Word: investors
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Dates: during 1950-1959
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People who think that the best way to make money in the stock market is to buy and hold tight, got some support last week from Thomas J. ("Think") Watson, chairman of International Business Machines. For his stockholders, Watson calculated that an investor who bought 100 shares of I.B.M. for $2,750 in 1914, and exercised all subsequent purchase rights, would have spent a total of $6,364, would have got cash dividends to date of $153,404, and would now own stock (swollen by splits and stock dividends to 2,894.14 shares) worth...
Last week, the FBI arrested three men in New York's Grand Central Station, charged them with having $25,000 worth of the counterfeits, and with trying to sell them at one-third of their market price to an FBI agent posing as an investor. Those arrested, the FBI think, were only middlemen; the actual counterfeiters are probably still at large-and so are other counterfeit bonds...
...which had the wind knocked out of it by poor third-quarter reports, continued to drop last week. Industrial averages reached their lowest point since last July. Even stocks like Jersey Standard, whose net profit reached a new high (see Earnings), went down in the heavy selling. Many an investor was plainly undecided about the future-and such investors usually sell and sit on the sidelines while they make up their minds...
Lahr worked in radio. He played Harvey on the road. To the delight of his admirers, he did the part of Skid Johnson in a revival of the old hit, Burlesque. It ran longer than the original. He had always saved money; as an investor in stocks he also made some profits on the new bull market...
...bring 85,000 new investors into its 106 offices during 1950, Merrill Lynch spent more than $1,000,000 in research, advertising in newspapers and magazines, films, and exhibits at county fairs, women's clubs. It ran a three-page solid text advertisement in TIME. The new investor's interest in the market, said Senior Partner Charles E. Merrill, was caused by the realization that common stocks are the best hedge against inflation...