Word: boomingly
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Dates: during 1950-1959
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Evident Virility. More profitable by far than any other industrial development is Jamaica's great tourist boom. Before World War II the island was little more than a cruise-ship stop. But postwar air travel has increased the traffic far beyond the island's capacity to handle it. A burst of hotel building at Montego Bay and Ocho Rios has raised Jamaica's hotel space to 3,000 first-class rooms priced up to $50 a day (double room, American plan) during the winter season. Even so, hotel owners turn down hundreds of applications every winter week...
...correctly predicted the U.S. postwar boom, incorrectly predicted a U.S. depression...
...White Motor Co., whose stock was selling at $13 although it had a book value of $55. Buying 100,000 shares (about 3%), Ditisheim proposed a complete reorganization. But when the company refused to go along, Ditisheim was squeezed out. However, White stock moved up in the general market boom, hit $48 a share last year. Gradually selling their holdings, Ditisheim & Co. wound up with a profit in the millions...
...Phenomenon of the Boom...
...RAYON BOOM goes on despite hot competition from Dacron, nylon, etc. Rayon production last year topped 972,800,000 Ibs., a 10% jump over 1953's previous record and 9% more than all other man-made fibers combined. Rayon's biggest new customers: tiremakers, manufacturers of industrial hose, belting and carpets...