Word: quarterlies
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Dates: during 1960-1969
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Another reason for staying is to help Continental overcome a profit squeeze. This year's first-quarter revenues were up 10%, reaching $47 million. At the same time, Continental's cost for such-things as crew training, landing fees and fuel have increased, and the company this year alone will take delivery of 20 new planes costing $89 million. In about four years, however, Six intends to start slowing down. Says he: "When I get to be 65, I want to stay active in the company, but I don't want to be on the firing line...
Until then let's make light of it. Have you been keeping up with the Times? It's a lot. A couple of weeks ago column eight told of Parisian students occupying the Latin Quarter; column one had the word on the insurrection at Columbia; at the bottom of the page, on the left, was a story about 500 students in Brussels taking over the university; deep inside the first section ther was news of students rioting at th London School of Economics; section two told of the continuing "problems" with young radicals in Germany; the next day Brooklyn College...
...overspending helped push the country into an economic slump complicated by a surge of inflation. After the Kiesinger government reimposed a program of austerity by raising taxes and cutting federal spending, West German prices soon stopped climbing. Unemployment has now fallen to a mere 1.3% and during the first quarter of this year industrial productivity soared by an astonishing 10%. Symbolizing that performance, the Deutsche mark today ranks as the most stable currency in the inflation-beset industrial world. The mark's domestic purchasing power has declined by a comparatively modest 36% in 20 years. Second-best performer...
...when Chairman Melvin W. Alldredge insisted that the absent Jay had retired merely "because of personal reasons." With "such an aura of mystery," complained one disbelieving stockholder, "it must have been something fairly drastic." There were some rather drastic statistics to consider. During A. &P.'s first 1968 quarter, which closed just seven days before Jay exited, profits plummeted 21 % below the 1967 first quarter. Moreover, Alldredge conceded, there was no sign of "any significant change" ahead...
...paperwork snarl-by a considerable margin the worst in Wall Street history-began when President Johnson's Viet Nam peace moves sent stocks on a spring spree. Since April 1, Big Board trading has averaged 14 million shares a day, up 40% from the first quarter. The smaller American Exchange has been hit by a 50% increase to 7,500,000 shares a day. In consequence, brokers have been unable to deliver stock certificates to customers within the allotted five business days after they are bought or sold. Compounded by increasing clerical errors, the discrepancies and slippages by last...