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...factors rather than basic change, but at least inflation has not grown worse. The consumer has felt little relief yet, but economists are encouraged by a recent drop in the wholesale price index of sensitive commodities, including eggs and meat. The stock market reflected the new atmosphere as the Dow-Jones industrials rose 35 points, to a week's end close...
...players. To prevent ballot stuffing, Kuhn arranged to have the voting policed and tabulated by computer. Trouble was, to allow enough time for programming the computer, managers and player representatives had to select the nominees last spring, which is about as reliable as trying to predict the Dow-Jones averages eight months in advance. Spaces were left on the ballot for write-in votes-but how many fans will take the time or trouble to spell Billy Grabarkewitz, a surprise .339 hitter on the Los Angeles Dodgers...
...year, you will recall for example, there was a considerable furor over who should or should not be permitted on campus to interview graduating students for possible jobs. The SDS, playing on a dissatisfaction widely held in our community, made an inflammatory issue out of the presence of a Dow recruiter on the campus, implying that his presence proved the University's insidious complicity in the hated war effort...
Among the results, Pusey said, were the S.D.S.-inspired furor over the presence on campus of a Dow Chemical recruiter in 1967 and this year's insinuations that Harvard's Center for International Affairs is engaged in "complicity with our nefarious Government." It is clear, he said, that "the old McCarthy technique is at work again, but this time-it is a sorrow to have to acknowledge it-by our own, and in our midst." Pusey urged his graduates to "refuse to succumb to cynicism or hopelessness. It is a long way around," he said...
...stock market looked somewhat more cheerful last week than when the Dow-Jones industrial average scraped its late-May low of 631, but Wall Street's brokers were still gloomy about their own private profit squeeze. In the long bear market, the brokerage houses suffered more severely than most of the firms in whose shares they deal. The capital-to-debt ratio of three out of the 25 largest brokerage houses was so low in recent weeks that the New York Stock Exchange has been pressuring them to trim expenses by dropping employees and reducing salaries. Many firms have...