Word: firsts
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Dates: during 1940-1949
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...this quest has arisen the lustiest, fastest-growing phenomenon in U.S. finance: the investment trust, notably the "open-end" or "Boston-type" trust. Though the ailing securities market in general is barely breathing, the nation's investment companies sold $80 million worth of their own shares in the first quarter of this year, an increase of 26% over 1948. Said Edmund Brown Jr., president of Manhattan's fast-selling Fundamental Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year...
There are still some drawbacks. The big commission charged at the original purchase usually eats up the first two years' dividends. And as funds are usually invested in a wide segment of the market, they must inevitably depreciate when the market as a whole is going down. Thus, most investment companies will be just as healthy, in the long run, as the total U.S. economy. Their biggest virtue is that they are giving more & more small investors (stockholders now exceed 1,000,000) a widespread stake in that economy...
...some bright comic touches. Unfortunately, Irwin Shaw, who wrote the screenplay, and Director Chester Erskine, who stumbled about in surplus dialogue and plot, failed to exploit the story's skimpy elements of suspense. Take One False Step sets out to be a sprightly whodunit. After the first reel, it turns into a sad case of who cares...
...first to take pity on the wretched climbing-boys was Philanthropist Jonas Hanway, who in 1770 formed a "Friendly Society" and in 1785 published A Sentimental History of Chimney...
...Moscow after she had stuffed his best suit up the chimney and snipped the bristles off his shaving brush. In Atlanta, a divorce plaintiff reportedly told the judge that he was already separated from his wife: "She fired at me five times, your honor. I started separating on the first shot. By the fifth shot, your honor, I had completely separated." In London, Raymond Steiner was granted a divorce after charging that his wife hit him with a milk bottle, smashed a tumbler on his head, knocked out one of his teeth with a plate, battered him with a shovel...