Word: stockly
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Dates: during 1950-1959
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...stock market rolled upward to new highs to end the week at an alltime record of 614.69 on the Dow-Jones Industrials average...
...Ford's economy car until it was ready to be marketed, lest it keep people from buying this year's cars. What forced the company's hand was the fact that the Ford Foundation is preparing to sell some 2,000,000 shares of Ford Motor stock. Ford lawyers decided that the registration statement on the sale, required by the Securities and Exchange Commission, would have to take note of Ford's plans for the small car. Under SEC's full-disclosure requirement, prospective stock purchasers must be told of any major corporate change...
...officers in 1926 to set up a parallel life insurance company, using Mutual's facilities and staff. Not only did the parallel company, United Benefit Life Insurance Co., wax rich in the years that followed, but later, Mutual officers who owned most of the privately held United stock proposed to have Mutual buy them out for $24.5 million, half of Mutual's surplus. The suit led to a compromise in 1952. Mutual was allowed to spend $16 million to buy some 65% of United's shares. United had to pay $1,000,000 in damages to Mutual...
...novel, My Fathers and I, is an escape into the past. It is told by a degenerate descendant of proud ancestors who were greatly absurd but greatly revered. The narrator is Edward G. (for Gratiano) Vanbrugh, a seedily broke antique dealer in a shabby English provincial town. His principal stock, symbolically enough, was a menagerie of Staffordshire China figures-shepherdesses, sailors, heroes of the past. As his narrative unfolds, it turns into a gallery of historical portraits redone by a modern caricaturist...
...landed six contracts for some $8,000 worth of ultrasonic cleaners. Since then, Acoustica's sales have increased, on the average, six times every year. For the fiscal year ended last Feb. 28, sales hit $4,750,000, with earnings of 50? per share, v. 8? in 1957. Stock issued at $1 per share in 1956 was selling around $25 per share last week. To boost earnings this year, Bob Rod is counting on new ideas. Among them: an ultrasonic whistle that will increase or decrease the rate at which solid fuel in missiles burns, control its thrust. (Sound...