Word: currently
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Dates: during 1950-1959
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...Ears. As French government and industry poured capital into the Sahara, at the current rate of more than $200 million a year, foreign oilmen at first looked on with skepticism. They questioned French estimates of reserves; they observed that the Sahara's sweet crude (more than 40 degree gravity) yields far more gasoline than Kuwait crude-but less than half as much heavy fuel oil. France most needs heavy fuel oil for its industry, said Petroleum Week, warning of the danger that "France would soon have gasoline running out its ears...
What all this means, said the Chicago Federal Reserve, is that the current price stability may not continue. Drawing a parallel to the 1955 recovery, when prices held steady, the bank suggests that prices may follow a similar pattern in the second half, then show a broad upward movement in 1960, as prices...
Thanks for a great story on the Washington Senators' "Awesome Foursome," the "Killers' Row" of current baseball [July 20]. The diehard fans of this team finally have something to keep their hopes alive. Even Casey Stengel takes cover when the Senators arrive...
...call in mid-September to carry out FCC order for $50 million overall rate slash by Bell System. Sliding-scale reductions will be greater for longer distances, especially for calls over 675 miles, e.g., New York-Chicago for first three minutes will cost $1.45 v. current $1.50 rate; New York-Los Angeles $2.25 v. current...
Apples & Pears. Rarely has good news been presented with more furrowed brows. Big Steel's Blough astutely cautioned that high second-quarter earnings reflected "an unusually high demand artificially stimulated by our customers' fear of a steel strike." Comparing current earnings with profits in recession 1958, said Bethlehem's Homer, was comparing "apples and pears." Republic's White called his company's second-quarter record "to a major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize...