Word: railings
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Dates: during 1960-1969
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...major criticisms by many a Wall Streeter of the technical approach to the market is that the technicians often cannot agree on what the charts signal. Last month, when the Dow-Jones industrial and rail averages dropped through their previous lows, such classic Dow theorists as Richard Russell held that a bear market was on (TIME, March 14). But another group of Dow theorists, led by E. George Schaefer of Indianapolis, argued that it was a false bear signal: the market was really getting ready to rise to new highs...
...Moving with planned precision, 200 Negro students from six Atlanta colleges staged Georgia's first mass sit-in by appearing simultaneously at ten segregated lunch counters in a variety store, rail and bus terminals, city hall, the state capitol, the county courthouse, and two federal office buildings. Arrested under Georgia's new anti-trespassing law were 77 Negroes...
...frame that is forever on the move: he bounces onstage to demonstrate high-jumping technique or prowls the auditorium calling out sudden changes in the script. He carves the air with the sweeping gestures of an orchestra conductor, comes to roost like a stork, one leg cocked, on the rail of the pit. "Give it music." he may order an actor, or "Give it a Marlon Brando mumble...
Shippers estimate that the penalty of loading grain in New York amounts to about $2,500 per cargo. Naturally, they have turned to other ports. Because of the high handling charges and unfavorable rail-rate differentials, New York's annual grain shipments slid from some 20 million bushels 30 years ago to 5,000,000 bushels last year-almost all of it U.S. Government business. But even the Government is getting fed up, plans to ship no more grain from New York...
...bull-was an oldtime market tool known as the Dow Theory, fathered by Charles H. Dow, a onetime broker and newspaperman, who founded Dow, Jones & Co. in 1882. The Dow Theory holds that when the Dow-Jones industrial average breaks through its previous low and is confirmed by the rail average penetrating its previous low, Wall Street is in the grip of a bear market. Both averages did just that last week (see chart), and the industrials closed the week at 609.79, off 22.21 for the week, although the loss was pared at week's end by a spirited...