Word: outlay
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Closing its books on fiscal 1961 last week, the U.S. ended up $3 billion in the red. The deficit was due partly to higher-than-anticipated costs of established programs, partly to an extra $500 million outlay as a recession-recovery measure. Opening books on fiscal 1962, the Treasury predicted revenues of $81.4 billion, expenditures of $85.1 billion, another deficit this time next year...
...Zenith helped pioneer the development of radio, it has been inclined in recent years to let others do the costly research and development of new products. It counted on making the same products later-and better. But under Wright's prodding, Zenith has more than doubled its research outlay. One result is a new system for broadcasting stereophonic FM. Anticipating a mass switch by stereo buffs from records to radios, Zenith is preparing to produce a new line of stereo-FM radio receivers...
Almost half of the applicants (2500) requested financial aid, an increase of several hundred over last year's figure. The College has granted $425,000 worth of scholarships to approximately 350 incoming freshmen--an average outlay of 100 per scholarship student...
...company's expenditure on research and product development was increased from 3% to 5% of gross sales. As sales rose sharply through mergers and diversification, the research outlay has more than tripled to $4,500,000 a year...
...markets where a speculator can still make a killing with a small capital outlay is soybean futures-and last week even amateurs were cleaning up. An electrician walked into Bache & Co.'s Chicago office, peeled off $5,700 in $100 bills, and bought a futures contract for 40,000 bushels of soybeans by putting up only 10% of the purchase price. He sold out less than one hour later with a $1,200 profit. A Chicago real estate man invested $4,800, quit within 2½ hours while he was $1,200 ahead. A professional soybean trader made...