Word: tobacco
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Dates: during 1960-1969
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...since 1926; it meant that an investor who bought 100 shares for $2,750 when IBM was founded 52 years ago would now have 19,231 shares worth $9,557,800, along with $586,300 in dividends. Speaking of dividends, such corporations as Borden Co., Olin Mathieson and American Tobacco raised theirs last week on the strength of sturdy earnings. Even Jersey Standard, whose earnings slipped 1½% to $1.04 billion last year, felt secure enough to raise the quarterly dividend from...
...head off precipitate action by Africa's angry extremists. "We believe the policy we are following," Wilson said, "is right, appropriate, and will be effective." He could point to the fact that British sanctions have already cut Rhodesia's main exports 90% -including sugar, tobacco, copper, chrome, steel and meat. American importers are boycotting Rhodesian asbestos and lithium; Japan banned Rhodesian iron imports starting April 1. Even with strict gasoline rationing (one gallon a week for small cars, two gallons for large cars), the country has only an eight-to twelve-week supply left, and a few patriotic...
Commodities or Cash. What swappers want frequently requires at least a three-way trade. In Moscow, state-owned tobacco stores recently offered Muscovites unaccustomed to blended tobaccos West German cigarettes at 33? to 38? a pack. The West Germans had accepted Bulgarian tobacco in exchange for cigarette-paper machinery, processed much of the tobacco into cigarettes that were sent back to Bulgaria; the Bulgarians shipped them on to Russia in payment for more machinery. Sometimes, the trade is not so simple. Lebanon, burdened by a glut of apples, managed to swap some to Jordan in exchange for 40 army tanks...
...factories needed the young as workers. Compulsory education was sold to the House of Commons largely as a device to keep the growing number of unemployed agricultural workers under 15 from "idling in the streets and wynds; tumbling about in the gutters; selling matches, running errands; working in tobacco shops, cared for by no man." The time spent in school fitted them for jobs in the new industrial world, and the young acquired greater economic importance than ever before. On the Continent, they also began to perform an entirely new political role in the liberal revolutions of 1848. They manned...
...soldiers in Viet Nam for Christmas. Hundreds of thousands of Americans, it seemed, had responded to the same gut reaction that moved Virginia Beach, Va., Housewife Betty McKenzie, co-chairman of a gift-collecting group that came up with 8,440 shoe boxes full of socks, tobacco, razor blades and candy. Said she: "It was our answer to draft-card burners, beatniks and anti-Viet Nam demonstrators...