Word: dows
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Dates: during 1930-1939
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High Grade Rail bonds were sold mostly by private investors. In the two days before Britain and France declared war (before stocks really boomed), the Dow-Jones average for high-grades fell off 1.81 points. Afterwards they lost little or nothing. Much the same was the performance of high-grade industrial and utility bonds...
World War I came as a severe shock to U. S. business. World War II, following a full year of alarms and a fortnight of intense crisis, was no shock. There was no selling panic, no steep drop in prices. The Dow-Jones industrial average of 30 industrial stocks which had dropped almost 7 points to 135.11 in the week ending August 19 oscillated without great excitement. Its low was 133.31 on August 24. Then it began to climb as war became a virtual certainty...
...York Stock Exchange. War babies (steel, metals, aircrafts) led the advance. Bethlehem Steel, Santa Claus to many a World War I investor, zoomed 7: points (to 65), Anaconda Copper was up 4? (to 28?). Aircraft stocks all took off, registered gains of 7.5% to 18.1%. The Dow-Jones industrial average hit 135.25 (still 19.65 below the 1939 high of last January...
Saturday's preholiday two-hour trading session showed clearly that U. S. investors were eager to cut themselves into war profits. War stocks continued to zoom and the Dow-Jones industrial average hit 137.97, helped by war babies, unhurt by nonwar stocks, which generally stood still or picked up small gains. Between 10 o'clock and noon 1,791,250 shares changed hands...
...Dow Jones reported that Class I railroads had operated in the black during July for the first time this year (deficit for the first six months...