Word: unloads
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...Woman. "I have 500,000 unsold books in stock," he complains. "Heaven knows how I shall ever get rid of them." Hardest hit of all, perhaps, are the obsequious little men who run Denmark's fleshier kiosks and porno stores-and who are now trying to unload for $8.50 a reel skin flicks that last year sold for $40. "The legalization is killing business," says one, "and you have to be content with what you can sell of decent magazines...
Price-cutting has started as the five major wheat exporters-France, the U.S., Canada, Australia and Argentina -unload stockpiles below the price minimums set by the International Grains Agreement in 1967. France opened negotiations with Red China on a deal to unload soft wheat. Not wanting to be left holding a surplus, the U.S. followed by underselling grain to Germany and Britain. Canadian farmers, prevented by the strait-laced Canadian Wheat Board from breaking the Grains Agreement, could only fume as prices fell. The board finally relented after it became apparent that a free-for-all was shaping...
...avoid becoming an insider, Bluhdorn would have been forced to sell part of his Armour holding?at Prince's price. Angered, Bluhdorn quickly arranged to unload 150,000 Armour shares at $56 to Richard Pistell's General Host Corp., a Manhattan baking and food-freezing firm. Pistell took an option on Bluhdorn's remaining 600,000 Armour shares at $60. Thus Bluhdorn escaped the patrician Prince's trap. With great help from Bluhdorn's stock, Pistell last month captured control of Armour, despite Prince's frantic efforts to resist...
...rush, the $3 billion that drained out of official reserves created a price-stabilizing oversupply of the metal in the free market. Now that cushion is depleted because speculators have bought it up. If the price gap grows larger, the central bankers of smaller nations might be tempted to unload official stocks of gold at the much higher free-market price-thereby circumventing the two-tier arrangement...
...Raise in Salary. Blount, of course, will unload his interest in the family company. So will another millionaire builder, Governor John Volpe of Massachusetts, who will head the Transportation Department. Volpe retained his chairmanship of the John A. Volpe Construction Co. while serving as Governor. He will sell his interest, which he estimates at about $1,000,000, and expects to lose a quarter of that in taxes...