Word: dows
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Dates: during 1930-1939
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Month ago, in mid-July, the stock-market started to go through the roof. Topped off by four million-share days, the Dow-Jones average hopped ten points (to 144.71) from July n to July 21. It seemed almost within reach of its 1939 high (154-85) and its 1938 high (158.41). Last week stock which was sold at the July peak could be bought back for ten points less. Those who profited by this turn of events were chiefly professional traders. SEC has since reported that at the peak, in the last half of July, while the public...
...reflect business unwillingness to bid for materials for future use. This unwillingness was already apparent by July 22 when the Department of Labor's wholesale price index fell sharply on its way to a new post-Depression low (74.8% of 1926), again in early August when both the Dow-Jones Index of future commodity prices and Moody's index of spot commodity prices slumped sharply...
...want essential supplies). London markets ran true to form last week; most commodities rose because of speculative war stocking (including heavy copper and rubber buying by Germany). Instead of following the pattern, U. S. commodity prices marched downhill like stocks (the Bureau of Labor Index remained at its low; Dow-Jones and Moody commodity indices each fell over a point). Something besides war fear was obviously at work...
...income-minded buyers who counted on holding it on the possibility that Mr. Davis will offer them a trade-in for U. S. Rubber's common. The common last week sold at $43, up 466% from 1935's low, versus a 42% gain on the Dow-Jones Industrial average...
...four officers,† after General George H. Brett, chief of the Matériel Division, had introduced distinguished guests. Among the latter, the men who must build-their nation's wings up to world war strength in two years eyed particularly a chunky Congressman from Akron, Chairman Dow Harter of the aviation subgroup of the House Military Affairs Committee. For he was trying to help get the expansion program through on time, and to spread its work and profits...