Roosevelt & Recovery had raised wages. New steel prices, up $3 to $4 per ton, had raised the cost of basic raw material. So last week the Automobile Industry, prize pupil of the President's Recovery class, raised its prices.
Chrysler led off by upping the price of Plymouth $25 to $45, Dodge $45, Chrysler sixes $40 to $55, Chrysler airflows $100 to $130. DeSoto was left unchanged. Then Studebaker added $25 to its "Dictator" and "Commander," $50 to its "President." General Motors swung into line with increases of $20 to $30 on Pontiac...
To continue reading:
or
Log-In
