Word: peak
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Last year the stock market often ignored bad news; the Dow-Jones industrial average reached a new high during the steel strike. Now, despite good earnings, hefty dividend hikes (see Earnings) and predictions of peak production, the market went its own morose way; the Dow-Jones industrial average dropped 23.23 points to end the week at 622.62. Auto stocks plummeted, for example, largely because of some doubt that the industry will run up the predicted 7,000,000-car year. Yet it seemed clearly headed for at least a 6,500,000-car year, the second biggest in history. Auto...
...down from 4.44% a week earlier and half a point under the high of 4.67% in December. In the auction of 182-day bills, the Treasury came out with a yield of 4.61%, down from 4.67% a week earlier and two-fifths of a point under the peak early in January...
...profits. But nothing could save Douglas Aircraft Co. from a hefty 1959 loss as a result of heavy charge-offs against its new DC-8 jet transport program. The firm reported a loss of $33.8 million, compared with a $16.8 million profit in 1958. However, it expects peak deliveries of DC-8s in 1960 to boost overall sales to more than $1 billion-and profits with...
CASH DIVIDENDS reported by U.S. corporations in 1959 climbed to alltime peak of $12.7 billion, up from $11.9 billion a year earlier. Increases of 10% or more came in chemicals, communications and finance...
...chairman and will remain chief executive officer. Peace went to work for Esty in 1941 after a brief stint at Fordham, has been there since except for Army service during World War II. He was moved up to the presidency while still young because Chairman Houlahan feels that "the peak years of creativity for a president are between the late...