Word: undersold
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Dates: during 1940-1949
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...London merchants sold their gems not at the pegged pound rate, but for cheaper pounds in the free money market in Tangier, thereby losing Britain many dollars. But the dealers had little choice. If they had sold their gems at the official rate, Dutch and Belgian dealers would have undersold them...
...government's power programs have been to increase the country's capacity and to bring this new electricity to areas which had inadequate power or no power at all. The reduced rates also proved the elasticity of demand for electricity. Private companies, who complained that they were being undersold, reduced their prices and found that they made more money...
Closed doubles was also in the same undersold condition yesterday, with a single pair now the automatic winners by default. Six teams, however, are listed for the unrestricted class...
...Hamburg (where competition had grown too heavy and the police too strict), he had a little trouble. The newcomers, working in large groups at freight yards, netted several tons a night and sold them through a central organization at fixed prices. They disliked small-time operators like Klaus, who undersold them. But after a little rough stuff, Klaus agreed to conform to the pros' price schedule, and everything went smoothly until the first disastrous signs of spring...
...with full-page ads proclaiming that "NOBODY BUT NOBODY HAS EVER BEATEN GIMBELS AT ... KEEPING PRICES DOWN." Gimbels' case: on $41,861,000 worth of goods sold between Feb. 1 and Sept. 30 (a rise of 50% over the same period in 1945), Gimbels, said he, had consistently undersold Macy's; Gimbels' overall average markup was only 31.47%, about 1½% under Macy...