Word: shared
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Dates: during 1960-1960
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...advertising pages, which are the glittering showcase of the Madison Avenue specialty shop, inhabited by more Virginia hams and truffled pate, glittering gems and vintage brandies than any other major magazine. Last year's $17,751,924 gross and $1,985,785 profit set alltime records, and one share of New Yorker stock, valued at $30 in 1925, is worth $1,440 in 1960, figuring stock splits. But has success spoiled The New Yorker...
Birmingham whites and blacks share a community of fear . . . Every channel of communication, every medium of mutual interest, every reasoned approach, every inch of middle ground has been fragmented by the emotional dynamite of racism, reinforced by the whip, the razor, the gun, the bomb, the torch, the club, the knife, the mob . . . Telephones are tapped . . . Mail is intercepted and opened . . . The eavesdropper, the spy and the informer have become a fact of life...
...mutual funds fare in the stock market's sharp first-quarter decline? Last week, from Mutual Fund Expert Arthur Weisenberger & Co. came the answer. For the first three months of 1960, the average decline in per share net asset value of mutual funds with unrestricted investment policies was 6%. Funds that specialize in growth stocks fared a little better, declining an average of 5%, while funds that balance their portfolios among common and preferred stocks and bonds were off only 2%. Thus by the Weisenberger tabulation, which includes dividends and reinvested capital, the funds' performances were better than...
...refrigeration and electronics. Kansas City's Vendo Co. has set up completely automatic snack bars at the University of Kansas and the University of Wichita, offering sandwiches, milk, coffee, pastry and juices. Vendo, which expects 1960 sales of at least $50 million and profits of $2.50 per share, is setting up an automatic drive-in with a complete menu on Kansas City's South Side. Says Vendo's Board Chairman Elmer F. Pierson: "In America today nobody wants to be a servant, and vending machines free people from being servants." The service may not be gracious...
...wholly owned subsidiary of Universal Match Corp., which is controlled by Frank J. Prince. When Prince took over in 1951, sales were $10.3 million. By acquiring vending companies, Prince brought Universal Match to the forefront of the industry with sales of $72 million, earnings of $3.01 per share...