Word: dows
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Dates: during 1950-1959
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...Lanky Dow Finsterwald of Tequesta, Fla., golf's perennial bridesmaid (17 runner-up finishes in 31 months), posted a brilliant four-under-par 31 on the outgoing nine the final day, caught famed, faltering Sam Snead and coasted home a two-stroke winner with a 72-hole total of 276, four under par, to take the $5,500 first prize in the 40th Professional Golfers' Association championship at Havertown...
...stock market's response to the Middle East crisis demonstrated what a powerful teacher history can be. At the first emotional scare headlines, the big international oils dropped and, as expected, carried the market down with them. Dow-Jones industrials tumbled 5.96 points in a single session, the biggest sell-off of the year. Then investors paused-and realized that panic is always unprofitable. As in the Suez crisis and other flareups, they turned their attentions to shares that might benefit from a harder U.S. stand. In buying surges that frequently left the ticker behind, investors sent industrials...
With encouragement from the pickup in business, the stock market rose to a new 1958 high last week. Stocks hit 478.97 in the Dow-Jones industrial average, then recovered from a sharp sell-off to close the week at 473.60. Encouraged by the Senate vote to repeal the 10% passenger and 3% freight taxes, rails closed at 119.17, a whisker under the year's high. But while the confidence of many investors returned, the skepticism of others increased. The short position, which has been rising for five months, was reported last week at 5,795,105 shares, highest since...
...where the economy is going rather than where it has been. It includes areas that have historically risen and fallen from four to nine months before the overall economy has changed course. Among the figures used in the Leading group: average man-hours worked in basic manufacturing industries, Dow-Jones industrial averages, new orders for durable goods, spot commodity prices, F. W. Dodge reports on industrial and residential construction contracts...
...give greater power to the Interstate Commerce Commission to reduce service on money-losing routes. 3) tighten up on truckers now exempt from ICC rate regulations. Since chances seemed good that a relief bill would become law within a month, almost all major rail stocks advanced last week. The Dow-Jones rail index closed at the year's high of 119.21, up 19.32 points from the low in January...