Word: chip
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Dates: during 1960-1969
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...share holding of General Motors, the price of Du Pont stock has fallen almost 50% from its 1964 high of $293.75. Last week, after losing another $2.50, it closed at $153.25. Even so, Du Pont remains the highest-priced stock in the Dow-Jones industrial average of 30 blue-chip companies. Its plunge has therefore pulled down that bellwether index four times as much as would a similar rate of decline in a stock priced at a more typical $50 a share...
There were no campaign speeches or even any notable issues, just a blue-chip field of ten candidates for five seats on the 30-member Harvard Board of Overseers. Among them: Senator Robert F. Kennedy, class of '48. When the 27,000 ballots were counted last week, Candidate Kennedy had finished last. Bobby could take one consolation from the defeat. His brother John, class of '40, was also defeated when he first ran for the board in 1955, was not elected until two years later...
...were even coming into eighteen, and both hit long drives on the 420-yard finishing hole. The Yalie, using a four-iron from a good 180 yards out, hit a remarkable approach three feet from the pin, and Tibbetts shot up short. But he came back with a great chip inside the Eli's ball, putting the pressure of his opponent, who calmly sank his three-footer for a birdie...
Though the Dow average of 30 blue-chip stocks has now erased three-fifths of its 1966 slump, broader gauges of the market show even more striking recovery. Standard & Poor's index of 425 industrials last week soared to an alltime high of 101.16, and the ten-month-old composite index of all 1,267 common shares traded on the New York Stock Exchange reached a new peak...
Apart from good lawyers and proven box-office appeal, Carson had some borrowed leverage working for him-the threat of new competition from the ABC network. Theoretically, ABC's Joey Bishop Show, which started last week opposite Tonight, was bound to chip away at Carson's audience. After a week's run, it looks as if neither NBC nor Carson has anything serious to worry about...