Word: dows
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Dates: during 1940-1949
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...first time in its 52 years, enterprising Dow Chemical Co. had no Dow at its helm. Dr. Willard Henry Dow, killed in a plane crash March 31, had succeeded his father as head of the business founded on a process for extracting bromine from the briny seas under Midland, Mich. Willard Dow had developed enough new products and processes to make the company the fourth biggest U.S. chemical manufacturer (600 products, $171 million gross and $21 million profit in 1948). Last week the directors picked two men to fill Willard Dow's shoes...
...president went tall, affable Leland Ira Doan, 54, who married Dow's sister and went to work for the company 31 years ago. He had risen rapidly, thanks to his selling talents and techniques (e.g., he catalogued prospective customers down to their hobbies before tackling them). As Dow's No. 1 sales executive for the last 19 years, Doan held the No. 2 job in the company, finding markets for the new products (magnesium, plastics, pharmaceuticals, etc.) which Dow turned...
...Wall Street' brokers thought that the long-ailing stock market had got the tonic it needed. On th first day after the reduction in margin requirements from 75% to 50% (TIME, Apri 4), trading on the New York Stock Ex change hit 1,800,000 shares and the Dow Jones industrial averages jumped 2.4 points. It was the biggest volume since November, best gain since October...
Died. Willard Henry Dow, 52, president (since 1930) of gigantic Dow Chemical Co. (600 products); in a private airplane crash; near London, Ont. From a modest beginning by Dow's father in 1897, Dow Chemical became the largest producer of magnesium (mined from sea water) in World War II, did a $170 million business last year in industrial and agricultural chemicals, plastics, pharmaceuticals and magnesium...
...thought that a strong bull market was just around the corner, but some expected an "intermediate" rise. Said Chicago's Dow Theorist Justin F. Barbour: "The market pattern . . . suggests that 1949 will prove to be a 'Down' year." Then he hedged his remarks. If the market does not break decisively through its low point of last November, he said, it will be a Dow signal that there may be "an important rise." In any case, "a normal bull market is unlikely . . . until all the basic industries are confronted with . . . competitive conditions...