Word: stocking
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Dates: during 1950-1950
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Like canny traders trying to decide how much to invest in a likely stock, experts from the Department of State and the Export-Import Bank wrangled over a proposed Argentine loan last week. State recommended a credit of $125 million, so that Argentina could fund her commercial debts and begin buying badly needed U.S. farm machinery. The Ex-Im negotiators, not entirely convinced that Argentina could handle and pay back a loan of that size, argued that $65 million would be enough to restore Argentine credit. For the moment no decision was reached; the dickering continued...
About 55 enthusiastic free enterprisers promptly applied for the ten licenses. They included a dozen newspapers, two chambers of commerce, the Tokyo Stock Exchange, a brewery, two Christian groups, and an organization called the Buddhist Broadcasting Co. Co-existing with the new private stations is government-owned, non-commercial Nihon Hoso Kyokai (Japanese Broadcasting System), noted before the war for propaganda, folk songs (Naniwabushi) and horrendous singing programs for children. NHK is now dedicated to popular music, variety shows, quiz programs and drama...
...president, was serving his own apprenticeship.) When 75-year-old Adolph Ochs suffered a breakdown in 1933, Sulzberger temporarily ran things. After Ochs died in 1935, Mrs. Ochs (who died in 1937) and Mrs. Sulzberger got life interests in the trust he had set up for the block of stock that controls the Times. Named as trustees were Iphigene Ochs Sulzberger, Sulzberger and Adler. By giving control of the trust to Mr. & Mrs. Sulzberger, Publisher Ochs had chosen his successor...
...treacherous, and there was word of snow in the passes. A veteran road-racer himself before he got too busy with his textile business, 55-year-old Father Marzotto knew about such things. But this race was the Mille Miglia, Italy's most important road contest for stock cars, and the Marzotto brothers were determined to drive their Ferraris in the big international field of 383 drivers, many of them Europe's top professionals. As it turned out, race day last week was a great day for the amateur Marzottos...
...company man has appeared on the board. Henry Ford II thinks the company can learn something from Sales Expert David, who was president of American Maize-Products Co. from 1932 to 1941, is already on the board of the Ford Foundation, which owns 82% of Ford Motor Co. stock. For his part, Dean David expects that his Ford experience will provide him with good classroom material...