Word: walle
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Dates: during 1940-1949
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With such mock solemnity Wall Street marked the passing of Commonwealth & Southern Corp., the giant utility holding company now finally dissolved under the Holding Company Act. For years. C. & S.'s low price (generally about $5 ) and large amount of common shares outstanding (more than 33 million) had made it a volume leader on the big board and a rich source of commissions for brokers. C. & S. preferred and common stockholders will get shares in four utility companies, with a listed total of only 20 million common shares...
...death of Commonwealth & Southern was about all that Wall Streeters seemed sad about last week. The Dow-Jones industrial average rose 3.38 points to a new 1949 high of 185.36, well above what most traders had hoped for in what they had regarded as only the usual "summer rise...
Investors seemed to think that the upsurge would last. They brushed off the steel and coal strikes, quoting the old Wall Street saw: "Never sell on strike news." They pushed up U.S. Steel if to 1⅜ TO 24⅜, the high since the stock was split in May, and General Motors up 2¾ to 65⅜, new high for the year...
...cameramen have carefully perceived things which Hollywood has only squinted at. They have caught the quick flash of sunlight off the front fender of a car. They have watched a pent-up ball of twine roll excitedly along a curbstone. They have found the texture of a masonry wall, and the quiet beauty of a row of tenements slanting downhill into the afternoon...
...Puritans will be rated a heavy favorite over the Leverett team, which was trounced by Eliot in its opener. Winthrop's hefty forward wall kept Kirkland from scoring, and is expected to wear down the small Leverett frontier. The Puritans didn't show much of an aerial display against Kirkland but it has a hard-driving backfield paced by Frank Hernberg...