Word: standardized
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Dates: during 1950-1959
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...Dependents. With but 6% of the population, the U.S. produces and consumes almost 50% of the world's annual output of goods and services. Yet if Americans tried to make do without foreign trade, their standard of living would dwindle overnight. There would be no coffee, tea or bananas in the U.S. shops; sugar and pineapples would be priced skyhigh. Telephones (which need 48 different materials from 18 foreign countries), automobiles (300 items from 56 foreign countries) and shoe polish (eight items from abroad) would be scarce and more expensive. Said Harold Stassen last year: "The U.S. depends...
PARIS STOCK MARKET is booming as a result of France's economic recovery. Many small savers now have enough confidence in the future to sell their hoarded gold to invest in stocks. Some of the biggest gainers since last January: Esso Standard, which climbed from $27 to $257 per share, Suez Canal Co., which went from $243 to $355, and Schneider-Creusot steel and arms works, which nearly doubled, to $47 per share...
OVERSEAS OIL investment will soon get a big boost from Shell Oil Co. and Standard Oil of California. Shell, in association with Anglo-Iranian Oil Co., Ltd., will spend $40 million to build Ceylon's first oil refinery, turn out 1,200,000 tons of gasoline and other products annually. Standard will do the same for Hawaii by building the islands' first major refinery at a cost of $30 million, including facilities to refine 30,000 bbls. of oil daily, enough to take care of most of Hawaii's retail needs...
...corporate stock. Under the theme "Own Your Share of American Business" we are attempting to educate the American public about the importance of equity capital in providing all of us with jobs, in making possible the production of new products devised by industrial research and in raising the standard of living of each and every American. We are pointing out the risks and rewards of common stock ownership as well as the need for adequate financial reserves and life insurance as prerequisites to investment. We are explaining the role of the Exchange in our economy and the services which...
...graduate of the Harvard Business School in 1934, Funston started his business career with the American Radiator and Standard Sanitory Corp., in 1936. Five years later he joined Sylvania Electric, but only briefly. In 1941 he was granted a leave of absence to serve as assistant to the Chairman of the War Production Board. Three years later, at the age of 33, Funston was named President of Trinity.G. KEITH FUNSTON has been president of the New York Stock Exchange since resigning from the presidency of Trinity College in Hartford, for Wall Street...