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14 IN GLASS TRADE FINED IN TRUST CASE

New York Times

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In January 1941, 14 entities in the Chicago glass trade faced fines totalling $31,003 after pleading nolo contendere to charges of price-fixing. Major players like Pittsburgh Plate Glass Company and Hooker Glass & Paint Manufacturing Company were each fined $4,000, while union representatives received maximum fines of $5,000. The indictment revealed that union officials enforced a standardized pricing agreement by withholding union labour from non-compliant contractors, highlighting a coordinated effort to control glass installation prices in the region.


They Plead Nolo Contendere at Chicago on Price-Fixing
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Special to THE NEW YORK TIMES
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CHICAGO, Jan. 22---Fourteen corporate and individual defendants in the glazing industry, accused of fixing prices of glass installed in and near Chicago, were fined a total of $31,003 today by Federal Judge Philip L. Sullivan. They had entered pleas of nolo contendere and placed themselves at the mercy of the court.

Fines of $4,000 were assessed against the Pittsburgh Plate Glass Company, the Hooker Glass & Paint Manufacturing Company, and the Tyler & Hippach Corporation. Three business agents for the Brotherhood of Painters, Decorators, and Paperhangers of America, Glaziers Local No. 27---George Meyers, Max Glass, and Charles Pfeiffer---were fined the maximum of $5,000 each.

The local itself and the glass contractors' association were fined $1 each.

Other fines follow: Hamilton Glass Company, $1,000; Michael Shapiro, president of the Hamilton Glass Company, $1,000; Industrial Glass & Paint Company, $500; National Glass Corporation, $500; Torstenson Glass Company, $1,000, and Elmer Torstenson, president of the Torstenson company, $1.

The indictment charged that the companies, with others in the contractors' association, agreed to use a common price schedule. The union "policed" the agreement, the indictment charged, by refusing to supply union labor to any contractor violating the price agreement.

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Encyclopedia Titanica (2004) 14 IN GLASS TRADE FINED IN TRUST CASE (New York Times, Thursday 23rd January 1941, ref: #3346, published 3 August 2004, generated 4th December 2024 01:15:14 PM); URL : https://www.encyclopedia-titanica.org/14-glass-trade-fined-trust-case.html