Word: traded
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Dates: during 1940-1949
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Collisson had traveled thousands of miles around Western Germany, driving his own Pontiac or catching a sleeper, to tell large groups of Germans exactly what the Marshall Plan is-and is not. With an interpreter at his shoulder, he had spoken to chambers of commerce and trade unionists. His booming voice had carried sincerity and conviction. His audiences had invariably become so interested that they stayed to shoot questions at him for an hour or two after a speech, and hurried away like salesmen after a pep talk...
...help had not resolved Holland's overseas mercantile problem-how to restore trade with Indonesia and her once lucrative transoceanic shipping in general. But ECA's pressure had helped bring about one solid achievement long dreamed by the Dutch: economic union with their Benelux neighbors, the Belgians and Lux-embourgers...
They had launched the Intra-European Payments plan, also known as "the little EGA." This is an important financial device which has had marked success loosening log jams in European trade. The Italians, for example, cannot buy goods from Belgium because they lack Belgian currency. The Belgians, therefore, agree to grant the Italians the necessary exchange to buy Belgian goods. Then EGA in Washington reimburses the Belgians with an equivalent grant in ECAid. Thus the U.S. dollar works "twice"-for the Belgians, and through them for the Italians. This device has released some 810 million U.S. dollars of intra-European...
...store can be too exclusive for its own good. In his first three days, his door was darkened so rarely by customers that receipts totaled only $4.98. Business has been picking up ever since. Tiffany's began unobtrusively to court foot-slogging shoppers as well as the carriage trade; this week its chaste ad in the New York Times offered gold brooches for $34 as well as a diamond pin at $6,650. In its store at Fifth Avenue and 57th Street are private buying rooms, where rich clients can inspect $200,000 necklaces at their leisure...
This combination of carriage and foot trade has made Tiffany's rich, and its stock a sapphire-blue chip. Tiffany's shareholders are a far more exclusive group than its clientele; outside the families of the founder and of the longtime partners, there are only about 200 stockholders, who now own close to 50% of the 12,000 seldom-traded shares. Last week Tiffany's got ready to let more of the public in. At their annual meeting, stockholders voted to split the stock (currently quoted in over-the-counter trading...