Word: ups
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Dates: during 1940-1949
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Investors seemed to think that the upsurge would last. They brushed off the steel and coal strikes, quoting the old Wall Street saw: "Never sell on strike news." They pushed up U.S. Steel if to 1⅜ TO 24⅜, the high since the stock was split in May, and...
Most of the predictions were made with a big "if" predicated on the strikes. Midway through his nationwide tour to check up on the economy, Secretary of Commerce Charles Sawyer cheerily reported: "Sales in the retail clothing lines and shoes have fallen off in the last two weeks . . . [But] unless...
To pep up sagging refrigerator sales this summer, Joske's of Texas, a subsidiary of Allied Stores in San Antonio, went back to old-fashioned selling methods. Sales Promotion Vice President Jim Keenan plugged Frigidaires in splashy newspaper ads, cut out down payments and sent his 80 salesmen out...
An added spur was a four weeks' "Dress Yourself" contest. Salesmen got clothing prizes (ties, shirts, etc.) depending on what they sold, with the top prize a suit. At meetings once a week, salesmen could wear only what they had won. At the first meeting, some were barely decent...
In a walnut-paneled room in Washington, the Civil Aeronautics Board opened preliminary meetings last week to see if National Airlines, Inc. should be put out of business. The case for dismemberment was strong last year: hit by a ten months' strike and hurt by CAB's grounding...