Word: marketing
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Dates: during 1950-1959
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Such news sent steel stocks soaring on the New York Exchange, helped lead the whole market by week's end to a new alltime high of 543.36 on the Dow-Jones industrial average. U.S. Steel rose 4⅛ during the week to 84½. Bethlehem 2¼ to 51, Youngstown 6f to 117. Also helping push the market up was a big play in the nonferrous metals market. Copper shares rose up to 9^ points for the week, partly on the strength of copper strikes in Canada, Northern Rhodesia and New Mexico. Zinc and aluminum stocks also rose...
...were shaving about $200 to $300 off suggested list prices of most cars, with or without trade-ins. When pressed, dealers commonly offered discounts of $500 to $700 on cars listing at $3,500 or more with extras. Only the Cadillac dealers refused to bargain, figured that their luxury market will run high and fast without discounts...
...part in the debacle. Last week one of the biggest Wall Street dealers in Government bonds hit back with some plain talk about speculation and Government bond policies. The U.S. Treasury, said Aubrey G. Lanston, president of Aubrey G. Lanston Inc., not only encouraged speculators to come into the market by tailoring its offerings to attract them, but would have been unable to sell $26.5 billion of recent middle and long-term securities without "a good dose of speculation...
...Treasury refunding launched last January, said Lanston,"was that it should be set up to appeal to the rife speculation existing throughout the country that interest rates were bound to move lower." To attract speculators and investors, the Treasury issued a 3½% longterm bond at par when the market yield on Government bonds was only 3^%. "This was equivalent to undercutting the market price by five whole points. Surely, the speculators weren't supposed to stand idly...
...picked up the phone slowly, with a strange, terribly matter-of-fact air. "Hello," he said in a dull, unfamiliar voice. "This is Marrowitz's Market. Marrowitz speaking...