The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-12-03
REPORT SAYS MUCH
EVIDENCE EX|STSAS
TOPACK[RC CONTROL
Proof, Asserts Federal Commission
in Detailing Charges Against
Big Five, That Advantage TAX
en- of Stock Buyers and Sellers.

Evidence OF o combination los the
five leading packing corporations.
which the federal trade commission
charged In a. supplemental report 20
congress with an agreement TO re-
strain trade end control the price OF
livestock and meats. as told ln yostcr-
DAYS Herald, is alleged Go hc yolumin-
uus n detailed.
This evidence is convincing. saws
thc report. consisting as II does
largely of documents written hy tho
packers or their agents and including
tho memoranda made hy a of the
participants IN the combination 0f the
terms and conditions agreed upon at
various meetings of h packers
Tho principal conclusions 80 be
drawn from this mass of evidence re.
luting 10 combinations among tho
packers, the report says, are:
"i-Fha. swift and Ar
mour and company, Morris and COM
pany. Wilson company. Inc. and the
'udahy Packing company are IN uu
agreement for the division OF livestock
purchases throughout tho United
States. according to certain fixed per-
centagcs.
That this national livestock divls-
ion is reinforced by local agreements
HNANNkAAA wv NAA'AANffAN W NNf EfNA'NN ~
combination operating as at Denver,
where Armour and Swift divide their
livestock gifty-finy.
THAT these national and local live
stock purchase agreements constitute
O. restrain OF other interstate rom
tuerce In live ANIMALS me IN the sale
Of meat and other animal products.
sitting competition anon tho I'VE
companies. substantially controlling
the prices To- be paid livestock pro
ducts and the prices to be charged
consumers OF meat and other animal
products and giving ne members OF
jND combination unfair and illegal adj
vJutugcs oycr actual mo potential
competitors
THAT the five companies oN-
change confidential information
which is not made available 10 their
competitors and employ Jointly paid
agents TO secure Information which
~ used to control and manipulate
livestock markets
% That the five companies act
C~olluaivcly through their buyers in
tho purchase OF livestock.
'i-That Swift and company. AZ
mour md company. Morris ANA com
rauy ana Wilson Inc,
through their subsidiary and CONTROL.
90 companies In South America com
btnod with certain othcr companies TO
restrict and control shipments Of beef
and other meats from South America
Co the United states and other coun-
tries.
THAT tho five companies act
collusiNcly iu the sale of fresh
meat
go That there Is "a Joint contribu.
ton 10 funds expended under their
secret control 20 influence public
upininn n governmental action and
thus 10 maintain the power of then
combination.
That the agreements. under.
standings and pools herein hoIur,
rocitcd and reinforced by the com.
munity OF interest among tho fV,
companies above named through
ioiut ownership, either corporate al
individual OF various cutcrpriscs
Two b. more Of the interests thu,
have Joint ownership or representa-,
ton in eighteen concerns as far al
uHccrtaincd 10 July. 1915"
In % summary of tts conclusions re-
Eording cullusiVc livestock buying n,
commission said " finds
'fhat tho big packers together con.
troll the livestock markets
That such competition as uputar
To exist Is limited ana not real.
That they together as hN,stocl
prices"
COLLISION In buying the report sni,l
~ m operation az all principal mar
kcts.
The buyers begin buying NJ m
same time the report stated II CON,
holds off the market an hold off -
strong IA the influence OF tho Pot
packers buying that the market 3
not made until their buyers bcsiI
bidding.
There exists, therefore. Tor each O
she ANH WAWLL.Ua ~ ...a.AN..al A.-..
HNstcm so simply Contrivcd and or
gHnized that ~ controls the smalies
details Of livestock purchases 81 euCI
OF the markets ana can DE sat an mo