Word: hogs
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...invested in short-term loans for liquidity, produces virtually no income (interest on 91-day Treasury bills, for example, is only .027%). The few big banks doing well today are those like Chicago's Continental Illinois National and New York's Manufacturers Trust, which have gone whole hog into buying Government bonds...
This sounded to Occidentals who know the Orient as if Japan proposes to slam the "Open Door" to Occidental trade with China, hog it herself, and renounce the Washington Nine Power Treaty of 1922. In confirmation of these fears the Japanese Foreign Office official spokesman declared in Tokyo: "Japan considers the Nine Power Treaty obsolete or 'dead.' Whether we will denounce it or withdraw has not yet been decided. The [Japanese] Government is examining the advantages of creation of a Tri-Power Pact [of Japan, Manchukuo and China...
This week Weco Products Co. (Dr. West's) marketed the first toothbrush with synthetic bristles replacing the standard hog bristles imported from northern China. These new synthetic bristles are actually coarse strands of Fibre 66, and Weco claims they absorb only 20% as much moisture and dry much more quickly than the natural variety. Developed by the late Du Pont Chemist W. H. Carothers, Fibre 66 in bristle form is called "Exton," is made by forcing through small openings a synthetic resin known as "nylon," thus producing filaments in much the same way that rayon is manufactured. Because diameter...
...hard to embarrass as a wart hog, Ed Kelly had The Truth formally received and approved by the City Council. Then he departed for New York City to enjoy the World Series...
Heretofore, U. S. investment trusts have barely dabbled in underwriting. Tri-Continental and Selected Industries have occasionally participated in the underwritings of new issues in a very small way; Atlas Corp. has done the same. Paradoxically, last week when Tri-Continental and Selected Industries finally went whole hog into underwriting, they declared that Union Securities Corp. would shun the practice that has been the No. 1 argument for investment trusts going into underwriting-that they can absorb on behalf of their stockholders the remainder of any issue that the public refuses...