Word: munsingwear
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...Munsingwear feels the pinch
...Munsingwear Inc. of Minneapolis increased its production of men's long underwear this year by 50%-and still has orders for more warm snugglies than it can make. Big-city grocery stores are selling boxes of coal for the first time in years. Flannel sheets are in demand as Christmas gifts. The ten Lazarus Department Stores in Ohio and Indiana are selling electric blankets at a fast pace. Says Lazarus Vice President Leonard Daloia: "Folks haven't forgotten last year...
...Paris, Kentucky bourbon is sometimes to be found at a price, because U.S. distillers a few years ago set up the Bourbon Institute (it is not a university) to promote exports. In Tokyo, the Japanese can buy Munsingwear undershorts, though U.S. textilemakers complain that the Japanese underprice them around the world. The Chun King Corp. of Duluth, Minn., recently began shipping chow mein in cans to Formosa. In less bizarre ways, too, some resourceful U.S. businessmen are expanding exports, which in the second quarter hit $5.5 billion, up 10% from 1961's second quarter. June was the best month...
...tour, Palmer's four suitcases bulge with free Munsingwear shirts (36 of them), Foot joy shoes (eight pairs for golf, seven for dress) and Sun State slacks (30 pairs). The National Newspaper Syndicate is now distributing Palmer's column on golf, and he is now completing negotiations for television commercials for L & M cigarettes (which he puffs by the pack on the course). Like the other top 26 pros, Palmer gets free use of a white 1960 Pontiac (the finicky Finsterwald turned his back in, bought a blue Cadillac coupe equipped with everything but a practice green...
...Other dividend cutters were Sperry Corp., farm-machinery maker Deere & Co., American Rolling Mill, undie-maker Munsingwear...