Word: arounders
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Dates: during 1940-1949
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...topflight admen who gathered last week at the annual eastern conference of the American Association of Advertising Agencies were not as cocky as usual. In Manhattan's Waldorf-Astoria Hotel the worried talk was all of television. Griped one adman: "The host of mysticism built up around television has top management scared stiff...
Cheap Money. Wall Streeters had expected that the Treasury Department, worried about inflation, would contract credit by again boosting the rate on its short-term securities, thus paving the way for a rise in interest rates all around. But the Treasury seemed to think that inflationary pressure was dropping; last week it announced that it would continue the present rate on short-term borrowings, and all issues of long-term U.S. Treasury bonds moved above their Federal Reserve support levels...
Pretty Picture. Eastman Kodak Co., which has had a profit-sharing plan since 1912, will cut a fat melon. It will distribute a wage dividend of around $13 million for 1948. The 51,500 eligible employees will receive 2.25% of the pay they got from the company from 1944 through 1948. Typical bonus...
...with Cyrus Eaton, his Kaiser-Frazer Corp. lost its big supplier of steel, Eaton's Portsmouth (Ohio) Steel Corp. To plug the gap, K-F last week paid some $3.6 million for the Phoenixville (Pa.) plant of the Phoenix-Apollo Steel Co., which has a capacity of around 26,000 tons a month of finished and semi-finished steel...
...American, the Zeitung is free to criticize fumbles by U.S. officials, and occasionally does. Some of its biggest troubles are caused by American officials who are still hazy about the paper's status. Recently a U.S. Army officer informed the Zeitung that he was sending a man around to take away the telephone switchboard. It was orders, he said; German papers had to give up their Army communication equipment. "But we're not a German newspaper," Editor Fleischer protested. "Oh, yeah?" scoffed the officer. "With that name...