Word: cashing
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Dates: during 1950-1959
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...uranium; Hollywood Actor John Ireland and Tennis Star Don Budge are building a swank, $298,000 racquet club outside Phoenix. The less well-heeled look for likely sites for gas stations, ice-cream routes, or the acquaintance of semebody "who's got something good." Even those without cash find it easier on the desert to try new jobs and to borrow money with no more collateral than a good idea...
...MERGER will push the Associated Dry Goods chain (1954 sales: $154.4 million) out to the West Coast. Associated, which now owns Manhattan's Lord & Taylor plus stores in Buffalo, Newark, Minneapolis, Baltimore and Louisville, will take over Southern California's J. W. Robinson Co. stores in a cash and stock deal...
CALIFORNIA TIDELANDS will soon get a bigger play from oil companies. Under a new bill signed by Governor Goodwin Knight, companies may drill from piers and barges, can lease most of California's 2,000,000 tideland acres on a cash-bonus-plus-royalty (a minimum 16 2/3% of production on proved offshore lands, 12½% on unproved fields) basis. Most exploration up to now has been by slant drilling from the shore...
...pouring into the funds each year? Three months ago, Manhattan Realtor Louis Sachar, who heads Marshall Management Corp. and owns or has interests in 85 buildings in New York City, decided to help them with a new investment idea. He persuaded two pension funds to pool part of their cash with his organization and form a real-estate buying group with capital of $140 million. Although Sachar has kept the name of the funds secret, word of the plan spread. Last week Sachar announced that four more funds had joined his group, pushing its total purchasing power to $250 million...
...Rath, the man in the gray flannel suit, is a run-of-the-treadmill commuter who knows that his $7,000 post with the genteel Schanenhauser Foundation makes him, his wife and three children no more than glorified peons on their cash-conscious street in Westport, Conn. His wife Betsy is a brunette charmer with pronounced but somewhat whimsical notions of budgetary discipline ("No more homogenized milk . . . We're going to save two cents a quart and shake the bottle ourselves...