Word: stocked
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Dates: during 1940-1949
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Cousin Cissy's estate included not only the Times-Herald but also about a one-eighth interest in the Patterson-McCor-mick family trust, whose 2,000 shares control both the Chicago Tribune and the New York Dotty News. Under Cissy's will, the stock was part of her residual estate, earmarked for such charities as Chicago's Children's Home and Aid Society and the Cradle Society. But it looked as if the stock might have to be sold to help pay inheritance and estate taxes. That posed for Colonel McCormick the horrible prospect...
...same time, Cissy's seven heirs were looking for a chance to convert their legacies into cash. Times-Herald Editor Frank C. Waldrop, together with two co-executors of Cissy's estate, agreed to sell the trust stock to McCormick for a reported $9,500,000-if McCormick would pay another $4,500,000 for the Times-Herald as well. On top of the $640,000 each of the seven faithful would get from the Times-Herald sale, Waldrop drove a still shrewder bargain. He got the colonel to agree to give each of them ten shares (worth...
People seemed to have decided that the U.S. economy was in for another shot of inflation, with the Administration committed to a program of deficit financing. Some Wall Street professionals, on the other hand, were betting against it. In July, the New York Stock Exchange's short interest (i.e., the number of shares sold short by pessimists in expectation of falling prices) hit a 16-year peak of 1,844,313 shares...
Straus's undoing was the ballpoint pen. He entered the market too late with a bad product. Eversharp lost $3.4 million in 1947; its stock fell from 25⅞ to 10¼. In November 1946, Straus had bought control of the Schick injector razor, looking for a cushion against hard times. He got a cushion all right (the razor division helped Eversharp show a $1.2 million profit last year), but there was a big pin in it. The pin was R. Howard Webster. To get the razor company, Straus had to take Webster, a big Schick stockholder, into Eversharp...
...fleeting moments, the cockeyed speed of the chase recalls the wonderful jet-propelled jalopies of the old silent comedies. Not half so effective as comic relief is the stock, bug-eyed mugging of William Bendix. One of the best things in the film is the shy, incredulous expressions of the Mexican extras...