Word: yorke
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Dates: during 1930-1939
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...about by two and sometimes more stores in a town starting a feud and vowing they will not be undersold. It always seemed to me that is one way to go nowhere fast." Not price-cutting but price-raising disturbed Jay D. Runkle of Marshall Field's New York Office. In prices the merchant's interest is close to that of the customer, opposed to that of the manufacturer. The lower the price the easier it is to sell the goods. In viewing with alarm the commodity boom, Retailer Runkle opined: "It would be a serious thing...
...committee for further study, and many a shrewd merchant privately declared that that would be the last ever heard of it. Even then the retailers did not go home. On the next day they witnessed the distribution of prizes in a "better-selling contest" conducted by the New York Uni-versity School of Retailing. On hand to present the prizes was one of the contest's judges, Chairman Samuel Wallace Reyburn of Associated Dry Goods Corp. (not to be confused with the Texas Congressman, Sam Rayburn...
...hens in the East, the mild, muddy winter of 1936-37 has seemed enough like spring to stimulate prodigious, pre-seasonal laying. Not long after Christmas farmers found themselves with more pails of fresh eggs than they could sell. Early last month the New York egg market was glutted, wholesale prices were abnormally low, farmers were beginning to reduce chicken feed and to slaughter too-productive pullets. Meanwhile the great chain grocery stores which sell New Yorkers about one billion eggs a year were making about 11? a dozen on the spread between wholesale and retail prices. Upon this scene...
Though the immediate effect of this was to attract an even larger number of egg-sellers to the New York market than before, by week's end wholesale prices had steadied, moved up a little. Surplus Commodities Corp. hoped that this would dissuade poultry farmers from cutting down on feed and hatchings, thereby causing an egg shortage next autumn...
Eggs bought in New York and later in the West were routed to relief agencies in the flood area. Over SCC's second objective-getting retail prices down so that greater egg consumption would reduce the surplus-pre-sided the angel of publicity. Spotting government concern over eggs, the vigilant New York World-Telegram announced with three-column headlines that chain grocers whose eggs cost them 34? a dozen were selling them for 45?, making three times as much profit as they made in 1935. "There is no known method," said the World-Telegram blandly, "of forcing the chains...