Word: dowe
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Dates: during 1940-1949
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Ever since mid-1940, British stocks have been pushing upwards. Total rise since October 1940: about 25%, v. a 40% decline for the Dow-Jones industrial average. Yields on British stocks are now under 4% v. nearly 8% for U.S. stocks...
...this record Morgan Stanley hurdled the worst possible underwriting hazard: a sorry stockmarket. Same day as the American Tobacco offering, the Dow Jones Industrial average slumped to an eight-year...
...foot in the post-war door: it provides that the President's1 patent-grabbing powers may hold not only in wartime but "during any period of national emergency declared by him to exist." But Thurman Arnold's consent decrees with German patent licensees like Standard Oil, Alcoa, Dow Chemical, et al, have already resulted in freeing many U.S. as well as German patents for the duration...
...half-interest in Magnesium Development Corp. formerly owned by I. G. Farben. Alcoa, which owns the other half of patent-holding Magnesium Development, fabricator American Magnesium Corp., producer Dow Chemical and American Magnesium are up to their ears in an anti-trust action in which the Justice Department is alleging a plot to limit magnesium production in the U.S. Expected this week was a consent decree, to be signed by all parties...
...higher taxes; 2) the long string of United Nations defeats. Brokers' explanations are usually in the nature of rationalizations, but the effect of war economy on business was unmistakable. Many famous companies have already cut their dividends. Biggest market declines came in companies like Du Pont, Eastman Kodak, Dow Chemical, International Business Machines, whose conservative fiscal methods, progressiveness and aggressiveness had made them blue chips. Under the Treasury-proposed tax program, these sound peacetime policies will hardly pay; "excess profits" will be taxed 89%. Net will depend very little on good management now, very largely on how much money...