Word: cuttings
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Dates: during 1940-1949
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...nation's department store sales were well below 1948 (off 11% for the week ending July 30). But some of the drop seemed to be the retailers' own fault. The Wall Street Journal took a shopping tour of 15 cities and found that many a store had cut its stocks so deeply that it could not meet the demand for some items...
Where they had cut their inventories too much, businessmen were hastily buying again. On its latest check, the Department of Commerce found that manufacturers' sales were on the rise...
...ease credit further. It cut bank reserve requirements again, thus freeing $1.8 billion more for lending. This was FRB's fifth step in as many months to combat deflation...
...Liberalizing the "carry-back" and "carry-forward" tax provisions which enable businessmen to cut their business losses...
...cutting costs to the bone and cutting employees in on profits, Dobbs and Hull made their Ford agency the world's largest (they branched out to eight other cities) and made themselves millionaires. Says Dobbs: "It's all profit sharing. The more your employees make, the more you make yourself." Each month, as soon as enough cash had been taken in to cover overhead, Dobbs told his salesmen to cut profits to $1 a car, if necessary to get sales, because the $1 was all profit...