Word: bullishness
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...running lower than Ottawa economists dared expect only a few months ago. The number of jobless Canadians dropped sharply last month to 234,000, which is 3.7% of the labor force, compared with 10% in March 1958. As the result of stronger demand for Canadian raw materials in the bullish U.S. recovery, Canadian exports to the U.S. surged to $321.1 million in June (v. $233.6 million in June 1958), and overall exports were up to a one-month record of $519.9 million. Canada's index of industrial production is up 7% over last year, and industrial capital investment...
...Bullish. In Bloomfield Hills, Mich., the brokerage firm of Manley, Bennett & Co., at a party celebrating the opening of new offices, served martinis containing purely decorative olives stuffed with ticker tape...
...investors continued to pour their money into M.I.T., the trust moved into first place among the nation's mutual funds in 1936, with assets of $130 million (v. $15.1 million in 1930). Despite its bullish position, M.I.T. sailed through the sharp market break of 1937 with hardly a change in its portfolio; it simply put new cash into Treasury notes as a defensive measure. In that year, Dwight Robinson was rewarded for his work by being moved up to trustee. In 1954, when Merrill Griswold moved up to honorary chairman of the advisory board, Robinson slipped into his chair...
...from 15¼ to 32¼ in 15 months, Paramount from 30⅝ to 50, 20th Century-Fox from 21¾ to 43½, Warner Bros, from 16⅞ to 40. Though Standard & Poor's recently prepared an analysis warning that movie stocks are "quite speculative," it gave bullish reviews to seven of the ten companies it examined. Says a leading Wall Street movie industry analyst: "There's a great deal of skepticism -but the Street is intrigued...
Just as sharply as it had fallen, the market rebounded at midweek, gained back about 50% of its losses for the week. Steel, which had suffered heavy losses in the dip, sprang back at more bullish estimates of steel production in the weeks ahead. Better October earnings for railroads snapped back railroad stocks. Pennsylvania reported $4,026,319 in October earnings, highest for any month this year and more than twice last October's earnings; New York Central had its best month since December 1956, with earnings of $4,674,110. At week's end the market...