Word: boosted
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...Though Sav-Way is strictly a war baby, Saffady is unworried about the future. He expects to boost his gross another $1,500,000 this year to $6,000,000; he also expects to cut his prices so his net will remain the same, and thus save him the bother of renegotiation. At war's end he expects most of his present business to vanish. Then he will simply riffle through his inventions, decide which ones can be made easily in his plants. He will farm out the rest. But he has no intention of expanding beyond his present...
Petroleum Administrator Harold L. Ickes, who mortally fears a U.S. oil shortage, wanted a boost in crude oil prices in order to spur production. Economic Stabilizer Fred M. Vinson, fearful that this might squeeze about $500,000,000 more from the U.S. consumer, flatly refused. Still Mr. Vinson agreed that the price of oil in many a U.S. field is too low. Last week, OPA came up with its routine solution: a subsidy for the oil industry. Estimated cost per year...
Little of the subsidy cash would go to the big integrated companies. (They and the Oil Congressmen prefer Mr. Ickes' plan for a price boost.) OPA tailored its plan to fit only the small operators of the 200,000 "stripper" wells-the marginal producers who turn out some 15% of all U.S. oil. Squeezed between rising costs and OPA's ceilings many a stripper has been forced to plug his wells and go out of business. And once plugged, the wells are often ruined by salt water seepage...
...Administrator Ickes had little to crow about. OPA coolly brushed off his main contention-that an overall price increase is needed to boost wildcatting and thus uncover new fields. OPA pointed to figures showing that wildcatting is now at an alltime high; in all, estimated 5,000 wells will be sunk this year, a whopping 1,500 over last year's record high. As OPA sent its plan along to Stabilizer Vinson for approval, it hoped that it had taken the steam out of the drive for an overall crude-oil price increase...
...fact, high price for spot cotton, which a fortnight ago climbed above 21? a lb.-a 15-year high-was the result of a boost in the parity price, and Lend-Lease. In the past month Lend-Lease bought 330,000 bales for immediate shipment. The lag in futures quotations reflected the pessimism with which traders and cotton buyers view the future...