Word: lid
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Dates: during 1940-1949
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...Retail Grocers called this squeeze "disastrous," predicted wholesale bankruptcies unless OPA could iron out their problems in a hurry. Other retailers put a finger on the saddest inequity of all: the failure to provide a wholesale rollback is hardest on the patriotic merchant who tried to keep the lid on his prices (by averaging his costs), while the one who jumped his prices as fast as his costs rose is rewarded. National Retail Dry Goods Association's General Manager Lew Hahn gulped down his disappointment, promised that his 6,000 members "will do their best." But Lew Hahn...
Centrifugally cast cylinder barrels will be used in all of Ford's Pratt & Whitney engines by this month's end. Both Army and Pratt & Whitney engineers-mindful of the old cast-iron stove lid, which was almost as brittle as glass-were leary of steel castings until Ford testers showed that, while forged barrels burst at 5,000 to 7,000 lb. per sq. in., centrifugally cast barrels burst at 9,000 to 10,000 lb. "Moreover," said a Ford engineer last week, "$10,000 worth of centrifugal dies will turn out as many cylinder barrel blanks...
...last war and the punishing 1920 inventory loss (estimated at $11,000,000,000) they had to take as a result. That was partly their own fault, because of the pyramiding effect of their "replacement-cost" pricing policy. This time they have done their best to keep the retail lid on. Their concerted policy of averaging costs has thus far kept retail prices to around 20% above their pre-war level v. an overall wholesale-price increase...
...Mahoney. Nonetheless, he took his shellacking in character. Three days after Pearl Harbor he was still telling the Senate Committee that some freeze-out of Cuba was essential to domestic sugar growers and that it would not affect U.S. sugar supplies till after the war anyway, because the lid is off for the duration...
...until war blew the lid off diplomacy did the U.S. learn all the last-minute moves with which President Roosevelt and his Secretary of State tried to prevent war with Japan...