The Sugar Institute case, decided March 30, 1936, in a unanimous decision by the Supreme Court, has been eagerly awaited by those interested in 'the limits and possibilities, under the anti-trust laws, of so-called self-regulation by industry through permissible activities of trade associations. The decision has been reported to affect some 2,000 trade associations. The case presented such a diversity of practices that any decision in it gave great promise of answering some of the many perplexing questions growing out of the enforcement of the anti-trust laws, which could not heretofore be answered from the decided cases. The fact that the case came up after the demise of the NRA, and the Federal Government's attempt at trade regulation through that medium, gave it peculiar importance to groping industries which desired to maintain, to some extent at least, the stability of price and the curtailment of destructive and unfair competitive practices made possible while the NRA was in operation. Fortunately, the case was carefully presented in the lower court and in the Supreme Court.