Word: marketing
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Dates: during 1940-1949
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...planned postelection issues on the seemingly safe basis that Dewey was in. Hundreds of editorial writers and syndicated columnists, who had turned in their regular Wednesday stints in advance, had struck the same note. Therefore, on election night, from London's Fleet Street to San Francisco's Market Street, newspaper hellboxes overflowed with type that was hastily dumped as the returns came in. (One groundless gossip-columnist report: that LIFE had to junk an issue with Dewey on the cover.) Not all caught themselves in time...
...When markets were finally made, prices were down anywhere from 2 to 6 points. General Motors, which had closed at 65¾ the day before election, opened Wednesday at 61. U.S. Steel opened down 4 on a block of 15,000 shares. In the avalanche of selling (3,230,000 shares for the day), the Dow-Jones industrial average dropped 7.3 points, the sharpest break since the crash of the bull market...
Professional traders, who scoffingly described the selling by small stockholders as "emotional" and "hysterical," stepped up their buying Thursday morning. The market bounced up, recovering a fourth of its losses. But on Friday, in the broadest session on record (out of 1,415 stocks listed, 1,174 were traded), the averages went down again. By week's end, the Dow-Jones industrial average was down to 178.94, a drop of 10.82, wiping out the gains of the pre-election rally of the last five weeks. It was the market's worst four days since the spring...
...Bark. There was no doubt that the stock market, which had been as certain as everyone else of a G.O.P. victory, was panicked by all the Democratic talk of stand-by price controls, an excess-profits tax, repeal of the Taft-Hartley Act, and demands for wage boosts from tough, confident unions backed by a labor-minded Administration (see NATIONAL AFFAIRS). But calmer businessmen recalled that it was a Democratic Congress which had let OPA die, that President Truman had approved the repeal of the wartime excess-profits tax in 1945, and that wage boosts were bound to come anyway...
...last week, crewmen began unloading draggers at Manhattan's Fulton Fish Market on the East River. Through the quiet streets leading to the market, giant trailer-trucks rumbled up with even bigger loads. There were cod and pollock from Massachusetts, salmon from Canada, croakers and sea bass from Maryland, lobsters from Maine, shrimp from Florida, clams and oysters from Long Island. They were put into barrels and boxes or just piled in the bins of stalls along the waterfront...