Word: rosee
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Dates: during 1960-1969
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...rockets. Accompanied by a governess and a Secret Service man, John-John Kennedy, 8, and a playmate found an appropriate site in Central Park. While strollers stopped to stare, the boys successfully launched the plastic missiles, which, with the aid of a propellant of vinegar mixed with baking soda, rose about twelve feet into the air. John-John was so delighted by the performance that he blurted: "Now I have my own little Cape Kennedy...
...planet illuminated by the corpse of a setting sun. The production was strongly cast in other major roles. Carol Neblett, a vocally arresting but inexperienced soprano, did both Margherita and Helen of Troy. As Faust, Tenor Robert Nagy sang powerfully but with obvious effort. Julius Rudel's conducting rose successfully to the peaks but tended to coast through the occasional deserts of Boito's score...
...mood-welcome to Washington's inflation fighters but a source of concern to many businessmen-has been building up for months. The trend of retail sales has been flat almost all year. During the twelve months that ended last July, sales rose less than 2% while prices advanced nearly 4%, meaning that the actual volume of retail trade shrank about 2%. Though retail sales climbed above last year's levels during the latest week reported by the Commerce Department, most of the increase reflected the early introduction of 1970 auto models (see story...
...bond market to health. That would require an easing of Washington's tight-money policy. Long before the tax debate boiled up, banks started curtailing purchases of municipals in order to conserve funds for loans to corporate clients. Municipal-bond prices dropped, and interest rates on outstanding bonds rose from an average of 4.85% in December to 6.37% in September. Laws in several states, notably Pennsylvania, Michigan, Florida and California, forbid payment of that much interest on new bonds. Those states, and their local-government units, have been unable to float new issues. Last week local governments failed...
I.O.S. sold 11 million shares to Europeans, Canadians, employees and business friends. The shares, representing a 20% interest in I.O.S., were priced at $10, making the $110 million offering probably the largest equity issue ever floated outside the U.S. In the first day of over-the-counter trading, I.O.S. rose to $19 a share, then settled to $17 at week's end. At that level, the company had acquired a market value of some $935 million, and Cornfeld's own 15% holding had a paper worth of $140 million...