Word: cashing
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Dates: during 1950-1959
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...stubbornly resisted any more truck with tourists, even though American Express had a chain of import offices in Europe. "I will not," he growled, "have gangs of trippers starting off in charabancs from in front of our offices the way they do from Thomas Cook's. We will cash their traveler's checks and give them free advice. That's all." Inevitably, the trippers triumphed...
MERGER TALK is buzzing between International Telephone & Telegraph Corp. and Underwood Corp. I.T. & T. (1955 revenue: more than $400 million) and Underwood (1955 sales: $82 million) would each benefit from the other's automation and electronic work. Deal would probably involve some sort of straight cash transaction, since I.T. & T. policy is usually against stock swaps...
...plan included completion of the 130,000-acre Boerasirie irrigation and drainage project, rebuilding the main road along the seacoast from the Surinam border to Georgetown through rich sugar-and rice-growing areas, completion of a 4,000-unit housing scheme, and rural electrification. More than half the cash for the program will be provided by long-term loans from British financiers and the World Bank. Most of the remaining funds will come from the British government, in direct grants and interest-free loans. The rest will come from British Guiana itself...
Businessmen will probably soon have to take into account a new cost factor: an increase in the price of steel. The increase will be based on 1) inevitable wage boosts and 2) the need for cash for expansion. Last week Ernest Tenner Weir, chairman of National Steel, fifth biggest producer, touched off the campaign for higher prices...
...meet growing demand, said he, the steel industry must expand its 128-million-ton ingot capacity by about 18.5 million tons in the next five years, at a cost of $3.4 billion. The only way to get enough cash, said he, is by a big boost in steel prices...