Word: dows
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Dates: during 1930-1939
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...level was established by the Reserve Board in February 1936 when the Dow-Jones industrial averages stood at a healthy 147 and Chairman Marriner Stoddard Eccles detected a tendency for brokers' loans to mushroom. Since then the Dow-Jones industrial averages have risen slowly to 194.40, and fallen sharply back to an unhealthy 125.73. By last week, the contraction of prices had reduced the equity of so many traders below 55% that, according to Frazier Jelke & Co., at least half the margin accounts were "restricted" (i.e., not eligible for new transactions which would increase the margin deficiency...
...announcement stocks vaulted up. General Motors opened with the sale of 5,000 shares up $2.75 to $43.63; Chrysler with 10,000 up $5.25 to $74.75; U. S. Steel with 15,000 up $4.25 to $62.63. Prices presently lagged but closed in a final sprint which left the Dow-Jones industrial averages up nearly three points for the day. By week's end the averages had climbed to 138, up some 13 points from the week's low, the most optimistic display the market had made since August...
From the year's low of 30.09 the Dow-Jones railroad averages climbed briskly to 35.03 (year's high: 64.46). New York Central, which had been down to a low of $15.13, came back to $21.75. Pennsylvania was up from $20 to $27.50; Southern Pacific up from $17 to $23.75. Leading industrial and utility stocks showed almost parallel rises. From last week's low of 125.73, the Dow-Jones industrial averages stepped up almost ten points. U. S. Steel alone remained sulky, hovering around the $61 level...
...went hoarse as prices dropped as much as ten points. U. S. Steel thudded to a new low of $52.50, New York Central to a low that day of $18.38. Bonds were under heavy fire from selling and grew cheaper & cheaper. At the close of the day and week, Dow-Jones railroad averages stood at 32.32, industrials 127.15-about the level of October 1935 and taken together a decline of 37% since August...
Earnings statements last week were still too scattered to be conclusive and the market slide was not to be stopped so easily. It broke to the lowest lows since 1935, then continued dizzily downward driving Dow-Jones industrial averages some ten points lower to 125. U. .S. Steel led the way, going to a new bottom of $61.50-less than half of the year's high ($126.50). New York Central fell to $17.50, lower even than in 1932 when Delaware & Hudson's shrewd President, Leonor F. Loree, thought it a great bargain and bought his road...