The Present Legal Status of Open Price Associations

THE term open price has no precise meaning and is generally applied broadly to all those associations whose members exchange statistical data on prices, sales, shipments, stocks, orders, costs and the like. The legality of the exchange of such data has been for years in dispute. Secretary of Commerce Hoover and the United States Chamber of Commerce endeavored with partial success to secure from the Attorney General an opinion which would define the proper limits of such activities. To them is largely due the credit for the analysis of economic facts and effects which finally resulted in the recent decisions of the United States Supreme Court clarifying the legal status of this form of association activity

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