Word: sales
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Dates: during 1960-1969
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...were 'reapportionment legislators.'" Last week the Tennessee legislature passed the state's first civil rights bill since Reconstruction-a low-pressure measure setting up a commission to promote racial harmony-and opened the way for such dry cities as Nashville and Memphis to vote on the sale of liquor by the drink. This week it is expected to repeal the old "monkey law" that prohibits the teaching of evolution. Alabama has redistributed gas-tax funds and other revenues, increasing the slice for urban Jefferson County (Birmingham) from $1,700,000 this year to an estimated...
...pattern prevails throughout the nation. Minnesota's legislature approved a 10% to 15% increase in educational funds for the Twin Cities, which previously had been outvoted by rural interests. Wisconsin's dairy-directed legislature, long a staunch defender of the more expensive spread, finally made the sale of oleomargarine legal. Colorado passed the nation's most advanced abortion bill, and North Carolina last week enacted a measure that is similar to Colorado's in most respects. Also last week, Oklahoma became the first state to legalize artificial insemination by a donor other than the woman...
Disintegrating Canvas. But in shifting from oil to oils, Meadows' luck and his eye for a bargain failed him. Last December he invited in Dallas Art Dealer Donald Vogel to discuss putting some of his French masterpieces up for sale. "It was a crushing experience," Vogel recalls. "When I examined a Bonnard closely, it just disintegrated before my eyes. The colors were not right, the texture was not right, and I knew that the picture was elsewhere, in a rather noted collection...
...heating equipment, commodes and other plumbing fixtures, announced an amicable bid to buy out its Manhattan neighbor, Mosler Safe Co. American Standard hopes to "diversify our dependence on the construction industry," whose current slump has pulled the chain on the company's profits. Despite record sales of $569 million, earnings plunged 44% to $10,350,000 in 1966 and are down by 86% so far this year. The company offered $38.50 a share for the rich safe-and-office-equipment maker, whose sales ($64 million) and profits ($4.4 million) have more than doubled since 1962. For Chairman John Mosler...
...raise a quick $30 million in cash, A.M.C. sold its healthy Redisco, Inc. subsidiary to Chrysler Corp. A credit operation, which does a $250 million annual business financing sales of furniture, TV sets and other items, Redisco had earned a robust $2,500,000 a year. A.M.C.'s appliance-making Kelvinator division is also profitable-and for sale. Drastic as such surgery is, Chapin and Co. see little alternative to sacrificing A.M.C.'s two strong, non-automaking arms...