Soap Opera. The soap industry's "Big Three"Lever Bros., Procter & Gamble, and Colgate-Palmolive-Peetwere accused by the Federal Trade Commission of unlawful price discrimination against small customers by their rebate system to big buyers. P. & G. admitted that it gave rebates to protect wholesale stocks, whenever it lowered prices. But, said P. & G., it was a practice that had been respected for "many, many years," and once approved by FTC.
Texas Payoff. After nearly 18 months of negotiations, Monsanto Chemical Co. and the Oil Insurance Association of Chicago finally reached an agreement on the company's claims for its plant...
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