Word: dows
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Dates: during 1940-1949
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Wall Street's young bull market kept right on growing. On three successive days last week, trading topped 2,000,000 shares, making it the most active week since the big rise of May 1948. The Dow-Jones industrial average rose 3.37 points to 198.05, the highest since August 1946. Most spectacular rise: Superior Oil Co. (California) which in three days jumped 69½ points to 227 on the news of a plan to split it into two gas & oil companies. Wall Streeters now expect the next test of the market at 200. If the bull gets over that...
Since 1910 the association has had more than 30 presidents. Sage was one of the first heads of the group, and in recent years his son, R. Rodney Sage, has held the same, post. Other presidents have included Knapp, George E. Cole, of the Coop, and Richard A. Dow, local real estate...
...financial publishing family of Dow, Jones & Co., the big breadwinner is the ably edited, highly readable Wall Street Journal (circ. 140,724). Not so prosperous or well known is its little brother, Barren's weekly (circ. 36,672). Specializing primarily in financial services and statistics, Barren's of late years has edged cautiously into the field of economic and political analysis and commentary. Recently Dow, Jones President Bernard Kilgore and Wall Street Journal Editor W. H. Grimes decided to give Barren's readers a view of a still wider horizon. Their model: the London Economist, England...
...ceiling, the stock market last week continued to delight and mystify onlookers. In nose-thumbing defiance of all the gloom over strikes (see NATIONAL AFFAIRS), the market blithely kept on rising, for the fourth week in a row. With a 4.1 point gain during the week, the Dow-Jones industrial average broke through the high mark (190.19) of a year ago, when Wall Street confidently expected a Republican victory, and reached...
...Peak. The great roaring bull market had reached its peak on Sept. 3, when U.S. Steel hit 261¾, General Electric reached 396¼, Radio Corporation of America passed 500 (on a pre-split basis), and the Dow-Jones industrial average reached its alltime high mark of 381.17. In the same week that Adams Express, an investment trust, split its stock 10-for-1, the stock jumped 100 points. As October came there was a series of severe shakeouts. But few took them as a warning. Smart operators thought a setback was only a golden chance...