Word: stocked
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Because he fears more disturbances-and because neither China's trains nor its depleted stock of foodstuffs could stand the strain-Mao canceled all Chinese celebrations of the Lunar New Year this week. It was the first such cancellation in 5,000 years of Chinese history, an act roughly equivalent to calling off Christmas...
Designed for the stockholder with a large interest in a single stock and a distaste for capital-gains taxes of up to 25%, the swap enables him to pool his shares with similar owners of other stocks and profit from diversification. So successful has the idea been that 26 swap funds are now operating, and 13 more were registered before the cutoff...
...remarkable rise. The first was organized less than seven years ago by Denver Banker William M.B. Berger, 41, who had the bright-and right-idea that Section 351 (a), which had been drawn to allow the tax-free transfers of property to a new corporation in exchange for stock, could also apply to individual stockholders. His Centennial Fund drew 191 investors, who pooled securities worth $25,800,000. Berger's idea has been widely copied. Boston's Vance, Sanders & Co. operates four funds currently worth $311.2 million. Pittsburgh Fund Manager John F. Donahue, 42, a West Point graduate...
...Arthur Wiesenberger & Co. found that their average per-share value declined 7% last year v. a 1.2% drop for capital gains-type funds and a 2.8% decline for growth funds. The participants scarcely mind. They range from moguls down to Sears, Roebuck employees retiring with large blocs of stock, and they are mostly interested in postponing that capital-gains bite while diversifying under professional management...
Brokers like McCollester insist that the Government is making a mistake by ending the swaps on the grounds that they are depriving the U.S. of capital-gains tax revenue. Left to their own devices, the professionals maintain, stockholders are not likely to sell the stocks and pay the tax; moreover the Government collects whenever fund managers sell off some shares to pay costs or make portfolio changes. The brokers, of course, are also sorry to lose "big ticket" business. The average swap-fund transaction involves $85,000 in stock and a $2,975 commission v. the average commission of about...