Word: bulled
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Dates: during 1950-1959
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...campaign not only succeeded, it set the Japanese buying stocks with such a frenzy that by last week Tokyo was in the midst of a ripsnorting bull market that made Wall Street's look like Elsie the Cow. In fact, Japan's bull was about as wild & woolly as the 1929 market in the U.S., including such trimmings as insiders' "pools" to run stocks up & down like a thermometer. Last week, while Wall Streeters were glad to trade 1,000,000 shares a day, the Japanese were trading an average of 8,000,000 daily...
Peace, It's Wonderful. No Japanese stock is quite as wonderful, or as strange to U.S. eyes, as one called Peace Real Estate Co. Peace owns the Tokyo Stock Exchange building, and bases its rentals on the amount of trading done. Consequently, when the bull market stepped up trading, Peace's profits rose, and the rise in Peace's stock helped to create more trading, in a kind of endless circle. As a result, Peace has become as much a bellwether for Tokyo traders as General Motors for the U.S. Since January, it has risen from...
Along with its bull, Japan has acquired another U.S. phenomenon, the investment trust, in which investors may buy part ownership in scores of companies. Japan now has seven such booming trusts, which charge only 2½% in commission, and pay 7% interest. So far, they have sold $70 million worth of securities to workers, housewives, farmers, even labor unionists. (One of the biggest trusts, operated by Nikko Securities Co., reports good sales among prostitutes, who have large savings after seven years of occupation...
Japan's bull is beginning to catch the eye of U.S. investors. Exchange officials now estimate that Americans own about $1.4 million worth of Japanese stocks.* And last week the New York Curb Exchange hoped that by year's end a few better-grade Japanese stocks will be traded on its board...
...bull market continued to edge up last week, investors kept a sharp eye on the form sheets of second-quarter earnings and hustled to place their money on the winners. Most sparkling performer was Chrysler Corp. President Lester Lum ("Tex") Colbert reported a 20% jump in net to $44 million in the first six months despite a 10% drop in sales (to $1.3 billion). Chrysler's good showing, said the company, resulted from auto-price increases big enough (15% in a year) to overcome higher taxes (up 220%), and higher unit costs caused by restricted auto output...