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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
A government-sponsored committee in Washington proposed repealing 'fair trade' laws to allow cut-rate sales of brand-name products, opening the door for discount houses. The report also suggested curbs on labor unions restricting trade. Reactions mixed: praise from Rep. Celler, questions and criticism from Sens. Sparkman and Rep. Patman.
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WASHINGTON (P) - A government sponsored committee yesterday proposed repeal of 'fair trade' laws designed to prevent cutrate retail sales of nationally advertised, brand name products.
If the administration and Congress should follow through, the way would be open for discount houses to spring up everywhere.
Merchants would be able to charge whatever they wished for electric mixers, cosmetics, fountain pens and the like - regardless of prices manufacturers want to impose.
The recommendation by the national committee to study the antitrust laws brought praise from Rep. Celler (D-NY) and some question from Sen. Sparkman (D-Ala).
Other portions of the committee report were criticized vigorously by them and Rep. Patman (D-Tex). Celler heads the House Judiciary Committee; Sparkman and Patman are chairmen of Senate and House Small Business Committees.
The study committee also called in somewhat hazy language for legislative curbs on labor union activities that may restrict trade and competition.
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Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
Yesterday
Key Persons
Outcome
praise from rep. celler; questions from sen. sparkman; vigorous criticism of other portions by sparkman, celler, and rep. patman.
Event Details
A government-sponsored national committee studying antitrust laws proposed repeal of 'fair trade' laws to prevent cut-rate retail sales of nationally advertised brand-name products, allowing merchants to charge any price regardless of manufacturer suggestions and enabling discount houses. The committee also recommended legislative curbs on labor union activities restricting trade and competition.