Word: stocking
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1940
Sort By: most recent first
(reverse)
When Detroit's production lines, as though fleeing conscription, raced down the last quarter at 120,000 units a week, pessimists anticipated an inventory accumulation. Yet sales were too fast for dealers to keep more than one month's stock on the floors. Meantime the factories, still dodging priorities, managed to get in some advanced retooling (more facelifting) for the 19425. Having led every U. S. boom since 1921, Detroit could not be counted out of 1940-5. And it managed to keep its arms work (G. M. contracts alone totaled $400,000,000) as a sideline...
...Stock traders divide their December attention between the year-end dividend crop and their March 15 income-tax returns. Last week sales for tax purposes weighed heavily on the New York Stock Exchange, helped depress it still further...
Despite the production boom, stock prices never have climbed back to the level from which the Lowlands Blitzkrieg toppled them last May. Thus many a shareholder had paper losses this month on stocks bought before the May collapse. To deduct them from his 1940 taxable income, he had to sell the shares, turn his paper losses into real ones. He then could deduct his short-term losses (on securities held less than 18 months) from short-term profits taken on other transactions this year, carry any net loss over to deduct from next year's short-term profits...
...ever knows how many December stock transactions represent tax selling, but it was clear that many of this month's deals were made with March in mind. One day a block of 30,000 shares of New York, New Haven & Hartford was sold for $1,875 (6¼? a share), or $675 less than the seller (possibly Pennroad Corp.) had to pay in commissions and transfer taxes. Corn Products Refining Corp., which pays a $3 dividend and sold as high as $65.12 this year, went at a bargain near its eight-year...
...stockmarket, and, in the '20s, made money at it. Soon he began to tell his friends about his North America Investment Fund, Inc., of his success in increasing its original $100,000 assets to over $1,000,000 by 1929. They bought $165,000 worth of its preferred stock. The common was good for loans from conservative National Bank of Germantown & Trust Co., from big, respectable Philadelphia National Bank...