Word: swaps
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Dates: during 1950-1959
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...announced that General Dynamics will diversify still more by taking over 61-year-old Stromberg-Carlson Co., which does a $65 million annual business in radio and TV sets, telephone switchboards and public-address systems. The merger will be accomplished, stockholders willing, by a share-for-share swap of stock...
...Avery charges point by point. He said that he had raised Capital Transit's annual earnings from $332,000 to more than $1,000,000, eliminated its funded debt. He said he made not $816,000 but considerably less on the Merritt-Chapman & Scott-Shipbuilding stock swap, and anyway, it was all "paper profit." Yes, his firms bought from one another, but only when they were the bona fide low bidders. Actually, such purchases amounted to only 1.75% in the case of New York Shipbuilding and 75% for Merritt-Chapman & Scott. Charged Wolfson: Montgomery Ward is "the poorest managed...
Scruples & Swaps. Gingerly, the other ministers explored Nehru's views on Formosa. It was soon apparent that Nehru, with milder backing from Ceylon's Sir John Kotelawala, simply thought that the U.S. should abandon the Nationalists. The others, with some individual variants, favored Eden's plan, which would swap the offshore islands and U.N. recognition of Red China for a cease-fire and Communist acceptance of a neutralized Formosa...
Both economies are eager to industrialize, but lack necessary foreign exchange; both produce goods that have difficulty competing in world markets (Turkey's wheat is inferior, Israel's manufactures overpriced), so they swap. Last week, to exchange-short Turkey, Israel granted new credits of $4,500,000. It was a returned favor; last year it was Israel which was caught short and saved by Turkey...
...outset of a Plain Bob Major,t the bells are sounded in sequence (known as "rounds"), i.e., 12345678. Then changes are rung: 2143-6587, 24163857, 42618357, etc., through all the possible combinations. To complicate matters further, variations are obtained when the conductor calls for "bobs" or "singles" (two bells swap their places out of sequence or dodge backwards among other bells). Eight bells have been rung to their full "extent" (40,320 changes) only once: in 1751, by relays of 13 bell ringers working for 20 hours straight. But modern competition rules, set by the Central Council of Church Bell...