Word: boomingly
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Dates: during 1950-1959
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Pacing the spiraling output of durable goods is steel production, which last week was the largest in history. U.S. mills, operating at 93.5% capacity, produced 2,647,000 net tons of steel. And many a sign points to the steel boom as being more than mere strike hedging. Steel's key customers, U.S. auto and truck manufacturers, last week scheduled their best performance of the year. Auto output neared the 2,000,000 mark, 34.7% ahead of last year, and truck production was 36.8% ahead of the same period a year ago. Brisk April buying has firmed industry hopes...
...group of merchants, lawyers and real estate wizards, known as the "Bay Street Pirates" to Nassau taxi drivers, began the boom nine years ago. They spread the word that these British crown-colony islands have no income taxes, no personal property taxes, no real estate taxes, no capital gains taxes, trifling inheritance taxes. Now, says Attorney Stafford Sands, leading Bay Streeter, "there's a definite feeling of yeastiness about the whole American investment picture...
...Votes Apiece. The Bay Street boys run the politics as well as the boom. But even in the sparsely populated (116,530) Bahamas, the dreams that drove colonials to greater measures of self-government elsewhere in the old British Empire are stirring. Last year, at the beginning of the winter season, Nassau's taxi drivers, bus boys, power-plant workers and construction workers walked out on strike (TIME, Jan. 27, 1958). Members of the Progressive Liberal Party, they struck mostly for fairer polling laws, and they won a few concessions; e.g., men of property, who formerly could vote...
Wall Street's concern, as voiced in its ads, is all to the good. But the Street and the corporations it serves can do a great deal more to curb uninformed speculation by their own efforts, instead of wagging a finger at the public. When irresponsible rumors boom a stock, company officials often keep quiet rather than making the prompt denials that would cool it off. Many a stock has been run up on wild rumors when there is so little stock available that any buying or selling sends it rollercoasting. The exchange has the power to suspend trading...
...seventh that they really lowered the boom. Six singles, two triples, and a walk produced seven Navy runs in this inning, as neither Kipp nor Renny Johnston was able to produce any effective pitching. This mammoth splurge secured the game for the Middies, and rendered single runs by the varsity in the sixth, eighth, and ninth innings of no real consequence...