Word: grosse
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Dates: during 1950-1959
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Pointing to the U.S.'s bright economic future, President Harry Truman used to talk headily of a $440 billion gross national product by 1960, but the U.S. economy's actual growth under Truman's successor has made that rosy forecast seem downright conservative. Last week, in a frankly political speech to a Republican rally in Chicago, President Dwight Eisenhower brandished some economic facts that might turn out to be bigger bipartisan news to the people of the U.S. than all the week's campaign speeches put together. In the third quarter of 1958, said Ike, gross...
...economy, as measured by the gross national product, has climbed almost back to its alltime high. So Commerce Secretary Sinclair Weeks told the Commerce Department's Business Advisory Council last week at Hot Springs, Va. On top of the fact that the gross national product rate in July-September apparently was around $440 billion, v. the recession's low of $425.8 billion in January-March, Weeks predicted that the final-quarter G.N.P. rate will hit $450 billion, v. the prerecession peak of $445.6 billion in the summer of 1957-and go even higher...
...railroads, there was good news. Pennsylvania Railroad, operating in the red for most of this year, reported that in September it operated in the black for the second consecutive month. At the same time railroads that had been making money did even better. Northern Pacific reported that the September gross of $18,285,000 was the second best month in its history. But the business pattern was varied. Some companies were on the upswing while others were still looking for the turn...
That is saying a lot. In the two decades since Max Gordon staged Dodsworth for $59,000 and saw the show move into the black as soon as it began to gross $13,200 a week on the road, production costs have doubled. A Touch of the Poet must take in a minimum of $25,000 a week to break even; A Handful of Fire lost its backers $150,000 before the books were closed. The productions with which Stevens is connected this season will cost a total of $2,000,000 before they all get to Broadway...
WHEN a big, secluded estate is rented by an eccentric couple who order beef by the side, buns by the gross-and when the delivery boy has to leave the supplies outside the fence -people are apt to be curious. For what a Buenos Aires cop discovered when he climbed the fence, see THE HEMISPHERE, Big Red Schoolhouse...