Word: stocked
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Dates: during 1950-1959
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...annual sales when the Government confiscated the company in 1942, and put Francis Brown, then a young Government attorney, in charge. The Government sold the company for $29 million in 1952, and within five years its yearly net exceeded that. But success was not guaranteed. A year after the stock went on the market at $17.50, it dropped to $11 before the company developed a cortisone-type drug. Then it found two, prednisolone and prednisone. Today, counting splits, the stock is selling...
...Pitchmen? One of the biggest reasons for the high cost of medicines is the growing army of salesmen. The major drug firms employ an estimated 20,000, or one for every ten physicians, and they make 18 million calls a year to get doctors to prescribe and druggists to stock their products. Is this necessary? No, said Dr. Louis Lasagna, head of clinical pharmacology at Johns Hopkins. Too many new drugs, he said, often are "not as good as what they replace...
...sometimes top 50%, investors are loath to accept less, and dislike U.S.-type management, which believes in building up large reserves, plowing profits back into expansion. Nevertheless, the investors seem to be swinging around to the U.S. concept. In Brazil, where U.S. owners in 1945 held 95% of the stock in 67 companies, today they hold 95% in only 17 companies, as local capital moves in to fill...
...strange as anything about the 28 minute film is the fact that its producers -Swiss-born Photographer Robert Frank, 35, and Painter Alfred Leslie, 32-financed it ($20,000) largely through Wall Street's Jack Dreyfus (the Dreyfus Fund) and Stock Market Letter Writer Walter Gutman (Shields & Co.). After its recent premiere at the San Francisco Film Festival, Judge Barnaby (Matador) Conrad declared: "I liked it until Kerouac got the 'smart jacks'-what I send my child to bed for doing." But Producers Frank and Leslie, now busily showing the film to distributors, are confident that...
...week's end the stock had firmed a bit, was back to 36½. But both the New York Stock Exchange and the Securities and Exchange Commission had some questions to ask Curtiss-Wright and its managers. The exchange began investigating to see if Chairman Hurley or any other officer had bought or sold C-W stock recently. SEC Regional Administrator Paul Windels Jr. questioned Hurley about the price movements of the stock. Said Windels: "We are investigating to see if this sequence of corporation actions was done deliberately to have an effect on the market...