Word: ponts
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Dates: during 1970-1979
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...Middle Atlantic: The armies of office and service workers are in no danger of idleness, but manufacturing payrolls are starting to shrink. A general nervousness is in the air. In Delaware, a prosperous white-collar state, a decline in Du Pont profits that began last year is expected to force reductions in state spending-most likely for educational television and enforcement of antidiscrimination laws. The Pennsylvania government had to extend an extra $15 million in aid to Philadelphia to avert a shutdown of the city's schools...
...that McDonnell had invested some of its capital in the sagging stock market. Investing capital reserves in stocks is a common though risky practice on Wall Street. Many of the larger firms, including Merrill Lynch, refuse to chance it. But McDonnell did, and so does Francis I. du Pont, among others...
...seen it since 1953. At Carnegie-Mellon University in Pittsburgh, recruiting is off 10%. At Stevens Institute of Technology in Hoboken, N.J., interviews by Standard Oil of California, Boeing, Uniroyal, Gulf Oil, Carborundum and Volkswagen of America were canceled. For the first time in 30 years, Du Pont is not interviewing Princeton seniors...
...from doing business with brokers and to patronize mutual funds. On the other side, many brokers argue that they lose money on small investors and have no incentive to serve them well. The minimum commission set by the exchange at present is $6 on a trade. Francis I. du Pont has boosted that to $15 and Eastman Dillon...
...that time the listed shares held by 26 million Americans have been cut by $158 billion. Last week the Dow-Jones industrial average dropped 31 points, to 744, bringing the market to its lowest point since November 1963, just after President Kennedy was assassinated. The decline was democratic. Du Pont scraped a 15-year low. U.S. Steel traded at its 1954 level. Control Data and University Computing, among other recent glamour stocks, lost ten points or more each in a single trading session. The Dow-Jones has gone down 25% since December 1968 and 7% since 1970 began...