Word: feeling
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Dates: during 1950-1959
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...Tiernan: "Oh, hell no!-sorry." On a pickup from the Chicago wingding, Adlai Stevenson defined hell-giving Harry as "an irrepressible member of the non-Beat Generation." When the long love feast ended, the guest of honor was moved as seldom before: "I can't express what I feel because, if I did, I would be unable to talk." Next day, with wife Bess at his side, Harry Truman took a train back to Independence...
...Chris-Craftsmen feel that the fine old seagoing word "head" smacks too much of hair on the chest and tattooed muscles; the company's admen are looking for a word that nicely defines the head's function at the same time that it denotes a commodious enclosure...
...scooting up. Staid old American Telephone & Telegraph, for 73 years a holdout against splitting, soared 65 points from 202 within a few weeks after its 3-for-1 split announcement. So popular has splitting become that 80 major companies have registered or announced splits this year, and Wall Streeters feel sure that the old record of 181 splits (in 1955) will be topped before the year is out. While stock splits have gladdened many a stockholder, they have produced a good deal of misunderstanding and confusion among others. They have also stirred opposition from some financial experts...
...most fervent opponents of splits are old-line managements who feel that the high price of a stock is synonymous with quality. Splitting a blue chip selling at $100 so that it sells at $20 would wash out its blueness. Superior Oil of California takes a defiant pride in the fact that its stock sells at $1,850 a share...
...Atlantic Refining was selling at $86 and losing stockholders when it split its stock in 1952. In the following few months its list of stockholders increased by 34%, the next year by another 19%. Other companies, such as General Motors (which has had two splits since 1946), feel that every stockholder is a potential customer or an unpaid salesman and publicity man; therefore the price of the stock should be kept low enough to lure buyers...