Word: dows
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Dates: during 1930-1939
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...turn of the century. Wall Street was run by men in muttonchop whiskers, high square derbies, baggy trousers; they thought of stock prices as unrelated quotations on individual issues, often the result of manipulation. Charles H. Dow, a small, precise man, first editor of The Wall Street Journal, had a different idea; he had been keeping averages of railroad and industrial stock prices since 1897, had found beneath individual fluctuations a trend of the market as a whole...
...Charles Dow died in 1902 without having made much impression on cynical Wall Street. A subsequent editor of the Journal, florid William Peter Hamilton, embroidered the idea, told men in pegtop trousers and telescope hats that the averages forecast both business and market trends. In 1922 he published The Stock Market Barometer, first comprehensive book on the Dow Theory. William Hamilton died in 1929-a few weeks after he announced that the greatest bull market in history had ended: "On the late Charles H. Dow's well-known method of reading the stock market movement from the Dow-Jones...
...tutor this enthusiasm can be well developed and directed. The tutors in general are highly praised. In the English field Perkins is fine for the 18th century; Potter excellent in England, France, and Germany; Houghton good on poetry and the 17th century; Miller in America; Finley and Dow in the Classics. Durand knows his Aquinas and Bacon, but perhaps because he is over-worked, he seems indifferent to tutees. New tutors in the department will be D. J. Boorstin, England and America, whose special subject is the history of law; P. Dur., France; and H. Rice, French literature...
Naval Lieutenant Commander Jennings Bryan Dow scored heavily for the Celler Bill's proposed Washington location when he testified that transmission of Washing ton programs to San Diego for Pan-American broadcasting would add $600,000 annual line charges to operating costs...
Meanwhile, followers of the Dow Theory watched their charts to see whether the Dow-Jones industrial average would go above its April 16 high of 121 thus-in theorists' jargon-confirming the action of the railroad average (which passed its April high) and indicating an intermediate upswing. Brokerage boardrooms fluttered with rumors that Robert Rhea of Colorado Springs, best-known interpreter of The Theory, had said upward breaking of 121 would definitely mark the end of the bear market. This was denied by High Priest Rhea. At any rate, industrials closed the week still below 121. And there...