Word: transit
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Dates: during 1950-1959
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...time, it seemed to Transit Radio Inc. like a fine idea. With busloads of hapless passengers as audiences, music-and commercials-could be broadcast in urban buses all over the U.S. The plan was fought by groups of indignant passengers, by newspaper editorials and magazines (notably The New Yorker), all charging that bus broadcasts were an invasion of the bus rider's privacy. Last year the company won a favorable Supreme Court decision and thought its troubles were over. But the bus-riding public and the nation's advertisers combined to overrule the Supreme Court...
...Transit Radio's President Richard Crisler this week admitted that bus broadcasts have already been abandoned in St. Louis and Omaha, will be dropped this week in Washington and Cincinnati, are losing money in Tacoma, Wash., Worcester, Mass. and Trenton, N.J. The reason: loss of national revenue...
Actually, warehouses are storing more goods because with rising sales manufacturers are producing more, and consequently more goods are in transit. In some cities there were signs that inventories were getting too big in a few items, e.g., electrical appliances. But General Electric reported last week that, overall, appliances are moving so fast that its own inventories are only 75% as high as a year ago. Furthermore, as the Commerce Department itself pointed out, sales of all lines have risen so much that the ratio of inventory to sales is actually lower than a year ago. April's retail...
...years, testified an Agriculture Department investigator, Fellrath had collected $100,000 from Fort Worth's Transit Grain Co. for blending about a million bushels of cheap Canadian wheat, officially graded as "unfit for human consumption," with high-grade U.S. wheat. Transit Grain exported its low-grade wheat at an estimated profit of some $500,000; the U.S. paid part of the bill by making up the difference between the domestic wheat price and that called for under the International Wheat Agreement. In addition, said the Agriculture investigator, Transit Grain paid about $15,000 to two of Fell-rath...
...Canadian wheat as filler [and] the Houston Merchants' Exchange checked that wheat every two weeks - checked it and approved it." Demanded Fellrath:"Is it my fault if they approved something they shouldn't have?" This week, the Senate Agriculture Committee was trying to subpoena the records of Transit Grain Co., and set about finding out if life in other grain elevators was as profitable as in Houston and New Orleans...