Word: cigarets
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...company be monopolistic even though it does not exclude competition? Last week the U.S. Supreme Court said yes. In a unanimous decision which greatly broadened the definition of monopoly, the Court upheld the conviction of the Big Three cigaret companies (American, Reynolds, Liggett & Myers) and 13 top executives on antitrust charges...
...Three had contended that no monopoly existed. Reason: during the period covered by the indictment, competitors had increased their share of the cigaret market. But the court ruled that the mere presence of competition did not mean that there was no monopoly, as long as the defendants had conspired to get or keep the power to exclude competition and intended to use that power...
...Three and the individual defendants will have to pay fines of $15,000 each. But no one was naive enough to believe that this would loosen the hold of the Big Three on the cigaret industry...
...taken out of the country), after being well briefed by the British resident agent of an international ring. On deplaning in Geneva, he exchanged his pounds for Swiss francs at the official rate of 17 Swiss francs per pound. He picked up a silk shirt and a silver cigaret lighter, reserved one Swiss franc for carfare. Before going on to France, he handed the remaining 1,200 Swiss francs to the ring's Swiss operative (France does not permit travelers to bring more than 1,000 French francs into the country...
...supported Democrats, and in Groceryman Frank Munsey's time (1916-25), violent eruptions which staffers called "Munsey proclamations" appeared with regularity on the face of the Sun. Great ghosts still haunt its dim corridors. Courtly Keats Speed, a great-nephew of Poet John Keats, still puts out his cigaret when he enters the newsroom, in habitual deference to a rule of the Munsey era, long since repealed. He and City Editor Edmond Bartnett, after 25 years, still address each other as "Mr." Sun employes, who own part of the paper's stock, have their own little union instead...