Monday, Nov. 19, 1945
Facts & Figures
All for Andy. The 20 stockholders of Higgins Industries, Inc. voted unanimously to back up burly boatbuilder Andrew Higgins' solution of their labor difficulties.
They agreed to liquidate the company, including two subsidiaries which had no labor troubles. The vote to dissolve the corporation is "effective immediately." But work already in progress may force it to keep going for a few months.
Trees for All. There will be more Christmas trees this year than ever before.
So predicted Christmas-tree cutters in the Pacific Northwest, which furnishes a third of the nation's trees. Moreover, wholesale prices will be about half the 1942 wartime peak. Retail tree sellers, as usual, will charge what the traffic will bear.
Plushy Seat. A seat on the New York Stock Exchange sold for $89,000, highest in eight years (1937 price: $93,000).
Up Cotton. The OPA authorized a 10% increase in the manufacturer's price of virtually all combed cotton fabrics. Reason : the Bankhead Amendment, which recently raised the parity price of cotton. Eventually, the boost will be passed on to consumers.
Down Nylons. Ceiling prices on nylon hosiery will be cut 40%. OPA's new prices, now being drafted, will range from 95-c- a pair to $1.60.
More for Less. Edison General Electric Appliance Co. Inc., subsidiary of General Electric Co., had good news for house wives, bad news for competitors. It will sell its dishwashers for 30% below 1942 prices. Reason: washers were expensively made by hand in 1942, are now being mass-produced. The price: $184.50 to $249.50.
Up Prices. The Federal Government prepared to taper off its $1.8 billion a year program for wartime food subsidies. By next June all payments are due to end, including the whopping $534 million to dairy farmers and the modest $7.4 million to prune growers. Government pencil pushers last week figured out just how much retail food prices could rise when subsidies are dropped. Their figures: milk will go up 1.3-c- a quart; bread 1-c- a loaf; cheese 4.8-c- a lb.; pork 4.4-c- a lb.; prunes 4.2-c- a lb.; flour 8.8-c- for 10 lbs.
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