Word: bank
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Dates: during 1950-1959
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...York's Guaranty Trust Co.: "The widespread expectation of an upturn in business this autumn is in some measure the product of hope rather than of tangible signs of rising activity." Guaranty's reasons: "Consumer caution" and a lack of "buoyancy in business operations." The Federal Reserve Bank of Chicago also reported "less than vigorous" showings in the economy, and Boston's First National Bank noted "a number of soft spots...
...anticipation of fall buying. Reported Boston's First National: "Confidence in the fall outlook remains firm, despite the low visibility and the lack of any clearly discernible trend in production." Many forecasters were taking an optimistic view of the second half, said Chicago's Federal Reserve Bank, because of the economy's natural pattern of growth and several specific expectations. Among them: an auto upsurge when 1958 models come out, a rise in residential construction, a retail-sales boost as rising personal income sparks a gain in consumer spending, a rebuilding of stocks following inventory adjustment...
...Steel's production in the last quarter. The oil industry reported a highly profitable six months, helped account for a sizable part of the 6% profit gain over 1956's first half chalked up by 741 U.S. corporations in a survey by the First National City Bank of New York. Profits of Standard Oil Co. (New Jersey) reached a record $463 million for the year's first half, $38 million more than an early estimate. Cities Service President W. Alton Jones announced record first-half profits of $36,315,490, and its wholly owned subsidiary, Dhofar-Cities...
Ever since he first wooed the future Mrs. Graham with a mid-Depression vow ("Stick with me and we'll be on Easy Street"), Wichita's lively William L. Graham has been making the promise come true. He began with a $200 bank loan in 1936, and at 46 he is worth an estimated $20 million in Kansas oil and real estate. Along the way his talents for enterprise and friendship proved so overpowering that he once sold the late Dale Carnegie a house in Wichita an hour after they met. ("If I couldn't be myself...
Though the socialist-minded Indian government viewed Graham with undisguised distaste, coolly turned down his suggestion for a five-year tax moratorium on small new businesses, a dozen prominent private Indian businessmen eagerly offered to co-invest some $140,000. The Punjab National Bank offered to investigate loan candidates free of charge, promised to consider later loan requests from Graham selectees...