Word: stocked
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Dates: during 1960-1969
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Truman's words fell like thunder claps on banks and stock markets from Wall Street to Tokyo, but their impact was most pronounced in Washington-particularly on the man in the White House. Lyndon Johnson is something of a Populist who agrees with Truman that money should be easier. But-as with so many other things lately-he has done nothing to offset the rising rates except talk about them. Truman's prodding stung him sharply. "I, too, am concerned about the interest-rate rise and what it means to many Americans," protested the President, but he denied...
...boats chosen for last week's championship on Long Island Sound were Shields class,* stock 30-ft. fiber glass sloops that sell for $8,000 each and are as alike as a school of anchovies. After the first two days, Boston's John J. ("Don") McNamara, 34, and Darien, Conn.'s William Cox, 53, were so far over the horizon that no one could catch them. McNamara, a bronze medal winner in the 5.5-meter class at the 1964 Olympics, was ahead with 371 points (1, 1, 3, 2, 1). Barely 2½ points behind...
...toward the time when speculative fever will subside. "The market will stop going down," he says, "when people stop trying to make huge profits in short periods of time." Lewis Schellbach, executive vice president of Standard & Poor's, thinks that some investors are worried enough to dump their stocks. "This decline has gone so far that we really need a selling climax," he says. Said James Hart, a Lehman Bros, partner: "For the near future, the trend is down. But how far, and for how much longer, is in the realm of conjecture." Among stock watchers he would find...
...worry was that half the $1 billion would come from his emergency funds and the other half from a direct raid on the Treasury, thus adding to the federal deficit. Congress provided the other $3.76 billion by authorizing the Treasury to buy $110 million more of Fannie Mae preferred stock (also deficit inflating) and by raising the agency's authority to borrow private money from ten to 15 times the value of its capital...
...buried in the graveyard, George Washington, and even Pirate William Kidd, whose affiliation is commemorated by a plaque in the luxuriously carpeted vestry room. Later, such wealthy worshipers as John Jacob Astor contributed more marketable assets than whales to Trinity. Today, a vestry that includes New York Stock Exchange President Keith Funston and George A. Murphy, board chairman of the Irving Trust Co., carefully shepherds an investment portfolio that helps pay the salaries of a 150-man staff, including 25 priests...