Word: marketing
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Dates: during 1950-1959
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...Leaguer to the idea of jazz as an art form. What we need first is a different attitude in the Music Department. Then we need a club with a definite idea--a fixed purpose--and some means to endure when the original members leave. Once this attracts the Harvard market things will really move fast...
...bond market is still in the throes of a shake-out that Wall Streeters compare to the '29 crash in stocks. With the benefit of hindsight, bond experts lay the blame on Treasury Secretary Robert Anderson. Eager to stretch out the public debt, i.e., lengthen the maturing period of Government bonds, Anderson brought out medium and long-term bond issues in June, a poor time because the market was at the top of a speculative binge that had boosted the price of U.S. bonds (TIME, June 30). Many, gambling on a continued rise, bought the new bonds with nothing...
...next month, the Treasury must raise $3.5 billion in new money, the first of a series of huge financing operations over the next ten months by which Anderson must raise new cash, and refinance some $46 billion in maturing securities. With private investors scared out of the bond market, the Treasury is counting heavily on commercial banks to buy its future issues. Since the banks can turn right around and borrow from the FRB on the bonds, this will also add to the credit supply, forcing the FRB to increase its efforts to check credit...
...Hills' Litton Industries. In five years under Thornton, Litton's yearly sales have risen from $3,000,000 to $83 million, are expected to top $110 million in the twelve months ending next July. Last week "Tex" Thornton was ready to bite off another chunk of the market. He said that Litton had closed a deal-pending the Justice Department's expected approval-to buy Westrex Corp. (yearly sales: $13 million), a communications firm, with outlets in 35 foreign countries, that the trustbusters forced Western Electric to sell...
When the Korean war came, many U.S. distillers, recalling World War II shortages, began laying down heavy liquor stocks. But there were no shortages, and stocks piled up. Fearful of having to pay the tax after eight years, stocks were dumped on the market (often under new brand names) at cut-rate prices. Most distillers agreed that some kind of relief was necessary to eliminate price wars, but differed on what...