Word: sales
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Dates: during 1960-1969
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...Groaner Bing Crosby decided to dispose of one of his five domains (including two cattle ranches), mostly because he is kept too busy trying to live on them all. For sale: Bing's 14-room seashore mansion, built in 1948, overlooking California's Pebble Beach Golf Course. Asking price: $250,000. Since the Crosby clan operates as a sort of junior cartel, the real estate agent on the deal is Mary Rose Pool, Bing's sister...
...despaired of getting a bearing from the classical indicators, there was a handful of more modest straws to seize. Wheels, Inc., a Chicago auto-leasing firm, suggested last week that a good measuring rod of the economy is the distance a traveling salesman has to drive to make a sale-the farther the worse. Reported Wheels: salesmen drove 10% farther for each sale in the first half of 1960. Los Angeles' Security First National Bank, which carefully tots the number of help-wanted ads in local newspapers as a telling business index, reported that July ads were down...
...whole rationale of the expense-account society-aside from the benefits reaped by free-spenders of the company's money-is that the uninhibited use of high-priced food, liquor and gifts helps mightily in making a sale. Not so, says Clarence B. Randall, retired board chairman of Inland Steel, in a caustic attack on "The Myth of the Magic Expense Account" in the current Dun's Review. After 30 years in the executive suites of the nation's eighth largest steelmaker, Randall, 69, believes that "this orgiastic abuse of the expense account is a spectacular...
...Upper Manhattan that has been cleared of old apartment buildings for a new expressway approach to George Washington Bridge. The highest bidder: Manhattan Realtor Marvin Kratter, 44, whose Kratter Corp., formed only last year, has become one of New York's most aggressive and ambitious builders. The sale marked the first time New York City has sold air rights over a sunken road for buildings to rise over...
...little late in the history of Western civilization to question the meaning of the word book, but the fact is that many publishers are paying their analysts with profits from the sale of goods that are not books at all. They are, in fact, non-books...