Word: stocked
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Dates: during 1940-1949
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...year ago, the uneasiness on the grain market quickly spread to the stock market. The Dow-Jones industrial average fell 3.52 points for the week to 175.60, wiping out all the gains since mid-December (at the start of this week it dropped again). The New York Cotton Exchange quivered sympathetically; prices tumbled 95? to $1.30 a bale...
...maker nor, until recently, a stockholder of Curtiss-Wright. But he had other qualifications; as senior partner of Manhattan's Shields & Co., he had helped float some of the biggest U.S. industrial issues and had played a hand in some other big reorganizations, such as the New York Stock Exchange in 1938. Now, as chairman of Curtiss-Wright's executive committee, Shields's next job will be to help President Jordan lure new aircraft designers and production men to Curtiss-Wright to step up experimental work in jets, turboprops and guided missiles...
...biggest brokerage house last week turned in a rosy annual report. Merrill Lynch, Pierce, Fenner & Beane (variously known to gagsters as "We, the People," "The Thundering Herd," "All This and Fenner, Too") did 9.4% of the round lot (blocks of 100 shares) trading on the New York Stock Exchange in 1948, and 12.9% of the odd-lot (less than 100 shares) business. It made a net profit of $1,704,513. This was nearly three times as much as it made in 1947. For Merrill Lynch's 84 partners it meant an average profit...
...these grass-roots owners are aware of their ownership. Last year, an aged woman walked into Merrill Lynch's Pittsburgh office with a package of yellowed stock certificates she had found in an old bureau drawer. She thought they were worthless, but had borrowed 30? carfare to go to the office to make sure. The stock was worth...
Died. Arthur George Leonard, 86, longtime president (since 1912) of the Union Stock Yard & Transit Co., which operates the enormous Chicago stockyards ($700 million business last year); in Chicago...