Word: co
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Dates: during 1950-1959
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...Right from the start, Your Hit Parade was a hit. Just by playing the country's top tunes-first on the radio (15 years), then on television (9 years)-the American Tobacco Co. sold so many cigarettes that it even produced a new brand: Hit Parade. Lannie Ross, Lawrence Tibbett, Frank Sinatra, Noel Coward, Fred Astaire, W. C. Fields all marched on the show with such regulars as Dorothy Collins and Snooky Lanson. Then came rock 'n' roll. The sort of stuff that Elvis sings began to lead the Parade, and American Tobacco apparently decided that kids...
Died. Hiram Haney Parke, 85, art appraiser and auctioneer who in 1937 co-founded Manhattan's Parke-Bernet Galleries, which became the U.S.'s largest auction house, handling paintings, books, furniture, tapestries, stamps, etc.; in Mt. Airy, Pa. Parke brought down his hammer on some of the most grandiose sales in art history. Maintaining an air of disinterested opulence, he could up bids hundreds of dollars with a shrewdly timed word, thousands with a sentence. In 1928 he sold Gainsborough's The Harvest Wagon to Lord Duveen for $360,000, also peddled such miscellaneous treasures...
...encourage private investment abroad? Last year the State Department commissioned Ralph I. Straus, a director of his family's R. H. Macy & Co. and an economist who served ably with the Economic Cooperation Administration, to study the situation with an eye to formulating a new Government policy. Last week, after distilling answers from questionnaires sent to 955 key U.S. businessmen, Straus issued a report that the State Department heartily endorsed as "a new and fresh look" at the problem...
...ignore it; the fees are hardly worth the effort. But last week a fledgling microwave-equipment company called F X R, Inc. made news with its new issue. It had taken its modest (200,000 shares) offering to an underwriting specialist as small as itself: C. E. Unterberg, Towbin Co., a two-man firm that operates a one-room office and has won itself a red-hot reputation introducing and making markets for midgets. So successful is the firm that on the F X R issue, a string of blue-ribbon houses-Lee Higginson Corp., Kuhn, Loeb & Co., Carl...
Second Stage. Unterberg, Towbin has had previous successes. In 1955 it engineered a Diners' Club stock issue that no one else wanted, brought it out at $8 a share. Current value: the equivalent of $86 a share. The two-man team handled Marquardt Aircraft Co. in 1952 at $15 a share; it is now worth $280 (counting stock dividends). While most of Unterberg, Towbin's companies are scientific or technical, it is not a venture capital firm in the sense that it sponsors new inventions. "We get in on the second stage," says Partner Clarence E. ("Dutch") Unterberg...