Word: ctrica
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...probably follow similar patterns. On the ITT deal, for example, the Brazilian government will come across with $7,300,000. More than $3,600,000 of this has already been paid to ITT in American dollars; the rest will come in Brazilian cruzeiros as loans to Standard Eléctrica, S.A., ITT's manufacturing subsidiary in Rio de Janeiro, for plant expansion and modernization. In its negotiations, American & Foreign Power is asking for $8 million to $10 million...
With their $4 billion the 20 republics wanted to buy economic independence. They talked economic nationalism. They wanted to industrialize. Last week, for the first time in history, the shares of a Mexican industrial firm-the new Industría Eléctrica-were quoted on the New York Stock Exchange...
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