Word: pennings
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Brokers on the Paris Bourse had never seen anything like it. At least not over something so mundane as a disposable ballpoint pen. Last month, when Baron Marcel Bich sold a fraction of his pen company's 1,500,000 shares to the French public, investors went into a frenzy over Société Bic. On opening day there were offers for 8,000,000 shares, but only 300,000 were made available; the price promptly jumped from $176 to $208. Helped by that rise, Baron Bich's holdings in the company that he controls increased...
...Bich and his friend Edouard Buffard pooled their wealth-all of $1,000-and started making ballpoint refills in an old factory near Paris. Soon it occurred to Bich that a disposable pen that needed no refills would be more to the point. What his country needed, as Bich saw it, was a good 10? pen. Today the cheapest throwaway Bic sells for less than that in France-about 7?. In the U.S. the same pen retails for 19?, and it is the biggest seller on the market...
...jokes started long before the newspaper series ended. That's not Martin Bormann they think they found in South America. It's Howard Hughes. Or . . . Ladislas Farago is just a fancy new pen name for Clifford Irving. The allusions were inevitable. Farago himself expected them. Indeed, when Clifford Irving's hoax autobiography of the recluse billionaire was exposed ten months ago, Farago decided to delay his research on Bormann until the din died down. "I said to myself," he recalled last week, "no matter what I'm going to do, this is going to be regarded...
...hotel fire. But the presiding genius of the book is one Baron R, a famous novelist who lives in Switzerland but is published by Hugh's American firm. In fact, it is broadly hinted that Hugh may exist only as a creature of R's pen...
...With the pen-holder grip, the racket is held downward, with primarily the thumb and forefinger grasping the handle. The paddle is never reversed to a backhand side; the ball is hit with only one side of the racket...