Word: prices
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Dates: during 1940-1949
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...different from a year ago, when Doug Abbott, passing out tax-reduction gifts (TIME, May 12, 1947), looked like Santa Claus. Since then the price situation had worsened. So had the international outlook. Doug Abbott had toughened with the times. He was no longer a patient listener. Many a time in budget conferences he cut short advisers with a brusque yes or no and hurried to the next item. Even with colleagues of Cabinet rank he had lost the habit of turning aside importunities with easy banter...
...wobbly French press is no longer either powerful or corrupt. No foreign power can plant a campaign, for a price, in a French paper-except, of course, in L'Humanite, which sometimes reads as if it were edited in the Kremlin. Nor can government ministers phone editors, as they did before the war, and tell them what to print and what to kill...
...pictures). One stumbling block is Hollywood's fear that television will kill its theater market; another is that release rights of recent films are wrapped up in expensive red tape. More important is the fact that television's purse is no match for its appetite. The top price tag for a radio program (around $25,000 a week) would not pay for two, minutes of a big Hollywood movie, and the entertainment budget of the entire television industry is not as much as the soap companies alone spend on radio...
...right & left. In Saturday's brief two-hour session, 2,590,000 shares changed hands-the biggest Saturday turnover since the feverish beginnings of NRA in 1933. As in the hectic days of 1929, single blocs of 3,000 shares and more changed hands without driving down the price (e.g., Packard Motor closed up ⅛ after one bloc of 21,000 shares was sold...
...about the steel grey market. J. & L. filed suits against two steel brokers (it asked $100,000 damages). The charge: the brokers said they had an "in" with J. & L. and could get 7,500 tons a month for the Ford Motor Co. at $75 a ton (the mill price was then $36). In Brooklyn, a federal grand jury indicted roly-polyIsadore Ginsberg, 52, and his son Maurice. (Ginsberg was scored as a "vicious grey marketeer" by a congressional committee probing the grey market in building materials, TIME, Jan. 26). The charge: using the mails to defraud 31 contractors...