Word: dimes
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Dates: during 1950-1959
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Vary the Display. In the competition for the customer's dollar, the markets have become combination drug, dime and appliance stores as well as grocery merchants. Nearly 80% of all supermarkets sell air conditioners, and 76% have music departments. But the stores are having second thoughts about their standardized and monotonous displays, efficient atmosphere. "We've probably done ourselves a disservice by packaging tomatoes," says Kroger President Joseph B. Hall. "I think a housewife would still like to be able to pinch a tomato before she buys, and maybe we should let her. It might spoil...
After the monthly trustees' meeting last week, 350 officers, employees and guests of Manhattan's Union Dime Savings Bank gathered at the Hotel Pierre to celebrate a gala occasion. Union Dime was 100 years old, and over the years it had gone from piggy-bank size to the nation's 15th biggest mutual savings bank with deposits of $485 million. In a way too the party was in honor of a man. At 66, Union Dime's President John Wilbur Lewis had spent 48 years at the bank, helping it grow and growing with it until...
...temptation with Jack Lewis was to call him a banker's banker. He was that -careful, conscientious, orderly minded, a worker who went to Union Dime right after high school in West Orange, N.J. and trudged through the business from messenger to bookkeeper, from assistant head bookkeeper to assistant secretary, from assistant treasurer to treasurer to vice president to executive vice president and finally, in 1948, president. He dressed like a banker, in severe greys and blues, lived where the bankers live, out among the rolling lawns and towering oaks of Short Hills. He married, raised two children...
...Institutional Investors Mutual Fund, an open-end stock fund for mutual savings banks that now has assets of $46 million. With it all, he was an easy man to work for: friendly, outgoing, a delegator of responsibility who enjoyed calling his staff "my family." Says one Union Dime executive: "I've never gone to any convention or dinner where the greeting wasn't 'How's Jack Lewis...
...costs, but in some cases have pushed advertisers and readers both into rebellion. New York City's three afternoon papers-World-Telegram and Sun, Post and Journal-American-have yet to recover the circulation they lost two years ago by raising the copy price from 5? to a dime. The Chicago Tribune now offers bargain advertising "zone rates" to hold fringe accounts, such as the corner grocer, who neither wants nor will pay for a citywide broadside. In Pasco, Wash., Sears, Roebuck began distributing handbill ads rather than accept the latest hike in ad rates. Moreover, newspapers, which once...