Word: inces
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Dates: during 1950-1959
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...rugs, mats, doilies, divots), and that 15 million could use them. Sales were short until makers started advertising hair pieces in major magazines and newspapers five years ago. Since then, annual sales of such bigwigs as Hollywood's Max Factor & Co., Manhattan's House of Louis Feder Inc., and Joseph-Fleischer & Co. (Fleischer will make the Sears toupees from imported hair) have climbed close to $1,000,000 each. Total U.S. sales are estimated at $15 million a year. Says Louis Feder, a wigger himself: "We have put across the idea that a man is not completely dressed...
...high-altitude standouts on last week's gyrating American Stock Exchange (see Wall Street) were General Development Corp. and Universal Controls, Inc. Shares of General Development, the mailorder merchandiser of Florida houses and lots (TIME, May 19), zipped from 59⅛ to 69⅝, and its success boomed the stock of a flock of lesser companies planning Florida land developments. Universal Controls, an electronics maker, moved from 84 to 97. Both stocks have more than doubled since Jan. 1. Last week Universal announced a four-for-one stock split, plus a 10% stock dividend and a boost...
Coming to the U.S. in 1956, Chesler bought a major interest in a company, which then acquired the Warner Bros, film library for TV and became Associated Artists Productions Corp. After a boardroom battle, Chesler signed a deal to sell 820,000 shares of Associated to National Telefilm Associates, Inc., though he controlled only 400,000 shares; later Chesler backed off and sold for a higher price to United Artists. To end a court fight, United Artists later paid $2,000,000 to N.T.A. The deal hurt Chesler's reputation on Wall Street-but it did not halt...
...settled in 60 days). Later it sold a shopper two sable coats, one for herself and one for her sister. As a token of esteem, the shopper bought her maid a mink. The bill: $107,000. In 1949 Gunther's merged with an other old-line furrier, Jaeckel, Inc., founded...
Last week Manhattan's oldest fur store had a new owner. Walter Hoving's Hoving Corp., which already operates 60-year-old Bonwit Teller next door and nearby 121-year-old Tiffany & Co., added Gunther-Jaeckel, Inc. to its string. In taking control of Gunther-Jaeckel, Hoving got more of the kind of elegant tradition he likes, also a challenge to his merchandising skill (Gunther-Jaeckel last paid a dividend in 1945). But fellow merchants figured he would soon figure out a way to fit Gunther-Jaeckel into his spreading operation. Pursuing a policy of aggressive expansion...