Word: mutuals
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Dates: during 1950-1959
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...Guarantee. It was a mutual discovery. In the new nine-man Politburo, Gomulka has few comrades he can trust, and not a few old Communist enemies. His position there depends on his continuing influence on the workers and intellectuals who hold him in such high regard. He is taking great pains to cultivate and preserve that regard by the only means he knows: hard work, courtesy, firmly expressed cautionary advice and, for a fanatic Communist, daring departures from the old Stalin economic and political dogmas...
...Friday: Gossipist Walter Winchell and his radio sponsor have phhht. Happened four weeks ago, even before his splituation with TV, because sponsor, Seaboard Drug Co., feared consequences of columnist's "long series of offensive remarks" about Adlai Stevenson on his weekly newscast. Sponsor kept it quiet to give Mutual time to dig up fresh scratch (WW's weekly take: $5,000), but Winchell began sniping at Seaboard Drug in newspaper column. Sponsor exploded. "Malicious, libelous and untrue," said Seaboard President Harry Patterson. "The man has gone...
...first, said SEC, was a merger between Sweet Grass and a group of Oklahoma oilmen who formed a company called Depositors Mutual Oil Development Co., which had leases on Oklahoma oil lands. For $1,900,000 they sold out to Sweet Grass. Meanwhile, Sweet Grass created 1,750,000 shares of stock, presumably to cover the merger and be issued to stockholders in D.M.O.D. But actually, said SEC, since the merger had already been paid for in cash, most of the stock wound up in President Ciglen's Toronto brokerage account...
...companies say that very few of them are making money this year. In 1956, despite an overall premium increase, the companies are heading into the red. State Farm Mutual, No. 1 U.S. auto insurance company (4,600,000 policies) expects to wind up with a $7 million to $10 million operating loss (v. a 1955 underwriting profit of $14.8 million); Allstate (Sears, Roebuck), just broke even in the first half of 1956 (v. an $11 million underwriting profit last year...
...island's British rulers-industrious, underpaid civil servants dedicated to improving drains and discouraging murder, magic and overgrazing. There is mutual ignorance, as is shown by the case of a resident commissioner who does not catch on to the fact that his devoted servant has been selling the white man's bath water as a fertility charm. But there is also mutual understanding, and a sort of respect between the races...