Word: rising
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Dates: during 1940-1949
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...reason for optimism. Since March, the New York Stock Exchange has quivered on every D-day rumor. But last week, taking its courage firmly in hand, the Exchange: 1) had its busiest day of the year, turning over 1,193,080 shares; 2) saw the Dow-Jones industrial average rise to 142.24, a new peak...
...Prime Minister Churchill's promise fortnight ago that a plan for postwar steel houses would mean heavy orders for the steel industry. And then it soared after the reluctant admission of Sir John Anderson, Chancellor of the Exchequer, that the cost of living must be allowed to rise five points. Thus, by plunking cash into the market, Britons could hedge against wartime inflation and bet on postwar prosperity. Added inducements: no double tax on dividends, as in the U.S., no capital-gains tax. Underlying all this is the fact that Britons (both corporations and individuals) who have cash...
...Rise Ahead? Both markets withstood the first shock of Dday, just as both had tumbled at the Fall of France in 1940. But otherwise, each had its own unfathomable methods of deciding whether news was good or bad. Typically, while the Japs were lopping off the Malay States and Singapore in early 1942, the New York market tumbled. The London market declined, but rallied quickly. And percentag-wise, it has climbed far higher than has New York...
...this mean that the New York market had a long rise ahead? No Wall Streeter would climb out on this limb. In fact, many were betting the other way. But for the nonce the cheer overbalanced the gloom...
...this, and shrewd management, boomed parent Northern Pump's profits from their 1937-39 average of $22,000 to $21,179,000 in 1942-before renegotiation and taxes, of course. Hawley's salary kept pace with the rise, climbing from...