Word: stocked
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Dates: during 1940-1949
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What looked like the biggest eyepopper was Western Maryland Railway Co., which earned $7.34 a share last year, and sold last week at $10. The catch, as in many low-priced stocks, was that its arrears ($136) on preferred stock had to be paid before common stockholders got anything. Another eye-opener was American Woolen Co., which earned an estimated $15 last year and actually paid out $10 in dividends, but last week sold...
...market, driving down prices. By the 3 p.m. closing, the Dow-Jones industrial average was down 1.29 points. Next day the market went down again. Through the week, it continued to drop. At week's end, the average was down 5.57 points, and some $2.5 billion in stock values had been wiped out. All the market's gains for the past seven months had been canceled...
Remnants. Analyst Phelps had made the understatement of the week. The gap between stock prices and stock earnings had narrowed to the point where the stockmarket seemed like a bargain basement. But even the hand-me-down prices were not tempting enough to investors...
...Sale. Almost all the stock prices were hard to believe...
...Week's 1947 Price- Closing Earning Earnings Stock Price per Share Ratio American Can $78¼ $8 9.8 American Smelting 51½ 12 4.3 Chrysler 58¼ 7.50 7.8 General Motors 51¼ 6.70 8.1 Goodyear Tire 42 12 3.5 Loew's Inc. 16¼ 2.75 5.9 Sears, Roebuck 34⅛ 4.75 7.2 Standard Oil (N.J.) 70 10 7 Texas Co. 54½ 7.50 7.3 U.S. Steel 73½ 12.50 5.9 Westinghouse...