Word: marketeer
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Dates: during 1940-1949
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...cutting dollar expenditures, and rigging bilateral trade deals with nondollar countries. The chief trouble (in U.S. eyes) is that the British are poor salesmen, do not adapt their products to what is wanted in the U.S. and have prices which are far too high for the briskly competitive dollar market...
Tourists behaved as tourists should, trekked dutifully to the Floating Market and the Cobra Farms, gawked earnestly at the gleaming Emerald Buddha in the Grand Palace temple. Bangkok's shops were bulging with niello silverware, hand-woven silks, carved teak heads and snakeskin bags. What was more, the prices were low. For lunch the visitors ate cold prawns in the air-conditioned Chez Eve,* while an Indonesian quartet imported from Singapore played Slow Boat to China...
...high cost of building a pipeline across the mountains. Similarly, the high cost of transport tends to bar Alberta oil from the Ontario and Quebec industrial areas, which are supplied by pipelines from the U.S. and tankers from the Caribbean and the Middle East. Thus the fields' natural market is the oil-hungry U.S. Midwest, which can be reached easily from Alberta...
Alfred E. Lyon, board chairman of Philip Morris & Co., Ltd., returned from a European trip last week with some eye-popping estimates of the market for American tobacco-providing a way could be found around the dollar shortage, possibly by barter deals (e.g., U.S. tobacco for French cigarette paper). Item: "Workingmen in England spend a quarter of their average weekly earnings of ?5 on cigarettes...
...terrific that some of the old-style confession magazines confessed that they were in trouble. Macfadden Publications, biggest tell-all in the business (True Story, True Romance, Experiences), refused to convert to the new comic format when Fawcett did. Thereupon the bottom dropped out of Macfadden's market: after netting $224,883 in the first quarter of 1949, it reported a second-quarter loss of $11,635. Admitted Macfadden's Dwight Yellen: "No doubt about it-the confession comics have hurt our field...