Word: millions
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Dates: during 1960-1969
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...making slow and steady progress," Martin insisted. "There are indications that we may be getting to the end of very high interest rates." Maybe so, but last week interest rates on short-term Government notes jumped to still another record high. Example: 6½% on a $356 million issue of New York State tax-free notes. The prices of many industrial materials-among them copper, nickel, steel pipe, chlorine and abrasive powders-also continued to inch upward, promising subsequent increases in the cost of the goods and services that consumers...
...town's elders decided to fight the out-migration by bringing industry to Forest City. Today Winnebago Industries, the company a town created, has become the largest manufacturer of recreational vehicles in the U.S. Last month Winnebago, which is named for the surrounding county, placed a $30 million order with the Dodge Truck Division for chassis and engines to build $120 million worth of motor homes -self-propelled dwellings that combine the mobility of a car with some of the comforts of home. Such vehicles have grown increasingly popular among affluent U.S. families as a convenient means to travel...
...investment in Winnebago has made him a multimillionaire. Anyone who spent $12.50 to buy a share of the public company's common stock in 1965 now has, after numerous splits and dividends, stock worth $2,250. Hanson's holdings have a value of more than $90 million. Despite his wealth, Hanson still lives in the same modest red brick house that he has occupied for 25 years. One goal has eluded him: retirement at 55. Hanson is 56, and he says that running Winnebago is just too enjoyable to give...
...York Stock Exchange in a week. Worse, the system has begun to bleed Italy of funds that the country needs at home. During the first six months of this year, some $1.5 billion in capital went abroad in search of more profitable ventures. The outflow gave Italy an $897 million balance-of-payments deficit after five years of healthy surpluses...
...that Bastogi try to stimulate private investment rather than keep its capital in the serenity of real estate holdings. Another group, headed by Insurance Executive Ettore Lolli, joined with Tiremaker Leopoldo Pirelli to oust the conservative management of La Centrale, a holding company that had most of its $200 million portfolio in real estate and food. The new management has turned La Centrale toward a more active role in both domestic and foreign investment...