Show PACKERS CHARGED WITH profiteering inordinate GREED AND BARE FACED FRAUD CHARGED BY FEDERAL TRADE commission meat packers said to have pocketed in 1915 1916 and 1917 without regard to laws flour mills also SIR gainers washington on a tremendous scale lit in practically all till basic commodities of life wa ft as a report e to the senate saturday by the federal trade commission as the result of aw ai exhaustive investigation inordinate greed and barefaced fraud as well as war pressure tor for heavy production tile the commission reported as the ilia causes of properties were made by great concerns when it became came evident that the government was about to fix prices on a basis of return on investment the report says and salaries allowances and expenses were in many instances padded to show increased costs of conducting business the outstanding feature of its iti investigation ti tile commission reported was the evidence of a tendency to increase and maintain prices against the forces of competition of all the big profits disclosed by the investigation the report says the profits of the meat packers and those alllen with them and by tho the flour mills hhand foren despite tile tho fixing of prices by the government manipulations of tile the market by the five great packers armour swift morris wilson allson and cudahy tho com coin asserts em embrace braco every device deuce that Is useful to then them wit without hout regard to law the report charges that the fl alvo va concerns have monopolistic control of oc the ment meat I 1 industry and are reaching for like domination lit in other products during 1015 1010 and 1917 the re port part says those these companies pocketed the experience with steel flour und and co coal al says sass the report referring to price shows that a high stimulating axed price while stabilizing an ascending market produces an economic situation which Is fraught with hat hardship to tile consuming public and with ultimate peril to the high cost companies comp anlo through increasing power potter of their low air cost coot competitors |