First Straw

In the dark price picture, there was one bright spot last week. Chrysler Corp. announced price cuts ranging from $25 to $55 on all Plymouths. Hudson Motor Car Co. counteracted this somewhat by raising its prices from $25 to $69 a car. And U.S. Steel's Benjamin Fairless, who has been under most pressure to reduce prices, went out of his way to deny that Big Steel had any intention of reducing prices now. Not till current bargaining with C.I.O.'s United Steelworkers is over, said he, could Big Steel think of any price changes. Chrysler, which is currently bargaining with C.I.O.'s...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!