Word: staid
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Dates: during 1950-1959
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...famous kind that made Tories whoop as for Blenheim, Waterloo or Mafeking. "I reckon that 100,000 bottles of bubbly were consumed within an area of four square miles of London," said a nightclub owner after glittering thousands had danced, drunk and cheered till dawn. The staid London Stock Exchange erupted in an exuberant burst of buying as morning-coated brokers shouted bids at lung-top, stood on chairs to make sure their bids were recognized; industrial shares soared 16.1 points for the biggest rise ever recorded in a single day. The box score of Macmillan...
...female passengers. Last week all England was agog over a real-life-setting of The Captain's Table. The captain: a tall, debonair Irishman named James D. Armstrong, master of the 28,000-ton Cunard liner Britannic, The plot: he had been royally sacked by Britain's staid, prosperous Cunard Steamship Co. just a few months before he was due to become master of the Queen Mary, and eventually commodore of the line...
...former Londoner (now an inhabitant of staid Switzerland), I couldn't sympathize more with the Billy Grahams' embarrassment after strolling through London's parks [June 22]-the sights to be seen are uninhibited and revolting...
...most remarkable phenomena of the bull market has been the rash of stock splits, and the way they have sent stocks scooting up. Staid old American Telephone & Telegraph, for 73 years a holdout against splitting, soared 65 points from 202 within a few weeks after its 3-for-1 split announcement. So popular has splitting become that 80 major companies have registered or announced splits this year, and Wall Streeters feel sure that the old record of 181 splits (in 1955) will be topped before the year is out. While stock splits have gladdened many a stockholder, they have produced...
Much of the responsibility for wildly gyrating stocks can be blamed on the exchange and brokers. A new investor's first purchase may be a staid mutual fund. Now, according to Mutual Fund Specialist Arthur Wiesenberger, fast-talking customers' men have been switching customers out of mutual funds into highly speculative stocks with the promise of quick killings. Many a customers' man will offer ways to get around the 90% margin requirements. Customers arrange loans with "specialized finance houses," which permit buying with only 10% down. It is this "easy money" that has caused some rapid rises...