Time Clock, Jan. 30, 1956

CORPORATE MERGERS will find the going rougher. The Federal Trade Commission has slapped Foremost Dairies (39 dairy companies acquired since 1951) with a complaint charging "constant and systematic elimination of actual and potential competitors" with the result that Foremost boosted sales from $52 million in 1950 to $375 million in 1954. FTC Chairman John W. Gwynne has also asked Congress for new powers to require advance notice of all mergers in excess of $10 million, and stronger powers to dissolve mergers that have already taken place.

NEW ALUMINUM GIANT will be built by Olin Mathieson Chemical Corp. The company will spend $120...

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