Word: chunk
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...price of Chatco as it did Great Sweet Grass Oils only three weeks before (TIME, Nov. 5). But the short sellers made one big mistake: they failed to realize that Chatco has only 160,000 shares outstanding. Shannon owned about 36,000 shares, and the Leonhardt interests a big chunk of the rest, leaving few shares around for trading. When the suspension was announced, the stock dropped from 16⅛ to 10, but only for a few hours. The Leonhardt interests began to buy, and it started up again, causing some shorts to panic and buy in order to cover...
...Robert Edmonds Kintner, 47, was elected executive vice president in charge of color television at National Broadcasting Co. two weeks after his resignation as president of American Broadcasting Co. (TIME, Oct. 29). In order not to forfeit a chunk of his $300,000 severance check from ABC, Kintner will not start his new job until Jan. 1. He will try to improve and expand NBC's color programs in hopes of boosting the lagging sales of color TV sets (TIME...
Full Speed Ahead. On Truk. in the Caroline Islands, War Surplus Salvager Oliver C. Stine ordered a native workman to chop apart an awkwardly shaped, 1,000-lb. chunk of rusted scrap, took over the acetylene torch himself when the workman failed to make satisfactory progress, got positive results whenthe object's outer casing began smoking and split open, hurriedly stopped salvaging when he peered inside, recognized a Japanese torpedo warhead...
...between member nations certain goods would still be subject to tariff. Under such an arrangement the British could exchange manufactured goods tariff-free with the rest of Europe, but would still be able to maintain imperial preference on food, fodder, drink and tobacco-goods which make up a substantial chunk of Commonwealth exports to Britain...
...stubbed little toe-the result of indulging in the unusual pastime of trying to place-kick a hefty chunk of cinder block-caused University of Washington Sophomore Anne Quast, 18, considerable pain, but she limped through the 36-hole final of the women's Western amateur championship at the Guyan Country Club in Huntington, W. Va. to beat Defending Champion Pat Lesser...