Word: cash
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Dates: during 1950-1959
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Demolarized. In Freeport, N.Y., Herbert Lamb reported to police that four young thugs had stripped him of all movables-65? in cash and his false teeth...
...except the prospect of a long legal battle. Moreover, the fight has done Penn-Texas no good financially. While 1956 net income totaled $7,074,000, some $4,846,000 was from nonrecurring items such as the sale of plants (later leased back) to raise cash for F-M stock purchases. The company's true net income (not counting nonrecurring items) was $2,228,000 in 1956, a drop of $689,544 from 1955's comparable figure. On Penn-Texas stockholders, who gather for their annual meeting in May, the suspicion may grow that Financier Silberstein...
...Barr formed a new department to pump life into merchandising and displays at Ward's 562 retail stores, expanded Ward's advertising-and-promotion staff, started pushing sales on credit and Ward's own private brands of paint, bicycles, fishing gear, etc. Working with the fat cash reserves piled up by penny-pinching, expansion-shy Chairman Avery ($21.8 million in cash, $176 million in securities), Barr's management team more than doubled its metropolitan phone-order stations, last year alone added another 132 catalogue order stores. Still another new management division, working on a five-year...
...adjoining 500 acres retained by the Chippewas, New England Industries will build a model village, with parks, public buildings and a church, for the 458 members of the band. Each of the members will collect about $4,750 in cash. The rest of the land-sale proceeds will go to reimburse individuals for moving expenses and loss of their houses and permanent improvements, and to build up a trust fund to be administered by the Indian Affairs Branch in Ottawa for the Chippewas...
Melted the Goose. In Memphis, safecrackers cut into a safe with acetylene torches, made off with 400 silver dollars, left the charred remains of $3,000 in cash and checks...