Word: fractioned
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Although U. S. merchant tailors gross $80,000,000 annually (1932), they clothe less than one out of every 100 U. S. males. And tailors like Twyeffort and Bell of Manhattan, Dunne of Boston, Stewart of Philadelphia do only a fraction of that business. But the customers for whom they make $120 sack suits (1929 price: $150) are generally to be found sitting at the head of most directors' tables or behind ultra-modest little signs labeled "The President...
...United Aircraft, formed out of the Boeing Aircraft companies, took Pratt & Whitney over as a subsidiary, giving two and a fraction shares for one. Stockholder Deeds exchanged his 16,000 shares for 34,720 of United Aircraft, then selling for $97 per share. Net value: $3,367,000. United's airmail contracts, plus Pratt & Whitney's prosperous engine business, plus the bull market, pushed the stock up to a peak of $162 in May 1929. Mr. Deeds's $40 became $5,624,000. He liquidated holdings worth $1,600,000, but his remaining stock, at last week...
...order to reach this ultimate it is felt that it would be necessary to combine many of the smaller scholarships to provide a greater number of large fellowships, particularly in the College. Further in this direction would be a plan whereby "a considerable fraction" of the scholarships would be awarded for more than one year. "In the College, for example, some might be given for three years at the end of the first year and some for two at the completion of the Sophomore year...
Feeling that the tutorial work at present is carried on by a young, and, in part, at least, necessarily inexperienced group of men, the Report advocates that the list of tutors be spread to include a larger fraction of the entire staff of the departments, "including the older, more experienced professors...
...accomplished by a re-grouping of our present scholarship funds, it would be well to combine some of our smaller scholarships and thus provide a greater number of large fellowships. This is particularly true in the College. It would also be very desirable to have a considerable fraction of the scholarships awarded for more than one year. In the College, for example, some might be given for three years at the end of the first year and some for two at the completion of the Sophomore year. Certain safeguards would have to be provided, of course...