Word: stocked
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Dates: during 1960-1969
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...investments. Necessary expansion in the bookstore annex and the new Med School Coop have caused the Coop to be debt financed by the Harvard Trust Company. One of the terms of the present loan agreement is that, "The Company will not, directly or indirectly, make any investments in the stock, securities or other obligations of any other person, firm, or corporation." Thus, the Coop simply cannot invest in any other co-operative community venture...
...peace, are instantly exploited by a Hollywood desperate to be the first on the marketing bandwagon. Thus Hollywood supplies a hippie to the curious netherworld between San Francisco and New York--a hippie one step closer to reality than John Wayne's faceless chattering Vietcong, but already a stock figure for a director to plug into any context available...
Foreigners, too, are flocking to the Tokyo exchange, despite a 15% dividend tax levied on foreign investors' holdings. U.S. investors are hampered by the 18.75% interest-equalization tax collected by the U.S. government on stock purchases abroad. But others, especially Europeans, are busy buying into Japanese companies at a monthly rate of $21 million, up from an average $5,000,000 a month during 1966. Trading in Sony Corp., a favorite blue-chip stock, has already reached the government-imposed 20% ceiling on shares that foreigners can own in a company...
Tendency to Dilute. Compared with the New York Stock Exchange or sedate European markets, the Tokyo exchange looks like a speculator's paradise. Volume is enormous (it hit a high of 574 million shares last week). Stocks are quoted at what seem to be rock-bottom prices; most shares are below the $1 level. The highest-priced stock, Sony, is selling at about $3.60 a share. But the opportunities are not as splendid as they may seem-mostly because of the tendency of Japanese corporations to dilute the value of their stock by issuing huge quantities of shares...
Horatio Alger's Ragged Dick, Tattered Tom and Ben the Luggage Boy-those brave little ragamuffins of a century ago-have long since petrified into pillars of the community. Sweet were their uses of adversity, as they parlayed pants patches into stock certificates. One hundred years later, their progeny are fine specimens of progressive pediatrics, John Dewey and a high-protein diet. Rags have become the symbol of riches. Youthful outcries against the system, the Establishment and middle-class consuming have become so persistent and eloquent that moral outrage itself threatens to become a lucrative commodity...