Word: stocking
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Dates: during 1960-1960
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...they going to do it? St. Thomas Aquinas stated that an inade quate argument for religion invites the derision of nonbelievers. If a boy at a Catholic college has the impression that his religious problems are not being hon estly faced - that he is being provided merely with stock textbook answers -then he might conceivably be in a worse position than in an atmosphere of true inquiry. In such an atmosphere, at least, he can always rely on the simplicities of the faith he learned in childhood...
Tell Laura I Love Her (Ray Peterson; RCA Victor). The newest and by all odds the sickest of the sick teen-age songs describes a young driver who enters a stock-car race to get money for a wedding ring and. as he is slowly dying in flames, warbles: "Tell Laura I love her/Tell Laura I need her/Tell Laura not to cry/My love for her will never die." With Singer Peterson bleating expressively through his tears, the record looks uncomfortably like a top seller...
...stock market last week made the biggest one-week rally in its history, rolling up a spectacular gain of 25.90 on the Dow-Jones industrial average. The market advanced steadily through the week, was turned back slightly at week's end by profit taking after the sixth successive rise. It ended the week at 654.88 on the industrial average, highest since Jan. 15, adding nearly $10 billion to the value of stocks on the exchange. The business picture had changed little, but Wall Street's psychological mood had obviously changed, and the bulls roamed the Street with little...
...faltering companies that have potential earning power and whose s tock is selling for less than the company's book value. He also likes to find a company with cash in the till to help pay the purchase cost. Evans never merges his company with others through stock swaps, instead buys the other company's stock and retires it, thus increasing the value of the purchasing company's stock. Per-share value of Porter stock increased from $9.32 in 1950 to $49.43 last year...
...chief purpose of corporations is to make money for the stockholders." A major ill in U.S. business, Evans believes, is that not enough directors have their financial fate riding on the company they direct. Says Evans: "Good business is self-interest. If a director does not have as much stock as he can afford, he is simply not involved enough." Evans practices his beliefs: he owns 76% (worth $43 million) of Porter's common stock; in Crane he owns 162,000 shares, worth...