Word: boost
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...contract farming, since it increases the market for their products. One of the pioneer promoters of the plan in the pork industry is Kansas City's aggressive Staley Milling Co., which supplies feed to contractors of all three packers using the plan, has sent its men around to boost it at farmers' meetings...
...airlines' mayday pleas for a fare boost, the Civil Aeronautics Board last August gave a majestic, bureaucratic answer. It was already conducting something called the General Passenger Fare Investigation, planned for hearings to go leisurely on until 1959. As they droned on, platoons of economists racked up 5,000 pages of testimony proving that 1) fares are now 9% lower than in 1949, while costs are astronomically higher, 2) the airlines cannot raise money to buy jet fleets. But all this failed to excite CAB. Not a single one of the five board members even bothered to show...
...week this bureaucratic boondoggling angered the White House, which regards a commercial jet fleet as a transport reserve needed for national defense. It gave CAB a swift kick in the pants, told it, in effect, to give the lines immediate emergency relief. Promptly. CAB offered a 6.6% interim fare boost by a vote of three to two (Vice Chairman Chan Gurney voted against the boost on the ground that it should be 10%). If accepted, as expected, domestic trunklines will get a 4% raise, plus an additional $1 on each ticket, along with the hope that real relief will come...
Though the interim boost will bring the airlines about $90 million a year more, they still say it is far from enough. In the first eleven months of 1957, net operating income of the twelve lines dropped 49.8% to $56.5 million on total operating revenues of $1.4 billion. In November every line ended in the red except Braniff, and its income was down 55%. Deficits ranged from American's $1.9 million to Northwest's $247,000. The chief cause: while operating revenues rose 12% through November, expenses soared 17.9%. Nearly a year ago, when the airlines first began...
...pressuring Congress for higher import walls. They want 4?-a-lb. tariff when prices fall to "peril point" of 30?, instead of current tariff (suspended until next July) of 1.8? a Ib. at peril point of 24?. With copper now selling at 25?, Congress is leaning toward peril-point boost, but frowns at lifting tariff itself...