Word: ince
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Dates: during 1940-1949
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...plan, rooms and suites will be sold to the present tenants for anywhere from $5,100 for an unfurnished bedroom and kitchenette, studio style, to $39,000 for a three-bedroom suite with terrace. In addition, the purchasers will have to pay maintenance charges, to 150 Central Park South, Inc., ranging from $1,404 to $10,374 a year. Kirkeby Operating Corp. will continue to run the hotel, its restaurants and bars. When owners are away, the management will rent the rooms and suites to transients, turn over the money to the individual owners...
King Customer. What had caused the drop in retail sales? Most retailers blamed the unseasonal warm weather. But Fred Lazarus Jr., president of the Federated Department Stores, Inc., thought the trouble was something more than that. His chain had just increased its profit 27%-on a sales increase of only 13.6%-to a record of $12 million for the year ended in October. But, like others, Federated felt the November slump. Said Lazarus: "The market has become a buyers' market. The day of honest-to-goodness merchandising is back...
Almost every handyman-around-the-house knows "Plumb" hammers and hatchets. Philadelphia's venerable Fayette R. Plumb, Inc. has been making fine tools since the 1880's, and is proud-and jealous-of its trademark. Not so well known is Los Angeles' Plomb Tool Co. (named after Alphonse Plomb, one of three founders), a much younger firm (founded in 1907). When Plomb applied in 1926 to make its name a trademark, Plumb promptly squawked in court. The result was a deal in which Plomb agreed not to use its name on anything that resembled the famed Plumb...
Master's Master. Flush with earnings from its booming sales of television sets, Philco Corp. decided to 1) declare a 7% stock dividend; 2) expand in the home appliance field (it already makes refrigerators). Philco bought Electromaster, Inc. (electric ranges) subject to approval by Electromaster's stockholders, for 68,212½ shares of Philco stock (market price: $2,700,000). Philco will continue to sell the ranges as "Electromaster...
Divorce. U.S. trustbusters won the first round of their fight to end Technicolor Inc.'s alleged stranglehold on the color-movie industry. The Eastman Kodak Co., charged with helping Technicolor to dominate the field by exclusive color film processing arrangements, signed a consent decree to make its patents available to all comers. Technicolor refused to sign the decree, may carry its fight to the courts...