Word: stocking
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Dates: during 1950-1950
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...accepted 600 head of cattle as an attorney's fee, and from this number hoped to breed a much larger herd. His unbranded yearlings fell into the hands of other cattlemen who promptly placed their brands on the cattle. After ten discouraging years Maverick sold his depleted stock for the amount of the original...
...Compass is to be saved, said Thackrey, it is up to the readers. He asked them to buy $300,000 in Compass stock at $10 a share, as a starter. As part of his sales talk, he gave out the first financial and circulation figures on the Compass' first-year operations. They gave a rare peek into the costs of starting metropolitan newspapers these days but they were hardly encouraging to would-be investors...
...paper was still losing "several thousand" dollars a week and current circulation of 50,000 was still some 15,000 below what Thackrey estimated the paper needed to break even. In the face of these dark figures, there was no rush to buy stock. Thackrey reported many inquiries, but weekend mail brought a slim $3,000 worth of orders...
With one big rush, the stock market last week wiped out the last of its losses caused by the Korean war-and then some. In the closing session of the week, the landing at Inchon pushed it still higher in a fever of trading that reached 820,000 shares in the last hour. Trading had soared past 2,000,000 shares for three successive days, and boosted the Dow-Jones average of 30 industrial stocks by 5.04 points...
Within an hour after President Truman signed the Defense Production Act last week (see NATIONAL AFFAIRS), the Board of Governors of the Federal Reserve System clamped down on consumer credit. But the board thoughtfully gave everyone plenty of time to stock up. Not until Sept. 18 will the ban go down on easy credit of "nothing down, three years to pay," which some retailers are offering...