II. Correspondence and materials-Continued
F. Comments of dealers-Continued
9. Letter from Jack H. Leopold, Twin Town Sales &
Service, Inc. (Plymouth, Chrysler, Imperial), 630
New York Ave., Huntington, N. Y. 11743, to
"Letterbox" column, Automotive News, August 18,
1969_
G. Letter dated June 24, 1969, from L. P. Francis, president,
Francis Chevrolet Company, 11200 St. Charles Rock
Road, Bridgeton, Mo. 63042, to the Honorable John
Mitchell, Attorney General of the United States, and
related correspondence:
1. Letter from Mr. Francis to the Attorney General...
2. Letter dated July 18, 1969, from Senator Bible to
Senator Symington-
3. Letter dated July 24, 1969, from L. P. Francis to
Senator Symington__
4. Letter dated July 28, 1969, from Senator Symington
to Senator Bible.......
H. Letter dated July 2, 1969, from Irving Berman, 295 Central
Park West, New York, N. Y. 10024, to Ralph Nader,
and related correspondence:
1. Letter from Irving Berman to Ralph Nader....
2. Letter dated August 14, 1969, from Raymond D.
Watts, counsel, Senate Small Business Committee,
to Irving Berman.
3. Letter dated August 18, 1969, from Irving Berman
to Senate Small Business Committee___.
I. Statistical data on U.S. domestic make new-car dealerships:
1. Number of U.S. (domestic make) new-car dealer-
ships, 1947-69, Automotive News, 1969 Almanac
issue...
2. Numbers of dealers handling U.S. makes of passen-
ger cars, by make, 1966-69:
Tables from 1967, 1968 and 1969 Automotive
News Almanac issues..
Article by John K. Teahen, Jr., "U.S. Dealer
Total Dips; 200 Drop Out in 1st Half," and
supporting table, Automotive News, August
4, 1969
3. New-car sales per U.S. maker: corporate totals per
dealership, 1955-68, Automotive News, 1969
Almanac issue..
4. Average numbers of new-car sales per dealer, 13
principal makes, 1957–68, Automotive News, 1967
and 1969 Almanac issues.
J. Statistical data on imported new-car dealerships in the
United States:
1. Number of imported-car dealerships in United
States, 1957-69:
Tables from 1967, 1968 and 1969 Automotive
News Almanac issues and Automotive News,
August 25, 1969__
Table, "Import Dealers, 1957-1969,' Auto-
motive News, August 25, 1969.
Article by John K. Teahen, Jr., "Import
Dealerships Increase to 8,083; Exclusives
Gaining,' Automotive News, August 25,
2. Numbers of dealers handling imported passenger
cars in the Uuited States, by make, 1966-69, from
1967, 1968 and 1969 Automotive News Almanac
issues and Automotive News, August 25, 1969___
3. Average numbers of imported-car sales per dealer, 20
principal makes, 1959–68, Automotive News, 1969
Almanac issue, April 28, 1969_-
II. Correspondence and materials-Continued
K. Business failures of new-car dealers in the United States,
1954-68, Automotive News, 1969 Almanac issue, April
28, 1969 (from Dun & Bradstreet, Inc.) _-.
L. Statistical data on U.S. truck outlets:
1. Number of truck outlets in the United States,
1961-69, Automotive News, 1969 Almanac issue.
2. Numbers of sales outlets for trucks, by make, 1966-
69, Automotive News, 1967, 1968, and 1969
Almanac issues _ _
3. Average numbers of truck sales per outlet, 14 (or
15) principal makes, 1960-68, Automotive News,
1967, 1968, and 1969 Almanac issues...
M. Article, "Is the Leasing Tail Wagging the Dog?", Car
Dealer Newsletter, July 21, 1969.
N. Article, "Try to Interest Nader in Dealer Problems," Car
Dealer Newsletter, July 28, 1969___
O. Articles on manufacturers' computer-accounting systems for
dealers:
1. Article, "Is Ford's New Computer Test Last Arm of
Octopus To Strangle Independent Dealer?", Car
Dealer Newsletter, June 23, 1969.-.
2. Article, "GM versus Ford Approach to Computeriz-
ing," Car Dealer Newsletter, July 14, 1969.
P. Article by Bob Fendell, "Ford Dealer Suit Seeks To Bar
Factory Retailing," Automotive News, September 1, 1969.
III. Automobile Manufacturers Association publications on economic
importance of motor vehicles in the several States of the United
States:
B. "Motor Vehicles in Alabama".
C. "Motor Vehicles in California"
D. "Motor Vehicles in Florida".
E. "Motor Vehicles in Michigan"
F. "Motor Vehicles in Nevada".
G. "Motor Vehicles in New York".
IV. Correspondence from automobile manufacturers in response to
points and questions raised at the hearings:
A. Letter dated July 30, 1969, from Byron J. Nichols, vice
president, marketing, Chrysler Corp., Detroit, Mich.
48231, to Senator Nelson...
B. Letter dated August 8, 1969, from Rodney W. Markley, Jr.,
vice president, Washington staff, Ford Motor Co., 815
Connecticut Ave. NW., Washington, D.C. 20006, to
Senator Nelson..
Enclosure: List of New York City new-car dealers
holding Ford Motor Co. franchises.
C. Letter dated August 29, 1969, from Ross L. Malone, vice
president and general counsel, General Motors Corp., 767
Fifth Avenue, New York, N. Y. 10022, to Senator Nelson..
Enclosure: List of New York City operations retailing
new General Motors passenger cars as of July 31,
1969_..
D. Letter dated Oct. 2, 1969, from John M. Sheridan, assistant
corporate secretary and general attorney, American
Motors Corp., 14250 Plymouth Rd., Detroit, Mich. 48232,
to Senator Nelson___
Enclosure: List of New York City new-car dealers hold-
ing American Motors Corp. franchises__
V. Correspondence and materials on the automobile manufacturers,
their economic and social role:
A. Table: Net income as a percent of net worth for the four
major U.S. automobile manufacturers: 1957-first 6
months, 1968 (by the Legislative Reference Service of
the Library of Congress, from Moody's Industrial
Manual)..
V. Correspondence and materials-Continued
B. Letter dated October 21, 1968, from Karl U. Smith, professor,
department of psychology, University of Wisconsin, Madi-
son, Wis. 53706, to Senator Nelson and Representative
Kastenmeier___.
C. Articles on growing markets for U.S. auto manufacturers:
1. Article, "Bulk auto sales burn up the road," Business
Week, October 12, 1968__.
2. Article, "Roche Sees Huge Gain in Overseas Car
Sales," the Washington Post, May 24, 1969---
D. The Federal Trade Commission's investigation of new-car
price advertising:
1. Letter dated June 20, 1969, from William D. Dixon,
Division of Trade Restraints, Federal Trade Com-
mission, to Senator Bible....
Enclosure: Federal Trade Commission, "Notice
of Public Hearing and Opportunity To Submit
Data, Views, or Arguments," dated May 23,
1969__
Enclosure: Federal Trade Commission press
release, "FTC Initiates Public Hearings on
Price Advertising Practices of the Automobile
Industry," dated May 23, 1969-
2. Article by Dan Fisher, "Auto Industry Attacked on
Ads," the Milwaukee Journal, June 16, 1969____
E. Consumer complaints about automobile defects:
1. Letter dated July 1, 1969, from Charles Kligman, 629
East 77th St., Brooklyn, N.Y. 11236, to Senator
Nelson___
Enclosure: Letter dated June 16, 1969, from
Charles Kligman to Edward N. Cole, presi-
dent, General Motors Corp.
Enclosure: Article, "GM Assails Critics Who Say
Auto Firms Shortchange Customers-Cole's
Attack Is Sharpest by Company in Years,
Indicates Hardening Stance in Industry," the
Wall Street Journal, June 16, 1969.
2. Letter dated August 5, 1969, from D. F. Woolley, Jr.,
26 Bennington Rd., Convent Station, N.J. 07961,
to customer relations manager, Ford Motor Co.---
3. Letter dated August 5, 1969, from Christopher
Wiese, 5036 W. K. K. River Parkway, Milwaukee,
Wis. 53219, to Senator Nelson..
Enclosure: Letter dated July 28, 1969, from
Christopher R. Wiese to Volkswagen of
America, Inc.
4. Article by UPI, "Public Ceremony-Angered by
Repairs, Owner Buries Ford," the Washington
Daily News, January 2, 1969_.
5. Statement in the House of Representatives by Rep-
resentative Charles A. Vanik, "Ford Motor Co.
Announces Reduced Warranty Period," the
Congressional Record, September 3, 1969--
F. Two editorials from Automotive News:
1. "Communicating in a Frustrating Time . . . It's
What You Do That Talks," Automotive News,
June 2, 1969-
2. "Should We Hide Our Heads in the Sand?-An
Industry and Its Critics,' Automotive News,
August 11, 1969.-
G. Letter dated August 14, 1969, from David H. Libby, Libby
Distributing Co., 120 Four Winds Rd., Portland, Maine
04102, to Senator Nelson, and related correspondence:
1. Letter from David H. Libby to Senator Nelson__
2. Letter dated August 25, 1969, from Senator Nelson
to David H. Libby-
H. Letter dated June 29, 1969, from James G. Maier (former
General Motors employee), 18750 Philomene St., Allen
Park, Mich. 48101, to Senator Nelson__
VI. Economic analysis of Ford Motor Co. pricing policy as revealed by
comparison of factory cost data and wholesale price list: paper
by Paul Burgess and Fred R. Glahe; comment by Mark B.
Schupack:
A. Letter of transmittal dated April 16, 1969, from Fred R.
Glahe, associate professor of economics, University of
Colorado, Boulder, Colo. 80302, to Raymond D. Watts,
counsel, Senate Small Business Committee.
B. Paper by Paul Burgess and Fred R. Glahe, "The Price
Equation: Some Microeconomic Evidence".
C. Comment on Burgess and Glahe's paper by Mark B.
Schupack, associate professor of economics, Brown
University
VII. The Securities and Exchange Commission's new requirements for
line-of-business sales and profits reporting by conglomerate
corporations, and related materials:
A. Statement by Senator Nelson, "The Securities and Exchange
Commission's New Rules on Disclosures by Conglom-
erates," with exhibits, the Congressional Record, July
18, 1969.
Exhibit 1: Letter dated June 20, 1969, from Senator
Nelson to the Honorable Hamer H. Budge, Chair-
man, Securities and Exchange Commission (en-
closures omitted)..
Exhibit 2: Letter dated July 9, 1969, from Chairman
Budge to Senator Nelson, with enclosures..
Exhibit 2A (enclosure): Memorandum prepared by
Office of Chief Accountant and Division of
Corporation Finance, Securities and Exchange
Commission, with respect to letter dated June
20, 1969, addressed to Chairman Budge by
Senator Gaylord Nelson_.
Exhibit 2B (enclosure): Securities and Exchange
Commission, Securities Act release No. 4922,
dated September 4, 1968: "Notice of Proposed
Amendments to Forms S-1, S-7 and 10".
Exhibit 2C (enclosure): Securities and Exchange
Commission, Securities Act release No. 4949,
dated February 18, 1969: "Notice of Revision
of Proposed Amendments to Forms S-1, S-7
and 10"
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Exhibit 3: Securities and Exchange Commission,
Securities Act release No. 4988, dated July 14, 1969:
"Adoption of Amendments to Forms S-1, S-7 and
10"
Exhibit 4: Article, "Revision of Divisional Reporting
Proposals Draws Negative Comment,' Securities
Regulation and Law Report, June 25, 1969-
Exhibit 5: Article by Jan Nugent, "Big Firms Fight
Data Requests," the Journal of Commerce, July 9,
1969 (omitted here; appears as exhibit 29, p. 553)---
Exhibit 6: Article by Edwin L. Dale, Jr., "Disclosure
Rules For Big Divisions Adopted by SEC," the
New York Times, July 15, 1969_ -
Exhibit 7: Article, "SEC Sets Conglomerate Reporting
Guide; Regulation Altered To Help Small Firms,'
the Wall Street Journal, July 15, 1969---
Exhibit 8: Article, "SEC Ordering Conglomerates To
Explain Net," the Washington, D.C. Evening Star,
July 14, 1969.
Exhibit 9: Article, "SEC Adopts Disclosure Regulations," from the Washington Post, July 15, 1969.B. Letter dated July 16, 1969, from the Honorable Hamer H. Budge, Chairman, Securities and Exchange Commission, to Senator Nelson...
VII. The Securities and Exchange Commission's Continued
C. Excerpts from "Public Reporting by Conglomerates-The
Issues, the Problems, and Some Possible Solutions,"
edited by Alfred Rappaport, Peter A. Firmin, and Stephen
A. Zeff
1. Introductory Note by Senator Nelson..
2. Table of contents of "Public Reporting by Con-
glomerates".
3. Paper by John M. Blair, "Antitrust Implications of
Conglomerate Reporting"
4. Paper by Dudley E. Browne, "Discussion of SEC
and Antitrust Viewpoints"-
5. Appendix: examples of segmental reporting..
D. Statistical materials from the Bureau of the Census on the
reported enterprise industry category activities of the 200
largest manufacturing companies.
1. Letter dated October 23, 1968, from Russell C. Parker,
senior staff economist, Ćabinet Committee on
Price Stability, to Murray D. Dessel, coordinator,
enterprise statistics, Bureau of the Census..
2. Letter dated December 31, 1968, from Murray D.
Dessel to Russell C. Parker..
3. Tables prepared by the Enterprise Statistics Staff,
U.S. Bureau of the Census:
Table 1.-Counts of the 200 largest manufac-
turing companies and their reported enter-
prise industry category activities. Crossclassi-
fied by company sales rank and by percent of
total sales reported in the primary enterprise
industry category: 1963..
Table 2.-Counts of the 200 largest manufac-
turing companies and their enterprise industry
category activities in 1963, crossclassified by
company sales rank and by percentage of
total company sales that would be reported
for separate enterprise industry categories
under various proposed SEC reporting rules.
Technical notes to foregoing tables.
E. Staff of the Cabinet Committee on Price Stability, "Public
Financial Reporting by Conglomerate Firms" (excerpt
from Study Paper No. 2: "Industrial Structure and Com-
petition Policy")
Appendix Table 11: Number of broadly defined indus-
trial categories for which the 200 largest companies
would provide separate reports under selected report-
ing rules
F. Commentary of the Chrysler Corp., Ford Motor Co., and
General Motors Corp. on the September 1968 and Febru-
ary 1969 proposals of the Securities and Exchange Com-
mission on product-line and line-of-business reporting____
1. Comments filed by the Chrysler Corp.
(a) Letter dated November 1, 1968, from R. J.
Helder, comptroller, Chrysler Corp., De-
troit, Mich., to Orval L. DuBois, Sec-
retary, Securities and Exchange Com-
mission..
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