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People buying gum or fruit drops today often find themselves fumbling for change and playing candy-counter roulette with various vendors who charge different prices for the same item. The trouble started when some manufacturers increased their prices on nickel candy and gum by either 1? or 2?. In the subsequent confusion, wholesalers and retailers ignored the official prices and began charging whatever the traffic would bear. As a result, some people soured on sweets, and sales were hurt. Market analysts concluded that customers do not like to dig out several coins for a small purchase, would just as soon...

Author: /time Magazine | Title: PRICES: Sweet Inflation | 2/8/1971 | See Source »

...leading manufacturers are considering still another change. Chicago's Wm. Wrigley Jr. Co., the largest chewing-gum maker, is one of the few producers to have kept the price of its basic five-stick pack at a nickel. Market analysts predict that the company will soon raise its prices, perhaps shifting to an eight-stick pack for a dime. On the strength of such forecasts, Wrigley's stock one day last week jumped more than nine points...

Author: /time Magazine | Title: PRICES: Sweet Inflation | 2/8/1971 | See Source »

Since then, except for a few palace coups, not much has changed. Since 1962 urban and rural guerrillas have been fighting the dictatorship. There are a lot more American firms, like the new nickel mine, which anticipates gross sales of over $10 billion in the next 23 years (Guatemala's rich get tossed $204 million). ( Naeva Presencia, Guatemala, University of San Carlos, Facultad de Economic, July, 1970) Twelve of every one hundred children die before age four, six on them from measles. The illiteracy rate is the second highest in Latin America. (Juan Maestro Alfonso, Estudias de la vida rural...

Author: By James PAXTON Stodder, | Title: Guatemala: Muffled Screams | 1/19/1971 | See Source »

...some $12 billion over the next few years. They want to buy a heavy-truck factory from West Germany, a freight-containerization system from Britain and petrochemical plants from France. They are negotiating deals totaling more than $1 billion with the British for the construction of copper and nickel plants in Siberia and the modernization of the port of Murmansk. They are buying Italian machines for making a wide range of products, including drip-dry clothing, ice cream and bread sticks. In addition, the Russians hint that they intend to purchase abroad a vast line of equipment to furnish...

Author: /time Magazine | Title: Business: East-West Trade: Wielding a Tender Sword | 11/16/1970 | See Source »

...economics of the trend: "I had a regular beer bar here, and I was lucky if I took in $80 a night. Now I get a couple onstage, pay them $10, charge a $3 cover and $1.25 for a glass of tap beer that costs me a nickel. Even on a bad night I come out with...

Author: /time Magazine | Title: Enterprise: The Rich Pornocopia | 11/16/1970 | See Source »

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