Word: fractionation
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...every transport plane in South Viet Nam for days. Though the effort succeeded, and by week's end supplies were rolling daily from Qui Nhon to Pleiku, the magnitude of the effort underscored how thoroughly the Viet Cong have chopped South Viet Nam into isolated shards. Only a fraction of the nation's 4,000 paved miles of road are freely passable; of more than 600 miles of railroad trackage, a mere 100 remain usable...
...strengthening; last week the Treas ury announced that the sterling area's gold and foreign currency reserves rose $165 million in May, to a two-year high of $2.9 billion. By week's end the pound rallied on the world money markets and climbed to within a fraction of its $2.80 par value...
Thomas L. Pitts, secretary-treasurer of the California A.F.L.-C.I.O., accused growers of acting "like pampered chil dren sitting back with a steady barrage of crybaby pleas that their crops are about to rot. If they would demonstrate only a fraction as much interest in their workers as they do in their crops, the labor problem would evaporate...
...Equals $12 Million. In 1962 Tino set out on a fantastic scheme to corner the entire market in soybeans. He plunged into commodities futures, a frantic market of paper and promises, where fortunes are made or lost on fluctuations of a fraction of a penny. Betting that the price of soybeans would rise, Tino bought huge contracts for future deliveries of soybeans from other speculators who in turn were betting that the market would fall. He was helped by the fact that commodities markets work on bargain-basement margins of 5% to 15%-that is, big traders need...
...NAVY. Of the Navy's 667,000 men, only a fraction are presently involved in either Viet Nam or the Dominican Republic. Some 27,000 of the Seventh Fleet's 64,000 men are on duty in the South China Sea and 9,900 men of the Second Fleet's complement of 20,000 are stationed in the Caribbean. Elsewhere, the Navy has the Sixth Fleet, with 50 ships, 200 planes and 25,000 men in the Mediterranean, and the First Fleet, with 90 ships, 420 planes and 60,000 men in the Pacific...