Word: moneymen
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Dates: during 1960-1969
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...French dealt from strength. After 30 years of controls, the government restored freedom to the franc and, to the surprise of moneymen everywhere, abolished controls over gold as well. In the U.S., the Federal Reserve Board reported a symptom of weakness: the nation's gold stock fell another $571 million last year, to $13.2 billion, the lowest level since...
...still paying $40 - in effect, yields rose from 4% to 5%. New York State had to pay 5.7% to float one tax-free issue; Baltimore, Louisville, Tulsa and Arlington, Va., canceled others. So queasy and depressed was the bond market that several corporations called off bond issues. Moneymen tossed in their sleep, worrying that if companies could get money no other way, they would begin wholesale withdrawals from banks. Says Chase Manhattan President David Rockefeller, 51: "This was certainly the most difficult period of my career...
...relief of accountants, schoolchildren, tourists and moneymen, all such variations will officially disappear with decimalization. They will be replaced by six coins: a halfpenny (worth 1.2 present pennies), a penny, a twopence piece, a 5-pence piece, a 10-pence piece and a 50-pence piece (worth, like the current 10-shilling note, half a pound). The pound will remain but the decimal system means that a price will be written as ?3.33. The sum can then be converted to dollars, simply by multiplying by 2.8, and the simplification may cut bookkeeping time by an estimated...
...longtime No. 2 man and heir apparent, had resigned. Reason: a squabble between Christian Democrats and Socialists over who would be officially tapped to run Italy's biggest financial institution once Longo stepped out. The Christian Democrats favored Lolli, who has the backing of such important moneymen as Bank of Italy Governor Dr. Guido Carli and Treasury Minister Emilio Colombo. The Socialists, demanding jobs and economic power as the price for their 1963 split with the Communists and alliance with the Christian Democrats, urged the appointment of Paolo Pagliazzi, 58, a former professor who is currently the bank...
...Foods was recently turned down by stockholders. But the company is still looking, with Transamerica Corp., a financial holding company, currently said to have the inside track. Such hardheaded business decisions may not please Hollywood's art lovers, but the trend has mightily impressed Wall Street's moneymen. Variety reported that during the last month movie stocks have risen a phenomenal...