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...thirdquarter earnings rose 24% over last year's to $10,751,819, and Atlas Powder went from $928,010 in '55 to $1,059,291 in J56's third quarter. But Union Carbide & Carbon fell to $32,148,446 (from $37,821,-591 last year); Du Pont dropped to $1.99 a share from $2.26 in last year's third quarter; Allied Chemical & Dye declined...
...bear market, and the economy is as sound as ever." To Paine, Webber's Luttrell Maclin. the "election of the Democrats would not be catastrophic, or even necessarily bearish." His explanation of the slide: "The market was just too high. General Motors and Du Pont, for instance, reached their high a year ago, and they've been going down ever since." Walston & Co.'s Research Director Edmund Tabell, a top chartist, added: "The market has lost upside momentum for 18 months. But this is not what I call a bear market. This is just a selective market...
William Edward Burghardt Du Bois did more than any other Negro to challenge Washington's leadership and to give democracy a meaning in the twentieth century that conforms to that of Douglass in 1889. In The Souls of Black Folk, 1903, he gave a restrained but trenchant criticism of the Washington school of thought and advocated the right to vote, civic equality and the education of youth according to ability. "By every civilized and peaceful method," he urged, "we must strive for the rights which the world accords to men, clinging unwaveringly" to the great words of the Declaration...
Since the end of slavery, Negroes on the whole have followed the advice of Du Bois and others to seek their goals "by every civilized and peaceful method." This is perhaps one reason why they have invalidated in large measure the famous dictum of William Graham Sumner that "Stateways can not change folkways." Even in the depth of the depression in the early 1930's, only about 2,400 Negroes joined the Communist Party. The loyalty of what has been America's most oppressed minority to the principles of democracy is not the least significant contribution of Negroes...
...York and London financial markets last week there was a new speculative favorite: the Compagnie Universelle du Canal Maritime de Suez. After a drastic drop from $260 in the wake of Nasser's nationalization of the big ditch, the shares have finally begun edging up and last week reached $182, four points above crisis low. Said a London dealer: "Since the crisis there have been many more canal buyers in London than before. Shares used to change hands by the fifties and hundreds. Now they change hands by the thousands...