Word: marketing
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Dates: during 1940-1949
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...office, then at the large, reputable ticket brokers (who, unlike many of their smaller, shadier colleagues, charge no more than the top legal fee of 75? a ticket). But for those who want seats badly enough, especially in the first ten rows, there is a booming black market...
Much of the crop had been grown, not for a booming market, but to cash in on the Government-supported price. At 32½? a lb., the support price was about 300% over prewar levels. Last year, in spite of falling demand, U.S. cotton growers had turned out the biggest crop (14.9 million bales) in eleven years, giving the U.S. a carryover of some 6,000,000 bales...
Zanier hats were also ready for market last week. Brooklyn's American Merrilei Corp. (which also makes Hawaiian leis and paper party hats) brought out a pith helmet containing a tiny, concealed radio set with a single earphone. But the Buck Rogers buffs might prefer a football type helmet, which the American Junior Aircraft Co. of Portland, Ore. displayed at the 46th annual American Toy Fair. It carried a tone transmitter (see cut) which controls the steering of a glider airplane by sonic vibrations. A steady sound tone makes it fly straight, interruptions turn it alternately right and left...
Margins. Texas' Wright Patman, chairman of the House Committee on Small Business, demanded that stock market margins be reduced from 75% to 50%. He pointed out that the buyer of an $1,800 auto must pay only $600 down, but the buyer of $1,800 of stock must still pay $1,350 down. Said Patman: high margins had "almost entirely dried up" the capital market. The Federal Reserve Board was "studying" the matter...
Meat. The Tax Court of the U.S. ruled that merchants who paid black market prices for merchandise during OPA days can deduct such illegal payments as a cost of doing business. For Houston's black-marketeering Select Meat Co., in the test case, the ruling meant a $60,000 tax saving...