Word: dips
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Dates: during 1960-1969
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Last year reduced consumer spending and the consequences of stockpiling in expectation of a long copper strike caused sales to dip to $352 million and earnings to $13 million. But Baldrige expects 1968 sales and earnings to be every bit as good...
...order to amplify his musical ideas. Straight Up and Down is a tidy blend of high-flying exuberance and smooth delivery (note the trumpet's sassy quote of Sweet Georgia Brown and the baritone sax's sly paraphrase of Once I Had a Secret Love). While Mississippi Dip is a blues to be taken lithely, A Taste of Honey switches tempos faster than the foot can follow, building to heated ensemble crescendos behind Frank Foster's tenor and Jerry Dodgion's flute solos. New Girl, composed by Pearson, has a graceful flair and a nifty construction...
Whatever the reason, the dip made the smaller and more vulnerable brokerage houses wonder whether the backlog of paper work could not push them toward the "fail-safe" limit...
Behind the Dip. Last week the market did fall sharply. The Dow-Jones industrial average dropped 13.60 points on the first day, recording the worst setback since June 5, 1967. For the week, the Dow dropped a total of 25.45 points to wind up at 888.47, way below the cherished "support level" of 900. Brokers claimed that the sell-off was a delayed reaction to bad news concerning the Paris peace talks and the Czechoslovak-Russian confrontation, combined with an anticipated economic slowdown as a result of the 10% tax surcharge. Frederick Stahl, chairman of Standard & Poor's, suggested...
...open market. Gold fever has also been dampened by the fact that France is no longer in a position to cash in dollars for U.S. gold. On the contrary, a good part of the gold that has flowed into the U.S. comes from France, which has been forced to dip into its hoard to defend the beleaguered franc...