Word: dow
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...York Stock Exchange, the Dow-Jones industrial average, which reached a 1968 peak of 985.21 on Dec. 3, fell to 943.75 at year's end. Despite a rebound when trading resumed after the New Year holiday, the average lost ground for the week, closing...
Speculation and Shift. Altogether, 1968 was a fairly disappointing year for blue-chip industrial shares. Propelled by political as well as economic events, the Dow-Jones average bounced erratically, but gained only 4.3% for the year. Broader-based indicators of Big Board securities rose about twice as much. The New York Exchange index of all 1,249 listed common stocks climbed 9.4% and Standard & Poor's index of 500 issues rose 7.7%. On the American Stock Exchange, a haven for low-priced and often volatile issues, prices soared an average...
...over-the-counter market at an average of 40 times their per-share profits, a height last reached shortly before the market's 1962 plunge. Since 1966, the average price-earnings ratio of American Exchange stocks has jumped from 10-1 to 26-1. By contrast, the Dow-Jones industrial average finished 1968 at a level only 16.7 times the average per-share earnings of its stocks, down from 17.2 a year earlier. The decline suggests that blue chips are anything but overpriced...
...propose to demonstrate you are against the war? Did you sign a petition? March for a SANE nuclear policy? Support McCarthy? I don't pretend to have complete answers for these dilemmas, nor do I claim that it is impossible to care simultaneously for the rights of Dow Chemical and the rights of burned babies. I do claim it is damned difficult...
...meantime, the Faculty has had ample opportunity to register its collective opposition to the war, and has passed up the chance every time. The Faculty could have voted not to discipline the Dow demonstrators last winter or could have recommended last spring that military recruiters be barred from campus for the duration of the war. In practice it did neither, and probably will pass up a third chance by voting down the Putnam resolution to ban ROTC...