Word: marketed
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Dates: during 1960-1960
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EUROPEAN STOCK MARKETS are losing their bullishness. Value of stock on the Milan Exchange has declined 40% in past four months. Paris Exchange has slipped 10% since its 1960 high last August; London has retreated 12% from record peak. Only West German market is still strong, is expected to finish the year with stocks 29% above 1959. One result of the decline: less U.S. money and gold will go abroad...
...projects is that it is designed to house only retired people-at a profit. Prices will start at $8,000 to buy a living room-bedroom apartment, plus a $112.50-per-person monthly charge for meals and maintenance. The builders of Rockledge are so enthusiastic about the vast new market to house the elderly that they plan to spend another $87.5 million to build similar projects in 14 other states...
Exploding Market. The number of private projects to provide housing for the elderly is growing fast; Social Security payments and company pension plans make it possible for more and more of the retired to live in such developments. One-fourth of the 15.5 million U.S. citizens over age 65 receive between $1,000 and $2,000 a year from Social Security and pensions. Their ranks will swell as pension plans expand and the number of those over 65 soars to 20 million by 1970. Recognizing the possibilities, the Federal Housing Administration has given the housing projects a boost; it guarantees...
...young company's biggest problem was assuring a steady flow of raw aluminum for its fabricating plant. In 1955 that problem was solved when the Government, which wanted to increase aluminum capacity outside the Big Three, guaranteed a $40 million bank loan to Harvey. To assure Harvey a market, the Government also agreed to buy up to 54,000 tons a year for five years, beginning in 1959, of Harvey's primary aluminum output for U.S. strategic stockpiles. Since the reduction plant's capacity is only 60,000 tons a year, this was a healthy demand-cushion...
Directions '61 (ABC, 1-1:30 p.m.). The religious series offers an adaptation of Henri Ghéon's Christmas in the Market Place...