Word: prices
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Dates: during 1940-1949
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General Motors surprised the motor industry, and everyone else, last week by cutting the price of its cars. It was not a deep slash-from $10 on Chevrolets to $40 on Cadillacs-but it was a cut, nevertheless. Light and medium trucks, which are getting harder to sell, were reduced...
Dodge will bring out a sporty roadster; with manually folding top and solid plastic side curtains, a model most auto companies have not made for twelve years. But the price has not been announced. The first ones would come off the line about April, in time for the fine spring weather...
...draw this year. There was a greater threat. The Fund, controlled by the U.S., might persuade the Export-Import Bank to turn thumbs down on South Africa's application for a $100 million loan. In any case, the Fund had no intention of being pressured into boosting the price of gold...
...price of gold tumbled in panicky selling on the Paris free market early last week. The U.S. $20 gold piece, which has been sliding from its January high of over 28,000 francs (about $88 at the official free rate), dropped to 21,200 francs (or $66), down 2,500 francs in a week. A 2.2 pound gold bar, worth 837,000 francs a few weeks ago, dropped to 635,000. The Bourse was baffled by the reason for the plunge. But it seemed to be caused by rising confidence in France's currency...
Last week Producer Selznick announced the closing of his biggest loan-out deal-probably the biggest of its kind in movie history. For a price that ran "well into seven figures" ($1,500,000 was a likely guess), seven Selznick stars will go to Warner Bros, for a total of eleven or twelve pictures: Jennifer Jones (whom D.O.S. is expected to marry this year), Gregory Peck, Joseph Gotten, Louis Jourdan, Shirley Temple, Rory Calhoun and Betsy Drake...