Word: stocked
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Dates: during 1940-1949
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Like Father. The most successful of the young crop is lean, 28-year-old Dr. Gary Middlecoff, the Memphis dentist. When he gets set to hit a tee-shot, the stock gag with his fellow pros is: "This won't hurt a bit... Ouch!" He has a loose swing, hits a long straight ball, steadies down under pressure like a real pro, works well on the greens with his unorthodox putter (a gooseneck with the blade extending forward from the shaft instead of backward...
National's stock, originally issued at $40 a share, had been selling at around $200 a share until last week. Then Broker James M. Johnston, representing an undisclosed customer, suddenly offered $280 a share. For $2.9 million he reportedly snared 80% of National's stock. A few days later, the directors eased President J. Frank White up into the board chairmanship and elected a new president, Barnum L. Colton, who was brought over from the National Savings and Trust Co. There he had been a vice president and had handled the United Mine Workers' deposits, chiefly...
...cutthroat textile business, Manhattan-born Jake Schwab fought his way up from scratch. He left high school at 16 to work at odd jobs. At 20, he got a $15-a-week stock clerk's job with Cohn-Hall-*Marx, a big textile converter. Young Jake had a knack for figures, studied nights to improve it. By 1928 he had risen to treasurer. In that year, Bankers Kidder, Peabody & Co. raised about $20 million to make Cohn-Hall-Marx the base of a textile pyramid integrating many different businesses in the cotton-rayon industry. The new giant was United...
...company's stockholders. The way he saw it, TV was no way for a broadcaster to get rich quick and his stockholders should get that straight.* He was facing them at the first annual meeting since his privately owned ABC had sold 500,000 shares of stock to the public last year, partly to get capital for TV expansion. Noble had some good news: ABC's program ratings and sales were both on the rise. But, he said, the cost of getting ABC established in TV means that the stockholders, who have had no dividends yet, are unlikely...
Autos. For the second time in a year, Buffalo's Playboy Motor Car Corp. hopefully offered a stock issue, for the second time sadly withdrew it. Reason: no sale. At week's end, Playboy, which never got beyond pilot-model production of the small car it had hoped to sell for $1,000, filed to reorganize under the Bankruptcy...