Word: sallee
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Rollback In Beef. The most thunderous salvo of the week was fired by Price Controller Mike Di Salle. He ordered an 18% cut (about 5? a Ib.) by next Oct. 1 in the price that may be paid for live cattle. He also fixed dollars & cents ceilings on wholesale and...
Price officials glibly estimated that their day's work would roll beef prices back to pre-Korea levels, save housewives an estimated $700 million a year. Lower prices should be seen in butcher shops by Aug. 1, they said, and by Oct. 1 beef should be down about 10...
The basic principle of Di Salle's new system is to set prices according to a manufacturer's pre-Korean level, add to them only the actual increases in material costs up to December 31, the labor costs up to March 15. But Di Salle is determined to...
This rule will put a premium on efficiency, let low-cost operators get a better break than inefficient, marginal ones. But Di Salle warned that OPS will not allow any new increases in costs (e.g., cost-of-living wage increases) to be added automatically to prices.
Di Salle admits that his gradual squeeze on profit margins will take a long time to show up on consumer price tags. But when it does begin to be felt, he predicted substantial price slashes, especially among swashbucklers who took advantage of shortages to charge all that the traffic would...