Word: shoeing
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Dates: during 1940-1949
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...price the consumer is asked to pay for shoes is high-very high; the immediate outlook is that it will be higher." So said Edward C. Orr, president of the National Shoe Retailers Association, at the opening of the National Shoe Fair in Chicago last week. By the time the four-day fair ended, his gloomy prediction was on the way to coming true. Most of the 600-odd manufacturers who attended held out for price increases ranging from 10% to 15%. As a result, purchases by some 12,000 buyers were considerably smaller in physical volume, though...
Manufacturers blamed the rise on "a cost-price squeeze." Thus, they pointed out that between May and August hide and skin prices advanced 38 points on the Bureau of Labor Statistics wholesale index while shoe prices advanced less than 3 points. (But hide prices were still under the peak of last November while shoes were well up from then.) Said Lawrence B. Sheppard, president of the National Shoe Manufacturers Association: "In the shoe industry, replacement pricing [i.e., raising the price of previously manufactured shoes to cover replacement cost] must be substituted for wishful thinking...
...manufacturers had gone for replacement pricing, all right, and they had done something else, too. Many of them began to cut back production long before last May, thereby shoring up prices-and profits. Shoe sales dropped about 20% in the first half of this year, more because of consumer resistance to prices than because of satisfied demand. Instead of lowering prices the industry in the first nine months of this year cut production nearly 60,000,000 pairs...
Last summer, in an across-the-border display of short tempers (TIME, Aug.11, 25), Canadian railroads were accused of sticky slowness in returning empty U.S.-owned coal cars. Last week the shoe was on the other foot. At the season when Canada's need of boxcars was greatest-to move the grain harvest from prairie to port-U.S. railroads were far behind in their return of closed cars...
Hungarian-born Conductor Halasz, a slight and dynamic man who has been in the U.S. eleven years, was given a contract to produce three operas. He inherited a rococo hall, a shoe-string budget (seats are $2.40 top, one-third the Met's) and a free hand. Says he: "Where there is no money, there is no interference from pocketbooks. The only thing that can save us is ideas." At his first performance (Tosca), the guns of the firing squad failed to fire in the last act, and the hero had to drop dead without a bang. In Carmen...