Word: spurted
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...France last week, Gislebertus was enjoying a sudden spurt of fame. Just out was a scholarly book about him (Gislebertus: Sculpteur d'Autun; Trianon Press), and an exhibition of photographs of his sculpture let the public see clearly details that in the Autun church are set too high or lit too dimly for close inspection. The French were obviously delighted by their new celebrity. Culture Minister Andre Malraux pronounced Gislebertus "a Romanesque Cézanne...
Defense stocks have taken a spurt on expectations of greater defense spending. Lockheed has risen 13 points from its 1960 low of 18-despite heavy 1960 losses -and jumped five points last week on news that the Administration plans to step up the Polaris missile program. The success of last week's Minuteman missile shot helped send up Boeing, the prime contractor, and Thiokol, maker of the first-stage engine...
Unlike gold, whose recent London price spurt bedeviled the U.S., a rise in the price of silver would be good news to the U.S. Treasury. The Treasury's vaults have had an unwanted silver lining ever since the Silver Bloc of Western Congressmen pushed through the Silver Purchase Act in 1934. That Depression-inspired law requires the Treasury to buy silver at an official price whenever U.S. silver producers want to sell, until its holdings equal 25% of the federal monetary reserves. The official price was set above the free market price and has since been raised twice...
While false or flashy stock pumping may result in a sudden spurt, stock juggling often means only trouble in the long run. A stock that is constantly running up and down on unfounded rumors soon gets a bad name among long-term investors, the type of stockholder that corporations want. All Wall Street might take a lesson from the biggest U.S. company, American Telephone & Telegraph Co. Last week it announced an increase in its dividend (see State of Business) without so much as an advance whisper reaching the Street...
...Uncle Sam shaved off his sideburns) seem to have effected precious little difference in the Tennessee tomcat. At 25 he still looks 17, still holds his li'l ole "gweetar" at crotch level and lets the spasms run through his legs while his eyes glaze and unintelligible phrases spurt from his doll-baby mouth. Between ballads he still looks like the hero of a girl's school Hamlet...