PRICE-FIXING ALLEGED
PITTSBURG STEEL MAKERS. (Per Press Association—Copyright.) WASHINGTON, July. 22. The Federal Trade Commission has ordered the United States Steel Corporation to abandon the “Pittsburg plus” system of determining the price of steel, which the commission holds to be unfair competition. Tlie system of the corporation and its subsidiaries is to quote prices for products to be ishipped from plants outside Pittsburg, at the Pittsburg base price plus an equivalent of the freight charge from Pittsburg. The commission held this system to be contrary to public interest and to be a price-fixing system succeeding the old steel pools and “Gary dinners”. made possible by the alleged domination of the steel industry by the corporation. It is held that the system lessens or eliminates competition and retards business at all steel centres except Pittsburg. The commission declared that the system adds 30,000,000 dollars a year to the cost of steel to farmers in the 11 Western States.
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Ashburton Guardian, Volume XLV, Issue 10168, 25 July 1924, Page 8
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157PRICE-FIXING ALLEGED Ashburton Guardian, Volume XLV, Issue 10168, 25 July 1924, Page 8
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