Word: conoco
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Dates: during 1940-1949
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Three weeks ago, 250 members of the association met in the auditorium of Denver's Conoco (Continental Oil) Building, decided that 9% was too low. On a show of hands, only a few grocers confessed to operating costs of less than 14%, none to less than 12%. The minimum markup under the Unfair Practices Law was upped promptly to 12%, plus 2% for grocers with their own wholesale warehouses...