Word: stockly
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Dates: during 1950-1959
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...wish to nominate Harry Schweitzer for Man of the Year. Anyone smart enough to live in New York City for $71.10 a month and save enough to make $22,600 in the stock market in seven years, can make a million in Texas in 90 days. Come on down, Harry...
...showdown came in October 1949, when, in Poulsen's absence on an international flight for Pan Am, his wife Sandy fired off letters to Squaw stockholders accusing Cushing of mismanagement. A stockholders' meeting was called, and the result was inevitable, since Cushing owned 52% of the stock, his friends another 46%. After an audit showed nothing legally wrong, Cushing replaced Poulsen as president of Squaw Valley Development. Today, a bitter Poulsen still controls choice homesites in the valley (and stands to become a millionaire with the land boom caused by Cushing's getting the Olympics), but Cushing...
MADISON SQUARE GARDEN is now controlled by the Graham-Paige Corp., investment company which paid about $4,000,000 for 40% of the sports arena's stock, owned by James D. Norris and Arthur M. Wirtz, who were forced to sell the Garden in compliance with a federal court order...
GOLD BAR TRADING is starting on the Toronto Stock Exchange, will plug Canadian gold, meet investors' growing demands for a hedge against possible U.S. dollar devaluation, i.e., by revaluing gold upward. Bars, weighing about 2.2 Ibs., cost around $1,100, but margin buyers need put up only...
...University must decide is when the costs of expansion will be applied. If it continues to concentrate the costs of education, as it has in the last three years, instead of spacing them, Harvard may well find itself with new buildings, higher faculty salaries, and a student body of stock holders...