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...break its lease without obligation in the event of labor trouble. Mike Demech, youthful (36), politically-minded (Republican) head of U.A.W.'s Local 18, went along, promptly signed a contract with Murray. In return, Murray will spend $1,500,000 on reconversion, eventually employ 4,000, boost Scranton's income by $8,000,000 a year. For a ghost town, Scranton looked like a pretty lively ghost...

Author: /time Magazine | Title: PENNSYLVANIA: Scranton Bets the Future | 4/15/1946 | See Source »

...wage decision last December, said Western Union, cost it $31,000,000, in retroactive raises. It estimated that the wage boost of some $25,000,000 a year will bring its total costs in 1946 to $202,000,000. Estimated income under present rates...

Author: /time Magazine | Title: CORPORATIONS: Up Wages, Out Profits | 4/1/1946 | See Source »

Stabilizer Bowles partially placated the auto industry with a boost in car ceilings, to take care of rising wage and material costs. From now on, new car buyers must agree to add the increase, when OPA decides on the amount, to the price of their car. Reflecting auto wage increases, the first boost may be 5%. Price of a Ford Tudor Sedan, for example, would be increased by $45. Eventually, as the new wage policy boosts costs all along the line, automen expect the increases to run as high...

Author: /time Magazine | Title: PRICES: Retreat into Battle | 3/25/1946 | See Source »

...proposed that U.S. cotton exchanges boost margins on cotton futures $10 a bale for every cent a pound rise above 25?. (At the present price of 26? a pound, on the New York Exchange, this would increase margins 1½times.) Few knew whether this would hold down prices. But it raised the tempers of cotton patriots so high that they loudly threatened to liquidate OPA if it continued to tamper with the sacred right of cotton to rise as high as it pleased. Nevertheless, Stabilizer Bowles was stubbornly determined to check cotton prices. If increased margins did not work...

Author: /time Magazine | Title: PRICES: Retreat into Battle | 3/25/1946 | See Source »

...Companies, Hendy will specialize in cranes, power shovels, dump-truck bodies, etc., will have a sizable market in the Six Companies alone. It also plans to produce any other machinery the new industrial West needs. Already Hendy has a backlog of $10,000,000. President McCone expects to boost sales to $3,000,000 a month...

Author: /time Magazine | Title: CORPORATIONS: Machine Maker for the West | 3/25/1946 | See Source »

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