Word: ups
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Dates: during 1940-1949
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Nipped Heels. With old-fashioned competition now in full cry, the race was to the swift, but not necessarily to the biggest. Some giants were holding their own; e.g., Procter & Gamble. Under its hard-selling new president, Neil McElroy, who worked up through P. & G. advertising to the presidency last...
* Among them: Freeport Sulphur which, with profits up 42%, raised its dividend to $1.25; Texas Co., Budd Co., Standard Brands.
Then, at 2 p.m. on Wednesday, Oct. 23, something like panic began. There seemed to be no reason for it, but everybody began to sell. In that final hour of trading, 2,500,000 shares changed hands and prices tumbled crazily: Auburn Auto, which had recently sold as high as...
From the bell's first ring, it was panic; by day's end an incredible 16,410,030 shares had been dumped, capping the selling that had wiped out an estimated $25 billion in stock values. Not until 2½ hours after the market's close did...
When Elsie Murphy went job-hunting in 1934, she wanted to make a million. She thought the best chance was in the wholesale fabric business, where there were few women, and she picked S. Stroock & Co., Inc., as her target. President Sylvan Stroock offered her something less than a million...