Word: co-op
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...convention of the Consumers Cooperative Association last week roared out the chorus of their Battle Hymn of Cooperation. The windburned farmers who lounged in red plush chairs in Kansas City's Municipal Auditorium, munching apples, had plenty to sing about. In 23 years, C.C.A. has become the largest co-op of its kind in the U.S. It has assets of $52.2 million, 449,000 member families, and last year sold $74 million worth of merchandise-everything from tractors to toilet soap...
...offered 18 varieties of packages, ranging from the $13.50 holiday parcel (including one canned Sell's turkey, 8 oz. Swanson butter, 1 lb. Crosse & Blackwell plum pudding, 1 lb. Welch's orange marmalade, 1 lb. Sun-Maid raisins, 1 lb. Uncle Ben's rice, 1 lb. Co-op coffee and 1 can-opener) to the $10 layette packages (including 1 doz. diapers, 1 crib blanket, 1 receiving blanket, 2 kimonos, 2 nursing bottles, 4 nipples, 1 pkg. safety pins...
Title to the property will be held by a nonprofit co-op of stockholding tenants which will also take over the debts on the hotel. The new stockholders will pay Kirkeby $3,000,000 which "would take us many years to get through the present [renting] arrangement." Having paid only $187,500 on the debts, Kirkeby's company in effect will receive about 650% on its cash interest in the property...
With many housing units in the province of Punjab destroyed in religious riots, housing has often become a graver problem than food for the student community. Already the World Student Relief has been active in starting a student co-op hostel throughout the country...
...co-op method of getting around rent ceilings had started over a year ago (TIME, March 25, 1946). Then it had been nipped by OPA's ruling that 80% of the tenants in a building had to agree before a building could be made a coop. Even then, the holdouts could not be evicted for six months to a year. But the new law said nothing about that. It provided that tenants could be evicted if the owner of an apartment or house 1) needed it for himself, or 2) had sold it to someone who needed a place...