Books: Steinbeck Inflation

THE RED PONY—John Steinbeck— Covici-Friede ($10).

For a parallel to the inflation that has skyrocketed the value of John Steinbeck first editions, bibliophiles must turn to the classic rise in the price of calves' liver, once given away in most butcher shops, currently selling at 85¢ a Ib. Distributed free to Publisher Covici-Friede's friends last Christmas, Author Steinbeck's St. Katy the Virgin, a short story, is now quoted at $10. Published last fortnight in an edition limited to 699 autographed, de luxe copies, Novelist Steinbeck's latest work, The Red Pony, was quoted...

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