Word: stocked
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Dates: during 1940-1949
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Other problems pressed upon the President. The bottom had dropped out of the Buenos Aires stock market. During the week, persistent selling wiped out as much as 36% of the values of blue-chip stocks. Frantic brokers, encouraged by the government, called a one-day strike in an attempt to stave off the collapse. Next day the market sagged worse than ever...
...give it one, the Association of Stock Exchange Firms was also at work. It had prepared a stock-market primer aimed at the non-investor. "There's no more mystery about [investing]," said the folksy little brochure, "than buying groceries, a suit of clothes or an automobile. And there is satisfaction, prestige and pride in owning stocks & bonds in corporations." Brokers hoped that the booklet would help them catch many a small customer...
...part of the grass-roots campaign to bring Main Street to Wall Street, the Stock Exchange itself was launching a $500,000 advertising campaign. Its theme was that those with small incomes should buy stocks in the same regular way they buy insurance. Said New York Stock Exchange President Emil Schram: "An investor can buy any number of shares on the Stock Exchange-i, 10, 14, 20, or more-and such orders are welcomed by our member firms and given just as much attention as 100 shares...
...York Exchange was not the only one in the doldrums. Because of lack of business, the Baltimore Stock Exchange got SEC's approval to merge on March 5 with Philadelphia's Exchange...
...trusts had milked other cor porations, by buying up control and paying out huge dividends. Example: in July 1948, Textron's "Sixty Trust" bought up the stock of the Cleveland Pneumatic Tool Co. for $6,825,000, then paid itself $4,500,000 in dividends...