Word: dow
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Dates: during 1970-1979
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...double-digit levels. The Federal Reserve's move toward tighter credit, while welcomed by businessmen who share Burns' concern about inflation, helped to dash hopes of a spring rally in the stock market. Having worried down steadily from its close of 1004.65 last Dec. 31, the Dow Jones industrial average dropped another 31.63 points last week to 898.83, its lowest level in 16 months...
Writers' reputations are as volatile as dollar stocks. Henry James has been up and down the literary Dow Jones so often that his pants are shiny from the ride, while Rudyard Kipling, who won the Nobel Prize for beating the drums of imperialism, is read these days-if he is read at all-almost exclusively by children. Sinclair Lewis, the great name of the '20s-and the first American to win the Nobel for literature-is noticed only by spiders on library shelves, and John Dos Passos, who dominated the '30s, is all but forgotten...
Most disappointing to Wall Street analysts was the performance of IBM, which has become expected to ring up big gains every quarter. This time its net income rose only 5.3% from the first quarter of 1976, in part because of price cutting. The report helped send the Dow Jones average of 30 industrial stocks down 8 points in one session. Steel was off; Republic, the industry's fourth largest producer, reported a $6.2 million loss for the period, caused largely by winter natural-gas shortages and transportation difficulties. Chemical company earnings were down, despite rising sales. Union Carbide...
...Texas A. & M. specialists have located about 300,000 documents, only 15% of which had been catalogued after the war. Dow Chemical, Union Carbide and Diamond Shamrock will help underwrite the massive job of collating all the information and feeding it into a computer at the federally run Oak Ridge Energy Center, where it will be available to anyone who wants it. Already some interesting findings have turned up. For example, German scientists discovered a method of capturing the sulfuric acid released by coal when it is turned into oil; that could point to an important pollution-control technique...
...peculiar design of Augusta National allows both sizzling scoring streaks and unmitigated debacles. Since the Masters began, every hole has been eagled during the tournament. On the other hand, Frank Walsh needed 12 strokes on the eighth hole, Herman Barron took an 11 on the 16th, and Dow Finsterwald carded a 12 on the par three 12th...