Word: indexable
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There is ample time this year for a return to weekly rates. Besides the saving for students in the former system, it has definite advantages for the dining hall staff. Sign off lists formerly served as an index in the kitchen to what amounts were needed. If no one can sign off board at term's end, the chefs must prepare meals for full enrollment. That means higher food costs and even more waste...
...Federal Reserve Board expected its index of industrial production for Au gust to snap back to 238% of the 1935-39 average, after plantwide vacations had pulled it down to 2-33% in July from the June level...
...average prices in years 1947-49). Reason: increased rents, some higher food prices (pork, poultry, eggs, fresh milk), higher costs of medical care and transportation. Result: 1?-an-hour wage raise for a million aircraft and automobile workers, whose pay is tied to the cost-of-living index...
...even more worrisome was the fact that railroad stocks, which had been leading the market until recently, actually broke through their year's low. To the dwindling band of Wall Street theorists who still follow the so-called Dow Theory, that was an alarm signal. If the industrial index should also break through its 1953 low, that would be a "confirmation"-the official signal that a bear market had begun. This week the signal came-on opening day, the industrials plunged another 4.52 points and broke through the old lows to close...
...veteran trader thought the Dow-Jones index was a slowpoke compared to what many individual groups of stocks had already done. Said E. F. Hutton's Gerald M. Loeb: "The bull market really ended quite a while ago as far as the majority of stocks is concerned." He pointed out that gold stocks as a group have never topped their peak of November 1949. The soft drink and brewing group reached its high in January 1950; a year later, copper stocks, retail stores and steels reached theirs. Two years ago the ethical drug stocks reached their top, followed within...