Word: publically
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Dates: during 1950-1959
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When a privately held company with only a small issue of stocks offers its shares to the public for the first time, it usually has to split to sell in a popular price range. The stock of Upjohn Co., valued at $1,125 a share, was split 25 for i before public sale so that the price to the public was $45 a share. Similarly, when the Great Atlantic & Pacific Tea Co. wanted to sell a large block this spring, it first split the old shares, selling at around $500, so that the price to the public...
...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...
...crash program to nip a developing polio epidemic, a U.S. Public Health Service team recommends quick inoculation of the unvaccinated with a whopping shot of Salk vaccine-10 cc., or ten times the dose now given in each of three injections. In the New England Journal of Medicine they report no ill effects from such doses in volunteers, and much quicker development of immunity...
...Sica; Trans-Lux) is one of the few memorable films produced in almost a decade by the once-daring Italian movie industry. In ailing postwar Italy, cinema was briefly practiced as a kind of social medicine. But the would-be healers prescribed such a bitter pill-neorealism -that the public refused to swallow it; most of the famed Italian films of the late '40s won rave reviews but lost money. In this picture, made in 1956, the ablest of the neorealists-Director Vittorio De Sica and Scriptwriter Cesare Zavattini, who together produced Shoeshine and The Bicycle Thief-sweeten their...
...Capone (Burrows-Ackerman; Allied Artists) is amusing proof of the old saw that each generation rewrites history in its own image. In the lurid cinemythology of the '30s, Capone was glorified by Paul Muni (Scarface), Edward G. Robinson (Little Caesar) and James Cagney (Public Enemy) as a snap-brim Satan. In the sober retrospect of the '503, he is reduced by Rod Steiger to a mere whitecollar, clean-desk psychopath-a sort of organization maniac...