Word: dow
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...built next to highways: one is "the largest tire in the world", on the road in from the airport, a multi-story whitewall job by Goodrich; another is a huge electronic billboard sponsored by Goodyear, greeting GM executives returning to Bloomfield Hills, which reveals--not the time, not the Dow-Jones Industrial Average, but the minute-by-minute total number of cars and trucks produced since the beginning of the year; finally, there is my favorite--a six-story-high flaming spark plug which flashes to drivers along Woodward Avenue the pious message, "Use A.C. Sparks and Watch Bonanza Every...
...keeps the poor out). The message was simple, and it was repeated: the people with the cash had better "cut loose" their "ill-gotten gains." He was enthusiastic as he ended, bringing half of the middle-class crowd to their feet in applause. A welfare mother from Maine, Carolyn Dow, in an unscheduled speech, knocked herself as "white trash" and then ripped into conference leaders for their middle-class orientation. Her melodramatic conclusion--"I hoped things had changed"--received a good response...
Sometimes the contradictions at the conference were utterly blatant. The large sessions took place in Dow Auditorium, Right. Dow...
...affects the wealth of 100 million Americans, who have at least an indirect stake in stocks through mutual funds, pension funds and insurance policies. For the past three weeks, the market has been projecting a mood of deep nervousness. By last week, eleven straight daily declines had dragged the Dow Jones industrial average down to 836, a fall of about 85 points from early September and near the year's low of 831, posted during the first trading session in January. Prices steadied at week's end, bringing a Friday close...
Wall Street Worry. Last week in the stock market, the Dow Jones industrial average fell 23 points, to 852, wiping out most of the gain that followed Nixon's announcement of the freeze. The market was reacting not only to worries about U.S. business for the rest of this year but also to the possibility of an international trade war (see story, page 35). Most important, investors were shaken by the report that mutual fund redemptions exceeded sales by $166 million in September-a record high for any month and the fourth month out of the last five that...