Word: load
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Meeting a Spy. Set down at Constanza by Juan de Dios Ventura Simó, a Dominican air-force captain who purportedly defected to Trujillo's Cuba-based opponents in May, the C46 load of rebels fanned out into the hills to begin a hot running fight. Five days later, Ventura Simó, freshly decorated and newly promoted to colonel, sat down in Ciudad Trujillo at a government microphone to read a statement that he had been a spy all along, had delivered the rebels into a trap. After the broadcast he appeared at a Foreign Ministry reception...
Fueling Facts. In England, a booklet just issued by the National Coal Board explains how to shovel coal: "Examine the shovel, approach the coal, grasp the shovel, make a forward stroke, raise the load, swing the shovel in the direction in which the coal is to be thrown...
...writ by which a court of review brings up a case from a lower court. To reduce the Supreme Court's work load of unimportant cases, Congress in 1925 greatly increased the court's power to decide which appellate cases it would hear. By 1929 the court had cut through its backlog...
...biggest attraction of the mutual fund to dealers and salesmen alike is the hefty "load" charge, or commission, usually 71% to 81% (compared with the 1% commission for round-lot purchases on the New York Stock Exchange). Many a customer howls when told of it. But the funds have a quick rejoinder: they argue that the charge includes the cost of selling out as well as buying, is the price of broad diversification and professional management. If an investor with $4,200 (the average size of a mutual fund holding) tried to buy a diversified portfolio of stocks...
...year of a $100-a-month ten-year contractual plan is docked for about $500, or half the entire ten-year commission, in the first year. If the investor drops out in the first year, he loses most of his $500. The funds claim that this big "front-end load" is an incentive to steady saving, but some funds think that such juicy commissions are completely unjustified. Says John Dalenz, vice president of Calvin Bullock, Ltd.: "Why not give those salesmen a blackjack and let them take your entire wallet...