Word: keeps
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Dates: during 1950-1959
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Then what of church schools that keep high academic standards and teach religion as well? Agnostic Lekachman warmly supported the right of churches to maintain them, and just as warmly opposed tax aid for them. The public school has "primacy" in a free society, he felt, because it is "an ally of social tolerance, class fluidity, and the open mind." It is the one agent that may postpone choices "until they can become the acts of adults rather than the reflexes of children . . . The public school is too valuable to encourage alternatives to it." With much of this Rabbi Gordis...
...most Wall Streeters and nearly all stockholders like splits. A split produces an optimistic psychology among investors; it seems to promise that things are going well with the company, especially when the split is accompanied by a hike in the dividend. Corporations like splits because they keep the price low, broaden the market for their securities. Many an investor would rather buy 100 shares at $15 a share than ten shares at $150. 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...
More extreme advocates of splitting say that all U.S. corporations should split their stock so that it sells at $10 to $15, where it can compete with mutual funds. Many funds price their shares in this range (e.g., Lazard Fund, One William Street), keep splitting so that prices remain low. Says Harold Clayton of Hemphill, Noyes & Co.: "A. T. & T., at 20 or 10 or 5, is a blue chip regardless of its selling price...
...whole, stock splits serve a good purpose by bringing the price of blue chips down to what the public likes to pay. They also enlarge the supply of stock to keep up with corporate growth. Otherwise, as institutions have stepped up their buying of blue chips, the supply of stocks would have become so short that the price would have climbed far above the level that the public could afford. IBM would scarcely be widely held if it had not had many splits; one share today would cost more than $17,000. Thus, by seeking out new stockholders by splits...
Redhead. Musicomedienne Gwen Verdon is loaded with talent and gallantly spends it all to keep this ne'er-do-well musical whodunit solvent...