Word: market
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Dates: during 1950-1959
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...When Madison Avenue seers decided that the kiddies do not comprise much of a market, even a high rating could not save one of the best kid shows on the air. Sponsors deserted Walt Disney's Mickey Mouse Club, and this season it was cut to half an hour, all reruns. Next season, says Disney, it will probably be gone for good...
Caravans & Color TV. Boatmen are happily convinced that they are just beginning to tap the potential market. Banks like to lend money for new boats (the repossession rate is practically nil) and wives who once turned querulous at their husbands' seasonal desertion plead for bigger, headier boats. Boat clubs blossom in landlocked regions. In Arizona, where the boating public numbered only about 3,000 five years ago, there are now more than 30,000-and many of them fan out from Phoenix as far as 280 miles to find water. There was scarcely a man-sized boat in Kansas...
With more and more people clamoring for an ever-dwindling number of blue-chip pictures, the art market still soared. Sotheby's, the London auction house, last week registered a new high for a Picasso by knocking down his pretty nude, entitled La Belle Hollandaise, to the Queensland Art Gallery of Brisbane, Australia for $154,000. Back in 1905, Picasso painted the picture on a trip to Holland, apparently gave it to a traveling companion in payment for his half of a hotel bill...
Part of the slippage was due to the fact that U.S. gold, priced by law at $35 per ounce, plus a handling charge of one-fourth of i%, is slightly under the price on the British free market. The difference would encourage foreigners with dollars or other hard currency that they wanted to turn into gold to buy in the U.S. rather than in Britain. The British government itself was also buying U.S. gold again for its reserves. During the early part of this year, Britain stopped buying to accumulate $200 million borrowed from the International Monetary Fund...
...rise in housing construction has a built-in problem. The pressure for mortgage money usually tightens the money market. So far this year, mortgage money has not had to compete seriously in the money market because business has kept its capital expansion low. But as home building picks up and improved business sends more firms to the money market, tighter money could take the bloom off the housing boom. Fortnight ago, the Federal National Mortgage Association reported that it purchased more mortgages in the first quarter of this year than ever before, indicating that banks and other lending institutions...