Word: bait
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Dates: during 1960-1969
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...years ago, Peking unsuccessfully tried to use a $196 million trade pact as a lever to secure diplomatic recognition. When the Japanese government stubbornly withheld recognition, the Chinese peevishly broke the pact and flooded Japan's Asian markets with cut-rate textiles and consumer goods. But the Chinese bait is nonetheless as enticing to many Japanese as is the Russian talk of the offshore islands...
...DIVIDEND BAIT was offered Baltimore & Ohio stockholders by the Chesapeake & Ohio Railway to push the tenders it holds for 55% of B. & O. stock to 80%. After winning battle for control against New York Central, C. & O. extended stock-trading offer for 30 days and added a lure: C. & O. guaranteed B. & O. takers the $4 per share annual C. & O. dividend as of Jan. 1, if deal goes through. B. & O. pays only...
Entomologists have known since 1913 that an essence extracted from the abdomen tips of female gypsy moths would bring excited males from as far as half a mile away. For years they used this natural extract as bait in traps set out to locate colonies of the destructive moths, but the stuff was much too scarce for more than small-scale...
...fluttering out of the woods. When the potent oil was analyzed, it proved to be a surprisingly simple chemical (10-acetoxy-1-hydroxy-cis-7-hexadecene) that can be synthesized for $5 per Ib. Dr. Jacobson has about 1 Ib. on hand. If it were diluted and used to bait traps at the present rate, it would last for 300 years, but the Department of Agriculture has bigger ideas. By liberally sprinkling an infested area with synthetic sex lure mixed with poison, it hopes to exterminate the gypsy moth males, dooming the females to chastity. If this tactic works...
...borrowing technique called advance refunding which it has not used in five years. The Treasury is offering holders of $12.5 billion in World War II bonds which mature between 1967 and 1969 the chance to turn them in for new bonds which will mature in 20 to 38 years. Bait to the bond owners is a 3½% interest rate on the new bonds (v. 2½% on the old ones). Treasury hopes $3 billion to $5 billion of the old bonds will be converted to the new issue. Chief advantage to the Treasury is that the plan will extend...