Word: schmutz
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Dates: during 1950-1959
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...often does not show the action of the market as a whole (TIME, Jan. 14). This week Standard & Poor's announced a weighted index of 500 stocks representing 90% of the total value of all stocks listed on the exchange. Said Standard & Poor's President Charles A. Schmutz: "It will be the most complete and technically accurate measure of the market ever devised." The new index will be carried hourly on the tickers of the American Stock Exchange, Commodity News Services and Cotton Ticker, be available to all clients of Standard & Poor's statistical service...