Word: boosted
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Dates: during 1950-1959
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STOCK-SPLITTING WAVE is rolling higher. Montgomery Ward proposes a 2-for-1 of its 6,502,378 shares (now selling around $100), will also boost its quarterly dividend from 75? to $1 on present shares, and hand out a year-end extra of $1.25. Other splits last week: Federated Department Stores (Boston's Filene's, Manhattan's Bloomingdale's, etc.), which will split 3,598,067 common shares 2-for-1; Phillips-Jones Corp. (shirts, men's wear), which wants to split 263,805 shares...
...TRANSPORT RACE between Boeing and Douglas is getting hotter. Braniff Airways has given Boeing a boost with a $30 million order for five 707s packing Pratt & Whitney J75 engines (v. smaller J57s on earlier 707s), will use them on both overseas and domestic runs. Sales score to date: 69 of Douglas' DC-8s, 60 of Boeing's 707s, including an option for five from Belgium's Sabena Airlines...
COLOR TV SALES, currently lagging because of high prices, will get a boost from a new CBS trade-in plan. To promote its big-screen-and high-priced ($895)-color set, CBS will credit buyers with the full purchase price of their old black and white receiver...
ALUMINUM EXPANSION will put Henry J. Kaiser in second place in the industry, bumping Reynolds back to third spot. Kaiser will spend $280 million on two new plants, one at Ravenswood, W. Va., and another at Gramercy, La., boost capacity 50% to 654,000 tons annually, right behind No. 1 producer Alcoa...
...like nothing better than playing Harvard in 1957," said Brisco Inman, Centre's Athletic Director. He agreed with members of the Crimson's 1921 team that Centre would make a fine non-Ivy League "breather" for the varsity, and that the game would boost the H.A.A.'s sagging home ticket sales...