Report of the Federal Trade Commission on the Meat Packing Industry Volume 3 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...profit after paying the butchers $18 to $20 a month for their material and hauling it to Andover, Mass., although Swift & Co. with no competition to face, had been paying only two or three dollars a month for the same material. In the commercial warfare precipitated in Manchester, Glennie testified, Swift & Co. established one of their foremen as a bogus competitor in the city whose duty it was to secure customers and turn them back to Swift & Co. This renderer, however, has managed to remain in the business and testified that he had made liberal profits during a good part of the time, much of his success being due, he testified, to his slight overhead expense, as he himself, he stated, does a large part of the manual labor at his plant. At Providence, R. I., the McCaffrey brothers carry on the business of the What Cheer Chemical Co., a partnership which they established in 1906. They report that they have been subjected to the same kind of practices as have been touched upon in the preceding pages. E. J. McCaffrey testified at a hearing before the Federal Trade Commission in Boston concerning price raising as follows: Question. Who was doing business in Providence besides yourself? Answer. The Consolidated Rendering Co. had the bulk of the business. Question. Who do you understand to have the controlling interest in that company? Answer. Swift. Question. Swift & Co.? Answer. Yes, sir. Question. What sort of competition were they giving you in Providence? Answer. Very unfair. No matter what price we would make, they would beat us by a half a cent or a cent a pound in collecting. Question. Did they put those prices high enough to make it inevitable you would suffer a loss if you met those prices? Answer. Yes, sir. Question. During how long a ...