Word: coding
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...should be a balanced function which, when efficiently performed, passes along price benefits to the consumer, reached the ears of Mrs. Mary Harriman Rumsey, head of NRA's Consumers' Advisory Committee. She perked up her ears and flatly denounced the whole fair practice section of the Retail Code. It was learned that Dr. Alexander Sachs of NRA's Research Division had confidentially reported to General Johnson that "stop-loss" was price-fixing and nothing more. Consumers' leagues, Granges, the American Farm Bureau Federation sniffed a rat and began to howl. To these groups price-fixing...
Agricultural Adjustment Administrator Peek, who is responsible for the Food & Grocery Wholesale & Retail Trades Code, was also alarmed. Retail price-fixing would make it more difficult for him to bring farm prices up to parity with manufactured goods. Though the Food Code went into hearings last week with a price-fixing clause-a 10% mark-up like the Retail Code but split 2?% to the wholesaler and 7?% to the retailer-few observers believed that it would get by Mr. Peek...
...except for phraseology, the Retail Code emerged from the back-room stage in much the same form that it went in. Wages & hours were changed so that a store might elect to operate in one of three groups, classified by number of hours per week that it remained open. But no store might operate less than 52 hours a week (except those that did so prior to June i). Maximum hours in each group ranged from 40 to 48, minimum wages in big cities from $14 to $15 a week. Lowest wage allowed was $9 for villages in the South...
Publication of the code brought a new shower of protests. The mail order houses abruptly reversed their position when they discovered that NRA economists had changed "invoice price" to "wholesale price." That would mean that Sears, Roebuck or Montgomery, Ward would not get the full benefit of their huge-scale buying. When "invoice price" was reinstated and the rest of the section simplified, they fell back into rank-but grumbling that the whole thing was unworkable...
...Though it was estimated that September dollar sales were 8% to 10% above a year ago, the rise was more than accounted for by increased prices-proof that the volume of trade was off. Merchants talked nervously of a Buyers' Strike. Consumers feared that retailers would use the code as an excuse for general price-upping, particularly in communities where competition was slack. The NRA had been used as an excuse before. In July the price of cotton sheets was 85? wholesale, 99? retail. By September though the wholesale price was still 85?, the retail price was $1.23. Excuse...