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Show ! FARM MACHINERY j TRUST jlTTACKED ; Implement Prices Are Beyond Reason. Federal Trade Commission Reports : WASHINGTON. Sept 7 Declaring prices of farm implements to have ; been Increased without warrant I through "coneeried action" of manufacturers manu-facturers anl deslers. the federal trade -ommislon In a report rerom-I rerom-I mend reopeninjc of anti-trust procecd-! procecd-! hues airainpt ih International Ifar-i Ifar-i I y eater compan) and institution of judl- clsl proceeding against Implement ! mamtfaciurrrs and dealers. I The commlsalon declares that its ln-I ln-I VSStlgStlOn, which was ordered b) the 'senate, disclosed ihat in the period he- tWeen ISM and 1S18 prices pawl b.. k farm era for implements advanced ' I I per ent with the greater portion of jfhe increase coming In Jfl7 at! 1,918., .This Increase, the rommlsilon aa-i aa-i ert . waS larger than warranted t . I the advance jn the rosts and exp X B m,oi the manufacturers and dealers and '.resulted In unueusjly larne pr..ftt. i ( Rur .() CP 1 1 NotVMihstandi.c the lure f.cm-"jere, f.cm-"jere, according to the commission's re- I port, "were not prevented from mak-"lnR mak-"lnR a much profit as before, because jthe prices of farm produOtf (pCreaSSi - to an even Kreater exten: Tlie rr)rri ;dd. howeer, that If present Implement prices are maintained main-tained vnile prices of farm products ! decrease, high implement coals "may .'we become . factor In nrevennrie. the farmei from making a fair profit." I Amonjt the farm Implement dealer, the commission charae concerted ac-' tlon was practiced ihroueh th. Na- tlnnal Federation of Implement and' vehicle Dealers' assoolatlom with of-' fires a Abilene. MM . and the Baat- 'ern Federation of Perm Maohlner) dealers, with offlcea at PhllSdelphla, ' 'and local c!uts orjesn'red bv these two aaaoclatlona i DENIAL I SSI l D CHICAGO. Kept. 7 Statements la-1 ed by the Internationa Harsestrrl Company and the National lmplmni land Vehicle association in reply ;. the report of th federal tiadr- , ommisslon , 'denied that either oreaniMtlon has St any time atiempted te fix or maintain1 price The International Harvester com-'l panys statemen: rlfned h Cynil II McCormlck, chairman of us board of directors snld: "11 should be noted that the repor' j fiors not find prices ot profits in the frirm Implement industrv excessive, lexdrbltanl or unreasonable, yel the commission's figures on manufactur-' 'cr'.s profits arestl evreed this com-i I'pan.v'd earnings. ( "The commission might well have j added In its report that if farmers viere.lowcd the same rate of compensation compen-sation PM hour for labor of lhetoeles and of the', families that the manu-i fsctiirers pay for the production of I farm Implements, 11 would be evident .he farmer nee.l.s all of the advanced1 Pa on farm producta in order to i m.il;e a decent living. The advance I ! I cea in both cases in due to causes beyond ine farmers or the manufacturer' manufact-urer' mm rn I 1 No NKtt r M T I S "The Harvester COmDSAV has never .hided with au competitor In flx-inK flx-inK or maintaining prices. The fnate resolution callln- for this report did not mention the decree In the -;!. of (hi Kornmonr aralnsi hr tlarvestei company. Nevertheless the commission has unnecessarily and un.lustfiaidv injected that subj . into the rofiort. ' Not op fact is presented In this criticism except ihe findtna that the Harvester company's nercenUixe of trade in the lines which It is accused dot re tse." The statement closed bv asserting tpat tn- federal court decree- "jaw this company a certain period to make certain changes In Its business) and that tbi p rtod has not vet expired ' SADL1 MISLEADING The. statement from the Vitlonal Implement and Vehicle assoc. anon which claims to renres'-nr nlneiv per cent of the producers of fwrm .mplc-ments .mplc-ments In the country, deelared the report re-port was an 'unwarranted attnek on a conservative and vital Industry 1 l: added "The commission's fienres on profits' are sa.i.- mlslbadlng. ii does not ln-j lUde a? prope, .harfes aitalnvt pro-) fits InCOmS or excess promts T,-Xes. n-frc. n-frc. on borrowed mor' or cash dls counts allowed. Figurine In thesal Items, the nej profit of farm Imple-1 nient manufacturers was lers than l"1 per rent on capital stock Invested, not counting out paper profit flue to ad-' ances in unsold Inventory. This as-; soclatlon has never participated In anvj pries fixing attempt n the farm im-1 plemeni indnst rj |