Word: du
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...downhill for three months, suddenly nose-dived and opened the week with the biggest one-day break since 1955. The Dow-Jones industrial average plummeted ten points to 423.06, lowest level since May 1955. Every major group took a beating in the slump, with drops in such stocks as Du Pont, American Telephone & Telegraph, Bethlehem Steel, Goodyear, Alcoa and all but three of the 25 rails...
...side was Du Pont (see below), with a solid 7% increase in both sales and net. Earnings were $2.14 a share, v. $1.99 last year. Owens-Illinois Glass Co. raised its volume and net 4%; Eastman Kodak did even better. On a 10.2% increase in sales (from $175.6 million to $193.5 million), it raised profits 14% (from $22.2 million to $25.4 million...
...with a strong rally, the greatest bull market of all time weakened and fell in the last three days to end the week at 433.83 on the Dow-Jones industrial average, the lowest point in 2½ years. All told, 263 stocks, among them such blue chips as Du Pont, General Motors and Alcoa, reached new lows for the year...
...exhibit has become a perennial shrine for bored and procrastinating First Level habitues who may refresh their tired imaginations by pondering the relative merits of the wood-engravings and relief-printing processes, or by reflecting on the mysteries of a print entitled Reincarnation du Pere...
TRUSTBUSTERS this month will explain how they think Du Pont should dispose of its 63 million shares (23%) of General Motors; Du Pont will then have 60 days for rebuttal. Government turned down Du Pont's initial proposal to put the stock on a nonvoting basis, restrict its participation on G.M. board. Justice Department will insist on complete and final sale of all G.M. stock owned by Du Pont, but Du Pont will press fight to hold stock and dividends while divesting itself of control...