Word: dowe
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Dates: during 1940-1949
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...much and trading has been so dull that many a company has not been able to float new security issues, get cash needed for expansion. Four days before the FRB announcement, the market had its worst sinking spell in nearly two months. Stocks fell one to ten points; the Dow-Jones industrial averages dropped 2.76 points to 172.49. The day after the announcement, the market, which had recovered somewhat, bounced up, even though margin trading would not actually start till February...
...toward new materials and new construction methods was best shown in small boats. On hand were: unsinkable aluminum "Air Skiff" dinghies made by Douglas Aircraft Co., Inc. (price: $250 & up); Grumman Aircraft Engineering Corp.'s new aluminum dinghy, along with its older aluminum canoe; magnesium rowboats of the Dow Chemical...
...board chairman of the Union Pacific Railroad, had a hand in it. He persuaded his fellow directors that the U.P., hungry for prestige and passengers, should build a resort at Sun Valley. Hollywooders (including Norma Shearer, Claudette Colbert and Darryl F. Zanuck) made it fashionable. Manhattan Banker Harvey Dow Gibson hired Austria's famed skier, Hannes Schneider, and spent $1,000,000 to build his home town, North Conway, N. H., into one of the East's major ski resorts (TIME...
...profits-and production-went from bad to worse in the first half of the year (see chart). So many little people rushed in to buy that the Stock Exchange spent $750,000 in newspaper and magazine ads to warn the lambs away from the wolves. On May 29, the Dow-Jones industrial averages reached 212.5, then turned queasy. But it was not till Sept. 3 that the collapse came. In five hysterical hours, 2,900,000 shares were traded as the averages plummeted 10.51 points, biggest one-day drop since 1937. In the next few weeks, the average dropped...
...face of this, some companies are already settling out of court. Dow Chemical last-month paid out $4,656,000 for portal pay back to 1940. This is relatively small compared with some estimated potential liabilities. Examples: ¶Overall liability of U.S. Steel for back portal-to-portal pay and damages might run as high as $500 million. ¶ Republic Steel: $100 million. ¶ Bethlehem Steel: $100 million. ¶Aluminum Co. of America (which has had suits filed against some plants): $80 million...