Word: stockly
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Dates: during 1950-1959
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With an election ahead, the Tory budget scattered benefits among millions. A Rolls-Royce dealer took a column frontpage ad in the Times to coo: "A wonderful budget." On the stock exchange, share prices went to an alltime high...
Shouted Down. Where the U.S. consumer reigns, the gains were most striking. U.S. smokers, puffing away at a record rate, upped both sales and profits of R. J. Reynolds Tobacco Co. (Camel, Winston, Salem) and P. Lorillard Co. (Kent, Newport, Old Gold), both of whose stockholders approved stock splits to make room for further growth. When a stockholder tried to ask a few critical questions of Reynolds Chairman John C. Whitaker, other stockholders were already so taken with the good news that they stamped their feet, shouted the dissenter down...
...York Stock Exchange spends more than $1,000,000 a year educating the U.S. public on the benefits of stock ownership. But last week the exchange was worried about all the new stockholders it has signed up and the kind of stocks they buy. The exchange increased its advertising budget 25% for a campaign to warn stockholders against tips and rumors, advised: "Hold your money tight when anyone gives you 'the inside dope.' " Merrill Lynch, Pierce, Fenner & Smith, the U.S.'s biggest brokerage house, began to run ads in 210 newspapers entitled "Danger! Inside Tip Ahead...
...high-priced blue chips that he first bought may seem pretty stodgy beside the greater gains possible in more speculative companies. He knows that top growth companies such as Polaroid and Texas Instruments, which have increased several hundred percent in a few years, were once considered risky. Says Stock Exchange President G. Keith Funston: "We have no objection to people buying into small and little-known companies-provided they know what they are doing...
Peter Sachs drove a '57 stock Chevrolet to victory in a long, four-hour sports car rally sponsored by Yale last Sunday. Navigated by Grey Jones, the Harvard car compiled only 312 points in the event by keeping closest to an average speed which varied but was usually...