Word: carton
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...birthday festivities in Bonn's Beethoven Hall, former Chancellor Ludwig Erhard recalled his crucial 1948 decision to close West Germany's banks and deal no more in grotesquely inflated reichsmarks (1,000 for a carton of U.S. cigarettes). As economic boss of occupied West Germany, Erhard courageously exchanged only 6½ Deutsche marks for every 100 of the old marks, thus wiping out the cash savings of most of his countrymen for the second time in a generation.* A laissez-faire economist, Erhard followed currency reform by abolishing price controls and rationing. "The only chance I had," said...
...with a check for up to two months' pay. Western Electric pro vides full differential pay for the first three months of active duty, plus an other three months for each of an employee's dependents. Philip Morris's men get profit sharing plus a free carton of cigarettes each month...
...from scruffy diners to B-girl bars, across Hackensack Meadows on Fish House Road, around rail-truck terminals. In the long hide-and-seek, the cars got separated, and the chief feared for Wally's life. But Wally played his part well. He later emerged with a carton of counterfeit drugs, evidence for which he had paid...
Same Old Ways. Lou Ward was a Kansas City carton manufacturer making Stover candy boxes when he recognized Stover's potential. He raised $7,500,000 to buy out the partners. Keeping control of 47½% of the stock himself. Ward got out of debt in three years, meanwhile consolidating Stover operations, increasing the sales force, and gradually raising prices until a standard 1-lb. box of assorted chocolates now costs $1.70 (v. $1.40 in 1960). Ward has quadrupled the number of Stover retail outlets to 348; the company also wholesales to 5,150 drug and department stores...
...Arab world. Egypt immediately prepared to shift nine bottling plants from Coke to something called "Nasr (for victory) Cola." When Iraqui-born Mohammed Mahdi, head of the Manhattan-based American-Arab Action Committee, got word of the boycott in Beirut, he ceremoniously emptied his Coke into a carton...