Word: stockly
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Dates: during 1950-1959
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...lessons of 1958 did not mean that 1959 will be all beer and skittles. Wintertime unemployment is a major problem; so is a wage-price inflation. But the year showed-and Canadians understood, as demonstrated by new highs for the Toronto stock market in 1958-that the U.S. has a strong, increasingly independent neighbor to the north, whose past growth is only a hint of its future promise...
Island Lantern, monthly magazine of the U.S. penitentiary at McNeil Island, Wash., was once a week late because of heavy fog: staffers were denied access to a remote warehouse where cover stock was cut. On the Observer, biweekly paper at the California State Prison at Folsom, reporters must be checked through as many as four inside gates in chase of a story. San Quentin's News has not etched its own engravings in years-not since some handsome counterfeit currency was traced to the prison print shop...
Other industries also found signs of increasing sales. The National Electrical Manufacturers Association predicted a reversal in the three-year slide in appliances, expects '59 sales to be 4% greater than '58. The New York Stock Exchange reflected the optimism; the Dow-Jones industrial average climbed to 572.73, within .44 of its alltime high...
...Standard Packaging) when Wall Street Financier Edward Elliott in 1955 asked him to write a report on ailing Crowell-Collier, in which Elliott held a sizeable interest. After recommending that the magazines be killed, Chandler became temporary chairman. When Elliott turned to Standard (he owns about 5% of the stock), he put Chandler in command...
Expenses of integrating his new companies will slice Standard's earnings to about $1 a share in 1958. In 1959 Chandler expects to do better, though convertible stock, which Standard has issued to buy one company and stock options, could dilute per-share earnings by as much as 35% if converted into common. Chandler expects potential profits from new products to help make up for any dilution. Among them: plastic-coated punch cards that would last longer than present business-machine cards, and paperboard containers for oil. In Chandler's office are six paperboard containers, shaped like milk...