Word: dow
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Dates: during 1930-1939
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...spite of big dividends, stocks first stagnated, then slumped to 148.47 on the Dow-Jones average...
...last week's end sales since Jan. 1 on the New York Stock Exchange averaged only 896,517 shares a day compared to 983,577 shares in dull 1938. And the Dow-Jones average of 30 industrials, which stood at 155.92 when the third-quarter earnings reports began to hit the financial pages, hovered around 151-about the non-boom level...
...river boats on the Mississippi, loved the stockmarket, had been several times rich, several times poor. The family totem pole was the Wall Street Journal. Before his son Robert was out of high school, Father Rhea gave him the Journal's difficult William Peter Hamilton editorials on the Dow Theory of stock prices, told him to master them or get spanked...
...Rhea began to average and chart stockmarket prices, to study the Dow Theory. He found that he could concentrate so heavily that pain was forgotten and at the end of the day he was exhausted and could sleep...
...when William Peter Hamilton died, Dow, Jones & Co. needed a new high priest to lead the Dow cult of stockmarket analysis. They published some of Rhea's "notebooks" in Barron's weekly. The next year Rhea put his ideas on Dow lore into a book and, after publishers refused it as a white elephant, published it himself and sold over 90,000 copies. Letters began to pile up on the foot of Rhea's bed, and, unable to answer them individually, he one morning sent out a note to the effect that if & when he had anything...