The Waltham Watch Co., which closed down its plant four months ago, had the cash to get started again. But there was one last obstacle. It had on hand 185,000 watches, enough to satisfy the market for some time, and block the new line Waltham wanted to bring out. Last week Waltham found a quick way to get rid of them. It made a deal with the Associated Merchandising Corp. to clear out all the watches it could at half-price through A.M.C.'s 24 retail outlets.
When Boston's William Filene's Sons Co. opened the first...
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