Word: boosted
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Dates: during 1950-1959
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...line to the public. Average increase: some $70 a car, or just about enough to cover costs of materials and labor. Ford's action was the tipoff to 1957 prices. While every auto make will probably hike prices slightly, no one can afford too high a boost, especially in the low-price field, where everyone expects a ruggedly competitive battle. Even with the increases, 1957's auto buyer will get more for his money. Cars will be longer, lower, more powerful. Chevrolet will have fuel injection on its Corvette, make it optional equipment on other models; Ford...
FREIGHT RATES will go up for second time in year if railroads have their way. After getting 6% rate hike from Interstate Commerce Commission last March, roads want another 15% boost to improve and maintain equipment in face of rising costs. Cost to shippers, if ICC approves increase: about $1 billion annually...
PIPELINE EXPANSION by the Tennessee Gas Transmission Co. will add 25% to its Eastern supplies if Federal Power Commission approves. At cost of $166 million, Tennessee Gas wants to add 1,085 miles of new pipe and a series of bigger compressor stations to boost capacity of 2,200-mile system running from Texas to New England by 456 million cu. ft. daily, bring it to nearly 2.5 billion cu. ft. capacity...
COAL EXPORTS will be pushed to new record by growing European demand. At current pace, booming overseas business will boost bituminous coal exports to 44 million tons in 1956, some 1,000,000 tons more than previous peak in 1947; anthracite coal is also keeping pace, topped 1,000,000 tons for first seven months of 1956 v. a mere 266,000 tons this time last year...
Thus far each of the roads has been able to go it alone. The Erie, biggest of the three (2,338 miles), picked up enough revenue carting freight between the Great Lakes and the Eastern industrial area to turn a $7,900,000 profit last year, expects a 10% boost this year. The small (792 miles) D. & H. is also in good shape; through the Delaware & Hudson holding company it picked up 34% of its traffic, mostly from its own coal mines, netted $8,900,000 last year on a gross of $76.9 million. Only the 962-mile Lackawanna...