Business & Finance: Cease and Desist

Said the Federal Trade Commission to the U. S. Steel Corporation: "Cease and desist from your 'Pittsburgh Plus.' " This after deliberations which began in June at the request of the Western Association of Rolled Steel Consumers, backed up by 32 States.

"Pittsburgh Plus" is descriptive of a U. S. Steel Corporation price-fixing practice. The Corporation's policy is to sell plates, shapes and bars on a delivered basis, irrespective of the place of manufacture, and values them all as if they were manufactured at Pitts- burgh. This uniform valuation forms the Pittsburgh base price. The...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!