Word: bursting
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Dates: during 1950-1959
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...calm, sober study, Roy L. Reierson, vice president and chief economist of Manhattan's Bankers Trust Co., concluded that the bearish worries had far outrun the possibilities. "There is some feeling that the American economy may, within the next few years, be engulfed by a speculative, inflationary burst involving a flight out of dollars and money assets and into tangible property, gold or equities. The odds do not seem to favor such a prospect at this time...
...does Hiroshima itself. While the 30,000 pilgrims attended the commemorative service last week, nearly as many crowded into a nearby ballpark for a baseball game. As night fell, big bright neon signs flashed invitations to amusement centers. The broad Ota River glittered with floating lanterns, and fireworks burst their colored lights against the sky in celebration of the joyous Buddhist Festival of Lanterns. Adjoining the grisly Peace Memorial Data Hall in Nakajima Park is a modern, air-conditioned hotel that caters to the 7,000 foreigners who annually visit Hiroshima, and the more wealthy...
What has pushed the market up, in the eyes of most Wall Streeters, is not easier credit but the fear of a new burst of inflation. Many a Wall Streeter shares the Fed's worry, feeling that anxiety over inflation has lifted stock prices too quickly on the basis of current earnings. This has caused a sharp change in the "spread"-the difference between stock and bond yields. As stock prices have risen, bonds have dropped (see below); while the return on blue chips has fallen to 3.8%, the best bonds now yield more than 4%. In the past...
Last week the Dow-Jones industrial average rose 15.21 points, burst through the 500-mark for the fourth time in history. At week's end the average stood at 501.76, highest since Aug. 5, 1957, and within hailing distance of the alltime postwar high of 521.05. Even more surprising was the volume: 18,581,325 shares, heaviest week of the year. Instead of tapering off at the weekend as it often does, the buying increased steadily, left the tape minutes behind as 4,427,280 shares, double the normal volume, changed hands on the closing...
Change of Bed. Twenty-one years old and squirrelishly pretty, Sally Jay Gorce arrives in Paris determined to burst into bloom. She settles among the Left Bank's blissfully bug-bitten expatriates, embraces the two tenets of their haute couture: 1) hardly anyone washes, and 2) the girls change their beds oftener than their dresses. In no time at all, Sally Jay is blooming like a geranium...