Word: dropoff
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...unsold cars last week stood at 69 days, a record tempered only technically by the fact that the figure is based on current small daily volume and could shrink rapidly if the pace picks up. Ford, with a 50% third-quarter profit decline and an early November sales dropoff of 36%, is also reducing its work force; layoffs could reach 54,000, including at least 3,000 white-collar staffers in Dearborn. GM's layoffs now total 53,000, and last week the company said that it would close nine plants for part of December, idling 30,000. Reason...
...Dartmouth won the race, helping his team to an overall Carnival win. Two Middlebury freshmen swept second and third, just a tick of the timer ahead of Harvard alpine captain Ben Steele. The old lady was at least as respected as fate, so course setter Howard Kelton bypassed the dropoff which led to the NCAA accident last year, but there was no ice to worry the racers this time anyway. The old lady teased everyone with a fabulous 8-inch snowfall of white powder two days before the Carnival, then come race day she decided to wash it all down...
...resident, wakened at 5 a.m. by the sound of an approaching outboard, saw a white Boston Whaler being beached on a neighbor's lawn and, because of a recent rash of burglaries, phoned the police. Because the FBI had not bothered to notify the police of the ransom dropoff, two officers responded to the call. They spotted what appeared to be two men, one carrying a duffle bag, the other a suitcase and a carbine. At the appearance of the police, the two dropped everything and escaped. The duffle bag contained scuba diving gear. In the suitcase was Mackle...
...president and administrative head of the Penn Central, announced that railroad operating earnings in 1967 plunged from $43,554,927 to $1,233,610-a full 97%. Even with subsidiary endeavors counted, the Central's profits went from $60,215,400 to $10,996,000-an 81.7% dropoff...
...Piggyback" Discount. At the big midtown newsstands, dealers are returning twice as many unsold papers as usual, and sales are off 12.5%. The fat Times is faring best, say the dealers, with a dropoff of only 5%-not bad considering the fact that it has doubled its newsstand price to 10?. As for the Herald Tribune, which also hiked its price by a nickel, circulation is off-but just how much will not be known until the Audit Bureau of Circulation releases its next official, semiannual report sometime after Sept. 30. "It has held up better than we anticipated," says...