Word: chipped
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Dates: during 1950-1959
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...Charles E. ("Chip") Bohlen, 52, after longer (47 months) than normal duty as Ambassador to Russia, is scheduled to be replaced and reassigned. Likely successor in Moscow: Ambassador to Austria Llewellyn Thompson...
Bottom & Peak. As bond prices dropped, the big mystery was: Why did investors fail to take advantage of the bargains? Yields on the Dow-Jones average of 40 bonds rose to 4.30%, close to the yield of 4.53% on the blue-chip stocks. Yet until last week the shift toward bonds was remarkably slow, apparently because many investors were waiting for bond prices to drop even further...
...sent to Congress called for expenditures of $71.8 billion in 1958, nearly $3 billion more than in fiscal 1957 (ending next June 30). It was a balanced budget, but the estimated surplus, $1.8 billion, was too narrow to permit tax cuts. Ike proposed to use it to pare a chip off the $270-odd billion national debt...
...Kremlin's glittering Hall of St. George, Celestine Bohlen, 6, daughter of U.S. Ambassador to the U.S.S.R.. Charles E. ("Chip") Bohlen, joined some 2,000 kiddies in celebrating the Russian Christmas season. They howled and clapped for acrobats, singers and magicians, then met a bearded gentleman strongly resembling Santa Claus but introduced himself as Grandfather Frost. He led the children around a towering evergreen that looked exactly like a Christmas tree but, in the parlance of atheistic Communists, was disguised under the tinkly title of "New Year's tree...
DURING the first years of the great Bull Market rise, many U.S. investors "played the averages." They bought blue-chip stocks used to compute stock averages, notably those in the Dow-Jones average, and made money because it was a blue-chip market in which the leaders rose fastest. But in 1956, playing the averages did not pay off; the blue chips backed and filled all year long. Last week, in the first days of 1957, almost every Wall Street commentator was warning investors to beware the averages this year; playing them would not pay. Blue-chip prices...