Report of the Federal Trade Commission on the Grain Trade, Volume 2

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U.S. Government Printing Office, 1920 - Grain trade
 

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Page 84 - The true test of legality is whether the restraint imposed is such as merely regulates and perhaps thereby promotes competition or whether it is such as may suppress or even destroy competition.
Page 95 - In this connection it must also be borne in mind that, although in 1874 there were in Chicago fourteen warehouses adapted to this particular business, and owned by about thirty persons, nine business firms controlled them, and that the prices charged and received for storage were such "as have been from year to year agreed upon and established by the different elevators or warehouses in the city of Chicago, and which rates have been annually published in one or more newspapers printed in said city,...
Page 263 - As liquidated damage, the seller shall pay to the purchaser not less than five per cent., nor more than ten per cent, of the value of the commodity as established by the committee ; the percentage, within said limits, to be such as In the judgment of the committee, may be just and equitable. Settlement shall be made without delay, and the damage, as determined under the provisions of this section, shall be due and payable Immediately upon the finding of the committee.
Page 94 - State having not less than one hundred thousand inhabitants, "in which grain is stored in bulk, and in which the grain of different owners is mixed together, or in which grain is stored in such a manner that the identity of different lots or parcels cannot be accurately preserved.
Page 93 - All railroad companies receiving and transporting grain in bulk or otherwise shall deliver the same to any consignee thereof, or any elevator or public warehouse to which it may be consigned, provided such consignee or the elevator or public warehouse can be reached by any track owned, leased or used, or which can be used by such railroad companies...
Page 63 - Washington is in grain which passes through the elevators of Chicago. In this way the trade in grain is carried on by the inhabitants of seven or eight of the great States of the West with four or five of the States lying on the seashore, and forms the largest part of interstate commerce in these States.
Page 117 - Bute contrary to the form of the statute in such case made and provided, and against the peace and dignity of the same People of the State of Illinois.
Page 63 - the great producing region of the West and North-west sends its grain by water and rail to Chicago, where the greater part of it is shipped by vessel for transportation to the seaboard by the Great Lakes, and some of it is forwarded by railway to the Eastern ports. . . . Vessels, to some extent, are loaded in the Chicago harbor, anil sailed through the St.
Page 113 - Illinois; and at the time they were made, a statute was there in force, which declared that " whoever contracts to have or give to himself or another the option to sell or buy at a future time any grain or other commodity, stock of any railroad or other company...
Page 126 - ... be, terminated, closed, or settled according to or upon the basis of the public market quotations of prices made on any board of trade or exchange upon which...

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