Word: tradings
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Dates: during 1940-1949
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Newsmen wondered whether Pinkley and crew could learn the tricks of the tabloid trade fast enough to weather the rough days ahead. There were rumors that Hearst had shipped in 600 tons of extra newsprint in preparation for a ding-dong circulation...
...catch on very well. It ran smack up against a more powerful force-the right of the public to the free flow of news." Since then, twelve states have held "that a mari is entitled to redress for the unauthorized appropriation of his name or picture for trade purposes. But . . . the publication of news is not a trade purpose. No one can stop the use of his name or photograph if they are matters of public interest, no matter how much it hurts...
...consent decree before a circuit court last week, U.S. Steel Corp. gave up a 24-year court fight to save the "Pittsburgh plus" basing-point system of setting steel prices. The company promised to adhere "to a pricing method that does not conflict with the requirements of the Federal Trade Commission." But U.S. Steel, which had voluntarily abandoned basing points when they were outlawed in the cement industry (TIME, July 19), had not given up the fight for good; it had merely shifted the battleground. What it had lost in the courts, Big Steel, and all other steelmakers, hoped...
Soap Opera. The soap industry's "Big Three"-Lever Bros., Procter & Gamble, and Colgate-Palmolive-Peet-were accused by the Federal Trade Commission of unlawful price discrimination against small customers by their rebate system to big buyers. P. & G. admitted that it gave rebates to protect wholesale stocks, whenever it lowered prices. But, said P. & G., it was a practice that had been respected for "many, many years," and once approved...
Letdown. U.S. exports in August fell $34 million from July (to $988 million), the lowest since October 1946. Imports rose $40 million (to $598 million), making the monthly balance of trade in favor of the U.S. the smallest in nearly two years. EGA shipments are expected to lift exports in the coming months...