Word: flouring
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...bachot, the grueling baccalaureate exam that decides who shall enter universities and the grandes ecoles, and thus automatically become the elite that will some day rule the nation. The exam was over last week, and in Paris and Marseille milling, delirious teenage students overturned cars, pelted passers-by with flour, bombarded police with eggs, set bonfires on the sidewalks. They were celebrating the end of the pretest tension-and a lot of them were celebrating the fact that this year they knew the questions in advance...
...nation's most select, secretive and somber ruling bodies: the board of university trustees that is styled by ancient usage as the Yale Corporation. Following tradition, an alumni committee put up an official slate for Yale's 85,000 graduates to choose from: Flour Heir Philip W. Pillsbury, 60; Republican Congressman John V. Lindsay, 42, of New York; and George B. Young, 51, executive vice president of Chicago's Field Enterprises Inc. Competing with them was William Horowitz, 57, a New Haven banker and chairman of the Connecticut state board of education...
...charges of rigging prices in the steel that goes into cars, refrigerators and washing machines. Last week the trustbusters-struck hard at the belt:in the biggest indictment yet brought in the food field, they made price-fixing charges against the twelve millers that grind 65% of the bakery flour used in the 40 states east of the Rocky Mountains...
...companies cited, which do a total business of $305 million a year, include the two largest millers, General Mills and Pillsbury. Since 1958, the Government charges, they have fixed prices in the flour made from the hard winter and spring wheat that goes into white bread. Along with these firms, three presidents and three vice presidents were named as conspirators. The suit against the millers is much less definite than the steel case in details about how, when, and where the millers met to set; it claims that they used two economics news services to spread the word on what...
...flour companies intend to fight hard to beat the charges. "It is common knowledge in the milling industry," said Chairman Philip W. Pillsbury of Pillsbury, "that a good deal of bakery flour is sold at a loss." Since the Korean war, says he, the millers' profit margin in the sale of bakery flour has held at 1% of the retail price of a loaf of white bread. Actually, argues Pillsbury, the Government has a bigger hand than the millers in setting prices. The cost of wheat makes up five-sixths of the flour price, and Government crop-support programs...