Word: bigs
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Dates: during 1940-1949
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...market gave the bears some mild encouragement; the Dow-Jones industrial average closed last week at 173.49. off 1.71 points. Did the big rise in "shorts" mean that the market was likely to keep on going down? Paradoxically, many Wall Streeters thought it meant just the opposite. They argued that any rise would scare the bears into "covering" (i.e., buy in the stocks they sold short), thus give the market an added boost. On the other hand, if the market dropped further, the bears would also buy so they could take their profits, thus check the drop...
...shot up 52 points; the 1948 peak came during a 30-point rise. This moved Wall Street's Francis I. du Pont & Co. to observe last week that the new bearish peak merely means that "Johnny Come Lately is on the bear side [and] it has not paid big dividends to follow him in the past...
...climaxed ten short years of railroading for William N. Deramus III, who is as big and brawny as a coal passer. Fresh out of Harvard Law in 1939, he started as a transportation department apprentice with the Wabash Railroad in St. Louis, two years later became assistant terminal master. During the war, as an Army major in India, he ran a ramshackle railroad which carried supplies to the Ledo Road. Said he: "After I got through with that line I was about ready to become a truck driver...
...window display. But as soon as Gimbels put the cameras on sale (at $89.75), Macy's sent a flying squad of shoppers across the street and bought out most of Gimbels' stock. As Gimbels hastily took out its window display, Macy's plugged the camera in big...
...behemoths were not fighting over peanuts. Last week, the first week of big city sales, some 4,000 cameras were sold in the Manhattan area alone. Though Polaroid was making 10,000 cameras a month, it was forced to ration them, as well as its special film, to retail outlets. For the first time since the war, Polaroid expected to make a profit this year...