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...resolution at Dow Chemical Company--to establish a review committee and conduct a detailed study concerning the company's production of two herbicides, "Silvex" and "2,4,5,-T," a chemical linked to the disputed Agent Orange--also received a Corporation abstention...
...another resolution, the ACSR unanimously voted to join several church groups requesting Dow Chemical Company-in which Harvard owns about 54 million worth of stock-to form a review committee to examine the existing and potential health consequences of two herbicides it produces...
...clearest sign of good cheer was a stock market rally that sent the Dow Jones industrial average surging last Wednesday to 1,015.22, an eight-year high. The market eased off later to end the week at 994.78. Wall Street has been strong since last fall, when polls showed that Ronald Reagan might defeat Jimmy Carter and bring a more pro-business atmosphere to Washington. Says Monte J. Gordon, research director for Dreyfus Corp., a large New York investment firm: "Reagan has been an aphrodisiac for the market...
Last week was the second time in less than a year that Granville appeared not only to have predicted a major market swing, but also perhaps to have set it off. Wall Street sages believe that last April 22, Granville singlehandedly whipped the Dow Jones index into a 31-point advance with a flash advisory to buy stocks...
Granville says that he reached the decision to send out the sell order last Tuesday afternoon. Sitting in his posh, stuccoed office in Holly Hill, Fla., he watched the Dow Jones briefly hit 1013.13 before closing the day at 1004.69, a four-year high. In his Jan. 3 newsletter, he had predicted that the market could easily go up another 50 points from its level of 963.99, but looking afresh at the indicators he follows, Granville decided that the top of this bull market had been reached. Says he: "It involved no decisions on my part. I was just following...