Word: wrighting
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Dates: during 1940-1949
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...morning last week, the New York Stock Exchange was swamped by a sudden deluge of orders to buy Curtiss-Wright...
Even the rebels themselves were careful to leave the door ajar. Candidate Wright explained, with careful ambiguity: "This is not a bolt. This is not a fourth party. I say to you that we are the true Democrats of the Southland and these United States." To be doubly sure that there was a way of scrambling back, the rebels agreed to convene again next October to see how they were doing...
...minutes to give clerks and traders a chance to catch up. Six minutes after trading was resumed, another time-out had to be called. By the end of the session the volume had reached a whopping 146,000 shares, nearly 10% of all shares traded that day. And Curtiss-Wright common was up 2¼ points to 10⅜ a share. Next day, despite the market's general decline (see below), Curtiss-Wright edged up to 10⅜% of on a much greater volume of 194,400 shares. The stock ended the otherwise distressful week at a fancy...
...cause of these high jinks was an abrupt settlement of an issue that had plagued Curtiss-Wright Corp. for months. The company had come out of the war with a mattressfull of money-$100 million-but it was short of postwar business. The management, which thought there was only a "limited and unprofitable" postwar market for its aircraft engines and planes, wanted to hold the cash to tide the company over the uncertain future. But a group of vociferous stockholders last winter complained that the cash in the mattress alone was about three times the market value of its stock...
...orders for military aircraft (TIME, May 31) made Curtiss-Wright directors decide that the company's outlook was much improved. Last week they declared a $2 dividend on the common. It took traders no time at all to calculate that that was a return of close to 20%. And there was still more to come. Curtiss-Wright's President Guy W. Vaughan announced that at least $1 a share - and additional dividends as the "directors deem prudent"-would be paid...