Word: roadblock
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...Roadblock. The public also appears convinced that prosperity will rise in 1973. Though unemployment is still far too high-it held at 5.5% in October -there is evidence of progress against inflation. Wholesale prices, which rose at a worrisome pace through the summer, slowed to the smallest possible seasonally adjusted increase in October: one-tenth of 1%. A Commerce Department survey showed that consumers plan sharply increased purchases of cars, houses, furniture and major appliances in the year ahead. Sales of many retail chain stores rose to record levels last month. Corporate profits for the third quarter are up about...
...tentative settlement between Washington and Hanoi comes unstuck -and it could-the market would get a nasty shock. It also remains to be seen whether investors can surmount the roadblock psychology that in the past has often caused them to start selling shares whenever the Dow Jones average gets close to 1000, a mark above which it has never closed. That attitude smacks more of mysticism than analysis; stock prices would be very little higher in relation to business profits and the strength of the economy at 1000 on the Dow than they are at 984. For what...
...Corps Volunteer Louis Morton, 23, a schoolteacher from Houston, who had been driving with another Peace Corpsman, Robert Freed, along the road between Mbarara and Masaka on a game-spotting tour of nearby Queen Elizabeth National Park. They were unaware of the fighting until they ran into an army roadblock. According to Freed, the troops waved them through and then fired at them. Morton was killed instantly. Freed was taken prisoner but eventually set free...
...their securities is reaching a peak. Now, 974 has evidently become the point at which the warning signal starts flashing in their minds. Says William Freund, chief economist for the New York Stock Exchange: "There is a sort of folklore about the Dow, and 1,000 is a roadblock in the minds of many people...
Promptly thrown out of the restaurant, the 35-described by onlookers as "freaks"-drove several miles down the turnpike and pulled a roadblock near the Camden exit with a U-Haul trailer and their cars. At last count, police reported that nearly 1000 "freaks" had appeared holding up cars for 25 miles...