Word: cashing
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Dates: during 1950-1959
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Employees of the Cincinnati Enquirer (circ. 202,951), led by Reporter James H. Ratliff Jr., made U.S. press history three years ago by raising the cash to take over their own paper (for $7,600,000) to save it from being sold to the rival Taft-owned Cincinnati Times-Star. For his leadership, Ratliff won front-page stories, became vice president and secretary of the company. Last week the Enquirer ran another story on Ratliff on page six. He had been "removed" from those jobs, thereby touching off a new and bitter fight for control of the city...
...full employment and purchasing power. Almost to a man, U.S. businessmen agreed that rising production is sorely hindered by present federal taxes. Though postwar investment in plants and equipment has soared to alltime records, American Cyanamid Co.'s Economist Ralph E. Burgess pointed out that 80% of the cash is to replace worn-out facilities. And mainly the hope for large capital gains in the boom has kept venture capital flowing steadily, said Harvard University Professor J. Keith Butters. "In a time of depression and investor pessimism" present tax laws might dry up these supplies altogether...
...their race for the consumer's dollar, U.S. retailers have turned the old trading-stamp gimmick into the hottest sales idea of the postwar decade. By playing on the housewife's weakness for giveaways, supermarkets and department stores have rung up astonishing records at the cash register. After Detroit's Big Bear chain of 33 supermarkets introduced Gold Bell Gift Stamps last March, gross sales jumped 40%; Miller's supermarkets in Denver increased their business about 30% by plugging trading stamps. From Los Angeles to Boston, filling-station operators, dry cleaners, used-car dealers and beauty...
Thus, as new plants and facilities are paid off, more and more of industry's cash flow will show up as net profit. Even if business levels off or turns down slightly, dividends may rise. By 1959 economists predict that dividends may well increase by 50% to a total $16 billion annually...
...pair of thieves cleaned the cash register at the Crimson Garage on Boylston Street late last night, taking $150 in cash. One of the two "went inside to get warm" while the attendant was filling the gas tank of the getaway car and rifled the register...