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- BUSINESS, Page 49Business NotesPOSTAGEA Costlier Christmas?
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- The U.S. Postal Service will soon be offering some priceless
- stamps. Literally. In June it began producing its latest line of
- Christmas stamps in the midst of a continuing rate war with its
- overseer, the Postal Rate Commission. The Postal Service is
- dissatisfied with the current 29 cents price of a first-class
- stamp, which the Rate Commission approved in January in
- defiance of a long-standing request for a 30 cents stamp. The
- extra penny would bring in $850 million a year for the Postal
- Service, which is as hard hit by the recession as any business.
- The Postal Service has one last chance to push the price up a
- penny, but it could hardly afford to be the Christmas stamp
- Grinch. So the two seasonal stamps -- one bearing a madonna, the
- other a secular winter motif -- will simply read 1991 and sell
- for whatever price is in effect by then.
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