Word: cheaper
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Dates: during 1950-1959
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Last week Alcan revealed that it began granting a 2% "loyalty" discount to British buyers three months ago, has asked the British Board of Trade to impose an anti-dumping duty on Red imports. Just as alarmed by heavy imports of cheaper Russian ferroalloys, Union Carbide, Ltd. is pondering a similar bid to the board...
...Ingalls Shipbuilding Corp. at Pascagoula, Miss. The Sharp company also is designing the first U.S. atomic passenger and cargo ship, the N.S. Savannah, for launching in 1960. The Government hopes that lessons learned in building the Savannah will make the power plant of the atomic tanker lighter and cheaper than that of the merchantman. While the 22,500-ton tanker will not be economically competitive with a conventional ship, experts reckon that a nuclear tanker of 85,000 to 100.000 tons would be commercially feasible...
Millions of families with incomes not nicked by the recession were gripped by a mood of tight-fisted caution. Liquor dealers reported a drastic switch from costlier to cheaper brands. Chain-store sales were brisker than in booming early-1957 because many housewives were forgoing the comparative serenity of the corner delicatessen or grocery store and shopping in supermarkets to save pennies to put into savings accounts. In Chicago a young woman borrowed $500 from a downtown bank at 4½% interest, offering as collateral her $650 savings account drawing 2% interest. She just didn't want...
...winning success, the Japanese also created a new household market for U.S. makers, whose cheaper ware previously went mainly to restaurants and institutions. U.S. silverware makers themselves soon turned to stainless steel. They, too, were quite successful. All told, U.S. makers boosted their sales from 10.8 million dozen pieces in 1953 to 14.4 million in 1956, and new jobs were created. But because the sales of U.S. makers did not rise as fast as imports, which in 1956 captured about one-third of the total U.S. market, the U.S. companies began complaining about imports...
...year, and production had doubled by 1956, when Getty made his second trip to the zone. He clambered over the rigs, walked tirelessly over the sands. A good practical geologist, he decided to drill in the neglected Eocene formation, down only 1,200 ft. Eocene oil can be pumped cheaper and faster than other oil ($30,000 and one week to drill a well, v. $200,000 and six weeks), is ideally suited for refining into heavy fuel oil. But oilmen laughed at the idea that there was enough oil in the Eocene formation to be commercially produced...