Word: lowerings
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Dates: during 1940-1949
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Bravo to Artist Artzybasheff for his excellent background for the O'Dwyer cover! And a big Bronx Cheer to whoever penned the cover story. He should go back to Lower Slobovia...
...knocked flat twice. The boys who dropped in for a look hustled back to town to find a bookie and make a bet. Walcott's odds, once a tempting 4 to 1, fell sharply. By week's end, they were 11 to 5, and would probably be lower by next week when Jersey Joe takes his second shot at Joe Louis' crown...
...textile industry," said Freedman, "has continued to up prices and has kept quality down . . . When consumers refuse to buy, because of price, the tendency appears to be to take something out of quality to produce a lower-priced item . . . This is not going to help the textile business . . . business in general, or, for that matter, free enterprise...
...barometer, the stock market has proved none too accurate, notably in the last two years. Back in 1937, the market fall was far worse than the drop in production; since 1942, the market has been much lower-in comparison with the gross national product-than it was even in the dark days of 1932 (see chart). The Dow-Jones industrials, now earning even more ($20 a share) than they did in 1929, are selling for only half as much...
...many of the biggest killings are made. Usually only professionals sell short, chiefly because the ordinary investor is vaguely suspicious of the process. Shorts (bears) sell stock which they do not own, hoping that the market will go down and that they can buy the stock later at a lower price. Meanwhile they borrow stock from brokers, sometimes paying a small fee, to turn over to the buyer. Eventually, of course, the short trader has to replace the borrowed stock by actually buying equivalent shares...