Word: ballpoint
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When it comes to picking up-and dropping-a fast buck, few can match Chicago's Ralph E. Stolkin, 36. By using the mails and punchboards to peddle such merchandise as ballpoint pens, coonskin caps and cheap radios, Stolkin ran a $15,000 loan into a $3,400,000 fortune. After the Federal Trade Commission cracked down on him for "deceptive sales practices" and U.S. postal authorities warned him against conducting a lottery by mail, Punchboard King Stolkin headed for Hollywood. He took charge of a five-man syndicate that bought RKO from Howard Hughes and named himself president...
PARKER Pen Co., last big holdout against ballpoint pens, will finally bow to the trend. After nine years of experiment, it will bring out its first ballpoint this week, for $2.75. The company claims it will give 60 hours of writing (v. 14 for most other pens) without replacing the cartridge...
...posed as a priest and a policeman in telephone soliciting. In The Bronx, six "nuns" in rented habits and their self-styled "bishop" were arrested for rooking the public in door-to-door campaigns on behalf of themselves. A commonplace practice is to inundate the mails with cheap ballpoint pens (the D.A.V. mailed 32 million in one year), punch cards, nail files, copies of the Lord's Prayer and other unrequested items, accompanied by a "remit or return" demand...
...York, as any visitor can see, is the showplace of change, the city that always sports the latest and shiniest in automobiles, literary movements and ballpoint pens, where perfectly good buildings are torn down every year to make way for newer and better ones. Only its politics have stopped moving. Politically, New York is a kind of petrified forest, where reform candidates roam in solidly institutionalized groups, and the stumps of once-great political growths clutter the landscape...
...were so limited that few customers could get suits. Last week, for the first time, the suits were available in goodly quantities. Result: merchants, whose clothing business had been in a marked slump, found customers crowding their stores with a curiosity faintly reminiscent of the onetime rush for ballpoint pens...