Word: wall
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Dates: during 1960-1969
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...SPORTS IN ACTION (NBC, 6:30-7:30 p.m.). The famous Etonian "Wall Game" from England and the National Collegiate Rodeo from Laramie...
...steadily rising funds into safer, short-term Treasury bills or corporate bonds and just waited. The Dow-Jones industrial average fell for four days in a row, struggled up just a bit in the final session, and closed at 864-down 16½ points for the week.* Everybody on Wall Street was waiting for news from Washington and looking for a firmer fix on three uncertainties that overhang the market: Viet Nam, steel labor, and the immediate future course of the U.S. economy...
...Controls. Though Wall Streeters have built their fortunes on speculation, they dislike uncertainty, and they can scare easily. What worries them now is that a greater U.S. commitment in Viet Nam might somehow impede the progress of the domestic economy and lead to the kind of controls on prices, wages and credits that were brought forth during the Korean...
...overall vigor of the U.S. economy-Wall Street's third major uncertainty-even the pessimists have been surprised by the durability of the expansion. The consistent Cassandras, who have been forecasting downturn for many months, have begun to hedge their predictions with such words as "may," "might," and "possibly." The clouds they see over the economy include high inventories, especially in steel, and the prospect of inflation. After staying flat for five years, wholesale prices in the past six months have jumped 2.1%-owing to a rise in farm prices and processed food costs. The increases are now showing...
High-Quality Profits. For Wall Street, the best news is the remarkable rise in corporate profits. Last week record first-half highs were reported by such giants as Du Pont, Socony Mobil, Standard Brands and Ford. Though the rate of increase is likely to be somewhat less spectacular in the second half, Washington policymakers figure that the gains already have been so great that the Government's official estimate of $61 billion in corporate profits for 1965 will probably be exceeded. Investors are reaping the benefits; in this year's first six months, cash dividend payments increased...