Word: price
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Dates: during 1940-1949
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...similar decision last week, a New Orleans judge threw out the price-fixing provisions of Louisiana's alcohol control law, which compelled retailers to mark up whisky at least 33⅓%, wines 40% and cordials...
...Dallas' Ross Avenue, Dealer Gene Goss ("Goss on Ross, the Tradin' Hoss") was just as idle. In San Francisco, "Horse Trader" Ed Shapiro, the city's biggest used-car dealer, was singing the blues. He had cut the price of an "almost new" 1948 Buick convertible, which he bought six months ago, from $3,295 to $2,395-and he still had it. Not long ago he sold "new-used" Packards for $200 above list price; now he is getting $800 below list. Among 1949 cars, only the Chevrolet still commanded a premium (about $300) over list...
...happy," he says, "if I can contribute just a little that will take some more of the gamble out of farming. Subsidies and price supports will never do that. The only thing they contribute is progress toward socialized farming-and that's the worst thing that could happen to this country...
...last year one of New York's liquor inspectors caught Manhattan Retailer Edward Sidney Levine with his Schenley Reserve down. Levine had slashed the price from $4.05 to $3.75 a fifth. That was less than he was permitted to sell it for under New York's "fair trade" law which, like price-fixing laws in 44 other states, permits manufacturers to set minimum retail prices...
Retailer Levine went to court. Like Florida's Druggist James ("Doc") Webb before him (TIME, April 18), Levine challenged the constitutionality of such price-fixing. Like Doc Webb, he won. Last week, in a unanimous decision, a five-judge appellate court threw the state board's price-fixing powers down the hatch. Unless the decision was reversed, there would soon be a wave of price-cutting all over the state. In July, 29 million gallons of aged whisky laid down right after VE-day would roll on to the market, ready to help the downward push...