Word: fulbrighter
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...market had such a wide-swinging week. In one day the Dow-Jones industrial index shot up 7.99 points, the biggest gain since Sept. 5, 1939, after World War II began. Next day prices dropped 7.18 points, the biggest break since March 14, when investors were scared by the Fulbright committee...
...were the latest evidence that the greatest bull market in U.S. history has primarily been a market for blue chips. Since last January, the Dow-Jones industrial index has climbed almost steadily, from 391.89 to 461.18 at week's end. And the sharpest rise has come since the Fulbright hearings ended. High-priced stocks have gained 8% in value, according to Standard & Poor's index, while its index of low-priced stocks has shown a loss of .3%. One big reason is that investment trusts and big institutional buyers have been purchasing blocks of what they consider...
...fact that minor dips scare the odd-lotter easily, even when the market is basically sound, makes him a poor short-term trader. For example, during the Fulbright investigation last March when the market broke sharply (TIME, March 21), the number of odd-lot sales rose sharply. But, in general, the small investor is not an in-and-out-of-the-market speculator. Chief reason: it is slightly more expensive to buy or sell odd lots at a given price since an extra broker's commission of one-eighth of a point is charged...
...felt even stronger about this point was Indiana's Senator Capehart, who fought bitterly with Fulbright during the hearings. Filing a minority report along with three other Republican Senators (Ohio's Bricker, Utah's Bennett and Maryland's Beall), Capehart accused the Democrats of bringing forth a gloom-and-doom report, aimed at damaging the Republican Administration. The real reasons for the rise in stock prices, wrote Capehart, were not "iniquitous speculation," but the higher rates of production, and the stability that the Eisenhower Administration has brought about...
Christian G. Wolff '55 has received a Fulbright grant to study Classics and Comparative Literature at the University of Florence, the University has announced...