Word: lows
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Dates: during 1940-1949
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...stockmarket, in the face of fat earnings and general prosperity, last week drifted down to a new low for the year, traders began to wonder just what Wall Street would consider encouraging news to investors. In midweek they found out. President Truman's speech to Congress, which seemed to promise a baby armament boom, started stocks moving up. At the same time, the prospects for earlier passage of ERP promised a boost to sagging exports; and the hope that the income-tax cut could probably be passed even over a presidential veto promised to help business all along...
...last week's little parade. Their earnings were the poorest of all U.S. business but their prospects were good; some of the military manufacturers (e.g., Convair, Boeing and North American) already had backlogs in nine digits. In a week when General Motors (with a record profit) hit a low for the year, Douglas Aircraft hit a high of 63⅜, though it reported a loss...
...Douglas in 1947. But their shares went up anyway. Curtiss-Wright and American Airlines hit new highs for the year. One profit-making exception was Grumman Aircraft Engineering Corp. which earned $2.2 million last year. Its shares went up to 41½, eleven points above the year's low...
...President Truman found someone willing to be CAB chairman. The job had gone begging since James M. Landis left almost three months ago. It had been turned down formally by two candidates and informally by half a dozen others, chiefly because the pay ($10,000 a year) was too low...
...Buffalo, it was the earliest port opening on record, 52 days ahead of last year. Shippers hoped that this meant an early opening for the rest of the Great Lakes, usually icebound till mid-April. It would come none too soon for steelmen. Their stockpiles of ore were so low that some mills were planning the expensive makeshift of shipping by rail from Minnesota's Mesabi range. The coal strike (see NATIONAL AFFAIRS) would cut their needs if it lasted long enough. But steelmen kept their fingers crossed on that, as the Mackinaw steamed north to smash through...