and the United States favor broader participation beyond the Big Four, including nations that helped defeat Japan and hold vital interests in a peaceful Orient. Notes were handed to U S Ambassador Lewis Douglas for relay to Washington.
MENTIONED IN THIS ARTICLE
London
Ins
Britain
Russia
China
United States
Japan
U. S
Lewis Douglas
Washington
France
Stassen Accuses Pauley of Partial Grain Disclosure
Harold E. Stassen charged Edwin W. Pauley has not fully disclosed his grain dealings amid a Senate Appropriations probe. He said he will confer with Sen. Bridges and House Leader Halleck on a thorough investigation of food profiteering insiders, government purchasing effects, and high prices. Stassen, in Doylestown address, urged market clarity and warns that insiders may be exiting commodity markets.
MENTIONED IN THIS ARTICLE
Washington CP
Harold E. Stassen
Edwin W. Pauley
Army Royall
Senate Appropriations Committee
Stassen
Bridges
R-N.h
Senate
House
Halleck
R-Ind
Minnesota
Doylestown
Pauley
Pauley Criticism Cited Over Public Office Suit
The speaker argues Pauley’s claim that the dealings are not subject to censure reveals an undeveloped sense of right and wrong and questions his fitness for high public office. The remark frames the issue as a critique of character and suitability for leadership.
MENTIONED IN THIS ARTICLE
Pauley
Venezuela votes under new constitution in first direct ballot
Venezuela conducts its first direct secret ballot under a new constitution. Romulo Betancourt, leading the revolutionary junta since October 1945, predicted about 1.5 million of 4 million eligible voters would cast ballots and said Communists would likely receive no more than 50,000 votes. Junta members pledged to stay out of the election.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Romulo Betancourt
Junta
Soviet 1.9 Billion Ruble Bond Issue With Lottery Incentive
Moscow officials announced a 1.9 billion ruble government bond issue with a lottery incentive to boost purchases this month. The official ruble rate is five per dollar, while the diplomatic rate is 12 per dollar.
MENTIONED IN THIS ARTICLE
Moscow
Also Mentioned on This Page
U.S
Addis Co
Syracuse
Rosenfeld
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