Word: chryslers
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Dates: during 1940-1949
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...Wall Street they tell of a trader who bought Chrysler near its depression low of 5, sold it near its 1937 high of 135¼, traded thousands of shares and yet lost a few hundred dollars on the stock. Reason: instead of sitting tight and letting the bull market work for him, he was in and out of Chrysler several times a day, buying on meaningless rises, selling on fractional declines...
...argued that the market always anticipates the production trend; that the '39 Wall Street doldrums had called the turn on the new business recession; that last week's sprint meant more capacity operations around the corner. But bears (to whom most news is bad news) remembered the Chrysler trader who failed to outguess the tape. They reasoned that the market's way of rising is to go down 1, up 2; that its way of falling is to go down 2, up 1; that last week's rally will soon be just another pointless zigzag...
...Detroit last week General Motors Corp. celebrated an event that has yet to happen in any other nation: off Chevrolet's assembly line rolled the 25,000,000th General Motors car. Meanwhile, older mass-producer Ford was nearing its 28,000,000th; and younger mass-producer Chrysler had passed its 7,500,000th. All together, all motor makers of all other nations have yet to build their 19,000,000th...
...came a $9,000,000 order from Fruehauf Trailer Co. of Detroit. This order for 10,000 stainless steel unassembled semitrailer bodies meant that at 69 courtly Edward Budd was crossing a new frontier in the Detroit automotive field, where for years he has sold bodies and wheels to Chrysler, Ford, General Motors and various others. That the No. 1 trailer manufacturer was going in for stainless steel in such a big way was good New Year's news for 27-year-old Edward G. Budd Manufacturing Co., which made the first all-steel auto body in 1912, first...