Word: investor
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Dates: during 1960-1969
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...little investor was doing much of the selling, and the tape ran late nine times during the week, once for 16 minutes. But there was no panic, and trading volume stayed extraordinarily low for most of the week. Professionals figured that, in any case, the market needed an excuse to retreat after a heady climb, guessed that there was a good deal of plain old profit taking. At the most bearish hour last week, Indicator Digest, an investment advisory service, issued a special bulletin: "Emotional war jitters have always culminated in good buying opportunities." True enough, but wary professionals were...
...vital force in opening up the Canadian West, the investor-owned C.P.R. was long the slumbering giant of Canadian business. It took pride in being the "world's most complete transportation system," with $2.9 billion in assets, including its own 17,000-mile railroad network, a steamship company, an airline and even a chain of hotels to serve them. But until recently, it got a very small profit return on these vast assets; it allowed its operations to become antiquated, competing air and highway traffic to steal away earnings and its ships, hotels and airline to slip into...
...beautifully landscaped 55-acre campus, on the slopes of Mt. Ida, near Troy, centers on a quadrangle of neo-Gothic dorms and classrooms mostly donated by Alumna Mrs. Russell Sage (wife of a millionaire investor), a library with 19,000 volumes, hockey fields, riding stables, a gymnasium with swimming pool and bowling alleys. Tuition and board costs $3,000, and optional charges (piano lessons, for example) can raise the bill by another $ 1,000. Yet Emma Willard is not a rich school; the endowment per pupil is $2,500, compared to $11,400 for Miss Porter's in Connecticut...
More Production. Helped in large part by the healthy mix of spending and saving, the economy continues to do well. That important barometer of investor confidence, the Dow-Jones average of 30 industrial stocks, rose for four straight sessions last week, closed just five points off its alltime high of 830.17. Last week also the Commerce Department reported that the average American factory worker earned a record $102.97 a week before taxes during May, and that industrial production-the supreme measure of business expansion-climbed by more than one-half of 1%, to 130.3% of the 1957-59 average...
...profit for at least three. But buyers were motivated by a sense of patriotism, a desire to become charter members in an exciting enterprise, and the solid conviction that any company backed by the Government and by American Telephone & Telegraph Co. was ultimately bound to succeed. Said one Manhattan investor: "I'm buying this stock for my grandchildren...