Word: tradings
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Dates: during 1940-1949
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While CBS Board Chairman William Paley was proving once again that this is a year for underdogs, NBC was crying "Foul!" Though trade papers had banner-lined that he had made similar-but smaller-offers to keep Benny, President Niles Trammell announced primly that NBC would "continue to refuse" any part in capital gains deals "until the U.S. Treasury says that such transactions are lawful . . ." Scoffed a CBS spokesman: "Mr. Trammell's statement is unwarranted and reflects unfairly on many creative artists who have done no more than abide by our tax laws like any businessman or corporation...
When the flossy fashion-trade magazine Kaleidoscope made its bow this fall, magazine men were amazed at the jet-propelled speed with which it had been put together (TIME, Sept. 13). Last week, Kaleidoscope set another speed record of sorts: after only three issues, it fizzled out like a spent rocket. On Thanksgiving eve dismissal notices went to the staff...
...angry as a loser in a sharp horse trade, the U.S. aluminum industry last week focused its wrath on the Economic Cooperation Administration. The U.S., said the industry, was getting the short end of a very sharp deal...
...Thanksgiving dinner for eight was thrown in with every refrigerator bought from Sears, Roebuck & Co. In Chicago, washing machines were offered at $50 below list price. Manhattan stores trimmed prices of women's dresses, furs, shoes, gloves, millinery, hosiery from 25% to 50%. Even the carriage trade's Hattie Carnegie, who ordinarily does not stress prices, advertised a clearance sale of hats...
...customer was approaching kingship again in more fields than retail trade. His unwillingness to buy overpriced houses had caused new construction to fall off 12 %-more than seasonal-in October. And many high-priced houses had had "for sale" signs on them for months. Some housing materials might soon be cheaper. The lumber industry, whose record production had begun to back up in the yards, had already trimmed wholesale prices; yet production was still ahead of sales...