Word: suez
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Although he praised Dulles' foreign policy, Curtis felt the Administration's handling of the Suez crisis "may be motivated partly because it does not want any eruptions before...
...constitution reconciling their "regional aspirations" with his centralizing policy. The British were delighted. Having decided on the big gamble of granting the Gold Coast independence within the Commonwealth, they were keen to get things moving quickly at a time when others were damning them as colonial-minded over Suez...
...York and London financial markets last week there was a new speculative favorite: the Compagnie Universelle du Canal Maritime de Suez. After a drastic drop from $260 in the wake of Nasser's nationalization of the big ditch, the shares have finally begun edging up and last week reached $182, four points above crisis low. Said a London dealer: "Since the crisis there have been many more canal buyers in London than before. Shares used to change hands by the fifties and hundreds. Now they change hands by the thousands...
Actually, buying the Suez Canal Company's shares now makes excellent sense to speculators. Whatever happens to its canal holdings, the company possesses a shrewd management and impressive assets outside Egypt. Long before Nasser took over, the company had been preparing to get out. Anticipating the end of the 99-year concession in 1968, it bought back more than half the original shares for redemption, paying off in cash and new limited-dividend shares. The company has also been diversifying into foreign investments, today holds shares in some 700 corporations all over the world, with an estimated book value...
AMONG the world's great waterways the mighty Mississippi, Germany's strategic Kiel Canal, the vital Panama and troubled Suez are all familiar names. But one waterway with more importance than fame is a muddy, undramatic complex of barge canals and shallow channels rambling 1,116 miles around the U.S. Gulf Coast from Brownsville, Texas to St. Marks, Fla. It is the Intracoastal Waterway, tying the entire Gulf Coast area into the nation's vast, 28,000-mile system of waterways. For Southerners it is a chief reason for the greatest boom in Gulf Coast history...