Word: prices
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Dates: during 1940-1949
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Profits and dividends were not the only things that were headed up. Last week the economy's price structure began to feel the impact of the third round wage hike. General Electric Co., which had already boosted home appliances, raised the prices of industrial motors 5% and industrial control equipment 10%. Chrysler joined the automobile price-boosting parade with a 3% to 6½% increase...
...rubber industry, which a year ago cut tire prices 10% but later raised them, was getting ready to raise them again. Up went roller bearings, cable products, plastics, furs. Two-for-15? cigars (Bayuk) were boosted to 9? apiece. The Aluminum Co. of America last week granted a 10% wage increase, promptly raised the basic price of aluminum 1? a Ib. (to 15?), the first price increase in eleven years...
General Motors, which started the third round on May 25, had agreed to raise wages again if the cost of living went up. Last week the Bureau of Labor Statistics reported that the consumers' price index rose seven-tenths of 1%. Meat prices, said the B.L.S., had shot...
...Flivver. Ford Motor Co., which had upped the price of its 1949 Ford by $85 to $125, last week ordered its dealers to figure their markups (25%) on the old prices (thus cutting their profit by an average $25-per-car). The grey market was already placing a far different price structure on the new Ford. On "used" car lots, new models were selling at $3,000 (the Detroit-delivered price ranges from...
...complete victory for John. It calls for: 1) a $1-a-day wage increase;* 2) renewal of a union shop; 3) a boost in the welfare-fund royalty from 10? to 20? a ton. Estimated cost to the operators: more than $200 million a year. Expected increase in the price of coal...