Word: stocked
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Dates: during 1940-1949
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...million in the next two years to overhaul Mexico's railways. His plan (prepared by a special commission appointed last February): 1) convert every line in the country to standard gauge; 2) eliminate the steep grades and kinky turns that cause most wrecks; 3) gradually modernize rolling stock. The President called on his Finance Minister to find the necessary funds, which will probably be raised through new taxation. "The railways," Aleman said flatly, "will be in perfect state before my administration is over...
...Boost. Washington and Lee started out in 1749 as Augusta Academy, when early settlers of the region decided to plant Scottish-Presbyterian learning in the Valley of Virginia. In 1798, the year before he died, George Washington handed the school its first big boost: $50,000 worth of canal stock, that had originally been the gift to Washington of the Virginia Legislature. The school gratefully changed its name to Washington Academy, later to Washington College...
Pepsi-Cola had not been hitting the spot. Earnings had slipped, the last quarterly dividend had been omitted, and within a year Pepsi's stock on the New York Stock Exchange had skidded from 24⅛ to as low as 7½ a share. Pepsi's President Walter S. Mack Jr. thought it time to hire halls in New York and Chicago and tell stockholders the score...
Finally, everyone had another round of Pepsi, and the pepped-up stockholders went home. Stock-market traders had joined the party for a little whirl; this week, Pepsi rose to $12 a share...
Retail Trade. Montgomery Ward & Co.'s iron-fisted Chairman Sewell Avery had bad news for stockholders: March sales were off 16.7% from 1948. Ward's biggest stockholder, Massachusetts Investors Trust (which owns 1.5% of the stock), had bad news for Avery: it would oppose his re-election as a director at next week's annual meeting. But chances were good that indestructible, 75-year-old Sewell Avery would be elected anyway...