Word: marginally
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Dates: during 1950-1959
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...moon is in the best position for tracking; if the rocket fizzles on the launching pad, another attempt must await the same short period next month. Even if the probe does get off on schedule, the perils of imprecision mount as the vehicle soars closer to the moon. The margin for error at the rendezvous point is about 30 minutes, and the slightest miscalculation in the rocket's fuel mixture could ruin the whole attempt...
...uneasiness than cheer. Last week, just after the market hit a 1958 high of 510.33 on the Dow-Jones industrial average, the Federal Reserve Board joined the ranks of the worriers. Noting that customer credit had increased by $746 million in the first half of the year, it raised margin requirements (i.e., the minimum cash payment required on stock purchases) from 50% to 70%. While the Fed thought its action would act as a damper on speculation, changes in margins have usually had almost no effect on the market (see chart). After a brief dip last week, the market closed...
...expected to protect the small, supposedly uninformed investor, its margin-raising action was not necessary. The small investor has been doing very well. For the past year the professional traders, large investors and stock specialists have been selling more than buying, in the belief that the market would go lower. But the small investor, as shown by the odd-lot (under 100 shares) records, has been buying more than selling, added a total of 13,679,000 shares to his holdings by midyear. In June many small investors began to cash in their profits. Since then, they have been selling...
...drop in U.S. bonds stemmed largely from speculation. Because there is no margin requirement on Government bonds, speculators have been able to buy them for as little as 2% in cash. Last winter and spring, as credit eased, speculators correctly guessed that Government bonds would rise. Buyers poured into the Government bond markets and made a killing, as competition among bond buyers pushed prices of new issues far above par. For example, the 3½% bond that came out in February was bid up to 107.10, a price that gave speculators a profit of 250% on their actual cash investment...
...purchases were limited to buying $1 billion of one-year certificates to aid the Treasury's July refinancing operation. As the effect of this wore off and hopes for more substantial assistance faded, the shock of disappointment sent bonds down some more. Last week, in raising margin requirements on stocks, the Fed signaled possible new moves to tighten credit-and bond prices fell again...