Word: billioned
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Dates: during 1950-1959
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Underlying the SEC's new problems is the fantastic growth of the U.S. stock market. From a value of $34 billion when the SEC began, stocks listed on the New York Stock Exchange are now worth nearly $350 billion. In the past seven years alone, the number of shareholders has doubled from 6,000,000 to 12,500,000. New corporate issues, which amounted to only about $400 million in the 1930s, now total more than $16 billion annually...
...stores in Abilene and Tyler, Texas within the next months. Ward's sales reflect the growth: last week the company announced eight-month sales of $756,071,243, a 14% hike over last year. By year's end. Ward's hopes to hit a record $1.25 billion...
...Ward's executive: "Avery was actually liquidating the company, though he didn't realize it." Avery had hobbled the entire firm with his one man rule (he had to okay every expenditure over $100), and knocked employee morale to the bottom. Net sales dropped from $1.1 billion in 1950 to $999 million in 1954. Barr set out to sweep out gloom, bring on a boom...
...higher profits later. The rise has started. Earnings in the first half this year jumped to $10.6 million from $8.6 million last year. In the next five years, Barr plans to spend $500 million on expansion. By 1963 he expects sales to be running at $1.8 or $2 billion a year...
...relief. While Germany has boomed, the unions have been slow to demand higher wages. Now that German industry is being forced to share more of its prosperity with its workers, part of the trade advantage that has raised Germany's gold and dollar reserves past $5 billion will be lost...