Word: marketing
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Dates: during 1940-1949
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First they arrested scores of minor profiteers. Then came the crackdown on real big shots. The day China's new currency was announced, all stock exchange transactions were frozen. The day before the announcement, a traders' pool, working on inside information, dumped 30 million shares on the market in what Shanghai papers dubbed "Operation Giant Bear." Promptly arrested as broker for the deal was Tu Vee-pin, son of Tu Yueh-sheng, president of Shanghai's stock exchange and one of the most powerful men in Shanghai. Big merchant hoarders and price riggers were also pulled...
...stock market, already nervous over the news from Berlin (see INTERNATIONAL), promptly went into a new decline, certain that the new curb would edge interest rates upward and increase the cost of doing business. In two days, the Dow-Jones industrial average fell 2.29 points to 180.61 in the heaviest selling in weeks. But bankers doubted whether FRB's action would tighten credit much. There was too much money in circulation and too many big non-bank lenders, e.g., insurance companies, ready to fork out cash. New York's National City Bank Monthly Letter said that a practical...
...anybody thought the meat packers were getting rich on the present market, they had another think coming. Armour & Co. last week said that livestock prices had gone "far beyond levels warranted by the selling price of meats." Armour had tied up so much of its cash in inventory that it could not pay a dividend. Its stock promptly dropped 2⅜ points to 10¼, the low for the year, and touched off selling in other meat-packing stocks...
Despite the industry's fast growth during the war-when plastics took the place of scarce strategic materials-most plastics makers still have not caught up with demand. Though many a Gloomy Gus predicted that plastics would glut the market when scarce materials became more plentiful, they are now displacing metals in some lines (e.g., toys, 40% of which are now made of plastics). They have become standard materials for flash light cases, radio cabinets, toilet seats, shower curtains, raincoats, furniture coverings, electrical appliances. They have even been tried as eye-catching bathing suits (see cut), but wearers complain...
...Black-Market Hero. During the war Grant rides high ("I'm too old to fight, all I can do is to make a profit"). He plunges into the black market and secret deals with the Axis, is snared by an avaricious blonde whose mind is as corrupt as his, and finds in the world's agony the perfect opportunity to snatch more pleasures. At war's end, Grant, aged and decayed, passes out with fright at the unexpected appearance of an old friend whom he had cheated years back. Grant's hallucinatory harangues, much like...