Word: stocking
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Dates: during 1950-1950
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...Palace at restored Williamsburg, Va., a string ensemble played Mozart, liveried footmen served fruit punch, and 200 visitors swapped the latest ideas about antiques. It was the 19th and final night of the second annual forum on antiques, sponsored by Colonial Williamsburg Inc. and the magazine Antiques. Lock, stock & rocking chair, Antiques' Editor Alice Winchester and most of her staff had traveled to Williamsburg to pick up a few ideas themselves. Last week they were back at work in their modern Manhattan offices, getting ready to tell their readers all about it in a forthcoming issue...
...ukulele on the air pumped new life into an industry that had been dormant since the early 1930s. Said uke salesman Jack Loeb: "Sales went from nothing to higher than they had been even in the 'flapper' days . . . We can't keep enough ukuleles in stock...
...prices', improving them, then selling out at a fat profit. Three years ago, he thought he saw a real bargain in Barnsdall Oil Co. Since Barnsdall had proven reserves of at least 140 million barrels of oil, each of Barnsdall's 2,223,307 shares of common stock was backed by roughly $120 worth of oil in the ground. Yet the stock was then selling around $30. Odium began buying large blocks of Barnsdall stock, by late 1948 had acquired enough (35%) to get control of the company. Odium moved in as chairman, brought along...
Charlie Merrill and his partners had done their best to overcome both obstacles, and "Bring Wall Street to Main Street." Last year, Merrill Lynch explained stock-market operations to dirt farmers at state fairs (TIME, Sept. 5) and gave lectures on security management to 30,000 women in 65 cities. This year it plans to spend $420,000 on newspaper and magazine ads, almost as much as the New York Stock Exchange itself spends...
Charlie Merrill thought that stock buying could be made more attractive by eliminating such drawbacks as the double taxation of dividends. That was a campaign, he thought, which stockholders themselves should wage on Congress...