Word: climbing
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Dates: during 1950-1959
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...strongest customer is still the U.S. In September foreign cars reached a record 10.3% of the total market, almost triple last year's 3.5%. Estimates are that exports to the U.S. will hit 350,000 cars this year, climb to 500,000 in 1959. Britain's Vauxhall already sells as many cars in the U.S. as it does in Britain, and Italy's automakers, who shipped a mere 61 cars to the U.S. ten years ago, expect this year to sell 25,000 worth some $30 million...
...sound barrier (TIME, June 21, 1948), it is expected to reach 3,600 m.p.h.-twice the speed of a high-powered rifle bullet. Since such speeds cannot be maintained in the lower atmosphere, the X-15 will be carried to 35,000 ft. by a B-52, will then climb to an altitude of 100 miles. Burning liquid ammonia and liquid oxygen, its motor will develop 50,000 Ibs. of static thrust, and more power (500,000 h.p.) at full speed than the carrier Forrestal...
...starts, at 108,000, lifted the seasonally adjusted rate to 1,220,000, making last month the homebuilders' best September since 1955. Counting 10,000 public housing starts, it was the residential construction industry's best all-round September since 1950. Freight carloadings continued their five-week climb, rising 9,122 in the week to a new 1958 high of 686,138. Estimated steel production last week pushed to 73.6% of capacity, up from 71.6% during the week before...
Coleman and Siegel also got heavy debts at high interest rates. To climb out, Coleman negotiated a swap with the See-burgs of $1,200,000 in cash for the $2,000,000 owed in notes, borrowed another $700,000 from them. Siegel raised more from Philadelphia's Donner Foundation and the New York Water Corp. In addition, they sold off their Fort Pitt clothing and beer business for $3,000,000 plus a hefty beer royalty from the new brewery owners. With Seeburg's cash position in shape, they were able to pay off their bank debts...
...market up was a big play in the nonferrous metals market. Copper shares rose up to 9^ points for the week, partly on the strength of copper strikes in Canada, Northern Rhodesia and New Mexico. Zinc and aluminum stocks also rose. The feeling that the U.S. economy on the climb again would be a spur to world business helped push up stocks in Europe (see Business Abroad...