Word: shared
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Dates: during 1950-1959
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...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 by another 19%. Other companies, such as General Motors (which...
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...
...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, U.S. industry is making people's capitalism one of the major sources of strength in the U.S. economy...
...carrier, marries Luisa (Gabriella Pallotti), he takes her home to a two-room apartment owned by his brother-in-law and already occupied by four adults and three children. The newlyweds manage to fit their bed into a corner of the smaller room which they share with Natale's parents and his sister, who turns out to be a peeping tomboy. Some nights, just to get a little privacy, the honeymooners sneak out and make love in the side yard. In this human hutch-with its clutter of furniture, racket of children and queues for the toilet-tempers...
...raise an estimated $10,000 necessary for each crew. The Friends of Harvard Rowing contributed one-half of the expenses last year and is expected to provide a substantial portion of the expenses again. The lightweight crew has already began trying to collect from oarsmen and friends the share it must raise to make the trip to England...