Word: evens
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Dates: during 1950-1959
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...from the current 3.26%. Cash-ins of E and H bonds during the first eight months exceeded sales by $759 million. The House move, which is expected to win Senate approval, was immediately labeled "inadequate" by Treasury Secretary Robert Anderson. He emphasized that the lifting of the ceiling is even more important today than when it was proposed three months...
...past year alone, to $336 million. Among newcomers to the capitalist class are thousands who still have no bank accounts. A poll of investors showed that one-fourth left school in the grammar grades. So radically has the British attitude toward buying shares in capitalism changed that even the Laborite Daily Herald in its financial column now urges mutual funds as a good place to put working-class savings. The Tories are delighted, well realizing the obstacles that such investment is creating for nationalization if the Labor Party gets back into power...
...swift spread of stock ownership is even more striking on the Continent. In West Germany, the Adenauer government is plowing ahead with its plan to "reprivatize" a $1 billion industrial empire inherited from the Nazis. Last spring the government sold the giant Preussag mining combine to 216,000 new German stockholders limited to annual incomes of $3,800 or less. In one sweep of a pen, the total number of German stockholders was increased by a third, to around 800,000. Determined to have a competitive private-enterprise economy, the government is now planning to sell off the great Volkswagen...
From the Commerce Department came a report calculated to throw a chill into both steel labor and steel management. During July, steel imports-which were pushing toward new highs even before the strike began-soared to a monthly record of 430,000 tons. The new imports brought the seven-month intake to 2.3 million tons, almost the equivalent of the output of a steel mill the size of Republic's 9,500-man Cleveland plant; foreign steel mills in 1959 had already sold U.S. customers more steel than in any full year in history. Republic Steel's Chairman...
...needs orders for 50 more before it can hope to turn a profit, is losing $500,000 to $750,000 on each one it delivers. Douglas Aircraft last week won FAA certification for its DC-8, which will be put in service this month by United and Delta airlines. Even though Douglas has 143 planes on order, it needs to turn out many more before it can make a profit on the liner. General Dynamics' Convair Division has spent $57 million to develop its long-range jet 600 and shorter-range 880. But so far it has orders...