Word: pricing
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Dates: during 1960-1969
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...houses converged on the Seattle Fur Exchange to compete for Alaska's initial harvest. In less than two hours of bidding, Alaska Governor Walter J. Hickel, who revived the trade as a state-owned enterprise, presided over the sale of 826 skins. The record-breaking top price: $2,300 per skin, paid by George Liebes of Dallas' Neiman-Marcus for four male pelts, each more than 5 ft. long and 30 in. wide...
Liebes had come with carte blanche from Stanley Marcus to buy the finest four skins to be made into "the most extravagant lady's sport coat in the world, price no object." What might the coat cost? "Oh, maybe $20,000," said Liebes. Adds Alexander Ehrlich of Manhattan's Bergdorf Goodman, who was commissioned by Alaska to produce a sample, full-length cape to stimulate interest, went on to buy 30 pelts: "With all the couturiers looking for something new, this is the ideal time to introduce this fur. Now it's up to the women...
...importance of chocolate. But serious fluctuations in the cocoa market did figure in Hershey's decision to expand into other fields. With purchases of some 100,000 tons a year, Hershey is the largest U.S. buyer of cocoa, and in Ghana, the principal provider, scarce supplies have pushed prices up 200% in two years, to 30? a pound. To combat such price rises and increased wages for its 6,800 employees, Hershey has already chopped one-eighth of an ounce off its popular 5? bars. Yet, in spite of higher sales, earnings are off 17%. "It is rather unusual...
...money these days, however, is Clinton Eastwood Jr., son of a California business executive, who went into television after an unsuccessful try at breaking into movies. Although his acting-so far-has been consistently awful, his European box-office success with the Dollar films jumped his price from $15,000 for Fistful to $250,000 for Ugly. He is riding even taller in the saddle now, as Hollywood studios seem to have decided that he is just right to play the kind of strong, silent, outdoor roles that once went to Gary Cooper. His next epic...
...this point, Americans may feel that Heren is carrying historical metaphors too far-that the price for being shaken out of American myths is to be locked into English myths. But as he approaches the present, Heren makes increasing sense by insisting that the U.S. is an improvisation upon old traditions to suit new circumstances. Thus he sees the shift of power from Congress to the presidency as a necessary response to the "complexities of modern life." The same challenges have pushed the Supreme Court beyond its once limited role and forced it to cope with forces that might otherwise...