Word: margining
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...Baltimore firm of W. T. Shackelford & Co. lost National Distillers-policies between $70,000,000 and $80,000,000. Through Joseph P. Kennedy came policies insuring Scotch whiskeys in overseas transit. "Jimmy became, by a wide margin, the biggest whiskey-insurance man in America...
...buying Philip Morris stock. In 1931 they had control, got into the 10? field with a cigaret called Paul Jones. But they found themselves making little from Marlboro because a 20? cigaret has only a limited sale, making less from Paul Jones because it had too small a profit margin for big earnings despite its sales of some 2,000,000,000 in 1932. Rube eyed the 15? field dominated by Camels, Lucky Strikes, Chesterfields, Old Golds. He had already tried, with dismal failure, to crack this field with a 15-center named Unis. His second try was Philip Morris...
...packs for a quarter). Philip Morris never does and swears it never will. In some States price-maintenance laws insure this policy; in others Philip Morris relies on its good dealer relations to maintain the 15? price. This price stability assures dealers their approximate 2? per pack profit margin with Philip Morris and they tend to push it harder, give it better displays, etc. Conversely, with its prices rigid at a high level, Philip Morris has more money per cigaret to spend on tobacco and manufacture. Even so, it probably could not have gone over but for two circumstances...
...Open record with a score of 281 last year. Now, comfortably employed as pro at New Jersey's Braidburn Country Club, he is the first golfer since Bobby Jones to win the Open twice in succession. Only one golfer before him ever won by a bigger margin (Jim Barnes by nine strokes...
...present, the Crimson leads the field by a percentage margin with a record of seven wins and two losses with three games left to play. Dartmouth has won eight and lost three, and Saturday's game is her final contest. If Harvard can win the game, it is at least assured of a tie for the title, even if it should lose its remaining games with Yale...