Word: markdowns
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...read treatises on precious stones, used jewelers' tools to break up or remake stolen jewelry. To avoid the underworld markdown on hot goods, he printed up cards which bore his name and the legend "Felix P. Jacobson Co., 5 South Wabash, Chicago, Ill."-an active firm whose name he had simply appropriated. He posed as a legitimate salesman and always demanded list prices for stones...
...lately spineless Star told less than the whole truth. It had just been swallowed-but did not say so-by the affluent and conservative Seattle Times, which would now have the afternoon field all to itself. For the Times (circ. 176,000), the deal was a bargain: at the markdown price of $360,000 it got the Star's precious newsprint contract. It also nipped young David T. Stern's threat to buy the paper and restore the lusty liberal voice that its late founder, E. W. ("Lusty") Scripps, gave...
...almost 50% ($14 to $7.50 a sq. ft.) in Fair-owned buildings; 2) cut ground rentals 10% for those who had built their own buildings; 3) offered a 50% rent cut to all States exhibiting; 4) advertised sites in the Fair's Town of Tomorrow at a 30% markdown; 5) abolished all charges for removing garbage...
...economic tie-up with Russia might enable her to reduce her 1938 purchases here ($107,588,000, down from an average of $400,364,000 in 1926-30) to zero. Perhaps more important to U. S. trade was what the crisis did to the British pound. The precipitate markdown in the price of the pound sterling (it hit $4.12 early this week) makes British goods some 10% cheaper in world markets than they were August 1. If the crisis passes without the war the pound is not likely soon to return to $4.86 or even $4.68. So unless the dollar...