Word: walling
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Dates: during 1950-1959
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...effect he wants with the aid of an array of recorders and filters plus generators that may rumble, screech, thunder, and produce other items of planned flatulence. By varying the signals sent to the 20 loudspeakers spotted about the auditorium, Stockhausen can make his sounds swoosh along a wall, tinkle in a corner or explode over the head of the audience. He first roughs out his ideas on paper in a series of symbols, then goes to the studio to see what sounds will fit his imagined score, finally records on tape, splices, and re-records...
From the day Raider Louis Wolfson became chief stockholder of American Motors, Wall Streeters wondered what he planned to do with the 420,000 shares (7%) owned by him and his family. Last week the SEC enlightened them. It discovered that Wolfson had sold all his A.M.C. stock while publicly proclaiming his great faith in the company. Then he and associates had sold short at least 150,000 shares, i.e., sold borrowed stock in the expectation of buying it back at lower prices. After that, charged the SEC, they had made "false and misleading statements," and put out "bogus information...
STRONG INVESTOR DEMAND caused Wall Street's Lazard Freres to boost initial offering for its new mutual fund from 2,500,000 shares to 8,500,000. Fund will invest about $117 million...
...Wall Street glumly estimated a float of $100 million to $150 million worth of unsold high-grade bonds in dealers' hands, with another $500 million worth of new bonds scheduled for offering within the next three weeks. The market was so saturated that Standard Oil of California decided to withdraw a planned $150 million offering because the underwriters' suggested price was too high. A $20 million issue by Pacific Power & Light Co. was tough to sell even with a yield of 4.35%. Moreover, when two syndicates that had been supporting the AA-rated issues of Illinois Power...
...easy money. The Federal Reserve's open market committee continued its buying of Government bonds, thus helping stabilize the market. Moreover, it announced that for the week ending June 25, average free reserves of member banks hit $611 million and the highest level in 3½ years. To Wall Street it meant that there would still be plenty of money around for investment once the market settled down...