Word: auction
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...undergrad at Princeton these days is smooth he is certain to get by socially. If he is not smooth he misses out on a lot of things. . . . Outstanding ability at auction is likely to get a student farther than physical prowess which takes him through a rival line and wins touchdowns...
...sealing rights. In the summer natives of the Pribilof Islands are hired by the U. S. Bureau of Fisheries to drive inland thousands of bachelor bull seals, knock them over the head, stick them through the heart. Down to St. Louis go the skins to be sold at auction by the Government. Last week the U. S. auctioned off some 15,000 skins, collected $282,640. Of this, 15% will be paid to Canada, 15% to Japan. The rest represents a tidy profit to the U. S. on a shrewd investment in Alaskan real estate...
Depression had its effect on the auction last week. Prices averaged about $22 per skin, lower than last year's. It takes six or seven skins to make a woman's coat. With some ten thousand more skins to sell Oct. 12, the U. S. will probably make about $350,000 this year...
Conductor of last week's auction was Ward T. Bower, chief of the Alaskan Division of the Bureau of Fisheries. Long an expert on the seal industry, he joined the Bureau in 1903, has since made twelve trips to Alaska to see how things were going. Proud of Alaska's seals, he wants no confusion between this fur-bearing variety (Callorhinus alascanus) and the common hair-seal. Alaska has 80% of the world's fur seals. Besides seals, the Pribilof Islands are well stocked with foxes. From these the U. S. gets another item of profit...
...Onto the auction block in Manhattan last week went a batch of trade journals. A bidder might take all or any part of the lot-the 17 units of bankrupt National Trade Journals, Inc. When the last hammerblow had fallen, the properties were in the following hands: Publisher Howard Myers bought back his Architectural Forum, aristocratic journal published in two semi-annual volumes with a yearly subscription price of $20; Reuben H. Donnelley Corp. of.Chicago (classified telephone directories) bought National Cleaner & Dyer; Industrial Press (publishers of Machinery) bought Heating & Ventilating; Interior Architecture & Decoration bought Good Furniture & Decoration; a newly organized...