Word: indexers
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Dates: during 1950-1959
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...cost of living went up again in August, reaching the highest peak yet. The Bureau of Labor Statistics reported last week that its index (1947-49 = 100) increased from 114.7 in mid-July to 115 in mid-August, with meat, rent and increased New York City subway fares accounting for much of the rise (fresh vegetables, home furnishings and women's clothing declined a bit). In news accounts of the B.L.S. report, such headline phrases as "new high" tended to obscure the fact that over the past year the retail price level has changed very little: in August...
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...
...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...