UNITED FRUIT SUED BY U. S. AS A TRUST; BREAK-UP IS ASKED; Company Accused of Fixing Prices and Stifling Rivals -- Denial Is Issued UNITED FRUIT SUED BY U. S. AS A TRUST
US files anti-trust suit, New Orleans Fed Ct, charging violation of Sherman Act and Wilson Tariff Act by stifling rivals and fixing prices in banana indus; asks co dissolution; alleges co controls shipping facilities, most of crop-growing land in Central Amer and coerces customers; holds co controls 16-92% of banana business in 7 nations from which US obtains 99% of bananas imported; vp S Baggett denies charges; revs events leading to litigation