Word: stocked
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Dates: during 1960-1969
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...WIDE WORLD OF SPORTS (ABC, 5-6:30 p.m.). The World Ski Jumping championship from Oslo, Norway; the Daytona 500 Stock Car championship from Daytona...
...center-left coalition Cabinet put together by Christian Democratic Premier Aldo Moro was sworn in by President Giuseppe Saragat in Rome's Quirinale Palace last week. There was practically no difference between this Cabinet and the last, which fell 33 days before. Nonetheless, Italy applauded, and the Milan stock market surged to a new three-year high. Italians rightly understood that Premier Moro had triumphed over a positively Borgian plot...
Some of the stock market's troubles stem from a worsening shortage of investment money. Salomon Bros. & Hutzler, a leading bond-trading house, predicted that commercial banks will have $3 billion less to put into long-term credit this year than last. With a swiftness that startled even investment men, the money shortage has driven interest rates on some new bond issues to 45-year peaks, prompting investors to sell stocks in order to buy bonds. Last week $40 million of Long Island Lighting Co. bonds went on sale with a 5.13% interest return, one of the highest yields...
This week the U.S. enters what promises to be its sixth straight year of economic expansion, and almost everything is rising-except the stock market. It has been falling since early February, and last week Wall Street's bull was still reluctant. The Dow-Jones industrial average dropped 25 points in three days, touched a 1966 low of 950.66, then rallied fitfully at week's end to close at 953-scarcely higher than last October. Measured by the important price-earnings ratio, stocks are lower than they were at the low point of the 1962 break. They...
...high, and investors are reacting-probably overreacting-to the economic implications of the Viet Nam war. They are afraid of higher taxes and more controls on the economy, perplexed by the squeeze on credit and pressure on profit margins. In this emotional atmosphere, such basic and broadly held stocks as oil, drug, retailing, chemical and utility issues generally weakened last week; many popular highfliers in electronics, color television and office machines held fairly firm. But as prices fell, so did trading volume on the New York Stock Exchange-a technical indication that prices may soon rebound...