Word: account
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Dates: during 1960-1969
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European bankers, who consider Martin the most prescient economic seer in the U.S., opened the week with a burst of sell orders. Small investors at first did little selling, but nobody did much buying, either. The pension funds, mutual funds and insurance companies -which account for about one-third of all trading-conspicuously sat on their millions and waited for stocks to fall still lower in hopes of scooping up bargains. At midweek individual investors began to unload; larger numbers of 100-share and 200-share transactions danced across the illuminated ticker tape in the stock exchange...
...puts down only 25% and finances the car over 32½ months. Personal loans, like the kind Lyndon Johnson took out to help pay his income taxes, have also risen sharply, to $16.5 billion. Revolving credit in department stores, now $2.5 billion, has doubled since 1961. Credit cards still account for only $633 million, but are climbing by 20% a year...
...Germans are scurrying to catch up with other European steelmen; sea side plants already account for nearly 20% of the Common Market's steel production. France's Usinor opened a 1,500,000-ton mill at Dunkirk in 1963, and a consortium of Belgian and Luxembourg firms is busy building a 1,500,000-ton plant on the Ghent-Terneuzen Canal. Even Portugal has put up an efficient small works on the water at Seixal...
This year's Harvard team, however, isn't the same as the one last year's reunion class saw hammer out a 3-2 win over the Bulldogs in a game called after six innings on account of rain. That team won 21 games, lost two and tied one, and went undefeated in Eastern League play, for Harvard's best baseball record in 80 years...
Scientists Arno A. Penzias and Robert W. Wilson of Bell Telephone Laboratories were determined to account for all the radio energy that finds its way into the 20-ft. horn antennas at Holmdel, N.J., that Bell built for talking to the Telstar communication satellite. At the microwave frequency the horn was tuned to, 4080 megacycles, radio waves from the stars and galaxies were all but undetectable, and tests with a ground transmitter proved that waves from the earth's surface could be disregarded. Still, signals were coming in. What was their origin...