Word: prices
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Dates: during 1940-1949
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Competition was reduced, pricewise; but it was increased in an unexpected way. The attraction of "sure profits" on fixed prices lured thousands of new merchants into business. As they scrambled for customers, price-cutting returned in another form. Now, in order to undersell the "protected" independents, most large chain stores put out their own brands. R. S. Macy & Co. has over 1,400 such items. Gimbels offers its own brand of bonded liquor...
...High Prices. The American Fair Trade Council, Inc., now one of the chief Washington lobbyists for all fair-traders, insists that price-fixing benefits the consumer: "It enables him to buy . . . without haggling over prices ... It protects him from so-called 'bargain' sales...
...Washington, D.C., a tube of brand-name shaving cream sells for 23? v. the Baltimore "fair-trade" price of 39?. A diabetic pays $1.65 for insulin that costs $2.47 in Baltimore. And the fair-traders are working hard to wipe out even these few remaining islands of price competition...
...models were aimed at U.S. trade. They had the wide grillwork which Britons call "the Dollar Grin." Daimler's pastel green, 150-h.p. convertible, with hand-built body, was the show's most expensive car. In England, with a $10,000 tax, it costs $28,000. U.S. price: about...
Morris, whose two-seater M.G. Midget is a popular U.S. seller, this year offered a four-seater tourer (U.S. price: $2,750) with leather seats, adjustable steering wheel, built-in jack. The slickly streamlined Alvis 14 special sports tourer has its headlights hidden behind the radiator grill, and a cocktail bar in a door...