Word: stocking
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Dates: during 1960-1960
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Back in July, renowned Birth Controller Margaret Sanger, 77, took a suspicious look at Roman Catholic Presidential Nominee John Kennedy and dramatically announced that she would move out of the U.S.-lock, stock and devices-if he were elected. Last week she changed her mind, decided to give Kennedy's Administration a one-year trial before making any plans for expatriation. Reason: "Some of my friends who are also very close friends of Senator and Mrs. Kennedy have told me that they are both sympathetic and understanding toward the problem of world population...
...stock market last week took a look at the President-elect of the U.S. and decided that it was not dismayed by what it saw. Building on a strong tone the week before election, it bounded upward when Kennedy's election was assured. In heavy turnover, stocks broke through the 600 barrier on the Dow-Jones industrial average, ran up a 12.54 gain for the week (to 608.61) in one of the year's best rallies...
From Austin's KTBC-TV, in which Mrs. Lyndon Johnson holds a majority of the stock, came $25,000; the Ford Foundation pledged $40,000. With $112,000 to go, Greenburg got another philanthropic windfall of $55,000. Keeping it secret, he called a mass meeting of businessmen to spring his surprise. "I'll take 5% of what's left," cried a gleeful brewer. In ten minutes channel 9 had a full till...
BILKED CUSTOMERS of Du Pont, Homsey & Co. were offered $690,000 by the New York Stock Exchange to make up for their losses because of the Boston brokerage firm's misuse of their securities. It is the first time in the exchange's 168-year history that it has agreed to accept responsibility for losses to a member company's customers in a case of fraud...
...into $102,000. His first boost was from Walter E. Heller Co. (TIME, Feb. 15), which loaned him $1,000,000-at 10% interest. In 1955 he raised more capital by selling bonds with warrants convertible into common stock. The stock-bond package offered at about $4,000 in 1955 is now worth $102,000, and seven of the investors who gambled on Walter have made more than $1,000,000 each since then...