Word: sales
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Dates: during 1960-1969
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...Chicago's General Outdoor Advertising. Elusive Bert Gamble, who built up the Gamble-Skogmo chain of auto accessory and appliance shops (380 stores, 2,000 dealers), now specializes in buying companies and reselling them at a handsome profit. Backed up by $45 million in cash from the 1960 sale of Gamble-Skogmo Inc.'s interest in Western Auto Supply, Gamble says he wants control of North America's biggest outdoor advertising company for "diversification and expansion." General Outdoor plans to fight his takeover...
Canada may not recognize Red China diplomatically, but it knows a good customer when it sees one. Last week Canada's Minister of Agriculture Alvin Hamilton announced the biggest one-shot grain sale in Canadian history: over the next 2½ years, Communist China will buy 233.4 million bu. of wheat and barley worth $362 million. The sale brought famine-suffering Red China from nowhere to second place (barely behind Britain) among Canada's grain customers...
Baby Step. But even with the hero out of sight, the voluntary hero-making mechanisms of the U.S. worked at full blast. A newly built school in Deerfield, Ill., was named for Shepard. A greeting card went on sale in Boston for admirers to send to the astronaut. Mayor Wagner of New York promised him the greatest ticker-tape welcome in New York's littered history. Mayor Poulson of Los Angeles immediately tried to outbid Wagner. A bar in Fort Wayne, Ind., treated its customers to champagne. Senators, judges, professors and generals burst into praise for Shepard. Said First...
Federal and state laws on narcotics, together with court rulings and the regulations of the Bureau of Narcotics, are aimed mainly at preventing or penalizing the sale and possession of the drugs, not at rehabilitating the addict. The need for such laws arose almost half a century ago, when physicians unwittingly created ari army estimated at 250,000 addicts by too freely prescribing morphine as a painkiller. After possession of nonprescription narcotics was made a crime, the law cracked down so hard on prescription peddling that cautious physicians began to turn away addicts appealing to them for treatment. They still...
...lure more U.S. dollars into the booming Japanese stock market, Sony Corp., aggressive Japanese electronics manufacturer, last week told SEC that it plans to sell $4,000,000 worth of common stock in the U.S. next month. Besides Sony, 15 other Japanese companies are considering putting securities on sale in the U.S. soon. To cut red tape and long transpacific transactions, Sony will give U.S. investors American depositary receipts instead of stock certificates. These will carry full ownership rights and can be freely traded in the U.S. As an added lure, the Japanese government last week ruled that foreign shareholders...