Word: retailing
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Dates: during 1950-1959
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Many an old reader felt the same way. It still was the capital's only around-the-clock daily, and its biggest (circ. 268,000). But the T-H had lost 10,000 readers in a year, while its rivals were gaining. Advertising, too, had slumped, notably local retail...
...pork, which has long been selling under its retail ceilings. One big Midwest food chain cut prices on pork chops 10? a Ib. to 73?, planned another 10? cut this week. Elsewhere, housewives were loading up on the biggest pork bargains in months as a near-record pig crop (66,000 last week) came to market...
Black Markets. But beef was another matter. Beef prices are still at their retail ceilings; supplies of many good cuts are short and, in some places, prime beef is simply unavailable. Despite the huge shipments of beef to market, big meat packers cannot buy their normal quotas of animals under OPS controls...
...small. Another dodge: meat packers are allowed a certain shrinkage in cooling their meat, but it is a simple matter to claim more shrinkage than actually occurs. It is just as simple to rejuggle the books to bring purchase prices down with little risk of being caught. For with retail prices skyhigh, black marketeers can buy their beef above OPS ceilings, sell it at legal prices and still show a profit...
...furniture to processed foods. Manufacturers whose sales have been lagging (e.g., the television and appliance industries) probably won't raise prices immediately. In any case, DiSalle, who will soon extend the price-boosting order to many other products, does not expect the increases to be felt at the retail level for some months. But eventually the amendment will give another painful nudge to the cost of living...