Word: cuts
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Dates: during 1940-1949
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...book clearly reveals the motives that led the financier on his dazzling career. Certainly it was hard to believe with the muckrakers that men of wealth were guided only by an insane desire to accumulate millions. Instead, Allen shows the financial giant with a supreme desire for order. The cut-throat competition of rampant industrialism which he saw after the Civil War was to him wasteful and harmful to the economy. His theory was justified in the 1890's when the vast confusion of railroad systems brought most of them to bankruptcy. Here, Morgan had his chance to bring supreme...
...reductions were made, said Continental President L. J. Gunson, because of the "postwar readjustment" (gobbledygook for falling sales) and the prospect of increased supplies. Schenley Industries also cut the price on one smaller-selling blend...
...mixing it with grain alcohol). They plugged blends so well-and straights were so hard to get-that now six bottles of blended whisky are sold for every one bottle of straight (compared with a prewar ratio of one-for-one). Distillers will have to do more than cut blend prices; they will have to lure drinkers back to straight whisky, probably by bringing bonded straight whisky prices (U.S. average: $6.90 a fifth) more in line with good blends (about...
...fact was that a margin cut alone was not enough to send the market up; a margin cut from 100% to 75% had had little effect in February 1947. High taxes still kept many investors short of cash and those with cash were holding off until they were surer about the extent of the current business recession...
...Frazer bore the title of president. Edgar and father Henry differed with Joe Frazer on many company questions, the most recent being whether K-F should declare a dividend or cut prices. The Kaisers, who wanted to cut prices...