Word: market
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Dates: during 1950-1959
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...origins of man, but while the great collections of North America and European primitive tools and materials could still be had inexpensively. Led more by an acquisitive instinct for relics of the past than by any definite set of anthropological objectives, the Museum took advantage of the low market...
...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...
...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 by 34%, the next year...
...push up the price the company must also raise the dividend. After a two-year study, C. Austin Barker reported in the Harvard Business Review that 75 companies that split their stock and raised the dividend quickly gained 18% in price over and above the rise in the market, held the gain six months later. But a group of 13 companies that split their stock without raising dividends temporarily gained only 5% in price, dropped back 8% below the market level by the end of six months. Nevertheless, in a rising market lower-priced, split stocks tend to move faster...
Odorless Odor Killer. A deodorant that has no smell of its own, tout kills any other odor by smothering it through a chemical reaction, will be put on the market soon by the McGraw-Edison Co. Used in a water solution, the chemical is now being distributed for use in hospitals and morgues by National Cylinder Gas Division of Chemetron Corp. Price: 90? for a 7-oz. aerosol...