Word: bulled
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Dates: during 1950-1959
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...connected with taste," says Ohio-born Artist Francis Chapin. But reservations about his fellow citizens' esthetic sensibilities have not kept Artist Chapin, 51, from spending most of the last 30 years in & around Chicago. By last week, Chicago had repaid his perseverance by awarding his bright, breezy Black Bull top painting honors and a $750 purse at the Art Institute's big 54th Annual Show...
...Chapin has had no reason to regret his decision. With an occasional portrait commission on the side, he has managed to support himself from his rambles through the big-city jungles. And returns from the Black Bull, which has been sold to the Chicago Athletic Association for $900, should keep the family going for a little while longer. "In this work," Chapin says philosophically, "three months is about as far ahead as you can plan. All I hope is that things work out so that I can keep...
...most active blue-chip stocks in the bull market has been General Motors. Its phenomenal 1949 earnings ($14.65 per share) and dividend ($8), plus a good first quarter in 1950, plus the news of G.M.'s five-year contract with the U.A.W., sent it to a 21-year high of 90¾ last week. This week G.M.'s directors took an action which will probably increase the stock's turnover. They proposed that the 43,945,133 shares currently outstanding be split two for one.* If approved by the stockholders, the change would give G.M. the largest...
Though honest-to-goodness bears were hard to find, Wall Streeters kept their fingers crossed, simply because the market had often reacted to what people thought was going to happen, rather than to what the economic signs indicated. Last week many Wall Streeters worried because the bull market had not had the reaction (i.e., a backtracking of perhaps one-third to one-half of the advance) that had interrupted long market rises in the past...
...Most bulls were betting that the deadend marker would not be reached until the industrial average hit at least 250, a relatively conservative mark of only ten times current earnings. The Chicago Journal of Commerce's Justin Barbour, the Middle-west's expert on the Dow theory, went even further. "The current rise is still the first primary rise of this bull market," wrote he. "Barring war [it] is likely to run into 1951 and above 300 for the industrial average." And J. H. Allen of Manhattan's Cohu & Co. bravely predicted that this was only...