Word: ponte
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Dates: during 1940-1949
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What's a Signal? The Dow theorists could not agree. Chicago's Justin Barbour, who interprets the Dow theory for the Chicago Journal of Commerce, said the break-through did confirm a bear market. But in Manhattan, Thomas W. Phelps, of Francis I. Du Pont & Co., another leading Dow exponent, thought otherwise. The industrials and rails, said Phelps, would have to break their lows of last February (when the industrials were at 164.07 and the rails at 47.48) before a positive bear "signal" would be given. The New York Herald Tribune's financial editor, C. Norman Stabler...
...success of Three Little Pigs, had plastered the Disney label on $10 million worth of manufactured goods. After Snow White and the Seven Dwarfs (1938) the business became a landslide. The roster of licensees grew to resemble a bluebook of U.S. big business (it includes Standard Oil, Du Pont, General Mills, Armour meats, Life Savers). In Manhattan, Gimbels sold 2,000 pairs of Mickey Mouse sandals in one day; in Chicago, Marshall Field recently had a $10,000 day on $3 sweaters offering a choice of Mickey Mouse, Donald Duck or Pluto...
...Chicago, the trustbusters launched a federal grand jury investigation to determine if Du Pont had violated antitrust laws in its stock ownership or dealings with General Motors Corp., U.S. Rubber
...Remington Arms Co., Inc., Ethyl Corp., Kinetic Chemicals Inc., North American Aviation Inc. and Bendix Aviation Corp. More than a year ago the antitrusters had also prepared, but never filed, a suit against Du Pont to ask that it get rid of its 23% control of General Motors. The new investigation, which also seemed likely to last well past November, included two companies (North American and Bendix) in which G.M. had publicly sold its holdings earlier this year...
...bother antitrust's busy boss, Assistant Attorney General Herbert A. Bergson. His department had $3,400,000 given by the last Congress, more money than it had ever had. With it, Bergson predicted last week that he would outbust Trustbuster Teddy Roosevelt, who had gone after Du Pont in 1907. Said Bergson: "We have a lot more cases in the mill than they had then...