Word: prices
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Dates: during 1940-1949
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...after a slow start in many states-were wonderfully good again. U.S. farmers, pleased at the prospect, were buying grey-market Cadillacs and planning trips to Europe. Farmer John Sternberg of Fulton, Ill. sent a load of Aberdeen Angus heifers to Chicago, got $39.25 a hundred pounds, the highest price per hundred pounds ever paid for heifers on the open market. Ohioans told a story about a farmer who took a bucketful of money to the bank to pay off an $8,000 mortgage.The teller emptied it, said: "There's $10,000 here." Said the farmer: "I must have...
...third-round wage increases. To the 35,000 miners in the steelmakers' "captive" coal pits went the same $1-a-day boost John L. Lewis had wangled from other coal operators. Then U.S. Steel Corp., which had held out for more than two months against the wage-price spiral (TIME, May 3), gave Phil Murray what he wanted for his steelmakers: an average 13?-an-hour increase. Other steel companies followed U.S. Steel's lead, were expected to follow it also with price lifts (see BUSINESS...
Prospects of early price cuts in meat were also out. With an abundance of feed on hand, farmers this fall would hold back more than the expected number of animals for breeding and fattening, pushing the low rate of meat production still lower and prices still higher...
Nowadays, their 175-man construction gang does the entire job, from foundations to shell, but installations (plumbing, lighting, etc.) are farmed out to subcontractors. Since the Liberty partnership began operation, it has sold $6,500,000 worth of houses-at an average price of $14,000, an average profit of about 10%-and borrowed more than $5,000,000 to keep on building. Such narrow margins permit no dillydallying: before last week's 105-house sale, Liberty had already begun to lay the foundations for 47 houses in an adjoining area; they would be ready in about four months...
...with a new trick in reducing ore to iron. By using anthracite instead of coke, Brassert can produce pure melting stock at $21 to $26 a ton (current average cost: $40); from the waste gas Brassert will make solid CO² (Dry Ice) at $15 a ton (present retail price: $35 to $65). In a new $1,250,000 iron-ice plant at New York, Brassert hopes to make enough the first year to pay off half the construction cost...