Word: premiums
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Accardo's job was a lazy man's dream: $65,000 salary as salesman for Chicago's Premium Beer Sales, Inc., plus 5? a case on all the Fox Head beer he sold. For a touch of realism, Tony even deducted $3,994 in depreciation and gas-and-oil expenses for his little red sports car, a Mercedes-Benz SL 300, on his tax returns as business expenses. That gave scholarly Chicago Crimebuster Richard Ogilvie, 37, the clue he needed. Ogilvie, sole survivor of a Justice Department investigative group ostentatiously set up in 1958 to combat Chicago...
...fallible humans who read the information, then punch it onto cards or tape for the computer. With the optical scanner, which can read up to 96,000 cards per day, the computer-and every paper-laden company-has found a powerful ally. Scanners already read and process insurance premium notices, gas station bills, travelers checks, dividend checks. The National Biscuit Co. has cut the time for tallying inventory from a month to three days with a scanner, and a scanner-sorter being tested for the Post Office Department can process letters five times faster than by hand...
...million) has stolen a march on the nation's giant business machine makers. It is the only U.S. company with scanners in commercial operation, already has 31 reading voraciously for U.S. industry. This week Farrington announced that five insurance companies have ordered optical scanners to solve their premium-billing paperwork problems. Farrington's scanners range from a simple, kindergarten type, which reads only numbers, to a sophisticated bookworm that can read whole pages at a time. They rent out on a three-year lease at $1,650 to $6,100 per month...
...pays nearly 5? per lb.-or more than 2? above the world free market price. This premium is designed to keep the U.S. sugar price from fluctuating wildly with the world market price, and to eliminate both the very high prices that hurt the consumer and the very low prices that are disastrous to producers. The Secretary of Agriculture does not set an exact price, but controls it by increasing sugar quota allotments when prices are headed upward, decreasing them when prices are headed downward...
...about 200,000 tons, and Panama will increase its quota from 3,600 to 10,000 tons, providing a bonanza for the family of President-elect Roberto F. Chiari, which owns the country's biggest sugar plantations and refinery. All of these countries will be paid at the premium quota rate...