Word: worthlessness
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Influenza vaccines today are often made worthless because the virus changes its nature and defeats them. The trick is to beat the virus to the draw, and have a suitable vaccine ready before a virulent strain can start an epidemic. "This is why," says Burnet quietly, "even the most academic-seeming investigations, such as mine, may one day become a matter of life and death...
Five days after Pearl Harbor, the SEC banned all trading in Japanese bonds and the Commissioner of Internal Revenue ruled such issues to be worthless. Many U.S. investors who held 14 issues of Japanese dollar bonds with a face value of $76 million lost hope of ever being repaid; some wrote them off as losses in tax returns. But in November 1950, SEC permitted trading to resume. Speculators drove up the prices. One issue (1930 dollar 5½%) rose from 60 on the opening day to 95½ last July...
...second big problem is national affiliation. Strong alumni pressure has forced all but two of the Yale fraternities to maintain virtually worthless affiliation with the national chapters. Much of the needed cash is sent out in national dues--few fraternity members feel the money well-spent...
...which would have given all the assets to preferred stockholders and left nothing for the owners of 2,162,607 shares of common, was approved by a federal court and by the SEC, which ordered the New York Stock Exchange to remove Standard Gas common stock from trading, as worthless. In over-the-counter trading, the stock sank as low as 13?. But common and $4 preferred stockholders fought the plan, won a court order against its execution...
...Service, Oklahoma Gas & Electric). In the next two steps, Boshell plans to liquidate the $4 preferred by a similar payoff, and then the common. By mid-1953 he hopes to end Standard's existence-and his own job. Under Boshell's shrewd management, Standard's once "worthless common" is again listed on the Big Board, has shot up from 75? to last week's price of 16¾. The $7 preferred has more than doubled; the $6 preferred rose from 86 to 188 while the $4 preferred rose from...