Word: prices
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Dates: during 1940-1949
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Coming at China's darkest hour, the fall of Mukden, after the government's stubborn attempt to stay in Manchuria, gravely affected public confidence in the regime. Economic pressure forced the government at week's end to give up its price-control program as a failure, unfreeze price and wage ceilings. Overnight Shanghai prices increased four to five times. The new gold yuan (TIME, Aug. 30) had started on the same giddy spiral as the old Chinese national dollar...
...Newmarket course was studied foot by foot so that the jockey could be told "where to do what" far in advance. Townley bet his money strategically, in driblets spread among more than 80 bookmakers. He got some money on at 50 to 1, some more al 40. Then the price eased off to 33. Sterope went to the post at 25 to 1. Altogether Townley bet about $16,000 on him to win -and Sterope won by a slim half-length While Townley waited, the stewards reviewed the claim of foul. They not only disallowed it, but fined Jockey Charlie...
...Boss David Sarnoff, representing the record makers. The compromise was simple: the union musicians relaxed their demands for royalties on all records sold since the Jan. i ban, in return for fatter royalties to come when the presses start cutting records. The new rates: 1% of the retail price of all records selling under $1 and a "slight increase" in royalties on records costing more than...
...never seen anything quite like it. One day they saw men unloading a truck at a weed-grown lot. Six days later a trim new two-bedroom house stood there, complete with shrubs and fresh-laid concrete walks. Most startling of all was the price: $5,750, including...
...finished this six-day wonder last week were La Fayette's Price brothers, James, 37, and George, 31, whose National Homes Corp. had been built up with the same speed as the house. Since they had opened a factory eight years ago, with money put up by relatives and friends, National Homes has become one of the biggest U.S. builders of prefabricated houses. It has turned out 13,500, including 7,500 wartime emergency units...