Word: sec
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Dates: during 1950-1959
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Baby-faced Kee Yong Ham came in first (2 hr. 32 min. 39 sec.). With true Korean courtesy, he announced that he was disappointed because Korean Champion Yun, who placed third, was not able to win. Yun, suffering from leg cramps and a pre-race injury, had barely caught John Lafferty of Jersey City with a closing 100-yd. sprint to make the Korean sweep complete...
...collateral all in one package for the RFC loan, Texmass had to get it from the investors by exchanging stock, a transaction that required it to file a prospectus with SEC. Texmass admitted in the prospectus that its securities "have no present value and that any future value thereof is very remote and is dependent upon future development of substantial oil and gas reserves which cannot be counted upon." Its SEC prospectus also admitted that earnings would be "insufficient" to repay the RFC loan in ten years...
...yard dash--won by Carter. Time--10.2 sec. 220-yard dash--won by Carter; 2, Thayer. Time--22.4 sec. 440-yard run--won by Thayer; 2, Grutzner. Time--50.8 sec. 880-yard run--won by Berman; 3, Downey. Time--2:00.8 One-mile run--2, Cairns. Two-mile run--3, Paker. 120-yard high hurdles--won by Durakis; 2, McCormick. Time--15.9 sec. 220-yard low hurdles--won by Durakis; 2, McCormick. Time--25.4 sec. Mile relay--won by Harvard (Tsavarias, Grutzner, McGrath, Walsh). Time...
...investment trusts are the wonder children of the securities industry. In ten years, their assets have jumped from less than $500 million to almost $2 billion. But as the children grew, the Securities & Exchange Commission thought that some of them had picked up bad habits. Three months ago, SEC got together with leaders in the investment company field, for a heart-to-heart talk about the selling methods of some of the funds' underwriters and dealers. Some of them, complained SEC, were advertising their shares as "guaranteed by the Government," "like a bank deposit," or "better than savings bonds...
Hearstling Igor ("Cholly Knickerbocker") Cassini, who is a natty dresser, named 1950's Worst Dressed Men of the World. Top of the list: Prince Aly Khan, for going to the races in yellow socks, orange shoes and a green tie. A close sec ond: Texas' Senator Tom Connolly (for looking "like a country bumpkin" while heading for the Senate Foreign Relations Committee). Runners-up: Manhattan Socialite Alfred Gwynne Vanderbilt (for not buying a new hat "in the last twelve years"); Wrestler Gorgeous George (chiefly for his peroxide curls...