Word: mikes
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Dates: during 1950-1959
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...erected over thousands of food items in his freeze order of Jan. 26. For them he substituted a complex system whereby the Office of Price Stabilization regulates the percentage markups which retail grocers and wholesalers may tack on to the cost of goods. No one, not even tubby Mike Di Salle, is sure how the new order which becomes obligatory on April 30, will affect retail food prices. But Mike is optimistic. Said he last week: "We are sure that there will be more decreases than increases...
...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...
...Union Depot 40 years ago, Isaac Katz sold oranges at three for a dime. "But Ike," his customers would say, "the other boys get a nickel apiece." "Yeah," Ike would answer, "but they sell one and I sell three. See what I mean?" Ike's kid brother Mike saw exactly what he meant, and soon was running another cut-rate fruit stand nearby...
Since then, Ike and Mike Katz have become the cut-rate kings of Kansas City, Mo., with 16 drugstores there and another 13 scattered through Kansas, Missouri, Oklahoma and Iowa. The Katz superstores carry more than 25,000 items, ranging from television sets to clothing, from mousetraps to lovebirds. Five of them carry monkeys, and managed to sell 15 last year at $82 apiece. (Last week the price was cut to $79.) One popular come-on: cut-rate streetcar and bus tickets. But the Katz specialty is selling nationally advertised merchandise "at the right price"-which in Missouri is usually...
Klondike Kid. The Katz family came to the U.S. from Austria when Ike was nine and Mike was one. After four years of school, Ike went to work at 13 on the Great Northern Railway, peddling Navajo blankets, straw mattresses (at $1.50 apiece), food & drink to prospectors going to the Klondike. Then Ike and Mike started their fruit stands. In four years of 19-hour workdays they made enough money (about $500) for Ike to buy a little down-at-heels hotel and make...