Word: overing
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Dates: during 1940-1949
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The neighbors soon stopped worrying about young Albert Schweitzer, who began to grow up as straight and strong as an Alsatian pine. But his mother still had cause to weep-over his report cards. The first-rate education to which he was entitled as a parson's son, and...
Out of this quest has arisen the lustiest, fastest-growing phenomenon in U.S. finance: the investment trust, notably the "open-end" or "Boston-type" trust. Though the ailing securities market in general is barely breathing, the nation's investment companies sold $80 million worth of their own shares in...
From its original 200 stockholders and $50,000 capital, M.I.T. has grown to 68,000 stockholders and assets (as of last week) of $211.1 million. Over the years it has paid out about $14 million from capital gains and nearly $100 million in dividends. Though it has large blocks of...
The Payoff. Big or little, investment companies have one major service to sell: their ability to buy stocks wisely. How well have M.I.T. and Keystone done? A "management rating" system devised by Hugh A. Johnson, a Buffalo broker, gives a clue. Johnson invested a hypothetical $10,000 in each of...
America's biggest bargain counter closed down last week; the War Assets Administration officially expired. For the $25.2 billion worth of surplus property (original cost) which WAA sold in a little over three years, it got $4.2 billion.