Antitrust: Pounding Brass

Attorney General Robert Kennedy's Department of Justice last week moved against the U.S. brass industry. In Hartford, Conn., a federal grand jury handed down indictments against eleven major brass producers and seven of their officers for conspiring to fix prices on pipe and tubing sold to the Tennessee Valley Authority and municipal governments.

The list of defendants read like a Who's Who of the industry. Named in the indictment were Anaconda American Brass, Phelps Dodge Copper Products, Chase Brass & Copper, Revere Copper & Brass, the Cerro Corp.. Bridgeport Brass, the Scovill Manufacturing Co., Calumet & Hecla. Mueller Brass, Triangle...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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