Word: prices
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Dates: during 1930-1939
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...Steel, which once produced 90% of the nation's steel, now produces only 37% and is heartily tired both of being called monopolistic and of losing business to independent companies. Last summer, therefore, it abolished price differentials between its Pittsburgh. Chicago and Birmingham plants which had compensated independent mills for their competitive disadvantages...
Hopping mad, certain independents surreptitiously undercut the official prices Big Steel had set for the industry. For a while Big Steel ignored this as a petty annoyance, but fortnight ago the buying demand of the automobile industry forced even Big Steel to shade its prices some $4 a ton, lowering cold-rolled sheets to $62 compared with $73 last spring. When an independent then cut the price another $2, Philip Murray was not the only steel man to fret. With the industry working at only 53% of capacity, it was clear that such price-cutting, if continued, must mean heavy...
Last week prices suddenly returned to the official level. As usual, no steel company would comment, but it was clear: 1) that the automobile companies had completed most of their fall buying; 2) that by finally acknowledging and meeting the surreptitious price cuts, Big Steel had convinced its angry competitors that, even if it is not a monopoly, it is still too big for them to trade punches with...
...crisis is occasioned by a handsome young inventor (Vincent Price, onetime stage lead to Helen Hayes in Victoria Regina) who bitterly resents her professional efforts to manage his career. Chic, wholesome and moderately funny, Service de Luxe benefits by characteristic performances from Charles Ruggles, Helen Broderick and Mischa Auer, an unusually bright script. Best line: Broderick's description of the meeting between Price and Bennett: "When freak meets freak...
Lincoln Steffens' Autobiography was published in 1931, became an immediate best-seller despite Depression, its price of $7.50 and the fact that its author, then 65, had been virtually forgotten. By 1938 it has sold 94,577 copies, and is generally accepted as the definitive account of: 1) the great reform movement that swept the U. S. before the War, 2) the birth of modern magazines, 3) the dilemma of liberals facing such post-War phenomena as Fascism and the Russian Revolution...