Word: cash
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Dates: during 1960-1969
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...uprisings were mostly spontaneous, some highly selective arson campaigns were apparently planned to destroy stores' credit records and give ghetto residents a financial reprieve. "Don't grab the groceries," one mother told her son, "grab the book." Many apparently also grabbed cash. Said Chicago's Cook County jail warden Winston Moore: "Never have I seen such rich prisoners." The average adult looter arrested in his territory, according to Moore, had $300 to $400 on his person, and even youngsters "had over $100 on them...
...speculators rushing to buy shares they had sold short in anticipation of falling prices accounted for some of the week's rush. More important, said brokers, mutual funds moved into the market: at the end of February (the latest available official figures) the funds had $3.4 billion in cash, or 8.2% of their assets, as compared with a normal ratio of 5% or 6%. Some analysts believe that March saw a buildup to $10 billion cash...
...DETROIT--This could be the sleeper team. Blessed with a tremendous starting rotation--Wilson, Lolich, Sparma and McLain, the Tigers need some clutch hitting. Their established stars--Kaline, Freehan, Horton, Cash--must stay healthy...
...comeback for Riklis, a Palestinian immigrant whose seesawing fortunes have fascinated observers on Wall Street for years. Riklis came to the U.S. in 1947, taught Hebrew and sold stock in Minneapolis until the mid-1950s, when he was struck with what he now calls "the effective nonuse of cash"-or the technique of using borrowed money to buy undervalued companies, whose assets could provide the leverage for still larger takeovers...
...other Schenley stockholders, Riklis has announced terms quite different from the Rosenstiel purchase. Though Rosenstiel was paid largely in cash, other shareholders will be offered a package of cash, long-term debentures and warrants for their stock. The terms were hardly made known when last week three irate Schenley stockholders brought suits to block the deal. Among their charges: that Riklis would merely raid Schenley's treasury to recoup the merger costs...