Word: stockly
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Dates: during 1950-1959
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...happy blend of year-end confidence and year-opening optimism brought a new high for the stock market last week. When the closing gong ended trading on Dec. 31. the Dow-Jones industrial average stood at an alltime record of 583.65. The year's gain in dollar value of the more than 5 billion shares traded on the New York Stock Exchange was the largest in the Big Board's 166-year history, rising to about $275 billion from $196 billion at the end of 1957. Stock Exchange transactions totaled 747,058,306, the largest volume since...
Spurring the market's rise were reports from Detroit that automakers are scheduling January production of new cars 22% higher than a year ago. Ford stock rose 32 points when it predicted that dealers would add $1 billion to sales by marketing 200,000 to 400,000 more Ford cars in 1959 than in 1958. Ford's new Galaxie series is accounting for one-third of current sales, and the Ford division will increase its January production schedule of these models 15%. General Motors' Cadillac division reported that retail deliveries of Cadillacs in the first 20 days...
JOHNS-MANVILLE CORP. (1957 sales: $308 million) purchased Libbey-Owens-Ford subsidiary L-O-F Glass Fibers Co. (1957 sales: $23 million), second only to Owens-Corning Fiberglas in the industry, for stock worth $58 million...
Fresh Approach. For Railway Express, a nonprofit corporation which deducts its operating costs from its revenues, passes the remainder on to 68 owner railroads, the Central's decision, effective in a year, was a critical blow, since it owns 14% of the agency's stock. Second largest stockholder (12.6%) is the Pennsylvania Railroad, which is also considering pulling out. If the Pennsy decides to do so, Western railroad officials concede that they will not be able to support the agency alone, will have to abandon...
...Northwest's $67 million jet fleet of ten Lockheed Electras, which go into service this year, and five Douglas DC-8s, due to arrive in 1960. Northwest has pinned down $84 million from 15 banks, twelve insurance companies and the sale of 457,873 shares of preferred stock (its common stock rose from a '58 low of 10⅛ to 27⅛ last week). The line will get more than $10 million by trading in its nine double-deck Boeing Stratocruisers to Lockheed and five DC-7s to Douglas. Though the used-plane market is glutted, Northwest swung...