Word: bearishness
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Stock Tunes. The New York Stock Exchange, "in the interest of encouraging sound investment and responsible ownership of securities," will sponsor its first radio program, a weekly 55 minutes of "good" musical recordings (on Manhattan's highbrow WQXR), beginning the end of this month. Quipped one bearish New Yorker: "The theme song should be 'Where Has My Little Dog Gone...
...this time, you probably know the yarn of the circus bear who ran away and discovered a Law of the Wild that Jack London must have missed: bears make love with a slap. Bongo's understanding of bearish tactics grows through many rounds of grizzly fistienffs, and he finally learns that to court his love, he must make with a right to her muzzle. Add some good tunes to his slaps, and the result is tops. Clumping about in a Northwoods that would make a lumberman's mouth water, Bonge and the bears paw one another sufficiently to reach anybody...
...pamphlet admits vehemently that such an association has so far been made impossible by Russia's bearish, boorish behavior: "It is difficult to forgive from a recent ally such attacks as the following, broadcast to Norway by Moscow radio on June 8, 1946: 'This little country [England] went to war because it and its fascist reactionary leaders love war and thrive on war. The attack on Hitlerite Germany was purely incidental...
Bearing Down. From April 15 to May 15, the short interest on the New York Stock Exchange jumped about 30% to a total of 1,314,391 shares. It is now the highest since December 1945 and the rise was the sharpest since 1934. Despite this bearish view of the future, the New York Stock Exchange rallied from the year's low. At week's end the Dow-Jones industrial averages were up over three points...
...Gets the Cash With the bogy of John L. Lewis looming big and black over bearish Wall Street, the market for new stock issues had seldom looked colder. But General Motors Corp., hard up for ready cash to carry out its $500 million reconversion and expansion program (TIME, Nov. 18), plunged in anyway, found the water was not as cold as it looked. G.M.'s new issue of $100 million of preferred stock, largest new-money preferred issue of all time, was snapped up in short order last week. In a few hours, the stock ($100 a share...