Word: profiteer
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Dates: during 1930-1939
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...would profit Germany to cut the export price on Mercedes cars or whatnot is explained by the fact that the subsidy would be paid in marks of which the German Government will always have plenty, whereas the cars would be paid for in dollars good anywhere on foreign exchange. With these dollars which, like all foreign money possessed by Germans, would be at the Government's disposal, necessary purchases could be made abroad of materials now urgently needed by Realmleader Hitler's fast expanding Army, Navy and Air Force. Last week in Berlin most businessmen agreed that...
During the build-up for last week's opening, Technicolor stock had risen from the year's low of $11.63 in January to a high of $27. Last week Technicolor started strong, then fell off on profit-taking to $25. Wall Street brokers were in the crowd at the morning opening. That day Technicolor bounded up nearly a point. Said the Wall Street Journal: "Reaction to the color film appeared highly favorable." The catch was, however, what would the professional critics say? Excerpts from their opinions...
Most big shopkeepers admit that a "loss leader" is sometimes good business. Customers attracted to a store by the cut-rate price of one product linger to buy other products on which the store can make a profit. But "loss leaders" become a large hole in the profit bucket when customers throng a store to buy only the "loss leader" and nothing else. Forcefully last week was this axiom brought home to scores of cut-rate storekeepers in Los Angeles, home of some of the fiercest price wars...
...newspapers announcing that Safeway would pay standard prices for butter, bacon, sugar, shortening and a long list of other items which other grocers were offering as "loss leaders." This meant that housewives could buy "loss leaders" at cut-rate stores, walk around the corner and sell them at a profit to Safeway. Merchandise began pouring into Safeway Stores a few minutes after the early editions carrying the announcement hit the street. For Puritan bacon sold by competitors at 18? per Ib. Safeway was offering 34? for 3-lb. Crisco tins, 54? against the cut-rater's 29?; for National...
...receiver, Editor Raymond Moley was presented with a bust of himself by the management for having operated Manhattan's Hotel St. Regis for a year at a profit. Asked if the cocktail lounge were responsible for having turned the St. Regis' ledgers from red to black, the one-time Brain Truster replied: "Lincoln once sold liquor in his general store, but I think my establishment is much classier." With a $5,000,000 mortgage on the property, Mr. Moley's good friend Vincent Astor year ago threw the St. Regis into receivership (TIME, June 18, 1934), last...