Word: irelands
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Dates: during 1960-1969
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...week at 54. The sellers have been mostly big institutions, but the company fears that the investigation could begin to frighten off small investors as well. Already the paper loss on the stock has grown to a staggering $6.82 billion, more than double the gross national product of Ireland, and has cost each 100-share stockholder $1,288. This has been a primary factor in the recent drop in the stock market, and nobody on Wall Street doubts that the FCC investigation is the cause of Bell's decline. Had A.T. & T. held its October price, the Dow-Jones...
...Roman Catholic Church-and establishing the distinction perennially bothers the brothers. Currently meeting in Rome to stress their identity and work toward reform, Vatican Council style, are general chapters of two of these little-understood congregations: the Brothers of the Christian Schools, and the Christian Brothers of Ireland...
...shut down. That left fewer than 40 branches-including two run by New York's First National City Bank and by the Bank of Nova Scotia-still open in all the Irish Republic. Beyond that, while Ulstermen may not ordinarily feel friendly toward the Irish Republic, apparently Northern Ireland's bank clerks are sympathetic to their compeers there. Result: more than half of Northern Ireland's 401 banks and branches also shut down...
Since Northern Ireland is still part of the United Kingdom, it could keep going with British pounds flown in from English banks. The independent Irish Republic has no such thing going for it; Eire has its own pound which, even though it is worth as much as Britain's, is not interchangeable. When word of the impending bank strike got around, depositors lined up for blocks, withdrew some $31 million before the vaults could swing shut on a remaining $775 million. That left some $322 million in out-of-bank circulation, just enough, by most estimates, to keep...
...strike were to continue for more than three weeks, Irish employers would be hard-pressed to meet their payrolls with cash-as is required by national law. How long will the junior bank clerks be able to shut down Ireland's banks? No one knew. Predictions went up to three months...