Word: stockly
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Dates: during 1950-1959
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...scramble for shares shows up most clearly in lower-priced stocks, which are more attractive to the public than higher-priced blue chips. When Lehman Bros, brought out its One William Street Fund at a price of $12.50, it got more shareholders in a day than F. W. Woolworth Co. (now selling for about 50) has had at any one time in its history. Last week issues selling for less than $25 a share numbered nine of the week's 15 most active stocks. Rumors of stock splits, and resulting lower prices per share, also sent higher-priced stocks...
...favorite guessing game on Wall Street these days is figuring how high the industrials would be if American Telephone & Telegraph had not been substituted in 1939 for International Business Machines. Since then, IBM has gone up from 191 to 5.588, counting splits and stock dividends, while A.T. & T. has gone only from 165 to 200%. Harold Clayton of Hemphill, Noyes calculates that the average would now be at 1830, and other experts figure it at 910. All used different short-cut computations. To get the correct figure, it would be necessary to recompute the Dow-Jones average for every market...
...DESILU STOCK, up to now privately owned, mainly by Desi Arnaz and Lucille Ball, will be offered to public at about $10 per share although TV show producers keep control of company. Desilu earnings: $3.54 per share in fiscal 1957, 10? per share last year when company bought RKO studios in Hollywood...
...Love is all very well," said an unmarried Japanese office girl, "but it makes you too dependent on a man. That's why I buy stock...
...spinster munching sour grapes. In the land of the rising woman, where a husband used to control his yen, millions of wives are buying stock by cutting corners and snipping off a larger hunk of the family pay envelope. As a result, Japan is having its biggest investment boom in history. This year 9,000,000 shareholders will invest $5.5 billion v. $4 billion last year; investment trusts have increased 50%, and savings accounts have risen 20% to $17 billion...