Word: melons
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...G.M.C. Melon...
...American Telephone & Telegraph Co. As stockholders, they have been delightfully anxious for six months. So have brokers in Wall Street. The company in six months has earned much money. Wherever two or three traders have been gathered together it has been whispered that the company would "cut a melon," market jargon for an increased dividend...
Last week sparse-haired, big-browed Walter Sherman Gifford, nervously alert A. T. & T. President, told a convention of railroad and utility commissioners at Dallas, Tex., that to cut a melon was poor policy. Said he: "Earnings must either be spent for the enlargement and improvement of the service furnished or the rates charged for the service must be reduced." And the A. T. & T. stock (which had risen during the year from a low price of 149¼ to a high price of 185½) sank to 173 as expectations of added profits vanished. Brokers trading...
...called but failed. Judge Gary had proved himself as good a labor organizer as the unions had; again proved himself the next man's equal at improving his own ethics. Stockholders liked him. Besides paying them their regular dividends Judge Gary for years promised them a fat melon-cutting...
...When the melon came last Christmas it measured forty percent. Investors appreciated him. His business predictions based on his own key industry were invariably worded as cheerfully as possible. Biographers praised him after they had penetrated the colorless exterior of a man who, to promote the impersonal ends of a vast and complex organization, submerged his own personality. After he moved to Manhattan he collected art, raised fine cattle, went to the opera. But just before he left Wheaton, Ill., to be head of the Federal Corp., a friend found him sitting with his hunting coat...