Word: worthlessness
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...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...
...first, public health authorities were horrified at the thought of the problems they will have to face. Said one: "I shudder to think of next summer's mass hysteria among parents who know of gamma globulin." He foresaw all kinds of abuses: bootlegging in G.G., racketeering with worthless substitutes, faking measles to wangle a shot of G.G. in areas where it is not being given-for polio. This expert's solution: declare a national emergency, giving the Government a monopoly of blood and blood products; allot G.G. only to areas with the worst epidemics; let a public authority...
...experience, almost inseparable from a Christian conception of the relationship between God and man. For by humility I do not mean a neurotic self-contempt or self-distrust, though there are forms of Christian, as of nonChristian, neurosis. The Christian realizes, on the one hand, that he is worthless apart from God, but on the other, that, as a child of God, he is infinitely precious, and dear to his Father. He appreciates the tremendous responsibility for action cast on him by the gift of life...
What helped Lascoe most was the West's decision to give Germany a new, healthy currency. Shops were empty, factories at a standstill because farmers and businessmen refused to sell their products for worthless Reichsmarks. One day in June 1948, a convoy of army trucks pulled into Pforzheim, bringing stacks of crisp, new Deutsche marks. Pforzheimers queued all day to exchange their old money for new. The city was transformed. Farmers glutted the market with fruit and vegetables; shop windows filled with furniture, cosmetics and shoes...