Word: stocked
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Dates: during 1940-1949
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Four for One. E. I. Du Pont de Nemours & Co. announced that it would split its 11,158,207 shares of common stock 4 for 1 if stockholders approved. Though Du Pont kept mum on its reason for the split-up, brokers guessed it was to broaden the market for its stock, which has fluctuated widely on slim sales (day of the announcement Du Pont stock jumped 8⅛ to 179¾). It would also give Du Pont more common shares than any other U.S. corporation...
...been unanimous. Blurted the Westchester (N.Y.) chapter: "His achievements do not entitle him to join the company of such men as McKim [Boston Public Library], Post [Wisconsin State Capitol], Bacon [Lincoln Memorial], Goodhue [Nebraska State Capitol], Cret [Washington's Federal Reserve Building], and Sullivan [Chicago's Stock Exchange...
...largest U.S. producer of wallboard and similar wood products last week took over one of its biggest customers. In return for 81,250 shares of its own stock (current value: around $4,550,000) Masonite Corp. bought control of Marsh Wall Products, Inc. of Dover, Ohio, No. 1 finisher of Masonite wallboard. For 23-year-old Masonite, the deal will enable it to turn out finished products (doors, panels, etc.) for sale to the building trade. For Marsh Wall, it marked a new chapter in a happy saga of family enterprise...
Because there was no need for it in the golden '20s and no point to it in the depressed '30s, Wall Streeters stopped ringing doorbells. They just sat at their desks, did business over the phone. But last week New York Stock Exchange President Emil Schram thought it was time for the Exchange to try to "sell" the market out of its slump. Schram wanted to "interest the public to buy securities regularly as a means of producing income, much as they have learned to purchase life insurance as a means of protection...
...Exchange will run a half-million-dollar advertising campaign next year to try to clear up "the unfamiliarity among savers, particularly in the labor and farm groups, with corporate securities." The Exchange will plug stock purchases as a regular part of the family saving program. The specific target: earners of $5,000 a year or less. Said one hopeful Stock Exchange member: they "constitute the hope of the financial community...