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...Department of Agriculture, specialists have been working overtime on plans for melting the surplus out of the warehouses and onto the toast. Among the possibilities is a "Rexall" or 1? sale, in which surplus butter would be sold to consumers for 1? a Ib. if they bought a pound or two of newly produced butter at the regular price. Another possibility is a Brannan-like direct-subsidy plan, under which butter would find its price level in the market, and the Government would pay dairymen the difference between that price and a predetermined parity level. Still another...
...Blending" the Price. But the plan that was running ahead of all others last week called for a "blended" price. The Government would sell the surplus to dealers at a cut rate (possibly as low as 1? a Ib.) and permit them to sell it and newly produced butter to the public at an average price. Thus, if the wholesale price of butter stayed at the present 67? a Ib. and the Government let dealers have the surplus at 1?, the retail price for all butter would be the average-34? a Ib.-plus distribution costs...
...coffeehouses. Charles II of England called coffeehouses "seminaries of sedition," and in France they were just that. Rousseau, Voltaire, Robespierre, Marat and Danton all frequented coffeehouses, and from one of them, the attack on the Bastille was launched. William Penn loved the stuff so that he paid $4.68 a Ib. for it. Upton Sinclair, on the other hand, hated coffee SO deeply that when Harry (Tramping on Life) Kemp was about to move out with Sinclair's first wife, the aggrieved husband, according to Kemp, found her percolator and thrust it upon her lover, saying:"You can take this...
...Powder Train. A year ago, March coffee futures were selling at around 53? a Ib.; last week they touched 72?, and the retail price ranged from...
PRICE-cutting in synthetic fibers is turning into a full-fledged competitive war. For the second time within a month, Du Pont cut its prices 10% to 16% on nylon, Orion and Dacron, lowering them $1.48 to $1.80 a Ib. Chemstrand Corp., which makes Acrilan at $1.40 a Ib., will probably also cut prices to keep its competitive edge...