Word: marketing
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Dates: during 1940-1949
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British traders made another highly specialized export effort last week. In Manhattan's Washington Market, the season's first grouse went on sale. On hand were 103 brace (i.e., 206 birds), at $10.50 a brace, or about $3.50 a pound. That was the standard price for grouse; there was no extra charge for the fact that the birds had been bagged by George VI and his hunting party in Scotland (TIME, Aug. 22). The thing for U.S. gourmets to do, of course, would be to wash the illustrious birds down with a full cup of English mead; pyment...
Mexican silver production is strictly regulated by the government, which imposes a 15% tax on exports to support the value of silver in the Manhattan free market.* For more than a year Mexican treasury officials had suspected a big leak in silver shipments. Despite controls, there always seemed to be enough high-grade Mexican silver in Manhattan to cause prices to fluctuate between 70 and 77.5 cents an ounce. Earlier this year, Beteta put some of his best investigators on the problem...
...Newly mined U.S silver does not enter the free market. The U.S. Mint buys it at a subsidy price of 90.5? an ounce...
...third largest U.S. recordmaker, has played hard to get, shrewdly watching & waiting to see whether RCA's 45 r.p.m. or Columbia's 33⅓ r.p.m. long-playing record would win the battle on retail counters. Last week, convinced that it was getting in on "the biggest possible market," Decca lined up with Columbia. With 15 smaller recorders already making 33⅓ r.p.m. LP records, Decca's decision meant that Columbia had just about...
Besides stock brokerage accounts, Merrill Lynch hoped to interest prospective traders in the commodity futures market, showing farmers that they could use it to protect them against unexpected price breaks and get better prices for their crops. One farmer who listened to an explanation of how General Mills buys & sells futures, not to speculate but to hedge itself against inventory losses, commented: "And here I thought all the time that they were just playing craps with my corn...