Word: stockly
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Dates: during 1950-1959
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...daily charge sales on tape, which is later fed to a computer. It sorts the bills, tots them up, prepares the bills for the customer, registers the return payments. Macy's may even extend N.C.R.'s system to inventory control, get daily reports on everything in stock, be able to increase its return on investment by 10% to 15%. Says N.C.R. Chairman Stanley Charles ("Chick") Allyn, 67: "The stage is set for a revolutionary change in the handling of paperwork...
Osborne's mental stature also keeps him from the necessity of wholesale borrowing of stock characters and themes from other playwrights. American dramatists, by contrast, tend to be astonishingly inbred: Tennessee Williams produces William Inge; Inge mates with his parent to produce a frail and sickly creature like, say, Speed Lamkin, who can also show O'Neill and Miller and Heaven knows who-all in his family tree...
...does the discipline of studying one field appear to help you enter a new and unrelated field. Historians are no better qualified to draw sensible conclusions about medical evidence than are equally intelligent garage mechanics, and musicians are as baffled as stenographers when confronted with the intricacies of the stock market...
...since President Eisenhower's heart attack in September 1955 had the stock market taken such a blow. After setting new highs each, week for three weeks in a row, the market started down at the week's opening. While the ticker ran late for more than two hours of the 5½ hours of trading, 1,040 of the 1,287 issues traded suffered losses ranging from 5 to 42 points. It was the second largest number of issues traded in one day in stock exchange history (largest: 1,290 issues...
Harsh Penalty? On a long-term stock profit, an investor must pay a capital gains tax of up to 25%. This means that if he sells, and pays the tax, he lessens his borrowing power by the amount of the tax and thus has less to invest, unless he can find another stock that will go up enough to make up for the tax loss. With shares already selling at record highs, finding such a stock is difficult. Result: investors are locked into their stocks, thus keeping shares off the market, and forcing up prices...