Word: trade
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Dates: during 1950-1959
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...certain, but basically the loan's function will be to provide a dollar prop for Chile's sagging peso, hard hit by a world slump in copper prices. Last week the peso was so shaky (off from 493 to the dollar to 780 at the free-trade rate since April, 1956) that Chileans were forced to stop all imports from the U.S. by ordering importers, before taking delivery, to deposit 10,000% of the import item's value in an escrow account for 90 days...
...industry's companies-among them: Standard Oil (N.J.), Socony-Mobil, Shell Oil, Gulf, Tidewater, Phillips Petroleum-for allegedly using the Suez crisis 19 months ago to fix prices of crude oil and gasoline, accused them of violating Section 1 of the Sherman Antitrust Act by conspiring to restrain trade. It was the first large-scale criminal price-fixing case against the industry in more than 20 years, and one that oilmen promised to fight to the bitter...
...General Foods grow big, but it became one of the nation's best-managed companies under two chief executives as famed for their public service as for their business savvy. Clarence Francis, president and later chairman between 1934 and 1954, has been a top food and foreign-trade adviser to Presidents Roosevelt, Truman and Eisenhower. His successor, Mortimer, was chairman of the star-studded Advertising Council from 1947 to 1950, headed the United Community Campaign fund last year. Under him, each General Foods' sales dollar has brought a pretax profit of 10? v. 7? for its chief competitor...
Many an executive has rediscovered an old truth: he should spend his time minding the store instead of wasting time on other affairs. Cambridge's National Research Corp. recently went through its long list of trade associations, discovered that it belonged to too many and promptly resigned from 80% of them. President Richard S. Morse decided too many valuable executive man-hours were lost at trade meetings. And as they spend more time on business, executives have reached some surprising conclusions about themselves. After a critical study of his company, President Hugh F. Colvin of Pasadena's Consolidated...
...next five years, Turner expects another 100% increase in his high-flying bottoms, with a 125% boost on the Pacific route to the U.S. and Canada. Says he: "Australia is virtually isolated. Trade is vital; development is vital. Qantas has a major role to play in both...