Open Price Associations

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University of Illinois Press, 1923 - Competition - 235 pages
 

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Page 219 - These by-laws may be amended by a two-thirds vote of the members present at any...
Page 218 - The executive committee shall meet at the call of the president or of any two members thereof on forty-eight hours...
Page 23 - The purpose of the plan is to disseminate among members accurate knowledge of production and market conditions so that each member may gauge the market intelligently instead of guessing at it; to make competition open and above board instead of secret and concealed; to substitute, in estimating market conditions, frank and full statements of our competitors for the frequently misleading and colored statements of the buyer.
Page 170 - Your suggestion, that trade associations, associations of retail and wholesale merchants, commercial clubs, boards of trade, manufacturers' associations, credit associations, and other similar organizations, should be encouraged in every feasible way by the Government seems to be a very wise one. To furnish them with data and comprehensive information in order that they may more easily accomplish the result that they are organized for is a proper and useful Government function. These associations,...
Page 119 - ... it is one of the oldest as well as one of the most important of the lumber associations in existence. The Yellow Pine Association first had its origin among cer*Preliminary Report of the Federal Trade Commission on Activities of Lumber Manufacturers
Page 183 - Hence follows what is undoubtedly true, with proper explanations, that in the same open market, at any one moment, there cannot be two prices for the same kind of article.
Page 43 - The essence of competition lies in the element of knowledge; it is real, true, and beneficial in proportion to its openness and frankness, its freedom from secrecy and underhand methods."7 This constitutes a statement of his theory.
Page 44 - true competition exists only where there are two or more competitors14 competing under conditions that enable each to know and fairly judge what the others are doing.15 To have true competition, it is necessary that not only sellers be informed, but that also buyers be informed. "This term may be applied to purchasers who are competing against each other in making purchases of goods, but Mr. Eddy undoubtedly uses the term in its more commonly accepted meaning...
Page 148 - SW-12 fixed the price of yellow pine lumber pursuant to the adopted report of a committee on values, and if Smith, the secretary of the association, pursuing the lawful methods originated by him of obtaining reports from correspondents of actual sales, had fairly compiled and averaged such reports into a list of current prices of yellow pine lumber, we -would not say that Smith's acts or the acts of the association in this behalf were unlawful. In truth the name "prices current" explains Itself in...
Page 24 - ... distribute accurate statistics regarding the entire industry. 4. To devise a scientific system of cost accounting, suitable for the industry, to the end that each manufacturer engaged in the industry may accurately know the cost of his output. In this connection it is not the purpose of the Institute to impose upon any member any cost items or to use, in any manner, the cost system as a means for controlling prices. 5. The encouragement of the true spirit of "cooperative competition" by bringing...

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