Word: dows
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Dates: during 1940-1949
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Prime mover is Major Andre Baruch, ex-CBS announcer.* When the Americans hit the North African beaches in November 1942, Lieut. Baruch was aboard ship off Casablanca, telling the French to take it easy. When the shooting was over, he and Clayton Dow, another ex-CBSer, and Houston A. Brown, ex-engineering professor (both are now majors), sat around with not much to do, decided to build a radio station...
...total of many bets on the future, almost always anticipates (and frequently overanticipates) good or bad news. Last week, when Italy finally threw in the towel, the market took the good news in traditional style: it went down. But the drop, two-thirds of a point on the Dow-Jones industrial average, was picayune compared to the threeday, 6½-point nose dive that followed the fall of Mussolini last July, and was more than made up in the next day's trading...
Four Years, Seven Points. Yet when the Dow-Jones industrial average last week closed at 138, it was less than 7 points above its August 1939 low. In short, four years of war had little permanent effect on the averages, although production is now running at almost double the 1939 rate...
...Wall Street inflation continued on its course last week-the public paid more & more money for what it got. And lots of people, in buying stocks, were betting that inflation cannot be checked, that prices will keep on going up. On the New York Stock Exchange, the Dow-Jones industrial average crept upward to 143.68, highest since May 1940; the utilities hit a new high of 21.35; railroads were close to their May peak. Last month was the busiest June in five years. Ahead were July and August, which have shown rising markets two years out of three...
...word was coined in 1934 by Dow Chemical Co.'s Dr. William Jay Hale in his book, The Farm Chemurgic. The "urgy" comes from the Greek word ergon - work. Chemurgy was intended to mean "chemistry at work," hence to cover the whole chemical industry. The industry has ignored the word, but its wholehearted adoption by the National Farm Chemurgic Council has given it an agricultural context: the production-and-use of farm products for chemical industry...