Word: cash
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Dates: during 1950-1959
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...strikers; many a steelworker has taken advantage of the strike to paint the woodwork and put up long-postponed shelves. Stores that grant credit freely have fared much better than those with no credit plans. "We're hurting and hurting bad," says Assistant Manager Robert Engler of a cash-only dime store on downtown Federal Street. But Bertram Lustig, owner of seven Youngstown shoe stores, says that "surprisingly, September was a pretty fair month. What saved us was credit. We've sort of become a bank...
...Spot of Cash." In time, he set up headquarters in Zurich, where an auburn-haired beauty-shop owner named Trudi Sommer, 29. was only too happy to have him share her apartment. She thought he was a Canadian test pilot named Johnny Bird. Then, one night last January, for reasons he was never quite able to explain, Hume wandered off to a church, where he drank up all the communion wine. Next morning, armed with a pistol, he turned up at a small branch of Zurich's Gewerbebank to help himself to "a spot of cash...
Winner Frager won a $1,000 cash prize and engagements with the New York Philharmonic and the Buffalo, Cleveland, Denver, Detroit and Pittsburgh orchestras. Three times a Leventritt finalist (in 1955, '56 and '57), Frager has played with the Detroit Symphony and other front-ranking U.S. orchestras. The son of a stocking manufacturer, he started playing the piano at four, was giving recitals in his native St. Louis when he was six. By the time Frager graduated with honors from Columbia (major: Russian) he had already won several piano prizes, and taken a turn about a European concert...
...Treasury Department, which has had trouble raising the cash it needs, last week found a way to tap some new money. It issued $2 billion in four-year, ten-month notes at an interest rate of 5%, the highest since the tight-money days of 1929. The rate was so attractive that an avalanche of subscriptions poured in from small investors. Said New York's Manufacturers Trust: "It was fantastic. Everyone in the Government bond department was too busy to even go out for lunch." To help lure in individuals, the Treasury guaranteed that subscriptions...
...forces with another Berlin refugee, a sharp lawyer named Friedrich Grunwald. Operating H. Jasper & Co., the two began to move fast, using the take-over expert's favorite tactic: after acquiring the controlling shares of a company, they would sell off its property, lease it back, use the cash acquired to buy more companies. H. Jasper & Co. gathered up blocks of apartment houses, movie theaters, billiard halls and a tannery, raked in high profits from one speculative deal after another...