Word: prices
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Dates: during 1940-1949
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...they had predicted and promised, Republicans gave Harry Truman's massive special session program a quick brush-off. To the surprise of no one, they refused to consider price control or rationing as inflation remedies, gleefully repeated the President's observation of ten months ago that "these are marks of a police state." Their answer to a request for an excess profits tax was a brusque no. Despite Candidate Tom Dewey's personal intervention, they refused to liberalize the provisions of the Displaced Persons bill. The one unarguable gain of the week was approval...
...Department of Agriculture computed one item in the cost of keeping the nation's farmers happy. In the past five years, it announced last week, the Government has taken a $170 million loss on 196 million bushels of surplus potatoes (TIME, Aug. 9). Because the 80th Congress extended price support levels of potatoes until the whole 1948 crop was marketed, the Government was now buying potatoes at the rate of $4,000,000 a week...
Maybe Another Year. In the old days, Caruso was paid $2,500 a night-2½ times what the Met now pays its Melchiors and Ponses. But other expenses had risen sharply. Most show-wise Broadwayites agreed with the directors that the Met couldn't safely raise the price of its orchestra seats above the present $7.50. The antiquated horseshoe house seats less than 3,500, one-third the capacity of municipal auditoriums in such cities as Cleveland, St. Louis, Seattle. As long ago as 1925 Otto Kahn had told the management it needed a new house...
Ford Motor Co. last week posted its second round of price rises in less than two months. Blaming increased costs and "material shortages which cause production interruptions," it added $75-about 5%-to the price of Fords.* Lincolns and Mercurys were boosted proportionately, and other manufacturers were sure to follow suit-Nash, for instance, when their new models come out this fall...
Trade Catchers. The cost of such trains has been heavy; in one year the net working capital of U.S. roads has dropped $450 million to $705,013,000, a 39% decline. But the return has been worth the price. Though passenger traffic is off as much as 50% from its wartime peak, many streamliners are booked solid. In twelve months the Illinois Central Railroad's City of New Orleans grossed its $4,000,000 construction cost; with its sister streamliner, the Land 0' Corn, it had doubled Central's passenger revenues. The gleaming new Pullmans...