Word: highe
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Dates: during 1950-1959
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Wall Street's golden bull added still more muscle last week. Shrugging off a nip at margin accounts by the Federal Reserve (see below), the U.S. investor drove the market to still another historic high. Led by some of the nation's biggest corporations, stocks on the Dow-Jones industrial average rose to 637.04 at midweek. By the final gong at week's end, profit taking had clipped only 2.51 points from the mark to put the weekly gain at 13.17 points...
...Gains. The news pouring from Government and corporate statisticians told of gains all around. Industrial production for April rose two more points to another record high at 149 on the Federal Reserve index. Nondurables were up a point, and slow-moving durable goods were finally sprinting ahead with a four-point advance to 164 on the index and the highest level since early 1957. With the housing boom still clipping along in April at a record rate of 1,390,000 new homes a year, output of building materials was up sharply; so were appliances, TV sets, furniture...
...been in a broker's office. Basically, his approach is that of a chartist: he watches price and volume. But the only charts he keeps are in his head. He studies the weekly stock tables in Barren's, receives a nightly wire from his broker giving the high, low and closing of stocks he is following, as well as the Dow-Jones averages. When a stock makes a good advance on strong volume, he begins watching it, buys when he feels that informed buyers are getting in. For example, when he was playing in Calcutta, he noticed...
...puts the stop-loss order just below the level at which a sliding stock should meet support. He bought Universal Controls at 18, sold it at 83 on the way down after it had hit 102. "I never bought a stock at the low or sold one at the high in my life," says Darvas. "I am satisfied to be along for most of the ride...
Though attrition was high, the Treasury had expected it, had enough cash on hand so it will not have to go to market again immediately. The T-men felt that sweetening the issue with a higher interest rate would not have done much good. With the pickup in business, corporations can see other uses for the money, are reluctant to hold an issue for a year. They prefer shorter-term bills, even though the rates are lower (2½-2⅝%) until they can see where money rates are going...