Word: prices
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Dates: during 1940-1949
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Under the agreement, the 33 importing nations in the group will buy at least 500,000,000 bushels a year for the next five years from Canada, the U.S. and Australia. Canada will supply 46% of it, the U.S. 37%, Australia the rest. Maximum price will be $2 a bushel. The minimum will be $1.50 the first year, will then drop 10? a year...
...history." But a wheat agreement had been signed by 22 nations in 1933, and had proved unworkable. Besides, this one was not yet a contract. Before it becomes one, it must be approved by Congress and the other governments concerned. And as long as wheat remains high (current cash price: around $2.50 a bushel), the U.S. farm bloc will bitterly fight any attempt to put it under a $2 ceiling...
Cheaper Midget. Automaker Powel Crosley cut the factory price of his midget Crosley sedan...
...technological front, "teevee" was also busy. Last week there was a spate of new developments. Arcturus Radio & Television Corp. was readying sets that need no aerials at all (price: around $400 to $1,400). Electronic Laboratories, Inc. began marketing a plug-in gadget ($80 for table models; $120 for consoles) to make sets work on direct current, thereby adding 300,000 potential customers in Manhattan alone...
United States Television Mfg. Corp. announced a new 15-m. receiving tube (with a flat instead of the normally convex face) which will increase the size of pictures on its sets some 10-20% at no boost in price. And Radio Corp. of America told of a much greater improvement to come (probably by year's end). It has developed a 16-in. steel cathode-ray tube (the basic part of a television set) which can be mass-produced to replace glass tubes now in use, thus lowering the costs of some sets...