Business & Finance: PRICES

The Biggest Fine

Until last week, price ceiling violators have usually gotten away with light taps on the wrist in court. Last week OPS clubbed a violator on the head. It fined New York's Barium Steel Corp. and two subsidiaries, Central Iron & Steel and Phoenix Iron & Steel, a whacking $1,011,-123.63. It was by far the biggest OPS fine yet levied. It was also another black eye for Central Iron & Steel whose activities had figured in Washington's mink-coat scandal a year and a half ago.

Barium and its subsidiaries got into trouble with...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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