Word: holdout
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Dates: during 1950-1959
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Where It Hurts. In Seisdon, England, Town Clerk Arno Romer Baskett explained how overdue rents will be collected from holdout tenants: "We will seize their television sets...
...Holdouts. The only significant color holdout, in fact, is New York City, which prints more big dailies (seven) than any other city in the U.S. Manhattan papers have shown little inclination to depart from the traditional black-and-white news package, and point, with some justice, to the poor quality and high cost of newspaper color and to reader indifference as reasons for staying in the black. A full-page color ad in the Chicago Tribune costs $6,324.72, v. $4,374.72 for black and white. Color equipment may require an investment of as much...
...nearby National Guard command post with a message on one of his calling cards: "Forty-five rebels want to surrender. They have laid down their guns. Please don't come in shooting." A Guard patrol surrounded the house, took the surrender. Three days later Medina's holdout leader, Pedro Joaquln Chamorro, editor-owner of Managua's anti-Somoza La Prensa, also gave himself up. That left 38 rebels still at large, scattered through the hills near the Olama River 65 miles northeast of Managua...
Hefty Charge. For years brokerage houses avoided the funds like the plague, fearful that they would hurt regular brokerage business. But most of them have come around. Main holdout: Manhattan's huge Merrill Lynch, Pierce, Fenner & Smith, which has never even deigned to mention the funds' existence in its financial letter...
...most remarkable phenomena of the bull market has been the rash of stock splits, and the way they have sent stocks 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...