Word: stocked
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Dates: during 1940-1949
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...days last week, Wall Street' brokers thought that the long-ailing stock market had got the tonic it needed. On th first day after the reduction in margin requirements from 75% to 50% (TIME, Apri 4), trading on the New York Stock Ex change hit 1,800,000 shares and the Dow Jones industrial averages jumped 2.4 points. It was the biggest volume since November, best gain since October...
...rates, now the highest in history, might be an added drag on the market. In a dull market, profits of even a single point had been hard to make. When made, around a third of a point of the profit on a 100-share transaction in a cheap ($10) stock went for buying & selling commissions...
...Under the old 75% rule, an investor with $1,000 could buy $1,333 worth of stock, borrowing the balance from his broker at 21/2% to 4H%. Under the new rule, his $1,000 could buy $2,000 worth of stock...
Angry Joe Frazer reportedly offered at that time to sell 550,000 shares of stock to the Kaisers and clear out. Last week, the board of directors settled the dispute, at least for the time being. Joe Frazer was eased upstairs into the new job of vice chairman of the board, and Edgar was made president. Out went two Frazer men: Vice President and Sales Manager W. A. MacDonald, and Vice President O. B. Hotter, public relations head...
Hollywood keeps so busy wooing its "mass" audience that it traditionally scoffs at catering to "class" taste. Last week, taking stock of the moviemakers' problems, FORTUNE added its voice to an old lament by the critics: the industry is passing up a good bet by producing little to interest the 40 million Americans (mostly over 30) who only occasionally go to the movies. Pointing to the box-office success of Henry V and Hamlet, FORTUNE said: "The audience that made these pictures successful is the market that the industry generally ignores . . . Many good pictures made in Hollywood have shown...