Word: retailing
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Dates: during 1940-1949
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...backward look by the Bureau of Labor Statistics etched the meaning of a trend of little boosts. The pre-wholesale prices of 28 basic commodities had risen a thumping 22.4% since the beginning of July. One big boost still stuck. From June 15 to July 15 retail food prices had soared 13.8%, the largest monthly jump in the 43 years since the Bureau had been keeping tab on them. (Actually, the real price to the consumer did not go up quite as much because of the abolition of subsidies on decontrolled products, which he must no longer pay via taxes...
Back in his Los Angeles office (he is president of Foreman and Clark Inc., a retail clothing chain), he set himself to a new job: to organize Los Angeles County Republicans. Home was a good place to start. The low state of the party in Los Angeles gave it no place...
...wholesale meat stocks rose to 80% of the wartime average, packers shied away from high prices. Result: 4,000 high-priced hogs remained unsold one day at Chicago's Union Stockyards and wholesale meat prices started down, though they were still well above OPA ceilings. Retail prices, which had generally been in the black-market stratosphere, started down too. By week's end, they were beginning to level under June's black-market price in Manhattan and other big cities-but they, too, were still well above former ceilings...
...first time in months. Result: choice cattle prices in Chicago, which had sagged, went up to an alltime record of $25 a hundredweight. The bulk of the cattle sold for less, but the average price v. the OPA ceiling of $18, was still over $20. Result: up went retail meat prices all over the nation. New Yorkers paid as much as 50% above OPA for meat...
...corn crop of 3,341,646,000 bushels, 28% better than average; and 1,090,092,000 bushels of wheat. There was even optimistic talk that, with good crops in Canada, France and other countries, the demand for food would ease and grain prices would come down. Meanwhile, the retail prices of everything made of grain, bread, syrups, etc. were bound to go up to match the sky-high wholesale prices...