Word: auctions
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Dates: during 1960-1969
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...Metropolitan Museum buys Rembrandt's Aristotle Contemplating the Bust of Homer for $2,300,000 at public auction...
...source of great increases in private fortunes over the past several decades has been Government privileges." For example, the issuance of radio-TV licenses is "an enormous giveaway of valuable capital sums to individuals who are not low-income people." Friedman also holds that the Federal Communications Commission should auction TV channels to the highest bidder and thereafter stay out of the picture...
...pressure mounted during the countdown to last week's sale of leases, Anchorage (pop. 113,000) became a haven for industrial spies and counterspies, almost suggestive of Lisbon in the 1940s. The state had put on the auction block 179 tracts of land, totaling 450,858 acres, some of it reaching out under the Arctic Ocean. The rules demanded sealed bids for each tract, to be submitted no later than the morning of the sale...
...walking practically unnoticed on the University of Texas campus, going into the Johnson City Bank for a chat with A. W. Moursund, his old friend and business partner. He turns up horseback riding on the ranch, inspecting his herd of Herefords, watching a cattle sale at the Round Mountain auction ring. In short, he has cut himself off from all appearances where he would be the center of attention...
Cheaper at Auction. The interest declines were small but widespread. Rates on bankers' acceptances-corporate promissory notes issued to finance goods in transit or storage with payment guaranteed by a bank-fell by ¼% to 8%. In the bond market, Treasury bills sold at an average 6.86%, down from a peak of 7.22% last month. Pacific Northwest Bell Telephone sold $75 million in debentures at 7¾% compared with a 7.9% rate on the last Bell System bond offering in July...