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...Preakness last year, but broke down in the Belmont Stakes and now rated only 9-to-2 odds, dawdled twelve lengths behind the leaders through the backstretch, turned it on at the close to win by a gallant 2½ lengths. A well-beaten sixth: Mrs. Richard C. du Pont's five-year-old gelding Kelso, 1961's Horse of the Year and the 3-to-5 favorite at post time. Carry Back ran the mile in 1 min. 33 3/5 sec.-tying the track record. His $72,735 winner's purse boosted his life time earnings...
...wore on, selling panic buffeted the widely held blue chips: IBM fell 37½ to 361, Du Pont 12½ to 202½, A.T.&T. 11 to 100⅝. So irrepressible was Blue Monday's selling pressure that more than 4,000,000 shares changed hands in the final 30 minutes of trading, and the last transaction did not clear the ticker tape until 2½ hours after closing. In the second bleakest day in Wall Street's history, the Dow-Jones industrial index plunged 34.95 to 576.93-21% below its peak of last December...
...du Pont...
...gauge a stock's worth compared to its price is the price-earnings ratio, i.e., its market price in relation to profits per share of the company. In the late 1920s, Al Smith's good friend John J. Raskob, who then functioned simultaneously as an officer of Du Pont and General Motors, shocked the investment world by allowing that under favorable circumstances a stock might be worth as much as 15 times earnings. (Despite this bullish tenet, Raskob, like the President's father, Joseph Kennedy, saw the 1929 crash coming; unlike Kennedy, he did not sell short...
...Du Pont Show of the Week (NBC 10-11 p.m.). The D-day invasion of France is documented in film never seen in tne U.S. before and in interviews with people present at the landing...