Word: market
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Dates: during 1940-1949
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Seven hundred howling university students swarmed through Nanking Government offices last week. They wanted the monthly food subsidy for students (now $48,000 CN, or about two black-market U.S. dollars) doubled to meet still-rising inflation. When officials said "No chance," they shouted back coarsely: "Where has the money gone? How much do you spend to eat?" They marched into a Government mess hall, ate the lunches laid out for the Cabinet and staff, called for more...
Great Expectations. Trade, which once followed the flag, now follows the films. And Rank is, in effect, Britain's chosen instrument to build an industry able to compete with Hollywood in the world market-and so get Britain some of the dollars she desperately needs. He has made an amazing start. In ten years he has changed the British movie industry, once compounded of "concupiscence, chicanery and confusion," into a powerful monopolistic instrument, and fashioned a new economic empire. As powerful as any film enterprise in the world, his empire comprises over 60% of Britain's theaters...
...inflicting what Hollywood technically calls the "stinkers" on Britons only, he has shrewdly created the impression in the U.S. that most British movies are up to or better than Hollywood's best, which they are not. But in competing for a bigger share of the world market Rank will have to turn out more & more movies. Mass-production may force him to use ready-made patterns. It is still a question whether he can keep the Bond Street cut that so many of his films now have...
...Trade might conceivably cut the quota of U.S. pictures allowed in Britain (now a fat 80% of all pictures shown). At this prospect, Hollywood shudders. The U.S. movie industry last year made $75 million-at least 35% of its income and almost all of its profits-in the British market. Without that market, Hollywood could not afford to spend the millions it does on a single picture. For his part, Rank made only...
Like most U.S. business, War Assets Administration had a whopping first quarter. WAA sold surplus goods with a face value of $2.3 billion for $668,314,000, about 30? on the dollar. But unlike other merchandising organizations, WAA has found that its market is fast disappearing. It has already skimmed the cream. Last week WAA Boss Robert McGowan Little-John reported that WAA still has $13 billion of unsold surpluses on hand. But he did not think much of this could be sold. His chances of selling much of what's left seem so poor that he plans...