Word: cuts
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Dates: during 1940-1949
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Soldier Bradley cut straight to the heart of the whole arms issue. Said he: "Plans for the common defense of the existing free world must provide for the security of Western Europe without abandoning these countries to the terrors of another enemy occupation. Only upon that premise can nations closest to the frontiers be expected to stake their fortunes with ours in the common defense...
...Italian film, "Revenge," now being shown at the Beacon Hill, is not cut from the same hearty fabric as were its illustrious predecessors from the country. Though it contains in its cast two of Italy's biggest stars, Anna Magnani and Gino Cervi, their talents can do little to redeem a weak and confusing plot, poor photography, a strident musical score, and the general low quality of the film...
...were going at bargain rates. In Atlanta, Rich's offered $4 cotton dresses (40% below last year). In Nashville, Harvey's department store slashed all its prices by 35% to 40%. Manhattan's Gimbel Bros, put on sale $1 million worth of summer merchandise at cut prices. In Chicago, Mandel Brothers sold $18 summer dresses for $7. Montgomery Ward & Co. also swung a sharp ax. It cut prices from 10% to 40%; washing machines were off 10% to 15%; porch furniture...
Loans Down. In the overall picture, the price cuts were part of what Manhattan's Guaranty Trust Co. called the "very moderate" recession. The sizable cuts were largely confined to soft goods, lumber, a few other commodities (in the futures market, May wheat hit a flurry of .selling which sent it down 6?) and such surplus items as radio-phonographs, which were cut up to 40% by Magnavox...
...fourth time in three months, eased credit restrictions. It reduced bank reserve requirements 1% and 2%, depending on the size of the bank-thus freeing about $1.2 billion extra cash for lending. But FRB's move was not likely to boost the volume of loans: businessmen had carefully cut their borrowing by $1.5 billion in the last 14 weeks...