Word: prices
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Dates: during 1940-1949
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Getting in to a new Broadway hit often takes patience, pleading-or a hefty premium that is many times the price of admission. Tickets disappear first at the box office, then at the large, reputable ticket brokers (who, unlike many of their smaller, shadier colleagues, charge no more than the top legal fee of 75? a ticket). But for those who want seats badly enough, especially in the first ten rows, there is a booming black market...
Sylvia, who also runs a talent agency and books theater parties in her spare time, charges $10 for ten months of club membership. For this, the member gets a chance to buy a pair of tickets, at the box-office price, to the club's monthly show selection, or an alternate. He also gets the club newspaper's breathless bulletins on forthcoming shows and, as an occasional "bonus," a chance to buy tickets at a discount to a preview...
...some of the cotton and wool market. In a cocky newspaper ad, Burlington sounded a battle cry: "It is a rough and tumble competitive situation with few holds barred. Business from here on in will go to the firms that produce precisely what the public wants and at the prices the public wants to pay." And the price for women's rayon dresses, Burlington thought, would soon be down...
When Burlington Mills Corp. (Bur-Mil), largest U.S. weaver of rayon goods, slashed its prices 10% to 25% a fortnight ago, its 52-year-old Chairman J. (for James) Spencer Love made a calculated gamble. He was betting that the price of rayon fiber, which Burlington has to buy to weave its fabrics, would soon come down enough to make up the difference...
Last week it came down. The Celanese Corp. of America, third biggest U.S. yarn producer, trimmed its prices of rayon (acetate staple fiber) by 12.5% to 42? a lb., lowest in its history. As other producers, weavers, converters and jobbers began cutting prices to the new pattern, the whole industry joined in its first big postwar price battle...