Word: day
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Dates: during 1950-1959
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...effect on interest rates. The U.S. Treasury last week sold its 13-week bills at 4.5%, the highest point in history for its shortest-term borrowing, partly because only the week before it had drawn heavily on short-term funds with a $2 billion offer of 320-day bills at 4.86%. Bankers expect even greater pressure when a steel settlement is made and a rush for supplies and postponed expansion exerts new pressure on the money market...
...Hollanders everywhere, a Philips' incandescent lamp bulb is as much a symbol of their country as a tulip. Founded in 1891 by studious Gerard Philips, 32, a professor at the Delft Polytechnic School, the company started out in an abandoned tannery making 30 light bulbs a day. Though Philips taught himself and then ten ex-farm hands how to make bulbs, he was no good at selling them. In 1895 the company was up for sale when younger brother Anton, 20, quit a promising banking career to take over sales, did so well that by 1897 the company began...
...past four years, boosted the number of workers from 4,000 to 50,000. To compete in the cut throat world textile market, the Hong Kong garmentmakers' chief weapon has been cheap labor; the average daily wage is $1.77 for a ten-to twelve-hour day...
...goods is still produced by industrious Chinese pieceworkers in cramped cubby holes and back rooms, more and more are coming from new, modern factories such as Lee's. He employs 5,000 workers, v. 150 when he started, has one factory running three full shifts a day, spinning, weaving, dyeing, cutting and sewing cot ton garments for export. Last August he added a new factory to weave 1,000,000 yds. of cloth per month, cut 60,000 gar ments a day. His own garment exports to the U.S., 15% of the crown colony's, have risen from...
Others have prospered along with Lee, and the Hong Kong garment industry to day has estimated assets worth $200 million. Exports to the U.S. (chiefly brassières, nightgowns, pajamas, blouses and men's slacks and shirts) are expected to be more than $80 million this year, a 140% increase over last year. Though still less than 3% of total U.S. consumption, it is the concentration of items in particular areas that has most aroused U.S. industry and labor opposition. In the field of brassieres alone, Hong Kong imports account for an estimated 40% of the U.S. market...