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stores and numerous clothing stores and furniture etc. Most clothes stores announce reduction from [[red underline]] 20% [[/red underline]] of their former prices. [[red underline]] Is this the [[strikethrough]] fors [[/strikethrough]] beginning of [[strikethrough]] a cheaper rate [[/strikethrough]] a change from the high cost of living. [[/red underline]]
[[black underline]] June 8. [[/black underline]] Slept poorly last night. Up early. Spent all day at factory discussing several matters with [[red underline]] Rossi [[/red underline]] and others, till closing time. Then went to my room in Packer Hotel.
June 9. Left early for New York office, meeting [[red underline]] board of [[/red underline]] directors. [[red underline]] Peters ill, Williams late, Creevey [[/red underline]] has resigned and [[red underline]] Hamman proposes their lawyer ^[[Hays]] to replace him. [[/red underline]] all this very new. Told Hamman
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we must have time to consider whether [[red underline]] he is acceptable by me 
Formaldehyde situation [[/red underline]] says Schleussner [[red underline]] has passed the worst. [[/red underline]] Condition due to [[red underline]] combination of circumstances [[/red underline]] Increased consumption of methylalcohol for methylen blue etc. decreased production in Europe then last winter very severe, [[red underline]] shortage of labor [[/red underline]] and transportation making deliveries of wood deficient to wood-alcohol distillers then lately [[red underline]] general upsetting of [[/red underline]] freight delaying delivery of wood [[red underline]] alcohol to formaldehyde producers. [[/red underline]] Says this month we will get 125000 lbs. but is not sure next month's price will not be [[red underline]] higher than the already high price [[/red underline]] we are paying now.
After that spent all afternoon