Word: dowe
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Dates: during 1940-1949
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...much of the combing-out job is hardheaded, old (68) Major General Lorenzo Dow Gasser, veteran of the Spanish war. Gasser, serving in the Office of Civilian Defense in the early, jittery days of the war, met the civilian clamor for gas masks, fire-fighting apparatus, etc. with a hardboiled: "The military comes first. The civilians will have to get along as best they can." Over a year and a half ago, General Gasser charged into the Army's combing-out job, leading 14 "personnel audit" teams...
...Street, there was a touch of the old fever. Three days in a row the roaring stockmarket pushed sales up to more than 2,000,000 shares. In one wild last hour's trading, 800,000 shares changed hands. Twice the high speed ticker fell behind. Result: the Dow-Jones industrial averages soared to 156.68, highest since the war-begotten boomlet of September 1939. The rail averages kept pace with them. At 51.35, railroad stocks were at their peak since 1937, when the last big bull market fell on its face...
...dawdled while buyers tried to make up their minds about the war. Last week, they came to a decision they were willing to bet on: Germany will last for another six months, at least. Result: the market surged upwards in five successive million-share days. And the bellwether Dow-Jones industrial averages, which reclined in the optimistic days of last September, rose to their highest point, 151, since January...
...Conditions" disclosed that the collegiate moneylenders had not earned less than 4% since 1938. Noting that a few colleges were still following a "Rip van Winkle" financial policy of "turning over once and then sleeping," the Council recommended homework on the tried & true "Vassar Plan": buy stocks when the Dow-Jones industrial average is under 130, cash them in for bonds when the market booms...
Even the chart-minded fence-sitters, who buy & sell according to the famed Dow market theory, finally had satisfactory statistical evidence of a bull market. Since last July, when the market stumbled after a long rise, Dow theorists have anxiously waited for the market to "prove itself," i.e., break through the July peak, or slump into a full grown bear market. Last week's breakthrough supplied the bullish proof...