Word: markup
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Dates: during 1940-1949
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...York City is the greatest single liquor market in the U. S. It is also paradise for liquor retailers, whose 40% markup is the country's highest. Ever since New York State legislators passed the Feld-Crawford Act (1935) New York City has also been No. 1 test tube for price-fixing laws. Under the Act (similar to price-fixing laws in 42 other States), prices of all trademarked articles can be price-fixed "vertically" by agreement between manufacturer and retailer...
...another over the price at which Indianapolis common could be sold. Indianapolis' 1939 earnings were $2.05 a common share, its dividend $1.60. Upshot of the haggling: the bankers bought 714,835 shares of Indianapolis for $22 a share, agreed to sell it to the public at a $2 markup, for $17,156,040 in all. To Atlas, the sale of U. P. & L.'s Indianapolis stock meant cashing in on around $10,000,000 that had been frozen in U. P. & L. To utilitarians, underwriters and SEC, the deal was a test case, whether the public would...