Word: stockly
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Dates: during 1950-1959
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...basic idea when he learned that Jesse Shaw, 22, an old friend from his undergraduate days at the University of Tennessee, had signed on at Peabody as night watchman. Watchman Shaw had a key to the college mailroom, where exams are mimeographed, and shortly the operation had its stock in trade. Student Wynne capitalized the venture by selling an exam and a partnership to Roommate Douglas Reeves, 25, for $20, and they lightheartedly tacked a "Wynne & Reeves, Incorporated" sign on their door. They spread word that question lists for 35 exams were for sale. Prices...
...Sonnabend got ready, Curtiss-Wright, which had hoped to work the same kind of rescue operation for Studebaker, prepared to move out. Two years ago Curtiss-Wright got a management contract to run Studebaker, plus an option to buy 5,000,000 shares of stock at $5 a share (which runs out this November), plus the chance of merging Studebaker into Curtiss-Wright if it could cut Studebaker's huge losses. But Curtiss-Wright had no success. Fortnight ago Studebaker reported that its losses in the first six months of this year soared to $13,314,165, almost double...
...final say on bringing Sonnabend into Studebaker will have to come from the stockholders. To take on the diversification job, Sonnabend is asking for an option to buy 500,000 shares of Studebaker stock during the next five to ten years at 95% of the market value on the day of a merger, plus a place on the board...
Died. Thomas E. Wilson, 90, retired board chairman of Chicago's meatpacking Wilson & Co., Inc., who helped organize the American Meat Institute, the National Live Stock and Meat Board, and the World War II fat-salvage campaign; in Lake Forest...
...Author Dabbs riddles the stock arguments of the segregationists. Is it "instinctive" for whites and Negroes to keep apart? Then why, asks Dabbs, are "Jim Crow" laws necessary at all? Are Negroes sexually laxer than whites? Asks Dabbs: "What classes of Negroes, what classes of whites? . . . There are grounds for believing that the Negroes of the upper middle class are even more middle-class than the whites, more insistent upon American standards." Is the Negro "inferior" by nature? Argues Dabbs: "The present scientific view is that no significant differences have been established . . . The inferior position of the Negro...