Word: said
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Dates: during 1950-1959
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Railroads. Rail traffic in the first half, said James L. Symes, chairman of the Pennsylvania Railroad, will be 5% to 7% over the first half of 1959, when the rails were still steaming out of the recession...
Retail Food. Food will continue to be "at least as great a bargain" through the first half of 1960, as it was during this year, said Franklin J. Lunding, chairman of the Jewel...
Automobiles. Detroit is upping its estimate that 6,500,000 to 7,000,000 cars will be sold in 1960, including half a million imports, said W. C. Newberg, executive vice president of Chrysler Corp. No one is now thinking of a range much below 7,000,000 units. Reason for rising optimism: the large number of sales deferred by this fall's steel shortage, plus "the excitement over the new economy cars that has helped to stimulate sales in all other price classes...
Hidden Costs. Upset by the fast attack, Schering's President Francis C. Brown hotly protested that Keef's chart -and the Keef himself-were all wrong. Prednisolone, said Brown, is a Schering improvement on Merck & Co.'s basic cortisone, is marketed by Schering under the trade name Meticortelone. Schering cross-licensed other companies to make it and bought a lot of it from Upjohn Co., at $1.19 per hundred tablets. But this price, argued Brown, did not take into account the costs for research, administration, taxes, selling and distribution. By Schering's figuring, said Brown...
...people think that wonder drugs, such as prednisolone, which enables bedridden arthritics to walk, cost too much, said Brown haughtily, the problem is "inadequate income rather than excessive prices." In reply, the subcommittee staff brought out that Schering bought some hormone tablets at 12? per 60 from a French manufacturer, wholesaled them as "Progynon" for $8.40 with a consumer price of $14-a 7,079% markup...