Word: shared
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Dates: during 1950-1959
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...Covered Throne. For the duration of the conclave the cardinals-ranged on their thrones along the walls of the Sistine Chapel-in effect share the powers of the papacy. But from the moment the new Pope accepts his election, they revert to their usual status. To signify this fact, the cardinals tug heavy silken cords to drop the baldachin that hangs over each chair, leaving only the new Pope's throne covered. As the cardinals line up to kiss the Pope's slipper, knee and cheek, he faces for the first time the responsibilities that Monsignor Bacci defined...
...first 17 steelmakers in 1955, and the second-highest in 1956 and 1957, Granite City Steel's earnings dropped 38% in 1958's first half, partly because of the cost of its modernization program. But its earnings picture is once again favorable: third-quarter net per common share was $1.08, v. 75? a year ago, with sales of $88.7 million so far this year running about 6% under 1957. When its modernization program is finished, the company sees an even brighter earnings picture that may again restore its first rank...
Rather than press Smith's more than 30,000 alumnae for funds, Wright looks forward to resuming the work of scholarship. He points, however, to the success of his administration in wiping out Smith's deficit and tripling the endowment, and maintains that "I've done my share in money-raising...
Nonwhisky liquors have also bounced up, nearly doubling their market share since 1949 to 23%. The reason again is mildness: odorless, light-bodied vodka has jumped from virtually nothing to 6% of liquor sales. Scotch and Canadian whiskies have sliced into U.S. distillers' markets until imports are 13% of total liquor sales...
Each of the Monopoly players now personally owns about 15% (168,000 shares) of Seeburg's outstanding stock, and together their families control perhaps 45%. Coleman and Siegel have already given Seeburg hearty shots in the arm by introducing stereo jukeboxes, getting into the profitable cigarette vending business, giving new financial backing to Seeburg dealers. In the 1958 fiscal year ending this month, they expect Seeburg to earn only about 50? a share, owing mainly to the cost of scrapping unprofitable old products. Next year, with enough stereo orders already to run at full production well beyond the current...