Word: stockmarket
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...York stockmarket this week finally took its cue from the British market and bounced to 117-a new 1942 high for the Dow-Jones Industrial averages...
Like Rip Van Winkle, utility preferred stocks last week snapped out of a long nap. In the stockmarket they started climbing briskly on greatly increased trading volume. At week's end the senior shares of American & Foreign Power were up two and three points to new 1942 highs (double the year's lows); Electric Power & Light preferreds had jumped five and six points; Electric Bond & Share preferreds were up more than six points; Empire Gas & Fuel 8% preferred topped a phenomenal rise with eight more points to hit 166⅞ - an alltime peak and nearly double the year...
...Mellon's mistake, the President is said to have told national leaders recently, was in removing the wartime tax load too soon, thus releasing a flood of surplus purchasing power which Mr. Roosevelt believes contributed to the 1929 stockmarket crash...
Because the regular stockmarket is too thin to handle big blocks of stock, two N.Y. Stock Exchange firms last week jumped into the over-the-counter market, sold 100,000 shares of Standard Oil of California, 115,000 shares of Standard of Jersey and 46,000 shares of American Tobacco B in two days. One result: a full day's business lost to the Exchange...
...stockmarket put on a strong-man act last week. Defying the worst flood of news since the fall of France (when equities nose-dived more than 30 points), the venerable Dow-Jones industrial averages rose $1.09 while the British were fleeing toward Alexandria, 76? more when Auchinleck began to halt the Rommel rush on Friday. Stocks went up $1.04 the day Hitler captured Sevastopol: 67? in the two days it took his African troops to capture Matr...