Items of Interest May 29, 1902 Issue

Items of Interest

Judge Grosscup has issued a temporary injunction against the six great packinghouses that together control sixty per cent of the meat business of the United States. According to the terms of the injunction the companies are forbidden to have any combination or understanding with one another when they bid for live cattle at the stockyards; to push prices up or down so as to influence the supply of cattle at the yards; to fix by agreement the price at which they will sell dressed meats; to curtail their shipments of meat to special markets through a common understanding; to continue their credit agreements, by which they blacklist dealers who do not pay bills when due, if thereby they interface with the natural course of trade; to receive freight rebates on their shipments of dressed meats from the railroad companies.

The firms against which the temporary injunction stands are Armour & Co., Swift & Co., The Cudahy Packing Company, Nelson Morris & Co., The Schwarzschild & Sulberger Company, and The Hammond Packing Company.

The packers sent out copies of the injunction three thousand, also letters stating that if the agents violated the injunction they would be held personally responsible.

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The Lectures
May 29, 1902
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