Word: seconder
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Dates: during 1960-1969
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...Reserve Board expects capital spending to rise fully 12½% to $72.2 billion. Most of that increase has already occurred, and the Board forecasts a spending rise of only $55 million during the fourth quarter as against a $3.1 billion jump in the second quarter...
Annual interest rates on Eurodollars have fallen to 11 % from a peak of 13% , which was reached for a day or two in the second quarter. U.S. banks had been borrowing huge quantities of such dollars on deposit in Europe in order to meet their loan commitments at home. Lately the banks' appetite for such deals has been declining. Of more immediate interest to consumers, mortgage interest rates have declined ever so slightly. Mortgages auctioned off to private investors last week by the Federal National Mortgage Association brought an average yield of 7.8%, down from a peak...
...When his second son, Barron, first approached him about a job in 1946, Hotelman Conrad Hilton was less than enthusiastic about the idea. A college dropout about to become a father at 19, Barton had far to go to prove him self as a businessman. Nor did he agree with his father's evaluation of his tal ent. Barren said that he would not work for less than $1,000 a month. Conrad was not willing to pay him more than $150. The young man decided to go into business for himself...
...been heard more frequently than in New York City, where giant Consolidated Edison Co. has blamed conservationist opposition to its expansion plans for its difficulties in meeting growing demands for electric power (see ENVIRONMENT). Last week consumer wrath fell in almost equal measure on the New York Telephone Co., second largest in the Bell System. At a hearing called by the State Public Service Commission to investigate complaints of poor service, witnesses railed about everything from Manhattan's grossly overloaded Plaza 8 exchange to pay telephones in which the only working parts seem to be the coin slots. William...
...recently chosen to mark the game's 100th anniversary, the man named history's foremost manager was John Joseph McGraw. His selection was virtually incontestable. More than any other man McGraw transformed baseball from a rustic game of stark individual power into a scrambling contest of split-second team prowess...