Word: middlemen
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Dates: during 1950-1959
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...Thomas and others, the committee discovered nickel was so short even such giants as General Electric and Westinghouse were buying in the black market. G.E.'s small-appliances division, for example, paid Thomas $4.50 a Ib. for 10,000 Ibs. of nickel anodes which had passed through three middlemen before Thomas got the metal...
...Price Boss Mike DiSalle brushed away these arguments. To him, the vaunted "delicate mechanism" of the cotton futures market is just a device to enable speculators and middlemen to get rich. Production would not be cut by the freeze he said, because farmers could make good money with cotton at 45? a lb. (the pre-freeze U.S. price). Without a freeze, he added, prices would rise from 20% to 30%, and speculators would profit...
...even cheaper by making still more of their goods. They started "Quaker Maid" factories to make A & P's own "Ann Page" preserves, peanut butter, etc. They set up their own American Coffee Corp. to buy direct from the growers in Brazil and Colombia. Still trying to eliminate middlemen, they set up their own Atlantic Commission Co. to buy the stores' produce. They started their own bakeries, candy and pastry shops to turn out everything from a $1 birthday cake to a $500 frosted reproduction of the Staten Island Ferry slip. They started new "combination" stores handling meats...
...American League, Matthews North beat Thayer Middle, 13 to 0. This was the Middlemen's fifth straight loss...
...exchange, according to Anthony G. Oettinger '51, chairman of the Senior Advisory Committee of P.B.H., is "designed to eliminate losses in book-selling profits due to service charges, or hikes in the prices of used books due to the markup of various middlemen...