Word: unsold
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Only three apartments remain unsold in the project, according to realtors marketing one of Cambridge's most expensive housing developments. The rest have gone to a famous author, actors, corporation presidents and even a few undergraduates...
...best bargains are in luxury goods--antique furniture, for example. In a recent sale at the Phillips auction house in London, American dealers and collectors bid up the prices of fruitwood furniture one- third or more above the advance estimates. An 18th century walnut desk that went unsold at $1,875 last year brought $4,680; a Queen Anne walnut bureau expected to go for $16,800 reached $33,600. Such prices wiped out the savings that American buyers got from the strong dollar, but London prices for decorative furniture are still at least 20% lower than New York...
...Computer toiled like tireless elves. Dealers, bent on avoiding a shortage of the company's products, had ordered some 800,000 machines, nearly three times as many as they had the previous Yule season. But sales were weaker than expected, creating a springtime Apple glut of some 120,000 unsold computers. As a result, the company (1984 sales: $1.5 billion) announced last week that for the first time in its eight-year history it will temporarily shut down assembly lines because of a surplus of wares. Calling the hiatus a "spring break," Apple ordered about 1,000 workers...
...expected). Anticipated outlay in 1985 alone: $15 billion. The law encourages production of goods nobody wants. Standout example: the 768 million lbs. of cheese that the Government has bought and is holding in storage--more than 3 lbs. for every man, woman and child in the country. Other unsold mountains, including goods stockpiled by farmers with Government help: 1 billion bu. of wheat, 650 million bu. of corn. And as a crowning irony, the act has left many farmers, after 52 years of Government protection, little better off than their forebears were during the Great Depression that gave birth...
Crop Loans. These are the basic price-support mechanism. After harvest, the Government lends a farmer money on his unsold crop at a rate set by the Agriculture Department under guidelines established by Congress. If the farmer can sell the crop for more money, he does, repays the loan and pockets the difference. But if market prices are low, the farmer keeps the loan money and the Government takes over the crop. The produce must be stored until it can be sold for more than the loan rate--which could be never...