Word: high
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Dates: during 1950-1959
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...some remarkable achievements. During the last two decades, the Catholic population of the New York archdiocese (including Manhattan, The Bronx, Staten Island, and seven suburban counties) grew 50% to 1,558,328; the number of auxiliary bishops had risen from one to nine; the number of elementary and high schools had increased from 307 to 412; tireless Fund Raiser Spellman has chalked up $41,322,074 through his annual fund appeal for Catholic Charities. Born in Whitman, Mass., moonfaced, articulate Frank Spellman ran errands for his father's grocery, played sandlot baseball, boxed in a village barn, became...
...sick Government-bond market last week had its worst sinking spell. As prices of old issues hit new lows, their yields rose as high as 4.28%. exceeding the 4¼% ceiling on coupon rates the Government can set on new long-term bonds. Not since the hectic, tight-money days of early 1932 have yields risen so high. The sinking spell came at a particularly bad time for Treasury Secretary Robert B. Anderson; he needed $5.3 billion to carry the Government through June...
...securities, the Treasury this week will auction off $3.5 billion in such notes to see what the buyers will pay. Then it will set the rate on a $1.8 billion short-term issue. Anderson tried no long-term bond, simply because the Treasury can not get an interest rate high enough (i.e., above 4¼% ) to sell it. Publicly, the Treasury is keeping a stiff lip. Privately, it trembles...
...increased 298%, while its shipments of steel products per man-hour increased only 30%. Thus, every recent wage hike kicked off a steel price boost (see chart). Adams and fellow executives contended that profits are still "inadequate" to support a wage hike. Even at last year's relatively high levels, steel's profits-to-assets ratio ranked 27th among the nation's 41 key industries. The "obvious" solution to wage-push inflation, said Steelman Adams, is to restrict "the growing labor monopoly power, even as other monopoly powers, which have threatened our welfare, have been restricted." Snapped...
...other industries earnings were just as good. For some companies, such as Zenith Radio Corp., whose stock has spiraled from 67½ a year ago to 324½ last week, first-quarter earnings were so high ($3.37 per share) that Chairman Hugh Robertson facetiously told stockholders that he had qualms about announcing them. Explained Robertson: "We were fearful of putting out our first-quarter figures because they were so good. We don't think the stock is overinflated, but we don't want to add fuel to the fire...