Word: stockmarket
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...Bull Market? The stockmarket, moving onward & upward for the eighth week in a row, reached a new high for the year. This prompted some financial writers to talk about "the new bull market now under way." The Dow-Jones industrial averages climbed 3.01 points to 184.77, the highest since last August...
...stockmarket has drifted lower & lower, Wall Streeters have hoped that margin requirements would be relaxed. But last week, in the annual report of the Federal Reserve Bank of New York, President Allan Sproul came out against lowering present 75% stock margins (75% of the purchase price must be cash...
...last week, the market demonstrated that it needed a raising of confidence more than a lowering of margins. Burdened by the talk of a steel strike and a possible recession, the stockmarket had fallen to a low for 1947. Then at week's end came a rumor that U.S. Steel and the C.I.O. Steelworkers had reached an agreement. Stocks shot up from one to three points. When the rumor became fact this week (see NATIONAL AFFAIRS) the average climbed an additional 1.06 points...
...Year. The stockmarket, depressed by strikes and alarms over prices, tumbled 4.76 points in the Dow-Jones industrial index to end the week at 171.76, a new low for 1947. On the first day of this week, in the broadest market in stock exchange history, it plummeted 5.07 points more, the worst daily drop since last November...
...sunspots affected agricultural production and thus food prices. When they studied sunspots they found that their wax & wane apparently bore no relation to the rise or fall of agricultural production. But they were amazed to find that sunspot activity coincided with the rise & fall of industrial production and of stockmarket prices...