Word: freeporters
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...every investor struck pay dirt. Several solid issues scraped their year's low. American Export Lines (which hit a crest of 34⅝ this year) slipped to 28⅞; Freeport Sulphur slumped to 27⅝ from the year's high of 37⅜. United Aircraft, one of the stocks in the Dow-Jones average, was off to 52½ from...
...Freeport, L.I., a commuter stops off at a boatyard for a quick look at his newly bought 26-ft. cruiser, admires her lines with the air of Michelangelo studying the Sistine Chapel ceiling. In a Chicago boatyard, a bandanna-hooded woman sprawls beneath her boat to apply a coat of copper paint. In St. Paul, seven families buy seven new houseboats, begin the 322-mile homeward trip down the Mississippi to Clinton, Iowa. In Seattle, 1,000 boat owners, burgees and pennants flapping, parade from Lake Union to Lake Washington to herald the opening of the new season...
...Chairman Kenneth S. Parker is developing 8,500 acres of building and truck-gardening land. Louis R. Wasey, former ad agency executive (Erwin, Wasey & Co.), sold frs stockholdings in 1956 to concentrate on his Cat Cay Club, a heaven for well-heeled fishermen. Biggest venture of all is Freeport, a man-made harbor, industry site and bunkering installation 81 miles east of Palm Beach, Fla., on Grand Bahama Island. A $12 million joint venture of top U.S. Shipowner Daniel K. Ludwig, Promoter Wallace Groves and British Millionaire Charles Hayward, Freeport boasts a harbor dredged 30 ft. deep and capable...
...hills with a pair of Cuban guides. His mission: negotiating the release of ten U.S. and two Canadian executives and engineers kidnaped by Raúl Castro's men two days earlier from the village of Moa, site of a $75 million nickel-processing plant under construction for Freeport Sulphur Co. (TIME...
...Then Freeport's Williams did something that widely irritated official Washington and raised many an eyebrow in business circles. He hired an ex-FBI investigator to question Beynon's old friends and associates about his private life as far back as 1926. Beynon testified that the inquisitor asked his friends such questions as "I'd like to know how Mr. Beynon made his money." Williams also checked police records on Beynon, but all he could dig up was a traffic violation. Explained Williams: "It's normal business practice for me to find...