Word: toed
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Dates: during 1940-1949
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RCA Victor last week made a low bow to a competitor whose existence it had pointedly ignored. On display for RCA distributors last week went new radio-phonograph combinations which will play not only RCA's 45 and the standard (78 r.p.m.) record, but Columbia's 33⅓...
Another monument to the strange economics of the Government's price-support program (see NATIONAL AFFAIRS) was on view last week. It consisted of 4,000 tons of cottonseed, piled high on the concrete tennis courts of a former naval air station in Oklahoma City. Bought and paid for...
But cottonseed producers were happy. Southern Congressmen had pressured CCC to buy the seed from farmers at a support price of $46.50 a ton, higher than the local open-market price of $45 and under. Producers were, of course, the only ones happy. Processors, who turn the seed into cottonseed...
As usual, the U.S. consumer would probably have to shell out twice. He was already paying for the support price; by next spring he might be paying again in higher prices for steak.
In the advertising world, the quipsters say, every agency has a special back door to accommodate its swarms of vice presidents. Last week, Manhattan's McCann-Erickson, Inc., fifth biggest U.S. agency,* had to enlarge its doors. It added four women to its present complement of 40 male V.P.s...