Word: markup
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Dates: during 1960-1969
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...with the American Fur Co. Astor's greed was enormous. If company furs were exported in his own ships, he charged the company for the freight. The trappers who supplied him had to buy their clothes and equipment at American Fur Co. posts at a 300%-to-400% markup. But Astor's personal fortune, which included enormous returns from his investments in Manhattan real estate, has never been accurately determined; he kept scanty records. A conservative estimate put it at $20 million at his death...
...short supply is to dispatch every member of the family to stand in line at different shops. Prices are about four or five times as high as in West Germany, and many families help make ends meet by selling such scarce items as coffee ($10 per Ib.) at a markup to people who do not have the time to wait in line for hours...
...brother to ask the full committee to soften the bill, the flood of publicity that accompanied his testimony, ironically, scared the group so badly that it may actually approve the bill. Liberal Congressmen who might have voted to weaken the measure in the usually secret process of committee "markup" now shrink from seeming to oppose civil rights legislation. Republicans are not about to help the President escape from what is daily becoming a more embarrassing dilemma, and the Southerners are delighted to vote for a harsh bill in committee, believing as they do that it cannot pass on the floor...
...York Stock Exchange, and 99% of all these transactions are handled by two firms: Carlisle & Jacquelin and DeCoppett & Doremus. Brokers place their odd-lot orders with these two firms, which usually sell the shares from their own portfolios at the going market price, plus a fractional markup. Together, the two firms in 1961 earned $12 million on a gross of $35 million...
Manhattan Transfer. Last week the Brenninkmeyers were well on their way to gaining control of the cash-and-carry Ohrbach's chain ("A business in millions, a profit in pennies"), which has sales of some $75 million from five low-markup clothing "supermarkets" in Manhattan, Newark, Long Island and greater Los Angeles. The Brenninkmeyers bought an interest of roughly 47% in the chain last year, have an agreement to buy the remaining shares from Founder and Chairman Nathan Ohrbach when he decides to retire; Ohr-bach is vigorous and determined to stay on, but he is also 77. Fortnight...