Word: cash
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Dates: during 1950-1959
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...crop of close to 1,000,000 bushels. As any U.S. taxpayer should know, wheat is one of the basic commodities supported by the federal farm program-and in the last four years Garvey has received $791,488 in support loans for wheat he raised, plus $405,647 in cash from the federal soil bank program for the acreage he left idle. But all that wheat, and the wheat grown by other farmers, needs storing. And what Garvey makes out of growing wheat is peanuts compared to what he makes out of storing...
After an audit of his income taxes paid in the past twelve years, Actor William ("Bud") Abbott, 63, surviving half of the Abbott & Costello comedy team, was mowed down by revenooers. Conceding that his arrears total about $500,000, Taxpayer Abbott lamented that he is out of cash, his $125,000 ranch, his financial interest ($100,000) in old movies, his house (up for sale on Uncle Sam's orders) and friends. Said he of old acquaintances who forgot: "All my so-called pals suddenly don't know me any more-now that the booze has stopped flowing...
...payroll job. Puzzled, he rushes off to testify about something or other at Old Bailey, but the case gets clearer when he checks out a lead on the late inspector's lady friend. On her premises he gets a fluke chance to catch the main man with cash in hand. And so on until well after midnight, when the chief inspector arrives home at last -coat torn, temper frayed, and bloody well ready for a little appreciation. "George!" his wife hisses with disgust. "You've been drinking...
...further the tightening money market. The Federal National Mortgage Association braced itself for tighter money by reducing the price it will pay for Government underwritten mortgages from 99% to 97% of face value. When money gets tight, as Fannie May knows, lenders turn in their mortgages to get the cash they need for other investments. But the hike did not faze the stock market, which has dropped more than once at such news. At week's end. it forged ahead to a new record high of 643 on the Dow-Jones industrial average...
Bake the Cookies. Increased competition is putting new emphasis on time-and-labor-saving machinery. Last week's delegates looked over a cooky-making machine that turns out up to 350 dozen cookies an hour, an automatic change dispenser and easy-touch cash register manufactured by National Cash Register Co.. and a revolving turntable for checking out and bagging groceries...