Word: marketing
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Dates: during 1940-1949
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...token bargaining; they all had to do what Big Steel did. The union answered that it was a waste of time bargaining with anyone but the industry's handful of top firms, who set the pattern for all. Big & little firms, they were all in the same labor market...
With all its chronic ailments, Broadway was also suffering from the city's investigation into the black market in tickets to hit shows. Twenty-four of the town's ticket brokers had lost their licenses, six more were under charges, and one box-office man had been suspended. The theater's reputable citizens spoke bravely of reform...
...Congress expected to hatch out a number of new prefabricators. But RFC had already picked out one big egg, Lustron Corp., and hatched it (TIME, Nov. 25, 1946 et seq.). Though RFC knew that Lustron's steel houses had only a fair chance of survival in the housing market, RFC kept on feeding Lustron millions because it knew that otherwise Lustron would die. In two years, Lustron swallowed up $35.5 million.* Last week RFC lent Lustron another $2,000,000 to keep the company going through September, and then asked Congress what to do about its ugly duckling...
Said bustling Homer Hargrave, chairman of the Chicago Exchange: "We haven't kept pace in the securities market with the growth and industrialization of the Midwest. We will now have a horse to ride that can keep pace." The exchange opens formally Sept. 15 but will not be ready to deal in stocks for at least two more months...
...Minneapolis Exchange-the consolidated bourse would give Minneapolis floor traders 500 to deal in. They also liked keeping the whole commission for an out-of-town trade, instead of splitting it with a "correspondent" on another exchange. Businessmen also took to the idea of getting a wider market for their companies' shares; a little-known stock like St. Louis' Johnson, Stephens & Shinkle Shoe Co. could now be traded in five cities instead...