Word: marketing
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Dates: during 1950-1959
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YUGOSLAV BOND PAYMENTS on $25 million worth of dollar bonds, in default since 1939, will begin soon with $500,000 annual payments under "temporary arrangement." Yugoslavia seeks to restore its credit rating so it can borrow privately in U.S. money market...
...widespread treasure hunt that is turning many an oilman into a gasman. Even after World War II, oilmen were burning off natural gas as a waste that came up with the oil. Now, so many cities are switching to natural gas-and oil is in such surplus-that the market has burgeoned, put a premium on gas discoveries. Mosser now has more than 18 oil and gas rigs drilling, brought in more than a dozen wells. He has two other promising fields that may well yield another trillion cubic feet of gas. Says Mosser: "We'll take...
Texas, piled up a modest fortune-and lost all but $29.30 in the 1929 market crash. (He and his wife spent what was left on a night...
...which he is chairman). He enjoys muscle-straining outdoor exercise, chops wood regularly. And he does not worry about his investments. Last week's plunge of space-age stocks left him unconcerned. Says he: "It looks like a long overdue technical correction. The current basic trend of the market...
...latest of a series of attempts to set prices and regulate trade, roly-poly Economics Minister Ludwig Erhard last week announced a stiff tax on fuel oil: $7.14 per metric ton (about $1 per bbl.). The punitive tax, which Erhard himself describes as a "sin" against his free-market theories, is designed to discourage the use of oil, thus ease Germany's steadily mounting coal surplus of 17 million tons...