Word: indexer
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...economy is now entering its fifth consecutive year of spectacular advance. Last week, for the first time in history, the Dow-Jones industrial average of 30 leading stocks on the New York Stock Exchange went over 900. The mark, which is an arbitrary index that has been in use for nearly 70 years, came less than a year after the average topped 800 for the first time, and represented a fantastic climb of 365 points in the past 2½ years...
...stock prices, the figure to watch is the supremely important price-earnings ratio-the price of stocks cornpared with their per-share earnings. Stocks in the Dow-Jones index were selling at a precariously high 24-times-earnings just before the 1962 blackout, but the ratio has settled down to a steady and conservative 19.4-to-l in the past year. Average earnings of the Dow-Jones industrials this year are expected to edge above $50 per share. The bulls multiply that by 19.4 and come up with the conclusion that the Dow-Jones by year's end will...
While the New York Stock Exchange continues to show gains, a much broader but less-known market is rising even faster. Last week the National Quotation Board's index of over-the-counter stocks closed at a record 192.37, up 8% for the year so far, v. a 3½% rise for the Dow-Jones. Last year the OTC index jumped 23%; the Dow-Jones advanced...
Most of the 7,000 issues traded daily over-the-counter represent companies that are not sufficiently large, seasoned or profitable to be listed on the major exchanges. But the OTC index of 35 stocks includes such mighty companies as Anheuser-Busch, Ethyl Corp., Rockwell Manufacturing, Grolier, Eli Lilly and Dun & Bradstreet. They are a remarkably reliable mirror of the entire OTC market: the most recent study showed that the average price of 538 nationally listed OTC stocks gained at a pace that was virtually identical to the OTC index's gain...
...inhabitants, is five times as populous. Moreover it is caught up in a vast migration from rural areas to cities, especially to the 350-mile-long megalopolis stretching from Tokyo to Osaka. The result is a spiraling real estate inflation that has lifted Japan's urban-land price index 670% since 1955, has made land in Japan the most expensive in the world. Frontage on the gilded Ginza shopping thoroughfare in central Tokyo sells for as much as $18 million per acre v. top prices of about $9,000,000 in choicest Manhattan, $6,500,000 in San Francisco...