Word: dow
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...making capital outlays-some minor, some potentially sizable-to save more fuel. Some plants began investing even before the fuel shortage. Four years ago an RCA Corp. cabinetmaking plant in Monticello, Ind., converted its heating systems to burn 30 to 40 tons of its own waste wood daily. Dow Chemical Corp. has cut steam consumption in half at one of its plants, partly by installing a more efficient heat-transfer process. The investment of $44,000 was offset within a year through lower energy bills. Alcoa has developed a new smelting process that is expected...
...depth of the pessimism is not always apparent; the drop has been interrupted by some spectacular, though short rallies. One volcanic surge that carried over into early last week lifted the Dow Jones industrial average 60-odd points in three days. One reason: heavy selling has depressed prices of two-thirds of the stocks listed on the New York Stock Exchange to ten times earnings or less, and investors now and then move in herds to pick up bargains that by past standards seem remarkable. But so far every such rally has quickly run into a wall of selling...
...inaugural and the day after, the stock market's recently leaden Dow Jones industrial average shot up almost 50 points, its largest two-day gam ever; Wall Street analysts attributed part of it to a boost in political confidence caused by Ford's swearing-in. In Washington, an AFL-CIO lobbyist said that Ford's arrival was "our go-ahead" for a broadened labor push for impeachment. In addition, the two dailies owned by Chicago's Field Enterprises chose Ford's inauguration day as the occasion to urge in editorials the "vigorous pursuit" of impeachment...
...Brazilian generals see this expansion into other countries as an extension of U.S. development. General Coute e Silva, former head of National Information Service and presently president of Dow Chemical in Brazil, said: "Because of its geographical position, Brazil cannot escape the North American influence. Therefore, it has no alternative than associating itself consciously with the mission of the United States in the Latin American continent...
Though the stock market in general is taking a fierce battering because of the fuel emergency (last week the Dow Jones industrials fell 17 points, to 891), investors have found a new group of stocks worth betting on. During one session last week, 22 of the 26 stocks touching new highs were energy-related companies. Among them: United Nuclear; Getty Oil; Hughes Tool, which makes oil-drilling bits; Ingersoll-Rand, which manufactures mining machinery; and the Williams Companies, which build pipelines...