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...will use the money to expand its 26 plants around the world and to finance more of the electronic THINK machines that it leases and sells. Stockholders rushed .to snap up the new issue. Those who did not subscribe sold their rights for an average $8.50 each. Thus, for about $85, brokers could get the ten rights needed to buy one new share at $220. Many of these rights were bought by Wall Street's Morgan Stanley & Co., manager of the 255-firm investment syndicate underwriting the issue. Using the rights, Morgan Stanley picked up a block...

Author: /time Magazine | Title: WALL STREET: IBM's Bargain Sale | 6/3/1957 | See Source »

...Cleveland Indians scored two runs in the eighth to down the rampaging Chicago White Sox, 4 to 3, and snap the Chisox winning streak at nine. Detroit and K.C. were rained...

Author: NO WRITER ATTRIBUTED | Title: National Sports | 5/25/1957 | See Source »

...going to convey disapproval." He even holds that what he learned about women from the Police Gazette was educational. And what is left of the child's fine art of doing nothing? "Many many hours of my childhood were spent in learning how to whistle . . . how to snap my fingers. In hanging from the branch of a tree. In looking at an ants' nest. In digging holes. Making piles. Tearing things down. Throwing rocks at things." He sees too many bored kids around now, and he makes a nice distinction: "Being bored is a judgment you make...

Author: /time Magazine | Title: Books: Pop Is No Pal | 4/22/1957 | See Source »

...snap nearly 2 billion photographs with 59 million cameras in 1956, Americans spent a record $982,897,000. Last week, as 100,000 camera fans jammed the Second Biennial International Photographic Exposition in Washington, D.C., the picture was even bigger: more than $1 billion will be spent in 1957. Crammed inside the National Guard Armory were 30 acres of displays by 154 U.S. and 84 foreign exhibitors, the biggest collection of camera gadgetry ever assembled...

Author: /time Magazine | Title: MODERN LIVING: Picture of Progress | 4/8/1957 | See Source »

Even with Humphrey lending congressional cutters aid and comfort, the total cuts in the budget will certainly be a lot less than Byrd's $6.5 billion, proving again the old rule that the snap of Congress' scissors is sharper than the snip. Foreign aid seems sure to be slashed unless the President comes to its rescue. But on the domestic front, indiscriminate congressional pork-barreling, logrolling, and horse-trading are almost certain to add some unnecessary fat, partly making up for whatever fat-and lean-is trimmed...

Author: /time Magazine | Title: National Affairs: Snap & Snip | 4/1/1957 | See Source »

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