Word: bonanza
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Dates: during 1960-1969
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...American undertaking, with 45% going to the U.S. partner. But last March, when Madrid decided to strengthen its bid for a link with the Common Market, it seemed a good idea for Spain to show itself as Europe-oriented by offering Common Market companies a piece of the Sahara bonanza. That piece, of course, was to come out of the American share. I.M.C. was first to guess what was going on. Boldly, it lowered its demand for 45% participation...
Greyhound's turn to diversification began in 1962, when Chairman Frederick W. Ackerman, fearing a leveling off of bus travel, began searching for new uses of Greyhound's cash. His first bet became a bonanza. For $14.7 million in stock, Greyhound bought San Francisco's Boothe Leasing Corp., which had been earning $400,000 a year mainly by leasing railroad freight cars and locomotives. Ackerman began buying jetliners-and made money when the credit-shy airlines started cashing in on the jet age. The subsidiary's earnings have zoomed 1,300%, to $6.2 million...
...commercials are improving; but regularly scheduled programs are still as vapid as ever. Mindless game shows and cheery-teary soapers dominate daytime television. Prime-time TV (7:30-11 p.m.) is hardly more satisfactory. The top-rated Nielsen shows for 1966-67 are either tired adventure series such as Bonanza and Dragnet or low-IQ sitch-coms on the order of Beverly Hillbillies and Bewitched. The only steady programs that offer the hope of entertainment are Old Standbys Red Skelton, Jackie Gleason, Ed Sullivan and Dean Martin-and movies, for which TV can claim no creative proprietorship. The only spice...
...show itself, aired on ABC-TV, won the ratings sweepstakes over NBC's Bonanza and CBS's The Smothers Brothers Comedy Hour. More important, as Cohen happily pointed out, "virtually every play in town reported a healthy spurt at the box office." Daily ticket sales for The Homecoming, produced by Cohen, which averaged $3,500 since the play opened three months ago, reached $10,000 the day after the Tony awards...
Though neither bulls nor bears seem in control, the market's hefty volume has turned it into a broker's bonanza. Ten-million-share days were once a rarity (before 1966 there had been only eleven in Wall Street history). This year, the market has not only reached that volume on 28 of its 48 trading days, but has averaged 10,039,572 shares a day-a 33% jump from last year's record daily volume of 7,500,000 shares...