Word: stocked
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Avery's unquestionable genius for success. In 17 years he had built Ward's from a debt-ridden store to the second largest mail-order house in the U.S. Last year it had a record $59 million profit. No individual owns more than 1% of the stock and no company or estate more than 2%. The 6.6 million shares are scattered among 68,500 holders, the biggest of them investment trusts...
...York Stock Exchange last week a 10,000-share block of Dome Mines Ltd. (gold) was sold at 16¼ a share. The seller: Wall Street's Clifford Michel, Dome Mines president. Next day, when Dome cut its quarterly dividend (from 25? Canadian to 17½?), the value of the 10,000 shares dropped $11,250. Then, before anybody could cry "inside unloading," Clifford Michel stepped up, canceled the sale, and gave his reasons...
...shares belonged to the late Jules S. Bache, longtime Dome Mines president. Michel, trustee of the estate, had sold the stock to pay estate taxes. He had not foreseen the dividend slash (it was forced by a rise in Canada's cost-of-living index, to which the company's wage scale is tied). Obviously, said Michel, after what had happened the decent thing was to take back the stock. That was just what he had done...
When London's swank Savoy got into trouble in the 1890s (its stock slumped from ?5 to a few shillings), the management asked the partners for help. By lavish spending on gaudy entertainment (for one party, they flooded the main dining room, served dinner on gondolas to the music of imported Venetian gondoliers), they boomed the value of the stock to ?20 a share in three years. This and other triumphs prompted Ritz's millionaire friends to back his fondest dream-a hotel of his own in Paris, which would be "the summum of elegance." Ritz himself...
...detailed analysis of American professions, trades, culture and state and federal governments. Every aspect of American life is judged from the standpoint of the militant, orthodox socialist who believes that government planning must replace free enterprise as the cornerstone of democratic life. A dependence on stock socialist phrases thus flaws many parts of the book. The American Democracy, for all its numerous flashes of donnish wit, is also windily repetitive, and some times dated in its judgment...