Word: investors
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Dates: during 1950-1959
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...owned, and of these only eleven have some degree of Australian ownership. But the Aussie who invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel) are all up 50% in a year, while Colonial Sugar Refining has jumped 70% and Rothmans Ltd. (cigarettes) a whacking...
...ownership dispute. Plan calls for 60% of shares to be sold to the public, 20% to be held by Bonn, 20% by Lower Saxony. To prevent majority control by a single group and to spread ownership as widely as possible, the $25 shares will be rationed five to an investor. To attract lower-income customers, initial sale will be restricted to German citizens making less than $4,000 a year...
...Treasury wanted to raise only $2 billion on its new 5% note, aimed to attract the little investor. But the demand was so great that $11 billion in orders poured in last week. "There was such a crowd on the floor," said the vice president of a New York mutual savings bank, "that for a moment I thought there was a run on the bank." All over the U.S., investors pulled their money out of their institutionalized socks to buy the four-year, ten-month issue, which finance officials have gleefully dubbed the "magic fives."* The New York Federal Reserve...
Uncertainty over settlement of the steel strike and tightening money last week alarmed many an investor, and the stock market suffered a sharp selloff. The Dow Jones industrial average dropped 9.90 points to 645.90, lowest since June 29. then rallied at week's end to close...
...much like the radio-repair shops and jobbers that surrounded them. To finance samples of new products, the founders dug into personal savings or tapped friends. Cash came from such risk-minded organizations as American Research & Development Corp., which sponsored many science companies (High Voltage, Tracerlab), and from individual investor groups such as those of Laurance Rockefeller, who now is sponsoring one of 128's newest, Geophysics Corp. of America. As the prototype models succeeded, the young companies outgrew their quarters and moved "out to the highway...