Word: gluts
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Dates: during 1930-1939
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...thus hammering home the theme that "high-pressure salesmanship" of the manufacturers has contributed to the present automobile glut, Gardner Withrow several times used phrases direct from a press conference of Franklin Roosevelt's along those lines four months ago (TIME, Jan. 17). According to Mr. Withrow this forcing of the market amounts to more than 1,000,000 used cars a year and largely accounts for the annual mortality of from 17% to 25% of dealer establishments. His words brought cheers from the dealers, though a few of them voiced fear of "bureaucratic Government control...
...case, they repudiated him in another. He was largely responsible for getting the industry to switch its annual show from January to November four years ago; last week the N. A. D. A. recommended returning to the former arrangement on the ground that the present basis has accentuated the glut in used cars by counteracting the normal upsurge in spring sales...
...industry has ever put on-National Used Car Exchange Week (TIME. March 7). Because there are 46,000 registered automobile dealers in the U. S. and an indeterminate number of independents with lots full of jalopies, statistics of their trade are never very precise. Estimates of the used car glut on March 5 ranged from 700,000 to 1,000,000, with the latter figure probably the more accurate (normal: 500,000). Last week, as reports of the drive poured into Detroit, Automotive Daily News estimated that 175,000 used cars had been sold. This reduced dealers' inventories...
...unusual glut of expensive motion pictures thrust forth by Hollywood in recent weeks,* cinemaudiences probably have the California tax collector to thank. For all film, raw or exposed, on Hollywood shelves when the assessors make their annual visits on March's first Monday, the studios are taxed. The way to beat the tax is to empty the shelves. When the assessors made their rounds this week, most cupboards were bare. But at luckless Metro-Goldwyn-Mayer the vast amount of film necessary for Norma Shearer's Marie Antoinette was still in stock, the picture only half completed...
...Connoisseurs Marion Davies, Sam Katz and Edward G. Robinson. Gilt-edged treasures included: two Titians, three Tintorettos, two Rembrandts, four Reynolds, such old favorites as Millet's Man With a Hoe, such modern equivalents of September Morn as Duchamp's Nude Descending the Stairs. So great a glut of masterpieces overtaxed the capacity of the Art Association's gallery (an annex to the Town House on Wilshire Boulevard, originally built for San Francisco's Gumps). The pictures have to be shown in two shifts: Old Masters the first month, Modern Masters the second...