Word: bigs
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Dates: during 1940-1949
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Wall Street's young bull market kept right on growing. On three successive days last week, trading topped 2,000,000 shares, making it the most active week since the big rise of May 1948. The Dow-Jones industrial average rose 3.37 points to 198.05, the highest since August 1946. Most spectacular rise: Superior Oil Co. (California) which in three days jumped 69½ points to 227 on the news of a plan to split it into two gas & oil companies. Wall Streeters now expect the next test of the market at 200. If the bull gets over that...
Nobody had to read far to find out what the announcement meant: "Subsidiaries of United States Steel Corp. have announced today new mill prices . . ." Thus last week did Big Steel's President Benjamin F. Fairless give his answer to the $100-a-month pensions won by the C.I.O. Steelworkers only five weeks before (TIME, Nov. 21). Because of higher operating costs, said Fairless, the company was raising the price of steel by an average of 4%, i.e., $4 a ton. Other steelmen scurried to their adding machines to figure out new price schedules themselves. But by week...
Rosy Future. Actually, in a free and once more competitive economy, Big Steel had a perfect right to raise its prices. But with the steel shortage over, it might not get away with it. Big Steel's customers certainly would not like the $80 million-a-year increase in their steel bill, especially in the light of steel profits. In the first nine months of 1949, U.S. Steel netted $133 million, 50% more than in the same period in 1948. And so far as Ben Fairless could see last week, the future looked rosy. Operations of Big Steel...
...Kingfish" is big (6 ft., 200 lbs.), shy, pink-cheeked Ernest Lynn Kurth, 64, a jack of all trades-lumber, insurance, banking, theaters, construction, utilities, machinery-and master of all as well. Kurth's dozen-odd enterprises employ 3,250, indirectly support 50% of Lufkin's population. But the Kurth achievement that most East Texans boast about, and the one that is of prime importance to the Southern economy, is newsprint. Set up only nine years ago as the South's first newsprint producer, Kurth's $18 million Southland Paper Mills, Inc. last week was rolling...
...acting in a DeMille picture bears about the same relation to ordinary acting that a DeMille spectacle bears to everyday life. Holding up the florid tradition of black-hearted villainy are George Sanders and Henry Wilcoxon. Mature is suitably curly-haired and big-muscled as Samson. For all her plumage, including a gown of 2,000 peacock feathers (which DeMille ordered retouched for more color), Miss Lamarr's slitherings suggest a small-town belle making like a femme fatale...