Word: stocking
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Dates: during 1950-1950
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Sponge in the Ring. Like many another anti-German paper, Le Figaro closed its doors when the Vichy government took over unoccupied France in 1942. Two years later, the liberation government licensed Director Brisson to start publication again-virtually ignoring Mme. Cotnareanu and her 97% stock control. In & out of the French courts, Mme. Cotnareanu fought to get editorial control as well. Since she lived in New York City, she wanted Brisson to adopt what she termed "an American policy," reflecting the views of the U.S. State Department. Brisson refused, continued what he called his France-first policy that sometimes...
Last week Mme. Cotnareanu threw in the sponge. After selling half her stock to a pro-Brisson group headed by Jean Prouvost, onetime Minister of Information and prewar publishing king of France, she signed a management contract entitling Brisson and his top editors to run the paper for the next 19 years...
...Over there" was the grey, stone-walled New York Stock Exchange. Inside, on the crowded trading floor, there was no gloom, only pent-up excitement. The huge cavern buzzed with talk of General Motors' new five-year contract with the C.I.O.'s United Auto Workers (see NATIONAL AFFAIRS). The pact had been announced the day before, after the market closed, and traders now wondered how this testimonial to continued prosperity would affect the market...
...opening gong, the traders began milling around the 18 stock trading posts. The biggest crowd jammed around Post No. 4, where two specialists handle the buying & selling of G.M. stock. Up rose a babble of cries. "I'll take 2,500 shares," offered one eager buyer. So many cried to buy "at the market" that the specialists, flipping through the sell orders on their books, had to huddle with a governor of the Exchange to set a fair opening price...
...million loan from the Reconstruction Finance Corp. The new credit, according to McCarthy, came from the Equitable Life Assurance Society and the Metropolitan Life Insurance Co., who together are already owed an estimated $50 million by McCarthy companies. In the autumn, McCarthy added, he would float a public stock issue on his McCarthy Oil & Gas Corp...