Word: one-fourth
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LOUIS WOLFSON has unloaded one-fourth of his 400,000 shares in American Motors, will sell the rest because he figures stock will not top recent high...
...rear-guard of antistatehood people have a certain amount of cold logic on their side. Despite its rapid urban development, Alaska is still a wildly savage land. It is bigger (586,400 sq. mi.) than two of Texas plus one Indiana, and 99% of the land-much of it faceless tundra-is owned by the Federal Government. Nearly one-fourth of the 213,000 population is in military uniform manning a polka-dot pattern of defense posts, and the rest of its inhabitants depend chiefly on two sources of income: fishing and timber...
MACHINE-TOOL ORDERS, one of the economy's barometers, fell 22% from March to April after three months of climb. New orders in April totaled $28.3 million, with almost one-fourth from foreign lands, where automakers continue to buy U.S. tools...
...campaign for Italy's general elections, coming late this month. Luigi Longo, wartime Red partisan organizer, postwar street fighter and a recent visitor to the Kremlin, has taken over as acting party chief. But Communist membership is down from 2,500,000 to 1,700,000; one-fourth of the party's Senators and Deputies have been dropped as unsuitable candidates for reelection; the Communists are having a hard time finding vote-winning issues in an Italy basking in a record national prosperity; and they no longer have the flashing oratory of Palmiro Togliatti, who once knew...
While the nation's dollar reserves have plunged from $225 million to around $150 million, its trade deficit has soared to $186 million; its national debt is up to $800 million, and one-fourth of the labor force is out of work or underemployed. Garcia himself insists placidly, lighting a Chesterfield with a gold lighter, that "things are about back to normal...