Word: marketing
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Dates: during 1950-1959
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What was worse than the high cost of the Treasury's latest borrowing was the fact that Secretary Anderson did not issue any bonds. He thought the market was too shaky to sell them at a reasonable price. By selling only short-term securities, he is bound to ease credit at a time when the Federal Reserve Board is trying to tighten it. Normally, most of the short-term securities sold by the Treasury are bought by commercial banks that, in turn, can use them as collateral to borrow from the Federal Reserve to make additional loans, thus increase...
...financing brought another small drop in the Government bond market as older U.S. securities slid to bring their yields more in line with the new rates. Hopefully, the Treasury expects the market to stabilize before it is forced to raise more cash in two months. Secretary Anderson is under no illusions that his job of financing the debt will be easy. Last week, in a speech to the American Bankers Association, he pointed out a new problem he has to contend with...
...this year." Now that the Government trust funds are reducing their holdings, Secretary Anderson said that the nation's private savings institutions should take up the slack. Since June, many insurance companies, savings banks, savings and loan associations and pension funds have kept out of the Government bond market, instead have been buying higher-yielding corporate bonds or stocks as a hedge against inflation...
...Cole about a Chevy small car. Chevy has bought tools and dies. "But," Cole stressed, "that does not mean that we will purchase one pound of productive material to run over those tools and dies." Chevy can scrap its plans as late as next summer, if the small-car market cools. Chevy's dropping of the Delray also gives plenty of room to other companies' low-price cars to scramble for the $1,800-to-$2,000 market...
...copies; of a heart ailment; in Manhattan. Growing up in Allegheny, Pa., Mary Roberts studied to be a nurse, then married Surgeon Stanley Rinehart in 1896, bore three sons before she was 27. She wrote The Circular Staircase, first of her warmly human, quietly humorous mysteries, after a stock-market panic in 1903 threw the Rinehart family $12,000 in debt. When Staircase sold (1,250,000 copies so far), she went on writing, reached her popular peak in the era of her serialized (Sateve-post) sentimental adventures of a spinster named "Tish," still sternly kept regular office hours...