Word: lowers
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Dates: during 1920-1929
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...made with full consideration of today's price level. The answer is beside the point. The restaurant owners, when asked what percentage they are making, reply that they do not know. A business man knows what his profits are when he so chooses. One owner replied this: "They are lower than they ever have been." This means nothing. If the profits are extortionately high now, what have they been...
Investigation of affairs is surely justified when we find such an attitude. If the restaurant owners showed some desire to lower prices when it is possible, if they could show figures that would justify their position, the public might have some sympathy. Investigations are usually like the bark of a dog. There is no bite. But at least they serve to stir up public opinion, and this will in itself force the restaurant owners to take more nearly equable profits...
This situation does not strike so severely a number of very widely advertised cars whose makers were not unwilling to take advantage of the heavy demand to inflate prices far in excess of any economic justification. Such organizations are now philanthropically paying the way to lower car costs by the simple expedient of knocking off a few hundred dollars worth of frosting, leaving for themselves a cake that would still delight any moderately conscientious business man and still allowing the dear public to pay, for the privilege of purchasing their product, an advertising cost said to run from...
...routine tasks of the particular mission at which they are serving, and, on occasion, of acting as Chief of Mission during the absence of their Ambassador or Minister. The secretaries are divided into four classes. The men of the first class are those who have worked up through the lower grades of the service and who are naturally the most experienced and most skilled in the problems with which they have to deal. On the 1st of January of this year, there were 20 secretaries in the first class; 14 of the 20 were graduates of Yale, the University...
...largest municipal bond houses in Boston shows that four per cent bonds of the city of Chicago maturing round 1935, and so comparable to victory Bonds, are selling at present on a 5.25 or 5.30 basis; that is, they are quoted at approximately 87.50, or more than eight points lower than the Government securities...