New Britain herald., 1918-06-29
Trade Comm Tells Senate Bia dustries' Net q
 are Unprecedent|
PACKERS MANIPUI
 MARKET AT PLEAS

of Flour Producers !
 From 1a Per Cent. to SC Peri
 Oil Industry Also Lining Its
 With Gold-AbnormaI SaIa1
 ing Paid Officials in Many
 Allegation.
 Washington, June 29.-Ir tions carefully conducted hav the conclusion that profiteerir. among American industries, part to advantage being t& war pressure for heavy pro and in part to "inordinate grI bare-faced fraud" the Feder, Commission announced today port sent to the senate. Th was submitted in response to lution asking the commission nish the senate with all figures. formation relative to profite order that steps might be ts remedy present conditions.
 Outstanding features of tn each supported by extensive d
 The heavy profit made by cost concern under a gov fixed price for the whole cou
 The heavy profit made by packers and allied industries the flour millers.
 The trade tendency to incr maintain prices against the conscription.
 The report Is based on c} for the commission of war i board, the food administered fuel administration, and othe tive departments, on indust veys,, and through enforce1 laws against unfair methods petition. The products inv and which the report covers copper, zinc, nickel, sulphur, flour, canned milk and canned Salaries and bonuses paid cials were also the subjec quiries.
 Profits Without Preced(
 Price fixing by the governr report says, has tended to pr market from running away, same time it strengthens the factors in industries in their and enriches them by profit are without precedent"
 While the price of flour stabilized by fixing a price f | and a maximum margin of flour, the report shows that p creased from an average of cent. on the investment for years ending June 30, 1916, 38 per cent. in the year end 30, 1917. "These profits" it "are indefensible, considering average profit of one mill months of the year shows aa $2 a barrel"
 Many millers exceeded thd ment maximum for profits arl extent the profits were larg general in fact, were very gr
 Greed of Packing MonoI
 The report declares that dented profits are shown in of the packing industry. In nection, it is said:
 Five meat packers-Armo Morris, Wilson and Cudahy- subsidiary and affiliated q have monopolistic control of industry and are looking ou domination in other product manipulation of the market every device that Is useful without regard to law. Thei expressed in terms of prof that four of these concerns h eted in 1915, 1916, 1917, $14 However delicate a definition for "profiteering these pac preyed upon the people uu ably"
 Investigation in the coal n dustry reveals in the opinid commission, that despite gd1 price-fixing, large margins have been made. Ranges i'd of production in a field lad same maximum prices hay some operators to make sn gins of profit and others Ia gins, the bulk of the produ towing the large margin.
 In the oil industry, large I now being made in fuel oil line, the industry being one law of supply and demand crates. The operation of tf held to be in part responsib heavy profits, but portio blame is laid to the spreadtn reports regarding supplies.
 Steel companies made profits before the governme price for the product, and it that some have since mad, returns. Profits of the Uni Steel corporation arc cstinat per cent. in 1a17. as comp
 
 (Continued on Ninth F