Word: cashes
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Dates: during 1950-1959
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Democrat, Too. The fast-stepping financing required by such production costs is second nature to Stevens, who quit the University of Michigan as a sophomore when his family was short of cash, seven years later boasted a $50,000 bank account and a $25,000-a-year income from Detroit real estate deals. After a wartime hitch in the Navy, merely making money was not enough for Stevens, and he drifted into Detroit's Drama Guild. Before long, he bought his way onto Broadway, joined the board of ANTA, then became a member of the Playwrights' Company...
...they had, says Lanston, the Treasury issue could not have been successful, since neither banks, institutions, nor individuals had enough cash surplus to invest in Government bonds. While some speculation may have been excessive, says Lanston, the excesses tend to be self-correcting. "I am sure that a number of speculators will not want to try again soon. Their losses were too severe...
...Abdul Aziz, 40, Minister of Education for Saudi Arabia, brother of King Saud and one of some 40 sons of the late Ibn Saud; and Safinaz Nour, 18; in Cairo. Prince Fahd gave his bride jewelry worth an estimated $275,000, a collection of Christian Dior dresses, a cash gift of $40,000, presented her family with six U.S. limousines...
...Treasury last week was "gratified" at the public rush to buy the $3.5 billion worth of short-term securities (TIME, Oct. 6) it floated to raise cash. Largely because of their generous yields, the issues were oversubscribed by more than 100%, and the Treasury was forced to allot securities to buyers...
...argument against metals controls is that agreements tend to set prices too high, make quotas too rigid. Furthermore, metals controls are easily frustrated by the discovery of new or cheaper sources of supply-or by the market dealings of a maverick. The International Tin Council ran out of cash trying to support prices in the face of Russian dumping because it set its floor price at an unrealistic level of 91¼? per lb. With the council out of support funds, the price dropped to 80? per lb., is now firming...