Word: glutting
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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...
...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...
...Lampong (Netherlands East Indies) black pepper, with Aleppy and Tellicherry (British India) as optional deliveries. Pepper prices are currently very low (6? per lb.) because last year's crop was the largest in history (87,000 tons were shipped) and there is now a glut of pepper on the market. But this is the fifth year since new plantings matured and the down-roll of the pepper cycle is due soon, meaning smaller crops and, agreed pepper experts last week, much higher prices...