Word: palina
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Dates: during 1940-1949
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...days of shortage, were producing dresses at an average wholesale price of less than $9. Philco Corp. cut its radio and radio-phonograph prices as much as $60 (sample: a $44.95 table model cut to $14.95). Consolidated Cigar Corp. put a 9? price on its 10? Harvester and La Palina cigars...
...dapper William S. Paley, 47. Born in Chicago and educated at the University of Pennsylvania, Paley was doing all right (vice president in charge of advertising) in his family's Congress Cigar Co. when he decided there was money in radio. Impressed because radio plugs boosted his La Palina cigar sales by 150%, in 1928 he bought control of CBS for $300,000. Since he took charge, the network has grown from 20 stations...
Twelve years ago, short, grey-haired Jay Paley, tired of work at 42, sold his interest in Congress Cigar Co. (La Palina), invested his fortune in prime securities, and set out to view the world. The viewing lasted seven years, and when Mr. Paley finally settled down he hung his hat in the hallway of a mausoleum-like establishment in Beverly Hills, Calif., designed for him by famed Negro Architect Paul Williams. As a permanent resident of the Hollywood area, Jay Paley learned to rumba, played poker for whopping stakes with Joseph M. Schenck and other cinemoguls, took pride...