Food Marketing Costs: Hearings Before the Subcommittee on Consumers Study of ..., 85-1 ..., October 8 and 9, 1957

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Page 119 - No person shall engage in this state in any trade practice which is defined in this Act as, or determined pursuant to this Act to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.
Page 119 - Section 5, Federal Trade Commission Act : "Unfair methods of competition in commerce, and unfair or deceptive acts or practices In commerce, are hereby declared unlawful.
Page 148 - I960, to be full compliance with the subpena. Did you receive that letter, Mr. Tobin? Mr. TOBIN. I did, Mr. Chairman. The CHAIRMAN. That letter will be placed in the record. (The letter referred to is as follows:) JUNE 17, 1960. Mr. AUSTIN J. TOBIN, Executive Director, The Port of New York Authority, New York, NY DEAR MR. TOBIN: This is in reference to the subpena issued by Subcommittee No. 5 of the Committee on the Judiciary of the House of Representatives on June 13, 1960, and served upon you on...
Page 49 - Retail-cost estimates represent cost at retail food store prices of all domestic farm foods that were both sold by farmers and bought by civilian consumers in this country. Farm food products sold in the form of m-als are included but are valued at what the food would have cost in retail stores.
Page 119 - FTC issues statement on trading stamps," Press Release, October 3, 1957, wherein the Commission stated that it "did not consider trading stamp plans in themselves to be an unfair method of competition under the laws it administers.
Page 120 - ... with reference to the Sperry and Hutchinson Company (S & H) and Top Value Enterprises, Inc. (TV), two of the major trading stamp companies in the industry. In the petition before this Court, the petitioner pointed out that the Federal Trade Commission in its study of the stamp plan operations "would take action where necessary to prevent deception of customers, price discrimination, illegal exclusive dealing, boycott, conspiracy, or any other conduct in violation of the Federal Trade Commission...
Page 3 - When you begin to talk about the spread between what the farmer gets and what the consumer pays, in...
Page 118 - I said then — since we know it is essential for our type of economy and we like the freedoms which our economy gives to each of us — the freedom to enter or withdraw from any specific field or career, freedom to set our own prices, yes, even freedom to undersell somebody else and take business away from him. But— I continued — all too often when a competitor really acts like a competitor and does something which hurts us — cuts a price, sells harder, improves quality — it becomes "unfair...
Page 76 - That is the point I was going to make. In other words, you know this is a remarkable thing, you give less service, you get more money.
Page 120 - Commission intends to continue to study stamp-plan operations and will take action where necessary to prevent deception of customers, price discrimination, illegal exclusive dealing, boycott, conspiracy, or any other conduct in violation of the Federal Trade Commission or Clayton Acts.

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