Word: dows
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Dates: during 1930-1939
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...timidity of business as a whole appeared best in two broad indices, the stockmarket and the volume of commercial loans. Last week the market rebounded vigorously on the news that Czechoslovakia would give in to Hitler. In two days the Dow-Jones industrial averages jumped from 134.1 to 139.2. Then came the breakdown in negotiations, and traders pulled in their necks. The news came after Eastern exchanges were closed and dumping hit the San Francisco Exchange with a rush...
...important. Last week the SEC and the Exchange had their heads together on methods of cushioning the inevitable shock that war liquidation would bring. Day after the Sudeten ultimatum to Czechoslovakia, volume rocketed to 2,800,000 shares and prices broke to new lows since June (132 on the Dow-Jones Industrial scale...
...appeared. After a fortnight's drifting at about the same level, on volume about half that of booming June and July, prices dropped for six successive days. At week's end all gains since July 2 had been erased; from the August 6 recovery high of 145.67, Dow-Jones industrial averages plopped...
Kick. In early 1937, security prices reached 194 on the Dow-Jones industrial averages, climax of a two-year bull market, then collapsed with a world-wide break in commodity prices. By July, prices once more had begun a slow rise, although volume of trading was unbelievably thin. It was actually the beginning of Depression II, but almost to a man the brokerage community believed what Charles Gay put into his Exchange report-that too strict regulation by SEC was to blame. Wrote President Gay in his usual mild way: "I am fearful that, in an effort to cure what...
...called for appointment of a committee to study reorganization, then delay on the job long enough for the crisis to blow over. Accordingly, the governors voted for such a committee, gave Gay the right to appoint it. But Gay had seen the light. Viewing the crash (by then the Dow-Jones average had dropped to 113), the depression and Douglas' determination, Gay decided it was time to play ball. To the fury of the Old Guard, he appointed a genuinely liberal committee headed by a non-Exchange member, Carle Cotter Conway, dynamic chairman of Continental Can. Among the liberals...