Word: dowe
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Dates: during 1970-1979
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...prevent panic. Walston's 143 offices remained temporarily open for business, and its 300,000 customers were free to transfer their accounts to other brokers at any time. In contrast to previous Wall Street failures, the stock market hardly noticed Walston's impending demise: the Dow Jones industrial average was virtually unchanged on the day of the announcement, and it finished the week at 859, up four points...
...flusher times, Perot's plan might have worked. But the stock market has been wobbling downward ever since the Dow Jones hit its alltime high of 1051.7 in January 1973. The advent of negotiated commission rates for large transactions in 1971 has cut into the profits of many firms. New York Stock Exchange member firms collectively lost some $80 million last year after turning a profit of more than $787 million in 1972. Among the biggest losers was Walston, which reportedly dropped $22.9 million between July and November, the first five months of Perot's stewardship. Meanwhile, duPont...
...behold, there was Jerry Mathers as "The Beaver." There's nothing quite as enjoyable as a 7:30 rerun of that immortal series "Leave It To Beaver." (For you Tony Dow fans, the show can be seen on Channel Five.) The Beaver (Beaver Cleaver) it seems, was being teased at school by several girls who thought he looked like a sheepdog (seriously...
...making capital outlays-some minor, some potentially sizable-to save more fuel. Some plants began investing even before the fuel shortage. Four years ago an RCA Corp. cabinetmaking plant in Monticello, Ind., converted its heating systems to burn 30 to 40 tons of its own waste wood daily. Dow Chemical Corp. has cut steam consumption in half at one of its plants, partly by installing a more efficient heat-transfer process. The investment of $44,000 was offset within a year through lower energy bills. Alcoa has developed a new smelting process that is expected...
...depth of the pessimism is not always apparent; the drop has been interrupted by some spectacular, though short rallies. One volcanic surge that carried over into early last week lifted the Dow Jones industrial average 60-odd points in three days. One reason: heavy selling has depressed prices of two-thirds of the stocks listed on the New York Stock Exchange to ten times earnings or less, and investors now and then move in herds to pick up bargains that by past standards seem remarkable. But so far every such rally has quickly run into a wall of selling...