Business & Finance: Envelopes

To the Post Office Department at Washington came bids for supplying the U. S. with 12,800;000,000 stamped envelopes, enough to last four years. (TIME, Aug. 20.) Lowest of three estimates was the figure of International Envelope Co., an International Paper subsidiary. Post Office officials noted this bid was 22% lower than the present contract price (with Middle West Supply Co., Dayton, Ohio). But last week, the U. S. rejected all estimates, called for new bids.

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