Business & Finance: Government Contract

Last week, in Washington, Post Office officials opened for the second time bids to supply the U. S. with 12,800,000,000 stamped envelopes, its quota for the next four years (TIME, Aug. 20, Sept. 17). Once before bids had been opened and rejected. This time figures were much lower. The Middle West Supply Co., now holding the contract, offered an estimate of $13,314.954-98. But the International Envelope Co., subsidiary of International Paper, underbid its rival by $105,161.18. International Envelope won the contract.

To the unsuspicious reader, newspaper reports...

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