Word: lowerers
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Dates: during 1960-1969
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...China. Not until last week did the State Department belatedly drop its total prohibition against such imports and declare that returning tourists may bring back $100 worth of Chinese merchandise (see THE NATION). The dispensation delighted shopkeepers in Singapore and along Hong Kong's sleazy Upper and Lower Lascar Row ("Cat Street"). In some of the larger Peking-controlled emporiums in Hong Kong, English-speaking shopgirls stood like smiling spring flowers beneath red banners and Mao portraits, waiting to take some of the capital out of the capitalist...
...loans at major banks declined in July for two weeks, dropping by $262 million to $78.3 billion. One consequence is that interest rates are beginning to lessen, if ever so slightly. A string of three big recent bond issues -Weyerhaeuser, National Cash and Dow Chemical-all sold at successively lower yields, ranging downward from...
...vacation dollars are expendable dollars." Inflation and the incipient economic slowdown have cut into travel for both business and pleasure. In the first six months of 1969, passenger travel rose 11% from the 1968 level, 4% less than anticipated. During June, six of the eleven trunk carriers reported significantly lower increases...
...Singapore, probably the best shopping center for Peking products, worthwhile buys range from lower-quality jade rings to ground deer horns, which are reputed to be an aphrodisiac. For his $100, a U.S. traveler can bring home a six-color jade bracelet at $30, a 17-piece embroidered linen place-mat setting at $25, a 2-ft. by 4-ft. Tientsin carpet at $16, a man's pure silk dressing gown at $10.50, a porcelain coffee set at $6, two pairs of children's brocade pajamas at $4, a cloisonne-ware ashtray at $2.50 and a hand-painted...
When Manhattan's World Trade Center is topped off in 1974, it will turn part of the run-down lower West Side into a capital of banking, shipping, customs and other international trade services. The twin 110-story towers will require 190,000 tons of steel. Last week steelmen were debating some unusual details of the bidding for that job. More than that, builders were wondering whether the Port of New York Authority's unorthodox contracts for the supply, fabrication and erection of all that metal may lead to a new way of doing business with steel producers...