Word: sell
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Dates: during 1960-1960
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...what the outcome will be-and it will not matter." Of all the puppets on the Broadway stage-the psychology-prattlers and so-ciology-spouters, the junkies, the drunks, the rebellious adolescents, the child-eating moms, the vicious generals and sweet-souled "liberals," the organization men who want to "sell out" and the staunch little women who won't, the inarticulate minorities and their articulate champions -of all these, the most significant are the puppets maneuvered by Tennessee Williams. At times they have been stunningly lifelike, and once or twice Puppeteer Williams has put on a rattling good show...
...Treasury will sell up to $1.5 billion, if possible, of the 25-year bonds, but privately will consider the issue a success if it sells only $500 million worth. With the new bonds, the Treasury will also issue $2 billion in 4% notes, thus take care of its major cash needs until mid-May. The Treasury thinks that the long-term bonds should sell well, since the yield on Government bonds last week was under 4¼%. But if the bonds do sell well, it will just about end the Treasury's hopes of getting Congress to eliminate...
...company got its start in 1874, when a brash youth named Richard Joshua Reynolds, wearing a tobacco-stained mustache that belied his 21 years, took his profits from a family tobacco business, set up his own business at Winston to sell chewing tobacco among the back-country folk. He did so well that by 1888 he was worth more than a quarter million dollars...
Through their wholly owned company, Slayton Associates, the Slaytons were supposedly the investment advisers to Managed Funds, and collected more than $1,000,000 in five years for deciding what stocks the fund should buy or sell. In fact, said SEC, the Slaytons made no market decisions. They let Stephen M. Jaquith of Manhattan's Model, Roland & Stone brokerage firm choose what stocks to trade-and also gave Jaquith Managed Funds' brokerage business. Jaquith's commissions: $1,188,155. Another Model, Roland & Stone employee, who collected $240,831: Harold W. Smith, Hovey Slayton's brother...
...Slaytons stepped out under SEC fire, the control of Managed Funds was up for grabs. A New Jersey mutual-fund and investment operator, Morris M. Townsend, moved in quickly, took an option to buy the old Slayton sales firms if he won the proxy battle, hired Slayton salesmen to sell Managed Funds shareholders the Townsend case. The Channing Corp., headed by Kenneth S. Van Strum, which operates eight mutual funds worth $218 million, challenged Townsend. It pointed out to Managed Funds' stockholders that, if Townsend won, the Slaytons would reap another profit through the sale of Slayton firms...