Word: sales
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Dates: during 1970-1979
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...Government sells gold to support the dollar; but since the greenback has strengthened this year, traders figure that Washington might call off its gold auctions. Last month the Treasury cut its monthly offerings in half to 750,000 ounces, and the International Monetary Fund has reduced its monthly sales slightly, to 444,000 ounces. "Combine those two, and you take out almost 20% of supply," says a U.S. gold analyst.Soviets, who earned $2.6 billion the sale of 13.8 million ounces of gold through the Wozchod Bank in rich last year, have been selling at only half that rate...
...easing was traced to several causes. Some states did not need all the gas allotted to them in May to make sure that police cars, fire trucks and ambulances kept running; they are now releasing some for sale to individual drivers. Many gas stations that angered drivers by shortening hours or closing on Sundays earlier in the month saved enough fuel to have some left to dispense on the Memorial Day weekend. There were indications that motorists were curtailing driving a bit too, and in California preholiday freeway traffic, after a sharp drop, was still about 5% below normal. Across...
...approached by a French bloodstock agent, Victor Thomas, who often acts for the Aga Khan. Perhaps hoping he could strike a deal with the prince, Thomas asked the American if he would resell the horses for a commission. Murty says that when he refused, Thomas threatened to have the sale killed, he pointed out that he had friends in the French government and in France's Jockey Club who would make certain that Murty's horses never left the country...
Exxon left the biggest surprise for last. The company hopes to have the energy-saving ACS for sale within a year if it can successfully buy Reliance Electric Co., a Cleveland-based maker of electric motors that had sales of $966 million in 1978. The takeover, which appears to be a friendly one, would give the oil company the electrical expertise and production lines that it needs to rush the new device to market. The trustbusters may object, since the oil majors are under attack for spending profits on non-oil diversifications. But the Department of Energy quite possibly will...
Encouraged, Jordan turned to the typewriter, determined to make a sale before the $3,000 in his savings account forced him to return to teaching. In 1970, just before the money ran out, his first article was sold to SPORTS ILLUSTRATED; since then he has handled dozens of magazine assignments and produced four other books including A False Spring, among the best books ever written about baseball-or, for that matter, about growing up. "I had to write that book," Jordan says. "It was my way of coming to terms with myself and what happened to me. Once...