Word: velvets
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Dates: during 1940-1949
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Tops in both prestige and sales from 1883 to 1939 was the American Art Association-Anderson Galleries, which auctioned over $160,000,000 worth of art. Every big U. S. art fancier knew its dignified building on Manhattan's esthetic 57th Street, its shrewdly-lit, velvet-draped auction stage. But spooks lurked behind that arras. Last summer the American Art Association-Anderson Galleries folded up for nonpayment of debts (TIME, Aug. 21). Last week its two partners gave Manhattan its best mystery story since Drug Dealer Frank Donald Coster (TIME. Dec. 19, 1938, et seq.). Tabloids christened...
...year ending Oct. 31). During the year his company's sales dropped 8%, rather a good record since the sales of farm implements generally fell 10 to 15%. While late in 1939 U. S. business volume increased so that many companies passed the point where the velvet begins, Minneapolis-Moline's decline for the year took it back below that point. Its 8% drop in business was accompanied by a 91% drop in profits...