Word: stocked
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Dates: during 1960-1969
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...rhetoric on the other side has the epic calm of sociological jargon. Partisans of compulsory national service look at their plan as a chance to sort, patch and mold human stock. Margaret Mead, the anthropologist, puts it this way: "Universal national service would make it possible to assay the defects and potentialities of every young American on the threshold of adulthood...
Although such a move has been rumored for weeks, confirmation of a sizable McDonnell holding of Douglas common stock surprised both Wall Street and Washington. Until early this year, the McDonnell Co. controlled 58,726 shares in Douglas. This block of stock plus Chairman James S. McDonnell's private holdings were all that remained of McDonnell's abortive 1963 effort toward a merger of the two companies. At the time, Douglas turned "Mr. Mac" down cold...
Unloading at the Right Time. In June, McDonnell gave notice that it had sold its Douglas common during the first quarter of 1966, around the time that it reached its peak of 112, reaped a net profit of $2,600,000. But by last week, after the stock had nosedived to 30, then looped back up past 40, sources close to both companies estimated that Mr. Mac and closely associated "interests" had between them amassed 800,000 Douglas shares out of 5,200,000 outstanding. Reportedly, McDonnell himself now owns between 200,000 and 300,000-at least 20 times...
...these factors alone do not explain the phenomenon. Not only are-more people buying books; more people are buying more books. They are stacked in supermarkets, racked in discount houses, packed in drugstores. The market is manic. Retail outlets now number about 120,000, and still they cannot stock the 190,000 titles in hard and soft cover that are currently in print, let alone the 28,000 additional titles that sprout every year...
...Rolls-Royce. O'Hara is equally fond of Cerf. "He just needs a lot of love," says he. Besides, "85% of the time he knows how to handle me, and 85% of the time I know how to handle him too. He knows I'm in the stock market, and every once in a while he calls me and says. 'You see that goddam market today?' " Most important, adds O'Hara, "he knows that when I put something down on paper, it's right...