Word: stocked
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Dates: during 1960-1969
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What Cambridge needs in more housing, particularly more law rent housing, to relieve immediate needs, but also higher cost housing to avert such potential pressure on the present low-rent stock. Rent control should be considered in the light of its effects on the overall housing stock of the City, and effect, at least in the long run, is likely to be negative...
...long run it would tend to damage--no improve--the housing situation in Cambridge. The rate of increase of rents might slow but this slackening would not be universal, and it would be at the cost of a gradual dilapidating and stagnation of the City's housing stock...
Multimillion Call. At Pan Am, Chair man Harold Gray and President Najeeb Halaby were rather chagrined to discover that Resorts had a call on al most 10% of the airline's common stock and could fairly easily become the largest shareholder. Looking into Resorts, they found that it was largely a family affair run by Crosby, 41, and some of his relatives. Crosby in 1958 had taken over the Mary Carter Paint Co. ("Buy One-Get One Free"); he later bought most of Huntington Hartford's interests on Paradise Island and sold the paint-making part...
...began looking into the sources of Resorts' financing and whether the company might be fronting for some bigger organization in an attempt to take over Pan Am. Legislation has been introduced in Congress to prevent any outside company from acquiring more than 5% of any airline's stock without approval from the Civil Aeronautics Board...
...American Stock Exchange barred trading in Resorts' shares until the company satisfactorily explained its intentions regarding Pan Am. Though Resorts disclaimed any interest in taking over Pan Am, the ban continued through week's end. Jim Crosby was rapidly learning that, as Gray put it, "the airline business is unique. It involves something more than just business with a dollar sign. It should not become a pawn on a chessboard in a financial game for profits. Pan Am is a king...