RETAIL PRICES IN U.S.
NEWBURYPORT PLAN FAILS (Rec. 9 p.m.) NEW YORK, May 19. A month after the shopkeepers of Newburyport, Massachusetts, launched the “Newburyport Plan” for a 10 per cent, cut in prices of all commodities, most of the advertising banners are down and all but a few merchants have given up the idea of trying single-handed to force down prices. Nearly all this seaport’s stores reduced retail prices, but when the trial period ended, first one and then another dropped out quietly. They said it was too costly to continue the reductions without similar cuts by wholesalers.
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Bibliographic details
Press, Volume LXXXIIi, Issue 25189, 21 May 1947, Page 7
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99RETAIL PRICES IN U.S. Press, Volume LXXXIIi, Issue 25189, 21 May 1947, Page 7
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