Word: stocked
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Dates: during 1960-1969
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...Fortas-who is a rich man, a legal scholar, a violin virtuoso and a collector of art and antiques-really address himself to the key question posed by LIFE: Why would a man of his legal brilliance and high position do business with a well-known corporate-stock manipulator known to be under federal investigation...
Turnaround. Only two of the eight leaders-the average manufacturing work-week and prices of industrial materials-are still rising. The other six point down. Among them are the pace of nonfarm hiring, the ratio of prices to manufacturing labor costs, and stock prices as measured by the Standard & Poor's index of 500 stocks. The stock indicator does, however, show a rise for April. Overly excited by European political events and peace prospects in Viet Nam, investors sent the 500 up by 2.28 points last week to close at 104; the narrower Dow-Jones average of 30 industrials...
...also have pointed out that profits revolve in a self-regenerating cycle, providing the impetus for new and expanded ventures, which in turn crank out more profits. When earnings are high, employers can afford to be generous with pay raises. Profits are also the major force that sends the stock market up-or, in their absence, down. And the market's performance has much to do with the hopes and disappointments of the 26 million Americans who own stock and the 100 million or so others who participate indirectly through pension and profit-sharing plans...
Sluggish profits are certain to affect salary levels, dividends and stock market prices. Eventually, falling profits would hit employment. It is widely agreed that the economy must be throttled back. The trick now is to run the engine so that it can speed up as swiftly as it can slow down...
...high-yield wheat strains in Asia, improved fertilizer and increased irrigation-have coincided with successive years of beneficent weather to produce a bumper crop of wheat. India and Pakistan, both traditional grain customers, have increased wheat production by 40% since 1966 and are now near self-sufficiency. The total stock in wheat-producing nations is 51 million metric tons, or almost the same amount of wheat that has been exported annually in world trade...