Word: sells
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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...
...fact that expensive cars will no longer sell...
Like a gentleman's club, the International Monetary Fund has certain rules which members are expected to observe- even when no one is watching. One rule is that no members can sell gold above $35 an ounce. This is the Fund's way of trying to insure stable currencies and exchange rates among its members. Therefore, Fund members were outraged last week when one of the brethren chucked the rules...
South Africa announced that it would sell 100,000 ounces of 22-carat gold at $38.20 an ounce through the London brokers Mocatta & Goldsmid. (On the basis of 24-carat or "pure" gold, the Fund's yardstick, that meant a premium of about $6.50 over the $35 rate.) South Africa said the gold was not being sold for monetary purposes but for industrial and similar uses, and was thus beyond the Fund's jurisdiction. The Fund thought differently. Since the brokers kept mum on the gold's destination, the Fund suspected that it was going to hoarders...
Last week Fred Levy changed tactics. He would make his wares plentiful and cheap. He switched over to machine production, to step up output. Then he made a deal with Rexall Drug Inc. and 500 other stores, to sell 2,000,000 one-pound boxes at $1 a box this year, and with ABC Vending Corp., world's largest vendors of candy, to sell a 10? candy bar (Blum's first bar) in its slot machines...