Word: cashing
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Dates: during 1950-1950
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...decided he had had enough. He had spent 30,000 lire of his own hard-earned money in fruitless visits to provincial party headquarters. In his forge he quietly burned a stack of confidential party documents. Then he summoned friend Coriddi, presented him with the party effects, including a cash book that showed a balance of 27 lire (about 4?). Coriddi agreed to offer membership in the local Christian Democratic section to the remaining 53 Communist Party members...
...their stock bought on credit. Tightening-up of margins had ended that. Nor did the Bull of 1950 look like the 1946 animal, when the market was overrun with speculators, the easy-come, easy-go war rich and black-marketeers. This time the bull had fattened on the cash of those who bought for investment-security buyers who were less interested in a short-term quick profit than in the prospect of good dividends for the long pull...
Despite the 50% margin rule (i.e., half the purchase price must be cash), many an investor in the current market had paid in full-and then tucked his stock away. Merrill Lynch, Pierce, Fenner & Beane, biggest U.S. brokerage house, reported that for every margin trader on its books today, there are five others who pay in full. Said Managing Partner Winthrop Smith: "In 1929, it was just the other way around...
...whole U.S. economy has grown so impressively that comparisons with the past rarely told the whole story. In 1939, the U.S. population had total liquid savings (i.e., cash or its equivalent) of $49.6 billion, only $3.1 billion more than the total value of all stocks listed on the New York Stock Exchange. In 1950 the liquid savings stood at $175 billion, more than double the total value of all stocks listed on the Big Board...
...years, on a sliding scale running from $1.50 down to $1 a day. This is the fourth rail equipment purchase Equitable has arranged since President Thomas I. Parkinson launched its plan eight weeks ago (TIME, April 10) to 1) put its idle funds to work, and 2) furnish cash-short railroads with cars they badly need. The other deals: 1,300 cars for the Atlantic Coast Line, 1,500 for the New York Central, 500 for the Delaware & Hudson...