Word: marketings
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Dates: during 1950-1950
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...Market. In Phoenix, Ariz., the congregation of the Central Methodist Church, leaving Sunday services, found their cars plastered with liquor advertisements...
Willie had quite a few ideas on morality. When asked about the "mob," he shot back: "People are mobs that makes 6% more on the dollar than anybody else does," and added: "Jeez, everything is a racket today. The stock market is a racket. Why not make everything legal?" The audience laughed and Willie was pleased...
Businessmen might be pessimistic about the future, but Wall Street took a cheerful view. Day after President Truman's mobilization speech last week, the market started out at a fast clip, with textiles and such war stocks as Grumman, Lockheed and Boeing leading the parade. In the short, half-day session, 2,020,000 shares were traded and both the rail averages and Dow-Jones industrials scooted up. Reason for the rise: after all the grim advance notices, the President wasn't nearly as tough about controls and cuts in civilian production as Wall Street had expected. Furthermore...
...start of this week, the market moved up at even a faster clip. In the biggest day's trading (4,490,000 shares) since the outbreak of the Korean war, the rail averages hit 76.01, up 2.63 in two days, and their highest point in nearly 20 years. The Dow-Jones industrial averages hit 231.03, up 6.33 points in two days, thanks chiefly to the scramble to buy oils, metals and aircraft stocks. A spectacular performer: Grumman Aircraft. After a two-for-one split, it soared from 22⅝ to 28¾ in four days...
...Ordered manufacturers to channel all their copper and brass scrap into "normal trade sources," i.e., not into grey market conversion deals...