Word: welling
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Dates: during 1950-1959
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...store packed with Christmas shoppers, an impatient customer stopped in front of a display typewriter and banged out a desperate note: "Why don't you wait on me?" All over the U.S. last week, harried clerks were faced with similar problems as they tried to placate hordes of well-heeled customers who nocked into the stores for a record Christmas-buying spree. Dun & Bradstreet analysts estimated that sales in the nation's department stores and mail-order houses will reach a record $2.4 billion in December, up $200 million from 1958, the previous record...
...penchant for luxury goods, ranging from Tiffany & Co.'s gold martini mixer ($2,000) and Black, Starr & Gorham's gold tea set ($30,000) to Lord & Taylor's Hong Kong silk lounging pajamas ($79.95) and gold-plated toothbrushes ($5). "Anything with a gimmick sells very well," said Dominic Tampone, president of Manhattan's Hammacher Schlemmer: "This always happens in a high economy. You give a person something he wouldn't normally buy for himself...
When the subcommittee asked Merck & Co.'s President John T. Connor for an explanation, he was well prepared. The big companies, said he have different selling costs for individual sales and bulk sales to Government, could not stay in business if they sold to everybody at the same price. Connor turned out to be such an expert witness that Kefauver complained : "Every time I ask you a question you start reading." Replied Connor, who had 22 assistants with him and had spent six months getting ready to testify: "I thought I would do you the honor of coming well...
...major segment of Germany, and fought the Russian blockade of Berlin. Since he joined Continental in 1950, he has used the lessons of his military engineer's career to triple Continental's sales (to $1.1 billion) and earnings (to $41 million), drive it from second place, well behind American Can, into position as the big gest U.S. container company. Last week General Clay pulled off an important maneuver: he settled with the Steelworkers Union for a threeyear, 28.2?-an-hour package, thus averting a possible strike...
...price of settlement, Continental Can- and rival American Can- will raise prices. But for Old Strategist Clay, that is only withdrawing to a well-prepared position. Continental has made two price cuts, totaling 3%, in the last year, will have to restore only 1½% to meet the price hikes. "On the whole," says Clay, "prices will still be below the level of early...