Word: premiums
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...materials (wool, cotton and steel products), accounting for about 60% of French imports, the rate would remain 350 to the dollar. The calculated effect: a cut in import spending. Next, to give France a chance to recoup its reserves by selling more in world markets. Gaillard granted a 20% premium to French businesses that direct 50% of their products into foreign markets, thereby permitting them to lower their prices to make them more world competitive...
...fuel oil daily. Some 275 tons of high-grade metallurgical coke are obtained from the cracking process for sale at about $30 a ton to the coke-shy aluminum-smelting industry. So good is the gasoline obtained from Gilsonite that it has a higher octane rating than several premium leaded brands. American Gilsonite figures the cost of a barrel of its crude, laid down at the refinery, is $1.50 to $2, v. $3.25 for a barrel of liquid petroleum. And the supply old Sam Gilson found is enough to operate the plant for over 50 years. With rights...
...tobacco experts expect the figure soon to hit 75%. But do the filters help? Up to now. the cynical answer has been that they help to sell cigarettes, and nothing more. Last week a congressional committee* opened an investigation of cigarette filters, for which the public pays a premium of $500,000 a day. Weight of the evidence: there is hope in improved filters...
...this first all-out assault on manufacturers, aiming especially at an industry-wide blanket contract instead of the customary plant-by-plant settlement. In the dusty cement bag dumped on the negotiation tables by the union were demands for a 13?-an-hour increase (to $2.20), a 10% premium for Sunday work, four-week vacations after 30 years service, and a clause forbidding companies to hire outside service personnel when inside manpower is available...
...quality utility bonds rose as high as 4.58%, while the cost on bonds that were rated a bit lower was as much as 4.68%. On some bonds the yields topped those of blue-chip stocks; Columbia Gas System's 5½% debentures were sold at a premium that made their yield 5.40%, while Georgia Power Co.'s 5¼% first-mortgage bonds had a yield...