Word: pricing
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Dates: during 1960-1969
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...access to nearly half of the pre-Castro leaf still warehoused in the U.S. And yes, Garcia y Vega has the promotional services of one of the more fascinating authors in the nation. In return for mailing in ten bands from the company's Elegantes or Gallantes (list price: two for 250), a cigar smoker can get a free copy of To Seek a Newer World (list: $4.95), a slim volume of essays by Senator Robert Kennedy...
...today's overcrowded art market, the museum director in search of new acquisitions finds himself in much the same position as a stockbroker in a runaway bull market. If he buys the current favorites, he will get popular pictures-at an inflated price. The cheaper but far riskier alternative is to buy undervalued art of a period or artist not yet discovered or out of fashion. This is the course chosen by Director Sherman Lee of Cleveland's Museum of Art, who invested the museum's $1,731,557 purchase fund for 1967 in 132 different works...
...industry-wide bargaining; the companies have offered about 500 and have insisted on maintaining the same plant-by-plant bargaining system that copper men have always used. Last week, in a desperate effort to break the impasse that has nearly wiped out domestic copper supplies and rocketed the price of the metal bought abroad, Phelps Dodge raised its wage offer...
Ironically, Mercedes has also been getting a lot of speed from its go-slow policy of production, which has never quite matched demand. A big item in its current surge is its Model 250 sedans, which boast 2.5 liter engines and price tags of $4,000 and up. Introduced in early 1966, the popular 250 drew a two-year order backlog. That has kept production humming while competitors like Volkswagen have been forced to cut back...
...world's bullion dealings. The pool appeared most likely to: - Ban gold trading on credit, a measure designed to dampen speculative buying by those who would rather not spend cash for outright purchases. >Forbid purchases on a future-delivery basis. Because of the U.S. pledge to maintain the price of gold at $35 an ounce, such transactions have meant virtually no risk for buyers, since there is a floor below which gold presumably will not drop...