Word: dows
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...interest had increased 176% to 65,000 shares. Shorts had gauged all too well that business was receding. Overenthusiastic pessimists who had had trouble finding buyers, suddenly found too many buyers. When professional buying began, the shorts ran to cover, joined the buying parade. Result: in two days the Dow Jones Industrial average rose 3.76 points, and stockbrokers enjoyed two successive million-share days-enough to add up to a boom by 1939 standards...
...were made, industrial production stood at 104. In January it slid to 101, in February and March to 98. In April, while it continued on its way down, Colonel Ayres's latest analysis stubbornly laid down conditions for recovery "to continue." A month before Joe Kennedy spoke, the Dow Jones stock averages had reached a 1938 high of 158.41, but last week they were about halfway back to their 1938 low of 98.95. Ambassador Kennedy was saying nothing (for publication) about stock prices...
...this time it was clear that something not diminutive was scaring speculators. Day after the Angas rumor, panicky selling avalanched from all over the U. S. U. S. Steel broke through $50. Volume hit 2,890,000 shares and both Dow-Jones industrial and rail averages broke through their previous lows, reaching 131.84 and 26.38 respectively...
This put another famed market counselor, Robert Rhea, on a far hotter spot than Major Angas. Robert Rhea is the oracle of the Dow Theory, which has more adherents than any other market-forecasting system. In his March 25 letter to clients, Robert Rhea declared that joint penetration of their previous lows by the industrial and railroad averages would mean that the primary market trend had changed from bull to bear, even though the bull market which began last spring has not enjoyed either normal length or the usual hectic "third phase." Robert Rhea unhappily admitted his dilemma and critics...
...week by the Senate Military Affairs Committee was a bill authorizing the U. S. War Department to forbid Army officers to marry during their first three years of active service. Reason: second lieutenants draw only $125 a month, should keep their minds on the Army. Said Brigadier General Lorenzo Dow Gasser, testifying for the bill: ". . . We propose to exempt the present West Point class that graduates this June. I understand commitments have been made...