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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
May 09, 1952
Page
8
The article explains that a dollar sale yields 39 cents markup for expenses and profit. Payroll, rent, utilities, advertising, and taxes absorb most costs, with markdowns cutting prices. Surveys show retailers retain only 1.9 cents of every dollar as profit after all bills.
An Oklahoma oil executive praised oil driven transport progress and its national benefit. He urged fair nondiscriminatory federal rates car service and safety rules to prevent excessive railroad and carrier regulation. He argued sound policy strengthens an integrated economy and wartime readiness, noting oil consumers share the stake.
A critique of long circulating tales of suppressed breakthroughs. The piece notes four common traits of the myths, cites Roger Riis on Phantom Inventions, and recounts examples like perpetual fuel pills, 50 mpg carburetors, experiments shipped as standard, and everlasting razor blades. It concludes that official investigations found only rumor, not facts.
The NYSE president argues democracy and ownership of production are expanding to millions, creating a people’s capitalism that could curb socialism and communism. A Czech engineer fleeing oppression cheers from the floor, learning he can buy shares in an American toy company and join the capitalist nation.
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