Word: retailing
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Dates: during 1950-1959
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...numbers game: I Win, a close cousin to rummy, which is supposed to teach them arithmetic. Invented by Gertrude Gebbie, an accountant who wanted to help "children who don't have the patience to learn by rote," / Win has the approval of the Chicago board of education, sells retail at 75? a deck. Half a million decks are already...
...program, by pegging market prices artificially high, also interferes with a "trade not aid" foreign policy. Large imports would so lower retail prices, that the U.S. must set up barriers against certain crops. American foodstuffs, in turn cannot find large foreign markets because of the pegged prices...
...unemployment now totals 2,300,000 or 3,000,000. Hence, it is difficult to compare 1954 unemployment with that in 1948-49. But in other aspects, the two periods are remarkably similar. In both cases, production started down in October, dropped nearly 10% by February. In both cases, retail sales dropped 20% from October to February (not much out of line with normal seasonal trends...
...probably with a 25?-a-lb. price increase within the next few months. The increased demand has caused importers to raise prices to packers and blenders 18¶ to 24? a lb. on popular grades, and the jump will be passed on to consumers as soon as retail stores start replenishing their stocks...
...dairy industry. As of April 1, he will cut the support price of dairy products to 75% of parity, which is as low as the law allows. This will slice the wholesale butter support price by 8? a Ib. (from the present 66?), and will probably cut retail prices almost as much. Benson hopes this ..will greatly increase consumption. Next decision Benson must make: adoption of a plan to move the $360 million worth of dairy products already stacked up in the Government's warehouses...