Word: costs
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Dates: during 1940-1949
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Because of radio's slump in billings, and the punishing cost of keeping television rolling, Schenley had picked a good moment to pop the question. As Variety noted last week, radio's scramble for new income had begun with giveaway shows, progressed through "deodorants, medical books, mail-order selling and questionable products" until today "the lid is off.. . . and practically . . . anything goes...
Some textile men, who know how thin American Woolen's profit margin has been, doubted if the new prices would do much more than let the company break even. But Pendleton hoped to get some relief from bigger volume. In any case, it would cost American Woolen less to keep its mills in operation than to shut down for lack of orders while maintenance costs...
...shrewd old Henry Kaiser expanded his sprawling industrial empire by leasing three huge Government aluminum processing plants. Last week, for $36 million, Kaiser's Permanente Metals Corp. took title to the plants which had cost $90 million to build. The new properties: 1) a bauxite-processing plant in Baton Rouge with an annual capacity of 500,000,000 lbs. of alumina; 2) the Mead Aluminum Reduction Plant at Mead, Wash., which refines the Baton Rouge alumina, has an annual capacity of 216,000,000 lbs. of aluminum ingots; 3) the Trentwood Rolling Mill, at Trentwood, Wash., which fabricates Mead...
Though liquor sales were already down about 20% from last year, other distillers tried to hold their price line, insisting that taxes, the biggest item (over 50%) in the cost of liquor, would have to come down before prices could yield much more...
...details of Joe's technical secrets are locked in the heads of Producer Merian C. Cooper and Director Ernest B. Schoedsack, who also created the mighty Kong. Since it cost $1,800,000 to piece the secrets together in a single film, they are likely to stay there for some time to come...