Word: stocked
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Dates: during 1960-1969
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...match began as though the Crimson were on its way to a debacle on the scale of its 33-0 trouncing in Ithaca two years ago. At 123, Bob Stock of Cornell outclassed Bowie Henjyoji 6 to 0, and the Big Red's Bick Beck followed with a 2-1 speaker over Bing Sung at 130. Harvard captain Tom Gilmore halted the stampede temporarily by blanking Dick Fox 6 to 0 at 137, but Cornell's Don New sent his team into a 9.3 advantage by beating Bowie Durfee...
...Unit sales," says Federated's Lazarus, "no longer tell the whole story." Nowadays consumers quibble less over prices, instead insist on quality. As a result, stores are upgrading even bargain basements, and discounters must stock more expensive merchandise to compete. Few stores had a better Christmas than Tiffany's, where sales rose 30%. Explains Chairman Walter Hoving: "The excise-tax cut made people feel more prosperous. They spent their money on jewels." The A. & P. is grading up its image with the ultimate symbol of affluence: its own "A.& P. Champagne" (cost...
...drug companies making the pill, the most spectacular is a small firm that is both very profitable and much misunderstood: Syntex Corp. Syntex's common stock, which is being split two-for-one this week, is the most heavily traded issue on the American Stock Exchange, in 1965 rose in price more than any other stock on the exchange (from 64⅜ to 219⅝). Syntex is incorporated in Panama, operates largely in Mexico and sells mostly in the U.S. It is a leader in the field of steroid hormones, which includes the birth-control pills...
Benefiting from Research. Because Syntex's stock has been so volatile, some Wall Streeters have been skeptical of the firm's future once the pill boom lags. But only about 20% of the U.S. women who could use the pills now do so, and most of the overseas market has barely been tapped. Moreover, Syntex's research in hormones and nucleic acids is right where major new-drug discoveries are most likely to come. Even now, Syntex is benefiting from its research. Its earnings in the latest quarter jumped 236% (to $5.9 million) and sales climbed...
...argument U.S. bankers could make was that they were more progressive and flexible than European competitors. Following long tradition, European banks are capricious with commercial loans, often tend to favor companies in which they hold stock interests. U.S. bankers generally provided faster service and better terms. For European companies interested in international trade, American bankers also offered the advantage of worldwide branches, faster interchange Of capital and more exact credit ratings on overseas customers. The argument has been persuasive. France's government-owned Renault, establishing an automobile-assembly plant in Buenos Aires, turned to Bank of America to handle...