Word: nra
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...appeared that the retail and drug codes would go to President Roosevelt with the price-fixing sections intact, but Washington believed that he would await the findings of A. A. A.'s Peek on the Food Code before he made them the law of the land. Meanwhile NRA rushed to nearly every U. S. industry and to all magazines and newspapers, sample advertising copy to start its consumer campaign with the slogan: NOW IS THE TIME...
...sent to the White House. "I want everybody to have a crack at it," said the General. Mr. Whiteside recommended that the price-fixing clause be approved. Onetime member of the War Industries Board and now president of Dun & Bradstreet, Mr. Whiteside is a pillar of the NRA and in line for head of one of the four permanent divisions. A sallow, bristle-haired credit man of 50, he handled the shipbuilding, woolen goods and underwear codes...
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...
...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 : cotton processing tax, which amounts to but less than 8? per sheet. In six weeks overalls jumped...
...normal year U. S. railroads lay about 3,000,000 tons of rails. Last year they laid 304,000 tons, bought new only 185,000 tons. But already saddled with debt (and regulation), few railroadmen were eager to go further into debt just to help the railmakers and the NRA. But the only one who spoke his mind was Edward Eugene Loomis, rugged president of Lehigh Valley, the late George Fisher Baker's closest friend. "Lehigh Valley does not need rails at this time," snorted Mr. Loomis. "Great days we're having now for hair-trigger planners...