Time Clock, Sep. 13, 1954

FAIR TRADE LAW REPEAL may be recommended by Attorney General Herbert Brownell's committee on antitrust laws and enforcement. After a year's study, the committee of 60 lawyers, businessmen and industrialists is expected to deliver a highly critical report on the 1952 McGuire Fair Trade Act, which sanctioned price-fixing between manufacturers and retailers.

CONRAD HILTON, who bought out the ten Statler hotels (for $8,000,000 down, $70 million on credit) only last month, will soon sell them to private investors and insurance companies, lease them back to operate. Hilton, who wants to avoid issuing more Hilton stock to finance his purchase, will retain full...

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