Word: pressingly
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Dates: during 1940-1949
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These are only two examples of the steadily increasing associations we are having with our readers overseas. Our Latin American edition, like our other International editions, is bringing us a multitude of interesting visitors. Last month 30 members of the Brazilian press turned up at the TIME & LIFE Building for a look behind the scenes and conversations with members of our editorial staff. A fortnight ago Chilean Economy and Commerce Minister Alberto Baltra came to town and was entertained at dinner by TIME Senior Editor Francis Brown. These visits are a most agreeable and advantageous way of helping keep...
...airport, reporting on the Paris meeting, Acheson greeted the President soberly: "I'm afraid we didn't accomplish too much." At his press conference two days later he went into more detail. A newsman asked: "Was the conference a failure or a success?" The Secretary of State replied sharply: "Why do we have to take a dichotomy and say it is a success or a failure?" Big Four parleys, he explained in his precise way, are no longer enough in themselves to achieve striking changes or to create new crises. Like steam gauges which indicate how much pressure...
...days after the Erfdeel test, the South African Press Association flashed still more exciting news. A test bore on another farm near Erfdeel had reportedly assayed out even richer. At this, Jo'burg's frantic speculators ran up the Free State Gold Areas shares to a high of $11.28-and Promoter Milne's paper profits were estimated at somewhere between $8 million and $20 million...
...hour later the press association sent out a shamefaced bulletin: the news was not true. After that, government police started an investigation of the report and moved in on Promoter Milne's fabulous borehole. Under their watchful eye, Milne drilled another "deflection" test (a boring near the bottom of the shaft) within a few inches of where the first fabulous strike had been made. The test ore was turned over to the government's assayers. Their report: the ore indicated a yield of 2 oz. of gold per ton of ore, or about 1/24Oth of the record yield...
...both the Jo'burg and London exchanges the great gold boom collapsed. Free State shares, which had started dropping on news of the false press report, plummeted to $2.62. It remained to be seen how much gold Milne's claim would finally yield. But Milne did not seem worried. He gave a cocktail party for 500 guests and expressed the hope that he could soon arrange for "quotation of my shares on the American market...