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...order is a slicked-up version of the OPA regulations of World War II. To set a selling price for a can of peas, for example, the grocer looks at his wholesale cost, increases it by a fixed percentage taken from an official OPS markup list. The list covers 60% of the products in the nation's $32 billion annual food bill, including butter, baby foods, breakfast cereal, cocoa, coffee etc. Exempt: milk, cream, fresh meat, bread, liquor and 58 other commodities, all of which are still regulated by the Jan. 26 order, as well as fresh fruit & vegetables...

Author: /time Magazine | Title: CONTROLS: The New Order | 4/9/1951 | See Source »

...grocer will have to do a mountain of paper work. He will have to recalculate his prices every Monday, to account for changes in wholesale costs the week before. And the order is rigged to protect the smaller, often less efficient, storekeeper. Retail markups run on a sliding scale based on four grocer groups: independent stores grossing less than $75,000 a year those grossing from $75,000 to $37,5000; chain stores grossing less than $375,000; all stores grossing more than $375,000. The smaller the store, the bigger the mark-up allowed. Thus, the small grocer...

Author: /time Magazine | Title: CONTROLS: The New Order | 4/9/1951 | See Source »

...Mike Di Salle thinks his new rule will give the honest grocer a squarer deal. Before the Jan. 26 order, many sharpshooters boosted their prices skyhigh, were rewarded when the order froze the prices at that level. By freezing markups instead of prices, OPS hopes to give everyone the same fair chance to make a profit. But there is no hope that food prices will be kept down if farm prices continue to rise. The grocer will simply pass any increased costs to the consumer...

Author: /time Magazine | Title: CONTROLS: The New Order | 4/9/1951 | See Source »

...cotton goods refused to take orders. They knew how much they could charge under the freeze -but they didn't know how they could make money at those prices in the future while raw materials soared.* Many a retailer was in the same boat. Said a San Francisco grocer: "I'm selling coffee for 83? a pound, but now that I'm restocking I find that I have to pay 86? for it myself...

Author: /time Magazine | Title: CONTROLS: Heat & Thaw | 2/12/1951 | See Source »

...insatiable climber whose Princeton ambition was to become a big-man-on-campus, Fitzgerald was embarrassed both by his Irish mother and by his father's job as a wholesale grocer's salesman. Years later he wrote to Novelist John O'Hara: "I am half black Irish and half old American stock with the usual exaggerated ancestral pretensions . . . Being born in that atmosphere of crack, wise crack and countercrack I developed a two cylinder inferiority complex ... I spent my youth in alternately crawling in front of the kitchen maids and insulting the great...

Author: /time Magazine | Title: Books: The Big Binge | 1/29/1951 | See Source »

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