Word: marketeers
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Dates: during 1960-1969
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Speculative Worries. During the last new-issue spree in 1961, small investors were seized by a mania for almost any company with onics in its name-and thousands were burned when the stock market collapsed in 1962. Many brokers contend that the average caliber of companies bringing out stock this year runs considerably higher. Still, there are worries. In a "thin market," the price of speculative securities can plunge as swiftly as it can rise...
...plant at Íle Sainte Thérèse, near Montreal, for sale in New England. Mercurys manufactured in Ford's Oakville plant near Toronto are sold in New York. Even smaller American Motors gets into the act, builds cars at Brampton, Ont., for the U.S. market...
...import boom is the result of a three-year-old U.S. Canadian trade agreement that, by eliminating all tariffs on cars shipped across the border, has created a vast if little-noticed common market now accounting for fully one-fifth of the two countries' $14 billion in annual trade. Traffic within that market runs both ways-the U.S. last year imported 318,000 cars from Canada, exported 239,000 to its neighbor in return...
Fully Meshed. Until the trade pact was signed, Canada's U.S.-owned auto plants had to gear themselves to a relatively small market. Although demand was sufficient to justify manufacturing a number of basic models, it hardly warranted turning out a full line. If a Canadian buyer wanted a Thunderbird, it had to be imported-with a 17½% duty added onto the price...
Pity the British executive. He has had to keep his upper lip stiff against the problems of the pound, a prohibitive investment income tax, Common Market blackballs and Prime Minister Harold Wilson's accusation of "sheer damn laziness." Now comes a study showing that for all his pains, the British executive is paid at a level that is far and away the lowest in Europe...