Word: stockly
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Dates: during 1950-1959
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...would have cost too much to ship many adult baboons (up to 60 Ibs. each) to the U.S., but luck was with Dr. Werthessen. He learned by chance that a Texas zoo had a surplus stock of dog-faced baboons-they had been bred in the zoo for 20 years, and the pack had had only two "old men" to sire all the offspring. This line breeding gave them a start toward genetic purity-a most desirable quality in research animals...
...board of directors saw fit to pass on to stockholders a traditional holiday treat: an extra year-end dividend. P. Lorillard Co., still riding high on the sales of Kent cigarettes, voted a 95? extra, bringing dividends to $4 v. $1.95 in 1957. Extra dividends and 2-for-1 stock splits were approved by Pet Milk and Kellogg Co.; growing drug sales gave Chas. Pfizer & Co. stockholders a higher dividend, a year-end extra of 60? and a proposed 2½-for-1split...
...wind storms, cut its dividend from 75? to 50?. American Telephone & Telegraph declared the same $2.25 quarterly dividend it has paid for 37 years, despite a spate of rumors of a raise. But stockholders have fared well this year despite dividend cuts in hard-hit industries. The New York Stock Exchange reported that cash dividends on common stocks for the first three quarters set a record high of $6.4 billion, up $11.2 million from...
Since 1921 both mutual and stock life insurance companies have been taxed on their investment income (the money they earn from investing policyholders' premiums in bonds and mortgages), not on their underwriting income (the money received from premium payments that does not go into reserves). The 1942 tax law still on the books follows the investment-income principle of taxation. It was suspended and stopgap taxes levied because it allowed such high reserve requirements out of investment income, at a time when interest rates were declining, that in some years the industry was paying no tax at all. Taxing...
...display elaborate charts and brochures in remote hamlets to show how buying one $28 bond every month will build to $2,800 in 78 months. Every investment company has its "Golden Tree" or "Millionaire" club, whose members avidly read financial news bulletins, flock to jargon-heavy lectures by female stock-market experts. Companies operate scores of advisory offices in department stores and train stations, where shoppers and commuters can dash in to buy shares in investment trusts promising yields as high as 23%. Female investors all keep a sharp eye on how their money is spent, go off together...