Word: cuts
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Dates: during 1940-1949
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Later, he bought the Jonker diamond, recognized as the world's fourth biggest uncut stone † ; and the President Vargas, third biggest, and Venezuela's smaller Libertador. He paid $2,100,000 for the three, cut them into 45 smaller stones and sold the lot for nearly...
...some lines, buying had dropped off in spite of price cuts. Nash cut its prices $20 to $120; Willys, whose recent cut had brought no notable sales spurt, went on a four-day week. Car dealers complained that the spring buying wave had been a ripple instead of the hoped-for comber...
Bottles & Bonuses. Pepsi has cut costs (minor item: its annual art awards have been abandoned), and the company has a new eight-ounce bottle to sell for 5? at race tracks and ball parks. For home consumption, there is still the old twelve-ounce bottle (new price: 6?). Pepsi also has a new syrup pump for drugstores; at the first plunge, it plays the Pepsi jingle. To cash in on these new ideas, Mack has brought Coca-Cola Vice President Al Steele into the company as sales boss...
...Shipbuilding & Dry Dock Co. the go-ahead to build the biggest liner ever constructed in a U.S. shipyard, a 48,000-tonner to cost $70,373,000 (TIME, Aug. 2). The Government will put up $42 million in subsidies and for "defense features" such as double engine rooms to cut down the danger from torpedoes. The U.S. Lines will put up $28 million. With its 33-knot speed, the 2,000-passenger air-conditioned ship, to be launched in 1952, will have a good chance of breaking the transatlantic speed record now held by the Queen Mary...
Morale. The Cleveland Graphite Bronze Co., which employs 496 foundry workers, has a plan to make working in a foundry pleasanter-and also cut down the danger of infection from dirt, acids, etc. The company pays 25? a day to every worker who takes a shower bath at the plant before going home. The company reported last week that it paid out $28,837 in 1948 shower money...