Word: ended
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Dates: during 1950-1959
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...same reasons for the market's weakness: tight money, the steel strike and Premier Khrushchev's visit. Many of them also agreed on what the market will do next. Said Carl M. Loeb, Rhoades Partner Samuel L. Stedman: "I expect a good strong rally before the end of the year, because there is money piling up in mutual funds, pension funds, and with other institutional investors; but it will be a market of selective stocks." Said Sidney B. Lurie of Josephthal & Co.: "The lows for most stocks are near at hand, and the stage...
...usually are. Brokers do not think that much of the bad news on the domestic side is cause for great concern. For two weeks, the market's anticipation of a rise in the Federal Reserve's discount rate added to the decline. But at week's end, after the rise came, the market rebounded. As soon as the steel strike is settled, brokers expect the market to seek new highs in a sustained rally...
...early stages, the Fed delayed raising the discount rate for fear of adding to the effects of the strike on the economy. But as it became clear that the strike was not slowing the boom, the Fed began to worry over what will happen when the steel strike ends and steel users return in full force to the loan market. Many bankers think that an end to the strike, if not too long postponed, will create such a demand for money that rates may even take another jump before year's end...
...End of the Line. A decade ago, Britain had 45 first-class plane-and enginemakers. Now there are 30. Companies are dropping out because the industry's capacity is far higher than the demand for planes. There are so few orders that major planemakers are building for stock-putting together planes and praying that they will be sold one day. A buyer can get delivery of a turboprop Viscount or Britannia in two to three months, v. twelve months for a U.S. Lockheed Electra...
Vickers, whose turboprop Viscount was the great postwar success story of British civil aviation, has sold more than 400 of them. But it expects to end the Viscount run in 1960. The Viscount's successor, the Vanguard, which was first shown off last week, has a bare 40 orders from British European Airways and Trans-Canada Air Lines, far fewer than needed to break even. Bristol, whose turboprop Britannia was slowed by bugs, has sold only...