Word: discounts
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Dates: during 1950-1959
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...great joy of consumers, "list price" became almost a meaningless phrase in 1957. Stores, big and little, shaved prices to meet competition, notably that of the discount houses. But price alone was no guarantee of success in 1957's hotly competitive marketplace. With more choice than ever before, customers shopped for style as well. While G.M. slipped back from 51.5% to 44.4% of the auto market, Chrysler's jet-finned new models jumped from 15.4% to 19% of the market, and Ford's crisp styling apparently nudged it ahead of Chewy into the No. 1 sales spotlight...
...concession will make reservations in any of the Sheraton Hotels at a discount for college students and faculty, retaining a ten per cent fee. Burke estimated that it will pay about ten per cent of its income to the H.S.A...
...poll of a dozen Harvard and Radcliffe organizations last night indicated that few of the clubs which have parallel functions plan to combine in the immediate future, though they did not discount eventual merger...
...stock market had closed, and the streets of Manhattan's financial district were rain-soaked and half-deserted when word came of the Federal Reserve's decision to reduce its discount rate. Wall Street was caught completely by surprise, but it acted fast. West Coast markets were still open, and they were swamped with orders to buy. Stocks rose sharply on the Pacific Coast Stock Exchange, giving the San Francisco branch its busiest hour in 25 years...
Clean Sweep. The market rally in stocks was nothing to what happened to bonds. With ever-increasing interest rates, the market has been slow, since buyers have held off and waited for even better buys. But with the discount rate cut, orders poured in to Wall Street from all over the U.S.. particularly from institutional investors, and the bond market had its biggest rally since World War II. Many bond dealers were completely cleaned out. Most notable was a slow-selling $250 million offering of American Telephone & Telegraph Co. When the Fed's news broke, less than half...