Word: dow
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Dates: during 1970-1979
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...Methodist Church. Its Board of Missions yanked a $10 million investment portfolio out of First National City Bank of New York when that bank and nine others extended a $40 million line of credit to South Africa. The women's division of the board sold $400,000 in Dow Chemical stock to protest the "moral irresponsibility" of the company's napalm...
...begining there had been no Committees. The first political cases in recent history-the Dow-Napalm recruiter and the sit-in at the Paine Hall faculty meeting to discuss ROTC in the fall of 1968-were decided by the Ad Board, a body previously concerned with shoplifting and panty-raids. When the Ad Board, in 1968, voted 8 to 7 to require 5 students who had been in Paine Hall to leave Harvard, the faculty overturned this ruling. The Paine Hall 5, the faculty decided, would receive a "suspended" requirement to withdraw. They could stay in school as long...
...shares) and second busiest day in history; total volume last week rose above 100 million shares for the first time. This gigantic volume has been associated with neither a panic nor a wild speculative bout, but with a steady price advance that last week lifted the Dow-Jones industrial average seven points to a close of 868, the highest in more than 18 months. The index has recovered two-thirds of its losses between the December 1968 high of 985 and last...
...funds held more than 9% of their assets in cash v. a normal 5% or 6%. The institutions bought modestly during the early stages of the recovery from the market's deep price slide, and some regret their caution. By Dec. 31, prices had recovered enough for the Dow-Jones industrials to close 1970 with a 4.8% gain; the average mutual fund reported a 9.3% drop in the value of its holdings. Fearful that clients will accuse them of letting the market advance elude them, the institutions are now buying aggressively...
...Wall Street casualties who drive taxis in New York City. But there is a resilient breed of ex-brokers who have rebounded from the stock market slump by starting lucrative new careers. Though their ventures vary widely, the once-busted brokers are united on one point: even if the Dow-Jones average doubled in a year, they would never go back to the market...