Shave & Haircut, Oh Boy

In Greenwich, Conn. (pop. 38,000), barbers posted a new price scale: shave and a haircut, two bucks. And rising costs wiped out another price landmark. In Philadelphia, the Coca-Cola Bottling Co. upped its prices by 15¢ a case, thus forcing retailers to charge 6¢ for a bottle of Coke.

As other prices continued to edge up, Iowa's white-haired Democratic Senator Guy Gillette and his Agriculture subcommittee decided to investigate. It called leading U.S. packers and retailers to Washington last week to find out why the price of sirloin steak in July had risen from 88¢ a Ib. to $1.10, then...

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