Word: split
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...between Investment News and the more conservative financial papers is in the Macfadden publication's willingness to give specific tips on specified stocks. Thus in one day's issue, there was definite bull advice on International Business Machines (headed for the 200 mark), on General Electric (may split 4 for 1), Baltimore & Ohio (earnings may be $15 a share this year), and on many another stock. There was also definite bear counsel on Public Service of New Jersey (priced too high), American Power & Light (why buy stocks at their high?), Wright Aero (headed for lower levels soon...
...when it travels to New Haven to oppose the Eli track and field men Saturday afternoon. But Harvard's track teams have a habit of outdoing themselves against the Blue and this year's group in particular has showed an ability in the Dartmouth meet to fight for the split point and the final third place...
...Five. No uncommon occurrence is a stock split-up on a five-for-one basis, involving exchange of five new shares for one old share, but a stock split-up involving one new share for five old is not so unusual or so pleasant. Such, however, was the arrangement last week urged by P. A. S. Franklin, head of International Mercantile Marine Co. (operating the White Star,* the Red Star and other lines), who suggested reduction of capital from 120 million dollars to 30 million. Not only were common stockholders asked to turn in five shares for one, but holders...
Three-for-One. The more usual variety of stock split-up was reported by Hiram Walker-Gooderham & Worts, Ltd., of Canada, shareholders approving a three-for-one split-up, with rights. Hiram Walker is, of course, famed as whiskey-maker. U. S. interest in the split-up was keen in Missouri, whose Congressman Leonidas Dyer recently purchased Hiram Walker stock without knowing the nature of the product and sold, precipitately, at a loss, when the horrid truth became evident to him. Congressman Dyer talked of suing the Manhattan Curb to get back his lost money. Had he not been...
Democratic deficits customarily have been allowed to run over until the eve of the following campaign, thus strangling with debt all inter-election activity. Even the two-million-dollar Republican deficit after the Harding election was not liquidated until 1923, and then only by dubious collections and split...