MINIMUM WAGE will probably be boosted from 75¢ to $1 this summer (v. 90¢ proposed by Ike), but coverage will be extended to few, if any, additional occupations. For 1956 campaign oratory, big-city Democrats will pay lip service to the $1.25 that labor is demanding, but Congress' realists expect that $1 will turn out to be the top point of compromise.
COFFEE PRICES are due for another drop. In the face of a huge coffee surplus (3,100,000 bags in Brazil alone), Colombia, Costa Rica, Brazil and other coffee countries are having trouble agreeing on international price controls. Reports of a price war...
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