Word: buts
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Dates: during 1950-1959
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After a year of the tightest money since the 1920s, the U.S. last week experienced a slight easing in the general demand for funds. It was partly due to the depressing effects of the steel strike and industry's uncertainty about investing heavily in inventory before a settlement is...
But by that time the big seasonal demand will have ended too. Even more important, the Treasury is planning a sharp reduction in its issues in the first half of 1960, may thus help to ease credit or at least prevent it from becoming tighter. The Federal Reserve would like...
TEEN-AGE CREDIT PLANS are being offered by 100 department stores, including Pittsburgh's Sears, Roebuck, Baltimore's Hochschild & Kohn. Accounts require parents' O.K. but are not guaranteed by them.
1960 CONSTRUCTION will hold steady, the Department of Commerce forecasts. Construction dollar outlays will rise by 2% to $55.3 billion, but the increase will be because of higher prices.
The vote will probably be no-as it has always been in such cases-but industry was gambling that there would be enough yeses to embarrass McDonald. In any case, union leaders are not bound by the vote; they can call another strike even if workers want to accept the...