Word: stocked
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Dates: during 1960-1969
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...size-not to mention makeup and type face. "We want to show what lithography can do," says Swayduck. "We want to run the whole gamut of our art." Because Swayduck does not want anything to spoil the appearance of his magazine, he carries no advertising. Donations of paper stock and binding from manufacturers have enabled him to keep the cost of each issue at $16,000 for a 20,000 press...
...every logical standard, inflation should be strong tonic for the stock market. But the market is not logical, and ever since inflation began to loom large, it has retreated in fright. The Dow-Jones industrial average has fallen almost 70 points since early February, and last week, in a frenzy of deep plunges and brief rallies, it lost another four points to close at 927.95. Wall Street is worried that the fight on inflation and the war in Viet Nam may oblige the Government to take harsh steps that will pinch prosperity. That specifically includes the likelihood of higher taxes...
...Stocks v. Bonds. Money is costlier to borrow now than it has ever been since the Depression, and the effects of that phenomenon on the market are tremendous. A promising market rally last week fell flat after Morgan Guaranty President Thomas Gates announced a boost in the prime rate to an alltime high of 5½% . That announcement hit at 2:15 p.m. on Thursday, March 10, and by closing time at 3:30 the New York Stock Exchange floor was still a scene of frantic selling activity. Within little more than an hour after Morgan Guaranty's pattern...
...viewpoint, tight money has made bonds more attractive than at any time since 1921. Many a $1,000-par medium-grade corporate bond is selling close to $900 and yielding about 6% ; some tax-free municipal bonds pay interest of 4%, which is as good as an 8% stock dividend return to an investor in a high-tax bracket. The current struggle in Wall Street's market is not between bulls and bears, but between stocks and bonds. Calling some important turns are the faceless but formidable institutions-mutual funds, pension and profit-sharing funds, insurance companies and banks...
Black & Blue. Because the institutions deal largely in the stock of big, established companies, the latest selloff has particularly hurt the traditional blue chips. Result: the Dow-Jones index of blue chips has sold off 6.8% while the much broader Standard & Poor's index of 500 stocks has dropped...