Word: buys
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Dates: during 1950-1959
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...average new supermarket now devotes 80 ft. of space to frozen foods, carries as many as 100 different cake, cookie and biscuit mixes, about 50 kinds of baby food, shelf after shelf of quick rice, instant salad dressing and other jiffy goods. The housewife can buy her frozen potatoes whipped, French fried, crinkle cut, hashed, creamed, diced, stuffed baked, escalloped, puffed, pattied, rissoléd-and home fried. She can pick up scores of different frozen complete meals, buy dozens of frozen vegetables from peas (the favorite) to chives, soups that run from tomato to wonton...
...much does the new convenience cost the U.S. housewife? Couples and small families agree that the price is right, but large families often find prepared food portions too small, priced too high to buy in quantity. Gourmet foods are almost uniformly expensive. Yet a U.S. Department of Agriculture study showed that if a typical consumer bought $100 worth of regular foods, they would cost him only 61? less than if he had bought the serviced equivalent. The food industry points out that the extra costs of "conveniencing" foods can be considered the expense of maid service. Says Charlie Mortimer...
...some practical limits to the revolution in the kitchen. Says he: "You cannot sell me on some new food called 'Glatsky' that will have all the nutrients of a steak. I want my steak." But if the public showed a need for Glatsky and a willingness to buy it, Charlie Mortimer would not hesitate to put a General Foods label on it. Then even he might learn to like...
STUDEBAKER-PACKARD merger with Oliver Corp. will bring S-P into the farm-equipment business. S-P proposes to buy Oliver for $83 million, giving Oliver stockholders 7/10 of a share of Studebaker-Packard for every share of Oliver, plus $15 per share in cash...
ALLEGHANY FIGHT is heading for showdown after compromise attempts failed. Chairman Allan P. Kirby has withdrawn offer to give Boston Financier Abraham Sonnabend a seat on Allegheny's board, will not extend a second otter to buy 200,000 shares of stock claimed by Sonnabend, and challenges him to a proxy fight. Sonnabend is mum on plans, has not yet filed statement of proxy intentions with...