Word: staid
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...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...
...slithered along the walls, caromed in crazy zigzags, whupped out of the corners at speeds over 50 m.p.h., or died on the floor in tiny, whirling bounces of reverse English. Flailing away with either hand, the scurrying players ricocheted shots off all four walls and the ceiling. At the staid Los Angeles Athletic Club, the ninth annual championship of the U.S. Handball Association was in full swing...
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...
...changes to Harvard: plastic trays replaced china in the dining halls, and hundreds of WAVES swamped Radcliffe; the Lampoon and the Advocate suspended publication, and the CRIMSON became the Service News; the College was in session all year, and the fervor of a nation at war pervaded the usually staid Cambridge scene. Just as World War II did things for Harvard, however, the University did things for World War II. 25,540 of the almost 100,000 living alumni and students served in the Allied forces and 455 of them never returned. In addition, 654 Faculty and staff members...
...Ford Thunderbird), the auto buyer can have anything but a few top models. Everybody is getting into the merchandising act, moving up, down, and all around to tap a foreign-car import market that is expected to top 500,000 units this year. Even England's staid old Daimler, best known for the limousines it builds for Britain's royal family, introduced a car specially designed for the U.S. market: a sleek, two-seater Daimler Dart sports car with speeds up to 123 m.p.h. and gas mileage of better than 30 miles per gal. On sale...