












love of the colour blue

A blue chip stock is the stock of a well-established company having stable
earnings and no extensive liabilities. The term derives from casinos, where blue
chips stand for counters of the highest value. Most blue chip stocks pay regular
dividends, even when business is faring worse than usual.
The phrase was coined by Oliver Gingold of Dow Jones sometime in 1923 or 1924. Company folklore recounts that the term apparently got its start when Gingold was standing by the stock ticker at the brokerage firm that later became Merrill Lynch. Noticing several trades at $200 or $250 a share or more, he said to Lucien Hooper of W.E. Hutton & Co. that he intended to return to the office to “write about these
blue chip stocks.” Thus the phrase was born. It has been in use ever since,
originally in reference to high-priced stocks, more commonly used today to refer
to high-quality stocks. In contemporary media, Blue Chips and their daily
performances are frequently mentioned alongside other economic averages like the
DJIA.


Did You Know... KitKat was once blue?
Seriously. KitKat may be famous for its red white wrapper, but it did, however, sport a blue wrapper in 1945 when plain chocolate was used due to shortages of milk after the war. The Blue KitKat was withdrawn in 1947 when the standard milk chocolate KitKat was reintroduced.

"Reckitts Rugby League Club are the oldest amateur rugby league club in Hull. We were established in 1911 and are celebrating our 90th anniversary this year. The club was formed by members of the large pharmaceutical company Reckitt and Colman who, initially, played inter-departmental games prior to having other opposition to pit their skills against."