Word: dowe
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Dates: during 1940-1949
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...stockmarket put on a strong-man act last week. Defying the worst flood of news since the fall of France (when equities nose-dived more than 30 points), the venerable Dow-Jones industrial averages rose $1.09 while the British were fleeing toward Alexandria, 76? more when Auchinleck began to halt the Rommel rush on Friday. Stocks went up $1.04 the day Hitler captured Sevastopol: 67? in the two days it took his African troops to capture Matr...
...more passengers than in any year since 1930 and are still looking for more (except on Washington trains and a few others). But motor transport is another story, because of the rubber shortage. For civilians, who have already cut their driving on the rationed East Coast by 55-65%. Dow Chemical's Thiokol (TIME, June 29) is the great white hope, with serious talk of enough by fall to retread 1,000,000 tires a month (out of 150,000,000 in use). Nonetheless, people who ought to know (like the Petroleum Industry War Council) were still talking last...
Thiokol is an elastic plastic made by Dow Chemical Co. Its merits as a retread material, hitherto overlooked, were enthusiastically presented to WPB last week by an authoritative group of experts from the rubber, chemical and automotive industries, headed by famed Research Engineer Charles Kettering of General Motors. They told the Government that Thiokol...
Thiokol advocates were sure that big-scale production could begin at once. Said jubilant President Willard Dow of Dow Chemical Co.: "The caustic soda we shall derive from salt. Texas alone can supply all the sulfur we shall ever need. Chlorine at present is being allocated, but we can step up production to meet all requirements. Ethylene we can get from oil or from corn, wheat or any other agricultural waste or surplus by first converting it into alcohol...
...investors felt so good about the war last week that they anted up hard cash to back their optimism, pushed stock prices to the highest level since early March. The Dow-Jones industrial average rose 3.64 points to 104.52; even the lowly utilities edged forward. Gains of the week: Bethlehem Steel, 2¼ points; Allied Chemical, 7½; Beech-Nut, 6½; Eastman Kodak, 5¼; American Telephone, 3⅝; Westinghouse, 3⅜; General Motors, 1⅝; Singer Sewing Machine, 10¼; Philip Morris...