Word: chaining
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Dates: during 1930-1939
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...increasingly costly conveniences offered by retailers (credit, free delivery, Smith girls behind the counter, swank salesrooms, return privileges), they suggested "differential pricing," by which an article would have several prices, according to the number of these conveniences a consumer wanted to pay for. Judged undesirable: monopoly, legislative attacks on chain stores, and State legislation discriminating against out-of-State business...
...management virtually became its receivers: cagey Standard Oil of California Director Philip Halsey Patchin and solid Pacific Gas & Electric President James Byers Black. They fired Director Connick (annual salary: $17,500) and hired*(at no salary) a new director, smart, baldish Dr. Charles Henry Strub, onetime ball player and chain dentist, present-day Santa Anita race-track operator...
...last two years the Scripps brothers have got rid of two of their newspapers, cutting their chain down to eight. Weakest of these has been the Portland (Ore.) News-Telegram, chief loser in a circulation war between Portland's other two papers, the morning Oregonian and the evening Oregon Journal. To boost the Journal's falling circulation, its shrewd business manager, Simeon Reed Winch, last week did the smartest thing he could do: persuaded the Scripps boys to fold their News-Telegram and took over (for a reported $600,000) its features and circulation. After eliminating duplication...
Three years ago Phoenix became interested in Loft, Inc., a $10,000,000 Manhattan candy-&-restaurant chain. It lent Loft some $600,000. It also dug into its strongbox for collateral on which Loft borrowed another $400,000 in bank loans, further backed up by Phoenix' endorsement. For such help in a crisis Phoenix got options on 300,000 shares of Loft at $1.50, on 200,000 shares additional at $2. But since Loft had lost money every year since 1934 this did not look like too promising an investment. Last year Loft stock got down...
...Coca-Cola). But it will have to be a long war. Last month, with a year's supply on hand or under contract, Pepsi-Cola extended its war hedge, contracted for a full three-year supply. Meanwhile, there has been no indication that Loft's restaurant chain has ceased to lose money. But, with Loft stock selling as high as 16 5/8 even in last week's war-depressed market, Phoenix had $6,000,000 paper profit on its options...