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...Britain's Chancellor of the Exchequer Harold Macmillan gave a ten-minute talk from the pulpit of the Methodist Church his late mother used to attend as a girl, but when the plate was passed, the man who holds Britain's purse strings had to float a modest loan to raise enough U.S. currency for a contribution...

Author: /time Magazine | Title: People, Oct. 8, 1956 | 10/8/1956 | See Source »

Furthermore, as companies expand and float new securities, still more money is being drawn away from existing issues. For the first nine months of 1956, almost $6 billion worth of bonds were floated v. $5.2 billion for the same period last year. In addition, new stock issues in the first three weeks of September alone climbed to $169 million v. only $55 million in all of August. Thus, the September market slump was not so much an urge to sell as a reluctance to buy; the trading was the lowest September level in two years. Most of the selling...

Author: /time Magazine | Title: STATE OF BUSINESS: September Market Slump | 10/8/1956 | See Source »

...solid with oil activity-war-weary landing craft being converted into tenders for offshore drilling rigs, big yards piled high with pipe, well-cementing companies, plants where the giant offshore rigs are fabricated. At intervals, veinlike side canals branch off into the marshes, where oilmen have dredged passageways to float equipment into their fields and float oil barges back from the wells. Virtually every big company has fields, tank farms, refineries along its banks clear down to Corpus Christi-Texas Co., Standard Oil of N.J., Superior Oil, Magnolia, Kerr-McGee Pure Oil, Cities Service, Shell Oil, Gulf, Humble...

Author: /time Magazine | Title: Business: The Intracoastal Waterway | 10/1/1956 | See Source »

Over them float squiggling black lines that might be found on a microscope slide. Perhaps Klee meant to indicate his awareness of a hostile, alien substance heralding the beginning of disintegration. Two years later, on June 29, 1940, Klee died of his wasting disease...

Author: /time Magazine | Title: ART: Magician's Handwriting | 9/17/1956 | See Source »

...boozer on Saturday night and is rich as hot gammon. In a country of free teeth he has only five blackened stumps ("tombstones") and possesses nothing much but a cherished tapeworm, which he "gasses" with liberal quantities of raw onion. But his friendship with Arp glows like the lavatory float of "valuable copper" in a desert of uncommercial junk...

Author: /time Magazine | Title: Books: Cockney Quixote | 9/17/1956 | See Source »

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