Word: prices
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Tele-tone Corp. marketed a new set. At $149.95, the price was right, but the screen (5⅞ in. by 4½ in.) was tiny...
...passed through two other brokers "around the grapevine" until it was bought by Louis Golden, a Detroit broker. Golden paid $300 a ton. On paper, the steel had traveled from Detroit to New York to Cleveland and back to Detroit, and $200 a ton had been added to its price. Actually it never left K-F's warehouse...
Tuned In. Detrola's Feldman soon had another problem: his radios were piling up. So he offered to sell 9,000 tons of steel at mill price ($100.09 a ton) to Boston's Clark & White, Inc., if it would also pay $875,000 for 28,000 radios. Clark & White accepted the proposition - and lost $580,000 on the radios; it sold them for $295,000. But it made up the loss handily - and $461,120 to boot - by selling the steel in the grey market...
...committee he lost $500,000 on sale of the tie-in junk. But, through his steel, he netted a $14,000 final profit on the whole deal. The committee got an eye-opening account of how fast steel gets around in the grey market and how fast the price goes...
Esso Cuts. Esso Standard Oil Co., last of the industry to hike prices last fall, was also the first to slash them again. It cut the prices of more than 350 products (bottled gas, roofing asphalts, industrial lubricants, etc.) from 5% to 25%. By week's end Shell Oil Co., Inc. had followed Esso Standard's lead. Unchanged: the price of gasoline...