Word: walling
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Dates: during 1950-1959
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Measured by the tastes and habits of the ordinary newspaper reader, the Wall Street Journal is agonizingly dull. For determinedly conservative makeup, the Journal's front page-six solid columns of type unrelieved by a picture-has no rival among U.S. metropolitan dailies. Its stories can hardly be called sensational: a looming shortage in milk bottles, potholes in the Inter-American Highway, a slump in the price of dried fruit, a rise in individual assets-to cite but a few of the subjects that rated Page One play last week...
...Journal's reader is far from ordinary. On the average, say the Journal's promotion men, he earns $22,648 a year-an income that should insulate him from their come-on ads: "I Was Tired of 'Living on Peanuts' So I Started Reading the Wall Street Journal." He does not reside near Wall Street; the Journal has more readers in California than New York, and its subscribers live in virtually all of the 3,044 counties in the continental U.S. The chances are good that he owns stock sold in at least...
From 32,000 to 625,000. In 20 years, 50-year-old Barney Kilgore has presided over the transformation of the Wall Street Journal from a Depression echo of Wall Street to the fastest-moving daily in the U.S. Since 1940, circulation has grown 19-fold, from 32,000 to 625,000, ranking the Journal among the top ten U.S. dailies. The country's only real contender for the title of national daily, the Journal is printed simultaneously in New York, Chicago, Washington, San Francisco and Dallas; beginning next year it will be printed near Springfield, Mass...
...billion just two decades ago. Its high status is a far cry from its humble and parochial birth. Brainchild of three young men named Charles H. Dow, Edward D. Jones and Charles M. Bergstresser, who had made a modest mark by peddling financial news to customers around Wall Street, the Journal was conceived as a stock-market chronicle in 1889. When Dow. Jones & Co. was sold in 1902 to Clarence Walker Barron, a self-taught finance expert from Boston, Barron kept the Journal hard on course...
...America, second: Chase Manhattan). A grandson of James Stillman, president of National City from 1891 to 1909, Rockefeller captained Yale's 1924 crew, spurred it to victory in that year's Olympic Games. Married in 1925 to a grandniece of Andrew Carnegie, Rockefeller worked for the Wall Street investment banking firm of Brown Bros, until he joined National City...