Word: marketed
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Dates: during 1950-1959
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Bullish economic news generally tightens the money market, encouraging more borrowers to compete for the available supply. For the nation's bankers, home builders, corporations and consumers, the tightening means that they must pay more to get the money they need to make loans, build houses, expand industry, buy autos, appliances and TV sets. Money has been gradually tightening up since spring as the economy spurted to new highs; last week it got a heavy turn of the vise...
...This will force the Government to do more of its financing through short-term borrowing (under five years), on which there is no interest ceiling. Result: the Treasury will have to compete with consumers and small businessmen for short-term funds, thus placing pressure on fhe money market, forcing up short-term interest rates...
...Treasury must refinance $34 billion in the next twelve months and come to the market each week with $1,000,000,000 or more in bill offerings. Last week the interest rate that it has to pay on short-term (gi-day) bills rose to 3.4%, the highest since the fall of 1957; it may go up to 4%. What the Treasury fears most is that its dependence on short-term financing will force yields on short-term paper above yields on long-term bonds, thus attracting many investors who might ordinarily put their money in long-term securities...
...mutual savings banks, total deposits rose $585 million in the first six months this year to $34.6 billion -but the growth during the same period last year was $1.3 billion. Instead of putting and keeping their money in savings accounts, people are attracted by higher returns in the stock market or Government bonds. The rate of growth of time deposits has been falling off because corporations, state and local governments, and foreign depositors can now get nearly 3½% on a 91-day Treasury bill v. 3% on time deposits...
Woolworth's modernization has been forced since the end of World War II, as expanding supermarkets and drug stores grabbed an important share of the low-priced variety-store market. In self-defense Woolworth's upgraded its merchandise, spruced up its stores, shifted its emphasis to self-service stores in burgeoning suburban shopping centers. To spark its superstore and self-service programs, Woolworth's in 1954 picked a lifetime employee named Robert Campbell Kirkwood, who had started as a stock checker right out of high school in his home town of Provo, Utah 36 years before. Trim...