Word: prices
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Dates: during 1940-1949
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...Down Prices? Westinghouse Electric Corp.'s President Gwilym Price took a hard look at his books, and cut prices also -a $3.1 million saving for customers. Westinghouse's first-quarter net of $13.1 million was up nearly 20% above last year. More than that, said President Price, new orders booked in the first quarter this year were higher than in any other peacetime quarter...
Many another bigwig agreed with Price that the boom seemed solidly shored up by orders. Blaw-Knox Co. (makers of industrial equipment), whose net was up slightly, said that its backlog was "not only the largest in the company's peacetime history, but well diversified." Montgomery Ward, whose first-quarter profits (an estimated $24 million) were up 18%, said that its entire capital was "at work in the business" for the first time since September...
Looking at all this, many a consumer wondered if it wasn't time for the rest of industry to follow the lead of G.E., Westinghouse and Big Steel, and pass some of the benefits on in price cuts...
...principal Lone Star organizers. Ailing Mr. Estes was brought to the meeting on a stretcher. While his doctor plied him with pills, he read off a ten-page blast at management for selling pig iron to outsiders at little more than half the Texas market price. Who were the buyers? Why were these money-losing deals made...
...iron. As big, established buyers were skeptical about Lone Star's chances, the company had to rely on small brokers. A typical deal: a contract with one Harry Gale, of Washington, D.C., to deliver 24,000 tons of pig iron at $39 a ton, then the current market price...