Word: dows
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Dates: during 1940-1949
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...Exchange's new campaign to keep lambs from being shorn got unexpectedly efficient cooperation from the market itself. The day the ads appeared, stock prices fell 5½ points, the sharpest break since the British debacle at Dunkirk in 1940. By midweek the Dow-Jones industrial average had slipped to 192.38, wiping out the gains of two months. Cause of the break: stock buyers who had been betting that settlement of the steel strike would bring inflationary price raises had changed their minds...
Stock buyers were betting that the steel strike, and others, may be settled with inflationary price and pay raises all around. At week's end, the Dow-Jones industrial average stood at 206.97, highest since...
...days of grace before the new rules became effective, the market had its busiest days in over five years. Trading was at the rate of 700,000 shares an hour, almost as much as had been traded in an entire day a year ago. Dow-Jones industrial averages rose to 205, fell off only when the steel strike became certain...
...London party last year, Harvey Dow Gibson, president of Manhattan's Manufacturers Trust Co., fell to chatting with a U.S. Army officer about skiing. -"Ever been to North Conway, New Hampshire?" the officer asked. Gibson said he had. The officer had lyric memories: "Wonderful skiing there on Cranmore Mountain. Grand hotel they have, too-the Eastern Slope Inn. And have you ever heard the Swiss orchestra at the inn? Wonderful orchestra...
...York expect a very sharp decline in the stockmarket before the holidays, suckers." Next day impressionable "suckers" rushed to dump their holdings. Result: the worst market break in two years. In the unreasoning selling, nearly every stock on the Big Board slumped. By day's end the Dow-Jones industrial averages had dropped 3.4 points...